Treasury note

91282CLD1 · 4.125% due July 31, 2031

Original term
7-Year
Maturity
Jul 31, 2031
Coupon
4.125%
Pays
Semi-Annual
Dated
Jul 31, 2024
First coupon
Jan 31, 2025
Priced through
Nov 9, 2026
Analyzed through
Nov 9, 2026

Statement of October 31, 2026

Amount outstanding
$45.99bn
Held stripped
$1.6m
Share stripped
<0.01%

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
4.675%
Modified duration
4.187 yr
DV01
0.0414
Convexity
0.207
Dirty price
98.831

Where its rate sensitivity sits

<.01
0.01
0.03
0.08
0.71
3.45
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 4.283 years against a modified duration of 4.187.

Against the fitted curve

Priced 0.0 bp rich to the curve on that day, 0.02 cents per 100 of face.

That is -0.57 standard deviations from its own typical residual.

Yield to maturity, 569 observations

3.50%3.75%4.00%4.25%4.50%4.75%5.00%5.25%Jul 31, 2024Nov 9, 2026Jul 31, 2024Yield to maturity3.996%Aug 5, 2024Yield to maturity3.665%Aug 8, 2024Yield to maturity3.893%Aug 13, 2024Yield to maturity3.734%Aug 16, 2024Yield to maturity3.805%Aug 21, 2024Yield to maturity3.692%Aug 26, 2024Yield to maturity3.722%Aug 29, 2024Yield to maturity3.763%Sep 4, 2024Yield to maturity3.650%Sep 9, 2024Yield to maturity3.578%Sep 12, 2024Yield to maturity3.562%Sep 17, 2024Yield to maturity3.525%Sep 20, 2024Yield to maturity3.590%Sep 25, 2024Yield to maturity3.636%Sep 30, 2024Yield to maturity3.671%Oct 3, 2024Yield to maturity3.711%Oct 8, 2024Yield to maturity3.934%Oct 11, 2024Yield to maturity3.971%Oct 17, 2024Yield to maturity3.986%Oct 22, 2024Yield to maturity4.097%Oct 25, 2024Yield to maturity4.156%Oct 30, 2024Yield to maturity4.210%Nov 4, 2024Yield to maturity4.248%Nov 7, 2024Yield to maturity4.248%Nov 13, 2024Yield to maturity4.379%Nov 18, 2024Yield to maturity4.352%Nov 21, 2024Yield to maturity4.363%Nov 26, 2024Yield to maturity4.243%Dec 2, 2024Yield to maturity4.135%Dec 5, 2024Yield to maturity4.119%Dec 10, 2024Yield to maturity4.151%Dec 13, 2024Yield to maturity4.321%Dec 18, 2024Yield to maturity4.449%Dec 23, 2024Yield to maturity4.517%Dec 27, 2024Yield to maturity4.529%Jan 2, 2025Yield to maturity4.462%Jan 7, 2025Yield to maturity4.558%Jan 10, 2025Yield to maturity4.684%Jan 15, 2025Yield to maturity4.543%Jan 21, 2025Yield to maturity4.470%Jan 24, 2025Yield to maturity4.516%Jan 29, 2025Yield to maturity4.438%Feb 3, 2025Yield to maturity4.438%Feb 6, 2025Yield to maturity4.348%Feb 11, 2025Yield to maturity4.445%Feb 14, 2025Yield to maturity4.394%Feb 20, 2025Yield to maturity4.417%Feb 25, 2025Yield to maturity4.203%Feb 28, 2025Yield to maturity4.119%Mar 5, 2025Yield to maturity4.164%Mar 10, 2025Yield to maturity4.080%Mar 13, 2025Yield to maturity4.124%Mar 18, 2025Yield to maturity4.158%Mar 21, 2025Yield to maturity4.096%Mar 26, 2025Yield to maturity4.192%Mar 31, 2025Yield to maturity4.062%Apr 3, 2025Yield to maturity3.855%Apr 8, 2025Yield to maturity4.022%Apr 11, 2025Yield to maturity4.296%Apr 16, 2025Yield to maturity4.039%Apr 22, 2025Yield to maturity4.141%Apr 25, 2025Yield to maturity4.027%Apr 30, 2025Yield to maturity3.874%May 5, 2025Yield to maturity4.084%May 8, 2025Yield to maturity4.136%May 13, 2025Yield to maturity4.251%May 16, 2025Yield to maturity4.188%May 21, 2025Yield to maturity4.292%May 27, 2025Yield to maturity4.159%May 30, 2025Yield to maturity4.113%Jun 4, 2025Yield to maturity4.066%Jun 9, 2025Yield to maturity4.217%Jun 12, 2025Yield to maturity4.084%Jun 17, 2025Yield to maturity4.101%Jun 23, 2025Yield to maturity4.025%Jun 26, 2025Yield to maturity3.921%Jul 1, 2025Yield to maturity3.950%Jul 7, 2025Yield to maturity4.078%Jul 10, 2025Yield to maturity4.042%Jul 15, 2025Yield to maturity4.172%Jul 18, 2025Yield to maturity4.089%Jul 23, 2025Yield to maturity4.060%Jul 28, 2025Yield