Treasury note

91282CKU4 · 4.625% due May 31, 2031

Original term
7-Year
Maturity
May 31, 2031
Coupon
4.625%
Pays
Semi-Annual
Dated
May 31, 2024
First coupon
Nov 30, 2024
Priced through
Nov 9, 2026
Analyzed through
Nov 9, 2026

Statement of October 31, 2026

Amount outstanding
$46.21bn
Held stripped
$19.2m
Share stripped
0.04%

Stripped par is held as separate interest and principal components rather than as whole securities. The Safe Rate indices deliberately do not deduct it, and the whole-market figure is published so that decision can be argued with. Market statistics.

Amount outstanding as reported by Treasury, in its Monthly Statement of the Public Debt. The Safe Rate indices weight on a different figure, float-adjusted original par, and the two are not comparable security by security. The index figures are published per holding.

Risk, November 9, 2026

Yield to maturity
4.671%
Modified duration
3.982 yr
DV01
0.0406
Convexity
0.191
Dirty price
101.872

Where its rate sensitivity sits

<.01
0.01
0.04
0.08
1.00
2.94
3M
6M
1Y
2Y
3Y
5Y
7Y
10Y
15Y
20Y
25Y
30Y
Sensitivity to a one basis point move at each point on the curve, in years. Concentrated in 6 of twelve buckets, summing to 4.073 years against a modified duration of 3.982.

Against the fitted curve

Priced 0.2 bp rich to the curve on that day, 0.64 cents per 100 of face.

That is -1.14 standard deviations from its own typical residual.

