Treasury note

91282CKV2 · 4.625% due June 15, 2027

Original term
3-Year
Maturity
Jun 15, 2027
Coupon
4.625%
Pays
Semi-Annual
Dated
Jun 15, 2024
First coupon
Dec 15, 2024
Priced through
Sep 10, 2026
Analyzed through
Sep 10, 2026

Statement of August 31, 2026

Amount outstanding
$58.50bn
Held stripped
$24.0m
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, September 10, 2026

Yield to maturity
4.237%
Modified duration
0.733 yr
DV01
0.0074
Convexity
0.901
Dirty price
101.393

Where its rate sensitivity sits

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 3 of twelve buckets, summing to 0.748 years against a modified duration of 0.733.

Against the fitted curve

Priced 1.4 bp rich to the curve on that day, 1.05 cents per 100 of face.

That is -0.29 standard deviations from its own typical residual.

Yield to maturity, 559 observations

3.25%3.50%3.75%4.00%4.25%4.50%4.75%Jun 17, 2024Sep 10, 2026Jun 17, 2024Yield to maturity4.501%Jul 8, 2024Yield to maturity4.406%Jul 25, 2024Yield to maturity4.263%Aug 13, 2024Yield to maturity3.768%Aug 30, 2024Yield to maturity3.799%Sep 19, 2024Yield to maturity3.488%Oct 8, 2024Yield to maturity3.893%Oct 28, 2024Yield to maturity4.091%Nov 15, 2024Yield to maturity4.274%Dec 5, 2024Yield to maturity4.111%Dec 24, 2024Yield to maturity4.355%Jan 14, 2025Yield to maturity4.417%Feb 3, 2025Yield to maturity4.271%Feb 21, 2025Yield to maturity4.191%Mar 12, 2025Yield to maturity3.994%Mar 31, 2025Yield to maturity3.891%Apr 17, 2025Yield to maturity3.801%May 6, 2025Yield to maturity3.782%May 23, 2025Yield to maturity3.999%Jun 12, 2025Yield to maturity3.905%Jul 2, 2025Yield to maturity3.802%Jul 22, 2025Yield to maturity3.847%Aug 8, 2025Yield to maturity3.773%Aug 27, 2025Yield to maturity3.680%Sep 16, 2025Yield to maturity3.541%Oct 3, 2025Yield to maturity3.604%Oct 23, 2025Yield to maturity3.516%Nov 12, 2025Yield to maturity3.602%Dec 2, 2025Yield to maturity3.568%Dec 19, 2025Yield to maturity3.489%Jan 9, 2026Yield to maturity3.533%Jan 29, 2026Yield to maturity3.564%Feb 18, 2026Yield to maturity3.496%Mar 9, 2026Yield to maturity3.602%Mar 26, 2026Yield to maturity3.984%Apr 14, 2026Yield to maturity3.765%May 1, 2026Yield to maturity3.813%May 20, 2026Yield to maturity3.899%Jun 9, 2026Yield to maturity3.989%Jun 29, 2026Yield to maturity4.086%Jul 17, 2026Yield to maturity4.052%Aug 5, 2026Yield to maturity4.058%Aug 24, 2026Yield to maturity4.021%Sep 10, 2026Yield to maturity4.237%

Price history

559 trading days to Sep 10, 2026

100.00100.50101.00101.50102.00102.50103.00103.50Jun 17, 2024Sep 10, 2026Jun 17, 2024Close100.344Jul 8, 2024Close100.594Jul 25, 2024Close100.969Aug 13, 2024Close102.281Aug 30, 2024Close102.156Sep 19, 2024Close102.938Oct 8, 2024Close101.844Oct 28, 2024Close101.313Nov 15, 2024Close100.844Dec 5, 2024Close101.219Dec 24, 2024Close100.625Jan 14, 2025Close100.469Feb 3, 2025Close100.781Feb 21, 2025Close100.938Mar 12, 2025Close101.344Mar 31, 2025Close101.531Apr 17, 2025Close101.688May 6, 2025Close101.688May 23, 2025Close101.219Jun 12, 2025Close101.375Jul 2, 2025Close101.531Jul 22, 2025Close101.406Aug 8, 2025Close101.500Aug 27, 2025Close101.625Sep 16, 2025Close101.813Oct 3, 2025Close101.656Oct 23, 2025Close101.750Nov 12, 2025Close101.563Dec 2, 2025Close101.563Dec 19, 2025Close101.625Jan 9, 2026Close101.500Jan 29, 2026Close101.406Feb 18, 2026Close101.438Mar 9, 2026Close101.250Mar 26, 2026Close100.750Apr 14, 2026Close100.969May 1, 2026Close100.875May 20, 2026Close100.750Jun 9, 2026Close100.625Jun 29, 2026Close100.500Jul 17, 2026Close100.500Aug 5, 2026Close100.469Aug 24, 2026Close100.469Sep 10, 2026Close100.281
The most recent 20 trading days of prices for 91282CKV2.
DateBidOfferClose
Sep 10, 2026100.328100.313100.281
Sep 9, 2026100.375100.375100.375
Sep 8, 2026100.391100.375100.344
Sep 4, 2026100.375100.375100.375
Sep 3, 2026100.391100.375100.375
Sep 2, 2026100.359100.344100.344
Sep 1, 2026100.359100.344100.344
Aug 31, 2026100.391100.375100.344
Aug 28, 2026100.406100.375100.344
Aug 27, 2026100.484100.469100.469
Aug 26, 2026100.484100.469100.469
Aug 25, 2026100.484100.469100.469
Aug 24, 2026100.484100.469100.469
Aug 21, 2026100.484100.469100.469
Aug 20, 2026100.516100.500100.500
Aug 19, 2026100.500100.500100.500
Aug 18, 2026100.516100.500100.500
Aug 17, 2026100.516100.500100.500
Aug 14, 2026100.516100.500100.500
Aug 13, 2026100.516100.500100.500

Prices are per 100 of face, from Treasury's own end-of-day file. A dash in the bid or offer column means none was posted that day.

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 91282CKV2.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Jun 10, 2024Jun 17, 2024New issue$58.0bn$59.9bn2.43x4.659%

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.

Free to benchmark against. Paid only to track. Measuring anything against these curves and indices is free. No license, no fee, no registration, and no permission needed to say that you did, including in a prospectus. A fee applies to one thing: launching a product that tracks an index.

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.