to maturity4.089%Jul 31, 2025Yield to maturity4.060%Aug 5, 2025Yield to maturity3.877%Aug 8, 2025Yield to maturity3.941%Aug 13, 2025Yield to maturity3.882%Aug 18, 2025Yield to maturity3.970%Aug 21, 2025Yield to maturity3.970%Aug 26, 2025Yield to maturity3.857%Aug 29, 2025Yield to maturity3.815%Sep 4, 2025Yield to maturity3.761%Sep 9, 2025Yield to maturity3.702%Sep 12, 2025Yield to maturity3.718%Sep 17, 2025Yield to maturity3.712%Sep 22, 2025Yield to maturity3.794%Sep 25, 2025Yield to maturity3.853%Sep 30, 2025Yield to maturity3.829%Oct 3, 2025Yield to maturity3.804%Oct 8, 2025Yield to maturity3.810%Oct 14, 2025Yield to maturity3.689%Oct 17, 2025Yield to maturity3.676%Oct 22, 2025Yield to maturity3.634%Oct 27, 2025Yield to maturity3.693%Oct 30, 2025Yield to maturity3.795%Nov 4, 2025Yield to maturity3.770%Nov 7, 2025Yield to maturity3.757%Nov 13, 2025Yield to maturity3.781%Nov 18, 2025Yield to maturity3.768%Nov 21, 2025Yield to maturity3.694%Nov 26, 2025Yield to maturity3.645%Dec 2, 2025Yield to maturity3.729%Dec 5, 2025Yield to maturity3.783%Dec 10, 2025Yield to maturity3.795%Dec 15, 2025Yield to maturity3.807%Dec 18, 2025Yield to maturity3.733%Dec 23, 2025Yield to maturity3.806%Dec 29, 2025Yield to maturity3.737%Jan 2, 2026Yield to maturity3.804%Jan 7, 2026Yield to maturity3.754%Jan 12, 2026Yield to maturity3.822%Jan 15, 2026Yield to maturity3.822%Jan 21, 2026Yield to maturity3.896%Jan 26, 2026Yield to maturity3.877%Jan 29, 2026Yield to maturity3.864%Feb 3, 2026Yield to maturity3.889%Feb 6, 2026Yield to maturity3.812%Feb 11, 2026Yield to maturity3.799%Feb 17, 2026Yield to maturity3.678%Feb 20, 2026Yield to maturity3.702%Feb 25, 2026Yield to maturity3.670%Mar 2, 2026Yield to maturity3.669%Mar 5, 2026Yield to maturity3.770%Mar 10, 2026Yield to maturity3.782%Mar 13, 2026Yield to maturity3.923%Mar 18, 2026Yield to maturity3.916%Mar 23, 2026Yield to maturity4.006%Mar 26, 2026Yield to maturity4.137%Mar 31, 2026Yield to maturity3.967%Apr 3, 2026Yield to maturity4.032%Apr 8, 2026Yield to maturity3.959%Apr 13, 2026Yield to maturity3.959%Apr 16, 2026Yield to maturity3.952%Apr 21, 2026Yield to maturity3.945%Apr 24, 2026Yield to maturity3.951%Apr 29, 2026Yield to maturity4.084%May 4, 2026Yield to maturity4.117%May 7, 2026Yield to maturity4.070%May 12, 2026Yield to maturity4.151%May 15, 2026Yield to maturity4.286%May 20, 2026Yield to maturity4.252%May 26, 2026Yield to maturity4.212%May 29, 2026Yield to maturity4.165%Jun 3, 2026Yield to maturity4.233%Jun 8, 2026Yield to maturity4.302%Jun 11, 2026Yield to maturity4.192%Jun 16, 2026Yield to maturity4.165%Jun 22, 2026Yield to maturity4.303%Jun 25, 2026Yield to maturity4.172%Jun 30, 2026Yield to maturity4.207%Jul 6, 2026Yield to maturity4.221%Jul 9, 2026Yield to maturity4.284%Jul 14, 2026Yield to maturity4.320%Jul 17, 2026Yield to maturity4.292%Jul 22, 2026Yield to maturity4.426%Jul 27, 2026Yield to maturity4.420%Jul 30, 2026Yield to maturity4.399%Aug 4, 2026Yield to maturity4.343%Aug 7, 2026Yield to maturity4.358%Aug 12, 2026Yield to maturity4.386%Aug 17, 2026Yield to maturity4.387%Aug 20, 2026Yield to maturity4.394%Aug 25, 2026Yield to maturity4.359%Aug 28, 2026Yield to maturity4.496%Sep 2, 2026Yield to maturity4.555%Sep 8, 2026Yield to maturity4.578%Sep 11, 2026Yield to maturity4.792%Sep 16, 2026Yield to maturity4.874%Sep 21, 2026Yield to maturity4.846%Sep 24, 2026Yield to maturity5.057%Sep 29, 2026Yield to maturity5.074%Oct 2, 2026Yield to maturity5.069%Oct 7, 2026Yield to maturity5.040%Oct 13, 2026Yield to maturity5.020%Oct 16, 2026Yield to maturity4.902%Oct 21, 2026Yield to maturity4.963%Oct 26, 2026Yield to maturity4.844%Oct 29, 2026Yield to maturity4.800%Nov 3, 2026Yield to maturity4.749%Nov 6, 2026Yield to maturity4.652%Nov 9, 2026Yield to maturity4.675%