Yield to maturity, 610 observations

3.50%3.75%4.00%4.25%4.50%4.75%5.00%5.25%May 31, 2024Nov 9, 2026May 31, 2024Yield to maturity4.520%Jun 5, 2024Yield to maturity4.296%Jun 10, 2024Yield to maturity4.472%Jun 13, 2024Yield to maturity4.232%Jun 18, 2024Yield to maturity4.221%Jun 24, 2024Yield to maturity4.252%Jun 27, 2024Yield to maturity4.288%Jul 2, 2024Yield to maturity4.402%Jul 8, 2024Yield to maturity4.234%Jul 11, 2024Yield to maturity4.150%Jul 16, 2024Yield to maturity4.113%Jul 19, 2024Yield to maturity4.190%Jul 24, 2024Yield to maturity4.200%Jul 29, 2024Yield to maturity4.090%Aug 1, 2024Yield to maturity3.888%Aug 6, 2024Yield to maturity3.790%Aug 9, 2024Yield to maturity3.855%Aug 14, 2024Yield to maturity3.721%Aug 19, 2024Yield to maturity3.791%Aug 22, 2024Yield to maturity3.775%Aug 27, 2024Yield to maturity3.743%Aug 30, 2024Yield to maturity3.808%Sep 5, 2024Yield to maturity3.627%Sep 10, 2024Yield to maturity3.524%Sep 13, 2024Yield to maturity3.522%Sep 18, 2024Yield to maturity3.572%Sep 23, 2024Yield to maturity3.611%Sep 26, 2024Yield to maturity3.656%Oct 1, 2024Yield to maturity3.608%Oct 4, 2024Yield to maturity3.882%Oct 9, 2024Yield to maturity3.976%Oct 15, 2024Yield to maturity3.932%Oct 18, 2024Yield to maturity3.968%Oct 23, 2024Yield to maturity4.139%Oct 28, 2024Yield to maturity4.192%Oct 31, 2024Yield to maturity4.218%Nov 5, 2024Yield to maturity4.228%Nov 8, 2024Yield to maturity4.255%Nov 14, 2024Yield to maturity4.386%Nov 19, 2024Yield to maturity4.320%Nov 22, 2024Yield to maturity4.352%Nov 27, 2024Yield to maturity4.187%Dec 3, 2024Yield to maturity4.176%Dec 6, 2024Yield to maturity4.093%Dec 11, 2024Yield to maturity4.196%Dec 16, 2024Yield to maturity4.317%Dec 19, 2024Yield to maturity4.506%Dec 24, 2024Yield to maturity4.523%Dec 30, 2024Yield to maturity4.449%Jan 3, 2025Yield to maturity4.494%Jan 8, 2025Yield to maturity4.545%Jan 13, 2025Yield to maturity4.699%Jan 16, 2025Yield to maturity4.487%Jan 22, 2025Yield to maturity4.504%Jan 27, 2025Yield to maturity4.413%Jan 30, 2025Yield to maturity4.396%Feb 4, 2025Yield to maturity4.401%Feb 7, 2025Yield to maturity4.406%Feb 12, 2025Yield to maturity4.549%Feb 18, 2025Yield to maturity4.468%Feb 21, 2025Yield to maturity4.331%Feb 26, 2025Yield to maturity4.143%Mar 3, 2025Yield to maturity4.041%Mar 6, 2025Yield to maturity4.153%Mar 11, 2025Yield to maturity4.130%Mar 14, 2025Yield to maturity4.180%Mar 19, 2025Yield to maturity4.117%Mar 24, 2025Yield to maturity4.184%Mar 27, 2025Yield to maturity4.201%Apr 1, 2025Yield to maturity4.001%Apr 4, 2025Yield to maturity3.813%Apr 9, 2025Yield to maturity4.170%Apr 14, 2025Yield to maturity4.146%Apr 17, 2025Yield to maturity4.083%Apr 23, 2025Yield to maturity4.145%Apr 28, 2025Yield to maturity3.949%May 1, 2025Yield to maturity3.948%May 6, 2025Yield to maturity4.027%May 9, 2025Yield to maturity4.113%May 14, 2025Yield to maturity4.281%May 19, 2025Yield to maturity4.187%May 22, 2025Yield to maturity4.239%May 28, 2025Yield to maturity4.185%Jun 2, 2025Yield to maturity4.144%Jun 5, 2025Yield to maturity4.108%Jun 10, 2025Yield to maturity4.195%Jun 13, 2025Yield to maturity4.123%Jun 18, 2025Yield to maturity4.087%Jun 24, 2025Yield to maturity3.963%Jun 27, 2025Yield to maturity3.944%Jul 2, 2025Yield to maturity3.966%Jul 8, 2025Yield to maturity4.088%Jul 11, 2025Yield to maturity4.093%Jul 16, 2025Yield to maturity4.098%Jul 21, 2025Yield to maturity4.014%Jul 24, 2025Yield to maturity4.073%Jul 29, 2025Yield to maturity3.994%Aug 1, 2025Yield to maturity3.862%Aug 6, 2025Yield to maturity3.861%Aug 11, 2025Yield to maturity3.919%Aug 14, 2025Yield to