Treasury note

91282CKW0 · 4.25% due June 30, 2031

Original term
7-Year
Maturity
Jun 30, 2031
Coupon
4.250%
Pays
Semi-Annual
Dated
Jun 30, 2024
First coupon
Dec 31, 2024
Priced through
Sep 30, 2026
Analyzed through
Sep 30, 2026

Statement of August 31, 2026

Amount outstanding
$45.53bn
Held stripped
$0.0m
Share stripped
0.00%

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 30, 2026

Yield to maturity
5.095%
Modified duration
4.187 yr
DV01
0.0408
Convexity
0.208
Dirty price
97.543

Where its rate sensitivity sits

0.01
0.01
0.04
0.08
0.67
3.49
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 4.291 years against a modified duration of 4.187.

Against the fitted curve

Priced 0.1 bp cheap to the curve on that day, 0.39 cents per 100 of face.

That is -0.32 standard deviations from its own typical residual.

Yield to maturity, 564 observations

3.00%3.50%4.00%4.50%5.00%5.50%Jul 1, 2024Sep 30, 2026Jul 1, 2024Yield to maturity4.449%Jul 5, 2024Yield to maturity4.229%Jul 10, 2024Yield to maturity4.245%Jul 15, 2024Yield to maturity4.161%Jul 18, 2024Yield to maturity4.135%Jul 23, 2024Yield to maturity4.181%Jul 26, 2024Yield to maturity4.113%Jul 31, 2024Yield to maturity3.994%Aug 5, 2024Yield to maturity3.661%Aug 8, 2024Yield to maturity3.890%Aug 13, 2024Yield to maturity3.730%Aug 16, 2024Yield to maturity3.801%Aug 21, 2024Yield to maturity3.688%Aug 26, 2024Yield to maturity3.717%Aug 29, 2024Yield to maturity3.763%Sep 4, 2024Yield to maturity3.649%Sep 9, 2024Yield to maturity3.577%Sep 12, 2024Yield to maturity3.555%Sep 17, 2024Yield to maturity3.519%Sep 20, 2024Yield to maturity3.584%Sep 25, 2024Yield to maturity3.629%Sep 30, 2024Yield to maturity3.669%Oct 3, 2024Yield to maturity3.710%Oct 8, 2024Yield to maturity3.934%Oct 11, 2024Yield to maturity3.966%Oct 17, 2024Yield to maturity3.981%Oct 22, 2024Yield to maturity4.093%Oct 25, 2024Yield to maturity4.152%Oct 30, 2024Yield to maturity4.211%Nov 4, 2024Yield to maturity4.244%Nov 7, 2024Yield to maturity4.244%Nov 13, 2024Yield to maturity4.375%Nov 18, 2024Yield to maturity4.348%Nov 21, 2024Yield to maturity4.359%Nov 26, 2024Yield to maturity4.244%Dec 2, 2024Yield to maturity4.129%Dec 5, 2024Yield to maturity4.118%Dec 10, 2024Yield to maturity4.145%Dec 13, 2024Yield to maturity4.322%Dec 18, 2024Yield to maturity4.444%Dec 23, 2024Yield to maturity4.512%Dec 27, 2024Yield to maturity4.530%Jan 2, 2025Yield to maturity4.463%Jan 7, 2025Yield to maturity4.559%Jan 10, 2025Yield to maturity4.680%Jan 15, 2025Yield to maturity4.543%Jan 21, 2025Yield to maturity4.469%Jan 24, 2025Yield to maturity4.515%Jan 29, 2025Yield to maturity4.436%Feb 3, 2025Yield to maturity4.430%Feb 6, 2025Yield to maturity4.345%Feb 11, 2025Yield to maturity4.442%Feb 14, 2025Yield to maturity4.397%Feb 20, 2025Yield to maturity4.414%Feb 25, 2025Yield to maturity4.198%Feb 28, 2025Yield to maturity4.119%Mar 5, 2025Yield to maturity4.164%Mar 10, 2025Yield to maturity4.079%Mar 13, 2025Yield to maturity4.124%Mar 18, 2025Yield to maturity4.152%Mar 21, 2025Yield to maturity4.095%Mar 26, 2025Yield to maturity4.186%Mar 31, 2025Yield to maturity4.055%Apr 3, 2025Yield to maturity3.851%Apr 8, 2025Yield to maturity4.014%Apr 11, 2025Yield to maturity4.289%Apr 16, 2025Yield to maturity4.031%Apr 21, 2025Yield to maturity4.122%Apr 24, 2025Yield to maturity4.070%Apr 29, 2025Yield to maturity3.910%May 2, 2025Yield to maturity4.052%May 7, 2025Yield to maturity3.995%May 12, 2025Yield to maturity4.214%May 15, 2025Yield to maturity4.191%May 20, 2025Yield to maturity4.197%May 23, 2025Yield to maturity4.214%May 29, 2025Yield to maturity4.132%Jun 3, 2025Yield to maturity4.161%Jun 6, 2025Yield to maturity4.250%Jun 11, 2025Yield to maturity4.132%Jun 16, 2025Yield to maturity4.155%Jun 20, 