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
Nov 9, 2026
Analyzed through
Nov 9, 2026

Statement of October 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, November 9, 2026

Yield to maturity
4.673%
Modified duration
4.095 yr
DV01
0.0409
Convexity
0.2
Dirty price
99.786

Where its rate sensitivity sits

<.01
0.01
0.04
0.08
0.86
3.20
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 4.187 years against a modified duration of 4.095.

Against the fitted curve

Priced 0.0 bp cheap to the curve on that day, 0.16 cents per 100 of face.

That is -0.45 standard deviations from its own typical residual.

Yield to maturity, 590 observations

3.0%3.5%4.0%4.5%5.0%5.5%Jul 1, 2024Nov 9, 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 22, 2025Yield to maturity4.134%Apr 25, 2025Yield to maturity4.024%Apr 30, 2025Yield to maturity3.870%May 5, 2025Yield to maturity4.075%May 8, 2025Yield to maturity4.127%May 13, 2025Yield to maturity4.243%May 16, 2025Yield to maturity4.179%May 21, 2025Yield to maturity4.284%May 27, 2025Yield to maturity4.150%May 30, 2025Yield to maturity4.109%Jun 4, 2025Yield to maturity4.062%Jun 9, 2025Yield to maturity4.214%Jun 12, 2025Yield to maturity4.073%Jun 17, 2025Yield to maturity4.096%Jun 23, 2025Yield to maturity4.020%Jun 26, 2025Yield to maturity3.914%Jul 1, 2025Yield to maturity3.943%Jul 7, 2025Yield to maturity4.072%Jul 10, 2025Yield to maturity4.036%Jul 15, 2025Yield to maturity4.166%Jul 18, 2025Yield to maturity4.076%Jul 23, 2025Yield to maturity4.052%Jul 28, 2025Yield to maturity4.082%Jul 31, 2025Yield to maturity4.057%Aug 5, 2025Yield to maturity3.867%Aug 8, 2025Yield to maturity3.931%Aug 13, 2025Yield to maturity3.872%Aug 18, 2025Yield to maturity3.960%Aug 21, 2025Yield to maturity3.960%Aug 26, 2025Yield to maturity3.852%Aug 29, 2025Yield to maturity3.803%Sep 4, 2025Yield to maturity3.749%Sep 9, 2025Yield to maturity3.694%Sep 12, 2025Yield to maturity3.711%Sep 17, 2025Yield to maturity3.704%Sep 22, 2025Yield to maturity3.787%Sep 25, 2025Yield to maturity3.840%Sep 30, 2025Yield to maturity3.821%Oct 3, 2025Yield to maturity3.796%Oct 8, 2025Yield to maturity3.802%Oct 14, 2025Yield to maturity3.680%Oct 17, 2025Yield to maturity3.667%Oct 22, 2025Yield to maturity3.630%Oct 27, 2025Yield to maturity3.683%Oct 30, 2025Yield to maturity3.786%Nov 4, 2025Yield to maturity3.760%Nov 7, 2025Yield to maturity3.741%Nov 13, 2025Yield to maturity3.771%Nov 18, 2025Yield to maturity3.764%Nov 21, 2025Yield to maturity3.683%Nov 26, 2025Yield to maturity3.633%Dec 2, 2025Yield to maturity3.724%Dec 5, 2025Yield to maturity3.778%Dec 10, 2025Yield to maturity3.784%Dec 15, 2025Yield to