maturity3.912%Aug 19, 2025Yield to maturity3.917%Aug 22, 2025Yield to maturity3.856%Aug 27, 2025Yield to maturity3.813%Sep 2, 2025Yield to maturity3.841%Sep 5, 2025Yield to maturity3.678%Sep 10, 2025Yield to maturity3.665%Sep 15, 2025Yield to maturity3.681%Sep 18, 2025Yield to maturity3.746%Sep 23, 2025Yield to maturity3.756%Sep 26, 2025Yield to maturity3.850%Oct 1, 2025Yield to maturity3.759%Oct 6, 2025Yield to maturity3.824%Oct 9, 2025Yield to maturity3.811%Oct 15, 2025Yield to maturity3.699%Oct 20, 2025Yield to maturity3.649%Oct 23, 2025Yield to maturity3.666%Oct 28, 2025Yield to maturity3.670%Oct 31, 2025Yield to maturity3.772%Nov 5, 2025Yield to maturity3.820%Nov 10, 2025Yield to maturity3.769%Nov 14, 2025Yield to maturity3.792%Nov 19, 2025Yield to maturity3.766%Nov 24, 2025Yield to maturity3.666%Nov 28, 2025Yield to maturity3.657%Dec 3, 2025Yield to maturity3.680%Dec 8, 2025Yield to maturity3.809%Dec 11, 2025Yield to maturity3.770%Dec 16, 2025Yield to maturity3.749%Dec 19, 2025Yield to maturity3.753%Dec 24, 2025Yield to maturity3.789%Dec 30, 2025Yield to maturity3.731%Jan 5, 2026Yield to maturity3.760%Jan 8, 2026Yield to maturity3.784%Jan 13, 2026Yield to maturity3.788%Jan 16, 2026Yield to maturity3.869%Jan 22, 2026Yield to maturity3.893%Jan 27, 2026Yield to maturity3.866%Jan 30, 2026Yield to maturity3.845%Feb 4, 2026Yield to maturity3.882%Feb 9, 2026Yield to maturity3.791%Feb 12, 2026Yield to maturity3.713%Feb 18, 2026Yield to maturity3.691%Feb 23, 2026Yield to maturity3.618%Feb 26, 2026Yield to maturity3.617%Mar 3, 2026Yield to maturity3.672%Mar 6, 2026Yield to maturity3.767%Mar 11, 2026Yield to maturity3.825%Mar 16, 2026Yield to maturity3.842%Mar 19, 2026Yield to maturity3.927%Mar 24, 2026Yield to maturity4.071%Mar 27, 2026Yield to maturity4.103%Apr 1, 2026Yield to maturity4.002%Apr 6, 2026Yield to maturity4.014%Apr 9, 2026Yield to maturity3.946%Apr 14, 2026Yield to maturity3.905%Apr 17, 2026Yield to maturity3.877%Apr 22, 2026Yield to maturity3.942%Apr 27, 2026Yield to maturity3.981%Apr 30, 2026Yield to maturity4.041%May 5, 2026Yield to maturity4.094%May 8, 2026Yield to maturity4.038%May 13, 2026Yield to maturity4.140%May 18, 2026Yield to maturity4.283%May 21, 2026Yield to maturity4.269%May 27, 2026Yield to maturity4.199%Jun 1, 2026Yield to maturity4.205%Jun 4, 2026Yield to maturity4.204%Jun 9, 2026Yield to maturity4.273%Jun 12, 2026Yield to maturity4.230%Jun 17, 2026Yield to maturity4.285%Jun 23, 2026Yield to maturity4.284%Jun 26, 2026Yield to maturity4.142%Jul 1, 2026Yield to maturity4.247%Jul 7, 2026Yield to maturity4.288%Jul 10, 2026Yield to maturity4.316%Jul 15, 2026Yield to maturity4.266%Jul 20, 2026Yield to maturity4.329%Jul 23, 2026Yield to maturity4.472%Jul 28, 2026Yield to maturity4.371%Jul 31, 2026Yield to maturity4.456%Aug 5, 2026Yield to maturity4.341%Aug 10, 2026Yield to maturity4.412%Aug 13, 2026Yield to maturity4.318%Aug 18, 2026Yield to maturity4.375%Aug 21, 2026Yield to maturity4.433%Aug 26, 2026Yield to maturity4.381%Aug 31, 2026Yield to maturity4.498%Sep 3, 2026Yield to maturity4.520%Sep 9, 2026Yield to maturity4.609%Sep 14, 2026Yield to maturity4.803%Sep 17, 2026Yield to maturity4.796%Sep 22, 2026Yield to maturity4.842%Sep 25, 2026Yield to maturity4.995%Sep 30, 2026Yield to maturity5.095%Oct 5, 2026Yield to maturity5.074%Oct 8, 2026Yield to maturity4.997%Oct 14, 2026Yield to maturity5.006%Oct 19, 2026Yield to maturity4.946%Oct 22, 2026Yield to maturity4.784%Oct 27, 2026Yield to maturity4.847%Oct 30, 2026Yield to maturity4.724%Nov 4, 2026Yield to maturity4.686%Nov 9, 2026Yield to maturity4.671%