2025Yield to maturity4.079%Jun 25, 2025Yield to maturity3.961%Jun 30, 2025Yield to maturity3.902%Jul 3, 2025Yield to maturity4.042%Jul 9, 2025Yield to maturity4.024%Jul 14, 2025Yield to maturity4.095%Jul 17, 2025Yield to maturity4.124%Jul 22, 2025Yield to maturity3.993%Jul 25, 2025Yield to maturity4.058%Jul 30, 2025Yield to maturity4.064%Aug 4, 2025Yield to maturity3.849%Aug 7, 2025Yield to maturity3.890%Aug 12, 2025Yield to maturity3.931%Aug 15, 2025Yield to maturity3.948%Aug 20, 2025Yield to maturity3.906%Aug 25, 2025Yield to maturity3.893%Aug 28, 2025Yield to maturity3.804%Sep 3, 2025Yield to maturity3.797%Sep 8, 2025Yield to maturity3.665%Sep 11, 2025Yield to maturity3.664%Sep 16, 2025Yield to maturity3.675%Sep 19, 2025Yield to maturity3.775%Sep 24, 2025Yield to maturity3.798%Sep 29, 2025Yield to maturity3.822%Oct 2, 2025Yield to maturity3.755%Oct 7, 2025Yield to maturity3.790%Oct 10, 2025Yield to maturity3.722%Oct 16, 2025Yield to maturity3.625%Oct 21, 2025Yield to maturity3.630%Oct 24, 2025Yield to maturity3.677%Oct 29, 2025Yield to maturity3.768%Nov 3, 2025Yield to maturity3.785%Nov 6, 2025Yield to maturity3.754%Nov 12, 2025Yield to maturity3.734%Nov 17, 2025Yield to maturity3.782%Nov 20, 2025Yield to maturity3.739%Nov 25, 2025Yield to maturity3.633%Dec 1, 2025Yield to maturity3.730%Dec 4, 2025Yield to maturity3.748%Dec 9, 2025Yield to maturity3.840%Dec 12, 2025Yield to maturity3.814%Dec 17, 2025Yield to maturity3.764%Dec 22, 2025Yield to maturity3.776%Dec 26, 2025Yield to maturity3.749%Dec 31, 2025Yield to maturity3.786%Jan 6, 2026Yield to maturity3.772%Jan 9, 2026Yield to maturity3.803%Jan 14, 2026Yield to maturity3.764%Jan 20, 2026Yield to maturity3.915%Jan 23, 2026Yield to maturity3.882%Jan 28, 2026Yield to maturity3.895%Feb 2, 2026Yield to maturity3.887%Feb 5, 2026Yield to maturity3.797%Feb 10, 2026Yield to maturity3.752%Feb 13, 2026Yield to maturity3.654%Feb 19, 2026Yield to maturity3.692%Feb 24, 2026Yield to maturity3.646%Feb 27, 2026Yield to maturity3.568%Mar 4, 2026Yield to maturity3.714%Mar 9, 2026Yield to maturity3.752%Mar 12, 2026Yield to maturity3.920%Mar 17, 2026Yield to maturity3.828%Mar 20, 2026Yield to maturity4.056%Mar 25, 2026Yield to maturity4.016%Mar 30, 2026Yield to maturity4.016%Apr 2, 2026Yield to maturity3.976%Apr 7, 2026Yield to maturity3.988%Apr 10, 2026Yield to maturity3.974%Apr 15, 2026Yield to maturity3.928%Apr 20, 2026Yield to maturity3.887%Apr 23, 2026Yield to maturity3.993%Apr 28, 2026Yield to maturity4.006%May 1, 2026Yield to maturity4.046%May 6, 2026Yield to maturity4.019%May 11, 2026Yield to maturity4.092%May 14, 2026Yield to maturity4.153%May 19, 2026Yield to maturity4.345%May 22, 2026Yield to maturity4.284%May 28, 2026Yield to maturity4.174%Jun 2, 2026Yield to maturity4.187%Jun 5, 2026Yield to maturity4.298%Jun 10, 2026Yield to maturity4.284%Jun 15, 2026Yield to maturity4.194%Jun 18, 2026Yield to maturity4.243%Jun 24, 2026Yield to maturity4.201%Jun 29, 2026Yield to maturity4.152%Jul 2, 2026Yield to maturity4.243%Jul 8, 2026Yield to maturity4.320%Jul 13, 2026Yield to maturity4.377%Jul 16, 2026Yield to maturity4.292%Jul 21, 2026Yield to maturity4.377%Jul 24, 2026Yield to maturity4.442%Jul 29, 2026Yield to maturity4.385%Aug 3, 2026Yield to maturity4.407%Aug 6, 2026Yield to maturity4.400%Aug 11, 2026Yield to maturity4.400%Aug 14, 2026Yield to maturity4.364%Aug 19, 2026Yield to maturity4.350%Aug 24, 2026Yield to maturity4.415%Aug 27, 2026Yield to maturity4.401%Sep 1, 2026Yield to maturity4.555%Sep 4, 2026Yield to maturity4.548%Sep 10, 2026Yield to maturity4.749%Sep 15, 2026Yield to maturity4.832%Sep 18, 2026Yield to maturity4.879%Sep 23, 2026Yield to maturity5.016%Sep 28, 2026Yield to maturity5.079%Sep 30, 2026Yield to maturity5.095%