maturity3.796%Dec 18, 2025Yield to maturity3.727%Dec 23, 2025Yield to maturity3.800%Dec 29, 2025Yield to maturity3.731%Jan 2, 2026Yield to maturity3.798%Jan 7, 2026Yield to maturity3.747%Jan 12, 2026Yield to maturity3.809%Jan 15, 2026Yield to maturity3.815%Jan 21, 2026Yield to maturity3.883%Jan 26, 2026Yield to maturity3.869%Jan 29, 2026Yield to maturity3.856%Feb 3, 2026Yield to maturity3.881%Feb 6, 2026Yield to maturity3.803%Feb 11, 2026Yield to maturity3.796%Feb 17, 2026Yield to maturity3.673%Feb 20, 2026Yield to maturity3.691%Feb 25, 2026Yield to maturity3.665%Mar 2, 2026Yield to maturity3.663%Mar 5, 2026Yield to maturity3.759%Mar 10, 2026Yield to maturity3.771%Mar 13, 2026Yield to maturity3.919%Mar 18, 2026Yield to maturity3.906%Mar 23, 2026Yield to maturity4.003%Mar 26, 2026Yield to maturity4.135%Mar 31, 2026Yield to maturity3.963%Apr 3, 2026Yield to maturity4.022%Apr 8, 2026Yield to maturity3.955%Apr 13, 2026Yield to maturity3.954%Apr 16, 2026Yield to maturity3.947%Apr 21, 2026Yield to maturity3.940%Apr 24, 2026Yield to maturity3.946%Apr 29, 2026Yield to maturity4.080%May 4, 2026Yield to maturity4.113%May 7, 2026Yield to maturity4.066%May 12, 2026Yield to maturity4.147%May 15, 2026Yield to maturity4.283%May 20, 2026Yield to maturity4.242%May 26, 2026Yield to maturity4.208%May 29, 2026Yield to maturity4.160%Jun 3, 2026Yield to maturity4.229%Jun 8, 2026Yield to maturity4.298%Jun 11, 2026Yield to maturity4.187%Jun 16, 2026Yield to maturity4.166%Jun 22, 2026Yield to maturity4.299%Jun 25, 2026Yield to maturity4.173%Jun 30, 2026Yield to maturity4.208%Jul 6, 2026Yield to maturity4.222%Jul 9, 2026Yield to maturity4.285%Jul 14, 2026Yield to maturity4.320%Jul 17, 2026Yield to maturity4.285%Jul 22, 2026Yield to maturity4.427%Jul 27, 2026Yield to maturity4.413%Jul 30, 2026Yield to maturity4.392%Aug 4, 2026Yield to maturity4.342%Aug 7, 2026Yield to maturity4.349%Aug 12, 2026Yield to maturity4.378%Aug 17, 2026Yield to maturity4.379%Aug 20, 2026Yield to maturity4.386%Aug 25, 2026Yield to maturity4.357%Aug 28, 2026Yield to maturity4.496%Sep 2, 2026Yield to maturity4.555%Sep 8, 2026Yield to maturity4.571%Sep 11, 2026Yield to maturity4.787%Sep 16, 2026Yield to maturity4.878%Sep 21, 2026Yield to maturity4.849%Sep 24, 2026Yield to maturity5.055%Sep 29, 2026Yield to maturity5.072%Oct 2, 2026Yield to maturity5.066%Oct 7, 2026Yield to maturity5.029%Oct 13, 2026Yield to maturity5.016%Oct 16, 2026Yield to maturity4.896%Oct 21, 2026Yield to maturity4.958%Oct 26, 2026Yield to maturity4.845%Oct 29, 2026Yield to maturity4.800%Nov 3, 2026Yield to maturity4.748%Nov 6, 2026Yield to maturity4.650%Nov 9, 2026Yield to maturity4.673%