Price history

610 trading days to Nov 9, 2026

98100102104106108May 31, 2024Nov 9, 2026May 31, 2024Close100.625Jun 5, 2024Close101.969Jun 10, 2024Close100.906Jun 13, 2024Close102.344Jun 18, 2024Close102.406Jun 24, 2024Close102.219Jun 27, 2024Close102.000Jul 2, 2024Close101.313Jul 8, 2024Close102.313Jul 11, 2024Close102.813Jul 16, 2024Close103.031Jul 19, 2024Close102.563Jul 24, 2024Close102.500Jul 29, 2024Close103.156Aug 1, 2024Close104.375Aug 6, 2024Close104.969Aug 9, 2024Close104.563Aug 14, 2024Close105.375Aug 19, 2024Close104.938Aug 22, 2024Close105.031Aug 27, 2024Close105.219Aug 30, 2024Close104.813Sep 5, 2024Close105.906Sep 10, 2024Close106.531Sep 13, 2024Close106.531Sep 18, 2024Close106.219Sep 23, 2024Close105.969Sep 26, 2024Close105.688Oct 1, 2024Close105.969Oct 4, 2024Close104.313Oct 9, 2024Close103.750Oct 15, 2024Close104.000Oct 18, 2024Close103.781Oct 23, 2024Close102.781Oct 28, 2024Close102.469Oct 31, 2024Close102.313Nov 5, 2024Close102.250Nov 8, 2024Close102.094Nov 14, 2024Close101.344Nov 19, 2024Close101.719Nov 22, 2024Close101.531Nov 27, 2024Close102.469Dec 3, 2024Close102.531Dec 6, 2024Close103.000Dec 11, 2024Close102.406Dec 16, 2024Close101.719Dec 19, 2024Close100.656Dec 24, 2024Close100.563Dec 30, 2024Close100.969Jan 3, 2025Close100.719Jan 8, 2025Close100.438Jan 13, 2025Close99.594Jan 16, 2025Close100.750Jan 22, 2025Close100.656Jan 27, 2025Close101.156Jan 30, 2025Close101.250Feb 4, 2025Close101.219Feb 7, 2025Close101.188Feb 12, 2025Close100.406Feb 18, 2025Close100.844Feb 21, 2025Close101.594Feb 26, 2025Close102.625Mar 3, 2025Close103.188Mar 6, 2025Close102.563Mar 11, 2025Close102.688Mar 14, 2025Close102.406Mar 19, 2025Close102.750Mar 24, 2025Close102.375Mar 27, 2025Close102.281Apr 1, 2025Close103.375Apr 4, 2025Close104.406Apr 9, 2025Close102.438Apr 14, 2025Close102.563Apr 17, 2025Close102.906Apr 23, 2025Close102.563Apr 28, 2025Close103.625May 1, 2025Close103.625May 6, 2025Close103.188May 9, 2025Close102.719May 14, 2025Close101.813May 19, 2025Close102.313May 22, 2025Close102.031May 28, 2025Close102.313Jun 2, 2025Close102.531Jun 5, 2025Close102.719Jun 10, 2025Close102.250Jun 13, 2025Close102.625Jun 18, 2025Close102.813Jun 24, 2025Close103.469Jun 27, 2025Close103.563Jul 2, 2025Close103.438Jul 8, 2025Close102.781Jul 11, 2025Close102.750Jul 16, 2025Close102.719Jul 21, 2025Close103.156Jul 24, 2025Close102.844Jul 29, 2025Close103.250Aug 1, 2025Close103.938Aug 6, 2025Close103.938Aug 11, 2025Close103.625Aug 14, 2025Close103.656Aug 19, 2025Close103.625Aug 22, 2025Close103.938Aug 27, 2025Close104.156Sep 2, 2025Close104.000Sep 5, 2025Close104.844Sep 10, 2025Close104.906Sep 15, 2025Close104.813Sep 18, 2025Close104.469Sep 23, 2025Close104.406Sep 26, 2025Close103.906Oct 1, 2025Close104.375Oct 6, 2025Close104.031Oct 9, 2025Close104.094Oct 15, 2025Close104.656Oct 20, 2025Close104.906Oct 23, 2025Close104.813Oct 28, 2025Close104.781Oct 31, 2025Close104.250Nov 5, 2025Close104.000Nov 10, 2025Close104.250Nov 14, 2025Close104.125Nov 19, 2025Close104.250Nov 24, 2025Close104.750Nov 28, 2025Close104.781Dec 3, 2025Close104.656Dec 8, 2025Close104.000Dec 11, 2025Close104.188Dec 16, 2025Close104.281Dec 19, 2025Close104.250Dec 24, 2025Close104.063Dec 30, 2025Close104.344Jan 5, 2026Close104.188Jan 8, 2026Close104.063Jan 13, 2026Close104.031Jan 16, 2026Close103.625Jan 22, 2026Close103.500Jan 27, 2026Close103.625Jan 30, 2026Close103.719Feb 4, 2026Close103.531Feb 9, 2026Close103.969Feb 12, 2026Close104.344Feb 18, 2026Close104.438Feb 23, 2026Close104.781Feb 26, 2026Close104.781Mar 3, 2026Close104.500Mar 6, 2026Close104.031Mar 11, 2026Close103.750Mar 16, 2026Close103.656Mar 19, 2026Close103.250Mar 24, 2026Close102.563Mar 27, 2026Close102.406Apr 1, 2026Close102.875Apr 6, 2026Close102.813Apr 9, 2026Close103.125Apr 14, 2026Close103.313Apr 17, 2026Close103.438Apr 22, 2026Close103.125Apr 27, 2026Close102.938Apr 30, 2026Close102.656May 5, 2026Close102.406May 8, 2026Close102.656May 13, 2026Close102.188May 18, 2026Close101.531May 21, 2026Close101.594May 27, 2026Close101.906Jun 1, 2026Close101.875Jun 4, 2026Close101.875Jun 9, 2026Close101.563Jun 12, 2026Close101.750Jun 17, 2026Close101.500Jun 23, 2026Close101.500Jun 26, 2026Close102.125Jul 1, 2026Close101.656Jul 7, 2026Close101.469Jul 10, 2026Close101.344Jul 15, 2026Close101.563Jul 20, 2026Close101.281Jul 23, 2026Close100.656Jul 28, 2026Close101.094Jul 31, 2026Close100.719Aug 5, 2026Close101.219Aug 10, 2026Close100.906Aug 13, 2026Close101.313Aug 18, 2026Close101.063Aug 21, 2026Close100.813Aug 26, 2026Close101.031Aug 31, 2026Close100.531Sep 3, 2026Close100.438Sep 9, 2026Close100.063Sep 14, 2026Close99.250Sep 17, 2026Close99.281Sep 22, 2026Close99.094Sep 25, 2026Close98.469Sep 30, 2026Close98.063Oct 5, 2026Close98.156Oct 8, 2026Close98.469Oct 14, 2026Close98.438Oct 19, 2026Close98.688Oct 22, 2026Close99.344Oct 27, 2026Close99.094Oct 30, 2026Close99.594Nov 4, 2026Close99.750Nov 9, 2026Close99.813
The most recent 20 trading days of prices for 91282CKU4.
DateBidOfferClose
Nov 9, 202699.78199.79799.813
Nov 6, 202699.87599.90699.906
Nov 5, 202699.93899.969100.094
Nov 4, 202699.62599.65699.750
Nov 3, 202699.56399.57899.531
Nov 2, 202699.71999.73499.656
Oct 30, 202699.50099.51699.594
Oct 29, 202699.31399.34499.313
Oct 28, 202698.93898.95399.000
Oct 27, 202699.12599.14199.094
Oct 26, 202699.15699.17299.125
Oct 23, 202699.18899.20399.219
Oct 22, 202699.12599.14199.344
Oct 21, 202698.71998.75098.625
Oct 20, 202698.75098.78198.688
Oct 19, 202698.71998.73498.688
Oct 16, 202698.90698.92298.875
Oct 15, 202698.75098.78198.781
Oct 14, 202698.18898.20398.438
Oct 13, 202698.37598.39198.406