Price history

564 trading days to Sep 30, 2026

9698100102104106Jul 1, 2024Sep 30, 2026Jul 1, 2024Close98.813Jul 5, 2024Close100.125Jul 10, 2024Close100.031Jul 15, 2024Close100.531Jul 18, 2024Close100.688Jul 23, 2024Close100.406Jul 26, 2024Close100.813Jul 31, 2024Close101.531Aug 5, 2024Close103.563Aug 8, 2024Close102.156Aug 13, 2024Close103.125Aug 16, 2024Close102.688Aug 21, 2024Close103.375Aug 26, 2024Close103.188Aug 29, 2024Close102.906Sep 4, 2024Close103.594Sep 9, 2024Close104.031Sep 12, 2024Close104.156Sep 17, 2024Close104.375Sep 20, 2024Close103.969Sep 25, 2024Close103.688Sep 30, 2024Close103.438Oct 3, 2024Close103.188Oct 8, 2024Close101.844Oct 11, 2024Close101.656Oct 17, 2024Close101.563Oct 22, 2024Close100.906Oct 25, 2024Close100.563Oct 30, 2024Close100.219Nov 4, 2024Close100.031Nov 7, 2024Close100.031Nov 13, 2024Close99.281Nov 18, 2024Close99.438Nov 21, 2024Close99.375Nov 26, 2024Close100.031Dec 2, 2024Close100.688Dec 5, 2024Close100.750Dec 10, 2024Close100.594Dec 13, 2024Close99.594Dec 18, 2024Close98.906Dec 23, 2024Close98.531Dec 27, 2024Close98.438Jan 2, 2025Close98.813Jan 7, 2025Close98.281Jan 10, 2025Close97.625Jan 15, 2025Close98.375Jan 21, 2025Close98.781Jan 24, 2025Close98.531Jan 29, 2025Close98.969Feb 3, 2025Close99.000Feb 6, 2025Close99.469Feb 11, 2025Close98.938Feb 14, 2025Close99.188Feb 20, 2025Close99.094Feb 25, 2025Close100.281Feb 28, 2025Close100.719Mar 5, 2025Close100.469Mar 10, 2025Close100.938Mar 13, 2025Close100.688Mar 18, 2025Close100.531Mar 21, 2025Close100.844Mar 26, 2025Close100.344Mar 31, 2025Close101.063Apr 3, 2025Close102.188Apr 8, 2025Close101.281Apr 11, 2025Close99.781Apr 16, 2025Close101.188Apr 21, 2025Close100.688Apr 24, 2025Close100.969Apr 29, 2025Close101.844May 2, 2025Close101.063May 7, 2025Close101.375May 12, 2025Close100.188May 15, 2025Close100.313May 20, 2025Close100.281May 23, 2025Close100.188May 29, 2025Close100.625Jun 3, 2025Close100.469Jun 6, 2025Close100.000Jun 11, 2025Close100.625Jun 16, 2025Close100.500Jun 20, 2025Close100.906Jun 25, 2025Close101.531Jun 30, 2025Close101.844Jul 3, 2025Close101.094Jul 9, 2025Close101.188Jul 14, 2025Close100.813Jul 17, 2025Close100.656Jul 22, 2025Close101.344Jul 25, 2025Close101.000Jul 30, 2025Close100.969Aug 4, 2025Close102.094Aug 7, 2025Close101.875Aug 12, 2025Close101.656Aug 15, 2025Close101.563Aug 20, 2025Close101.781Aug 25, 2025Close101.844Aug 28, 2025Close102.313Sep 3, 2025Close102.344Sep 8, 2025Close103.031Sep 11, 2025Close103.031Sep 16, 2025Close102.969Sep 19, 2025Close102.438Sep 24, 2025Close102.313Sep 29, 2025Close102.188Oct 2, 2025Close102.531Oct 7, 2025Close102.344Oct 10, 2025Close102.688Oct 16, 2025Close103.188Oct 21, 2025Close103.156Oct 24, 2025Close102.906Oct 29, 2025Close102.438Nov 