Price history

590 trading days to Nov 9, 2026

9698100102104106Jul 1, 2024Nov 9, 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 22, 2025Close100.625Apr 25, 2025Close101.219Apr 30, 2025Close102.063May 5, 2025Close100.938May 8, 2025Close100.656May 13, 2025Close100.031May 16, 2025Close100.375May 21, 2025Close99.813May 27, 2025Close100.531May 30, 2025Close100.750Jun 4, 2025Close101.000Jun 9, 2025Close100.188Jun 12, 2025Close100.938Jun 17, 2025Close100.813Jun 23, 2025Close101.219Jun 26, 2025Close101.781Jul 1, 2025Close101.625Jul 7, 2025Close100.938Jul 10, 2025Close101.125Jul 15, 2025Close100.438Jul 18, 2025Close100.906Jul 23, 2025Close101.031Jul 28, 2025Close100.875Jul 31, 2025Close101.000Aug 5, 2025Close102.000Aug 8, 2025Close101.656Aug 13, 2025Close101.969Aug 18, 2025Close101.500Aug 21, 2025Close101.500Aug 26, 2025Close102.063Aug 29, 2025Close102.313Sep 4, 2025Close102.594Sep 9, 2025Close102.875Sep 12, 2025Close102.781Sep 17, 2025Close102.813Sep 22, 2025Close102.375Sep 25, 2025Close102.094Sep 30, 2025Close102.188Oct 3, 2025Close102.313Oct 8, 2025Close102.281Oct 14, 2025Close102.906Oct 17, 2025Close102.969Oct 22, 2025Close103.156Oct 27, 2025Close102.875Oct 30, 2025Close102.344Nov 4, 2025Close102.469Nov 7, 2025Close102.563Nov 13, 2025Close102.406Nov 18, 2025Close102.438Nov 21, 2025Close102.844Nov 26, 2025Close103.094Dec 2, 2025Close102.625Dec 5, 2025Close102.344Dec 10, 2025Close102.313Dec 15, 2025Close102.250Dec 18, 2025Close102.594Dec 23, 2025Close102.219Dec 29, 2025Close102.563Jan 2, 2026Close102.219Jan 7, 2026Close102.469Jan 12, 2026Close102.156Jan 15, 2026Close102.125Jan 21, 2026Close101.781Jan 26, 2026Close101.844Jan 29, 2026Close101.906Feb 3, 2026Close101.781Feb 6, 2026Close102.156Feb 11, 2026Close102.188Feb 17, 2026Close102.781Feb 20, 2026Close102.688Feb 25, 2026Close102.813Mar 2, 2026Close102.813Mar 5, 2026Close102.344Mar 10, 2026Close102.281Mar 13, 2026Close101.563Mar 18, 2026Close101.625Mar 23, 2026Close101.156Mar 26, 2026Close100.531Mar 31, 2026Close101.344Apr 3, 2026Close101.063Apr 8, 2026Close101.375Apr 13, 2026Close101.375Apr 16, 2026Close101.406Apr 21, 2026Close101.438Apr 24, 2026Close101.406Apr 29, 2026Close100.781May 4, 2026Close100.625May 7, 2026Close100.844May 12, 2026Close100.469May 15, 2026Close99.844May 20, 2026Close100.031May 26, 2026Close100.188May 29, 2026Close100.406Jun 3, 2026Close100.094Jun 8, 2026Close99.781Jun 11, 2026Close100.281Jun 16, 2026Close100.375Jun 22, 2026Close99.781Jun 25, 2026Close100.344Jun 30, 2026Close100.188Jul 6, 2026Close100.125Jul 9, 2026Close99.844Jul 14, 2026Close99.688Jul 17, 2026Close99.844Jul 22, 2026Close99.219Jul 27, 2026Close99.281Jul 30, 2026Close99.375Aug 4, 2026Close99.594Aug 7, 2026Close99.563Aug 12, 2026Close99.438Aug 17, 2026Close99.438Aug 20, 2026Close99.406Aug 25, 2026Close99.531Aug 28, 2026Close98.938Sep 2, 2026Close98.688Sep 8, 2026Close98.625Sep 11, 2026Close97.719Sep 16, 2026Close97.344Sep 21, 2026Close97.469Sep 24, 2026Close96.625Sep 29, 2026Close96.563Oct 2, 2026Close96.594Oct 7, 2026Close96.750Oct 13, 2026Close96.813Oct 16, 2026Close97.313Oct 21, 2026Close97.063Oct 26, 2026Close97.531Oct 29, 2026Close97.719Nov 3, 2026Close97.938Nov 6, 2026Close98.344Nov 9, 2026Close98.250
The most recent 20 trading days of prices for 91282CKW0.
DateBidOfferClose
Nov 9, 202698.21998.23498.250
Nov 6, 202698.31398.32898.344
Nov 5, 202698.37598.40698.531
Nov 4, 202698.06398.09498.156
Nov 3, 202697.96998.00097.938
Nov 2, 202698.15698.17298.094
Oct 30, 202697.90697.93898.031
Oct 29, 202697.75097.76697.719
Oct 28, 202697.37597.39197.438
Oct 27, 202697.56397.57897.531
Oct 26, 202697.56397.59497.531
Oct 23, 202697.59497.62597.625
Oct 22, 202697.53197.54797.750
Oct 21, 202697.15697.17297.063
Oct 20, 202697.18897.20397.125
Oct 19, 202697.12597.15697.094
Oct 16, 202697.31397.32897.313
Oct 15, 202697.15697.18897.188
Oct 14, 202696.59496.60996.844
Oct 13, 202696.78196.79796.813

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 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.

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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.