Prices are per 100 of face, from Treasury's own end-of-day file. A dash means that side was not quoted that day, which is almost always the offer and almost always near maturity: a holder of a bill days from paying par has little reason to sell it.

Auction

A CUSIP can be auctioned more than once: Treasury reopens an existing security rather than issuing a new one, so the same bond is sold again at whatever yield the market then wants.

Auction history for 91282CKU4.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
May 29, 2024May 31, 2024New issue$44.0bn$46.6bn2.43x4.650%

The curve this was priced against →

Index levels before September 30, 2026 are back-tested. They were computed after the fact by applying the rules to historical data, which benefits from hindsight in the choice of rules, and an index cannot be invested in directly. Methodology v1.0 takes effect at that rebalance, when levels begin to be struck on the day; the rulebook is identical either way, and the version is published on every row.

A fitted curve is a fit, not a quote. Daily error averages 3.8 basis points across the history and reaches about 20 on the worst days, in December 2008, when the market was genuinely hard to fit one smooth curve to. Every curve page publishes its own fit error rather than burying it.

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Safe Rate™, Safe Rate Indices™ and the Safe Rate US Treasury Index™ are trademarks of Safe Rate, claimed through use in commerce and not registered. Third-party marks are the property of their owners, which are not affiliated with and do not endorse this data.

Curves are fitted from public Treasury data and carry fit error; figures are not a record of trading, and an index cannot be invested in directly. No claim of compliance with the IOSCO Principles for Financial Benchmarks is made or implied. Not investment advice, not an offer, and not a recommendation to buy or sell any security.