3, 2025Close102.344Nov 6, 2025Close102.500Nov 12, 2025Close102.594Nov 17, 2025Close102.344Nov 20, 2025Close102.563Nov 25, 2025Close103.094Dec 1, 2025Close102.594Dec 4, 2025Close102.500Dec 9, 2025Close102.031Dec 12, 2025Close102.156Dec 17, 2025Close102.406Dec 22, 2025Close102.344Dec 26, 2025Close102.469Dec 31, 2025Close102.281Jan 6, 2026Close102.344Jan 9, 2026Close102.188Jan 14, 2026Close102.375Jan 20, 2026Close101.625Jan 23, 2026Close101.781Jan 28, 2026Close101.719Feb 2, 2026Close101.750Feb 5, 2026Close102.188Feb 10, 2026Close102.406Feb 13, 2026Close102.875Feb 19, 2026Close102.688Feb 24, 2026Close102.906Feb 27, 2026Close103.281Mar 4, 2026Close102.563Mar 9, 2026Close102.375Mar 12, 2026Close101.563Mar 17, 2026Close102.000Mar 20, 2026Close100.906Mar 25, 2026Close101.094Mar 30, 2026Close101.094Apr 2, 2026Close101.281Apr 7, 2026Close101.219Apr 10, 2026Close101.281Apr 15, 2026Close101.500Apr 20, 2026Close101.688Apr 23, 2026Close101.188Apr 28, 2026Close101.125May 1, 2026Close100.938May 6, 2026Close101.063May 11, 2026Close100.719May 14, 2026Close100.438May 19, 2026Close99.563May 22, 2026Close99.844May 28, 2026Close100.344Jun 2, 2026Close100.281Jun 5, 2026Close99.781Jun 10, 2026Close99.844Jun 15, 2026Close100.250Jun 18, 2026Close100.031Jun 24, 2026Close100.219Jun 29, 2026Close100.438Jul 2, 2026Close100.031Jul 8, 2026Close99.688Jul 13, 2026Close99.438Jul 16, 2026Close99.813Jul 21, 2026Close99.438Jul 24, 2026Close99.156Jul 29, 2026Close99.406Aug 3, 2026Close99.313Aug 6, 2026Close99.344Aug 11, 2026Close99.344Aug 14, 2026Close99.500Aug 19, 2026Close99.563Aug 24, 2026Close99.281Aug 27, 2026Close99.344Sep 1, 2026Close98.688Sep 4, 2026Close98.719Sep 10, 2026Close97.875Sep 15, 2026Close97.531Sep 18, 2026Close97.344Sep 23, 2026Close96.781Sep 28, 2026Close96.531Sep 30, 2026Close96.469
The most recent 20 trading days of prices for 91282CKW0.
DateBidOfferClose
Sep 30, 202696.57896.56396.469
Sep 29, 202696.40696.37596.563
Sep 28, 202696.48496.46996.531
Sep 25, 202696.70396.68896.875
Sep 24, 202696.70396.68896.625
Sep 23, 202696.98496.96996.781
Sep 22, 202697.48497.46997.500
Sep 21, 202697.51697.50097.469
Sep 18, 202697.35997.34497.344
Sep 17, 202697.64197.62597.688
Sep 16, 202697.76697.75097.344
Sep 15, 202697.57897.56397.531
Sep 14, 202697.70397.68897.656
Sep 11, 202697.85997.84497.719
Sep 10, 202698.01698.00097.875
Sep 9, 202698.45398.43898.438
Sep 8, 202698.67298.65698.625
Sep 4, 202698.76698.75098.719
Sep 3, 202698.95398.93898.844
Sep 2, 202698.70398.68898.688

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 91282CKW0.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Jun 27, 2024Jul 1, 2024New issue$44.0bn$45.5bn2.58x4.276%

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.