Price history

569 trading days to Nov 9, 2026

949698100102104Jul 31, 2024Nov 9, 2026Jul 31, 2024Close100.781Aug 5, 2024Close102.813Aug 8, 2024Close101.406Aug 13, 2024Close102.375Aug 16, 2024Close101.938Aug 21, 2024Close102.625Aug 26, 2024Close102.438Aug 29, 2024Close102.188Sep 4, 2024Close102.875Sep 9, 2024Close103.313Sep 12, 2024Close103.406Sep 17, 2024Close103.625Sep 20, 2024Close103.219Sep 25, 2024Close102.938Sep 30, 2024Close102.719Oct 3, 2024Close102.469Oct 8, 2024Close101.125Oct 11, 2024Close100.906Oct 17, 2024Close100.813Oct 22, 2024Close100.156Oct 25, 2024Close99.813Oct 30, 2024Close99.500Nov 4, 2024Close99.281Nov 7, 2024Close99.281Nov 13, 2024Close98.531Nov 18, 2024Close98.688Nov 21, 2024Close98.625Nov 26, 2024Close99.313Dec 2, 2024Close99.938Dec 5, 2024Close100.031Dec 10, 2024Close99.844Dec 13, 2024Close98.875Dec 18, 2024Close98.156Dec 23, 2024Close97.781Dec 27, 2024Close97.719Jan 2, 2025Close98.094Jan 7, 2025Close97.563Jan 10, 2025Close96.875Jan 15, 2025Close97.656Jan 21, 2025Close98.063Jan 24, 2025Close97.813Jan 29, 2025Close98.250Feb 3, 2025Close98.250Feb 6, 2025Close98.750Feb 11, 2025Close98.219Feb 14, 2025Close98.500Feb 20, 2025Close98.375Feb 25, 2025Close99.563Feb 28, 2025Close100.031Mar 5, 2025Close99.781Mar 10, 2025Close100.250Mar 13, 2025Close100.000Mar 18, 2025Close99.813Mar 21, 2025Close100.156Mar 26, 2025Close99.625Mar 31, 2025Close100.344Apr 3, 2025Close101.500Apr 8, 2025Close100.563Apr 11, 2025Close99.063Apr 16, 2025Close100.469Apr 22, 2025Close99.906Apr 25, 2025Close100.531Apr 30, 2025Close101.375May 5, 2025Close100.219May 8, 2025Close99.938May 13, 2025Close99.313May 16, 2025Close99.656May 21, 2025Close99.094May 27, 2025Close99.813May 30, 2025Close100.063Jun 4, 2025Close100.313Jun 9, 2025Close99.500Jun 12, 2025Close100.219Jun 17, 2025Close100.125Jun 23, 2025Close100.531Jun 26, 2025Close101.094Jul 1, 2025Close100.938Jul 7, 2025Close100.250Jul 10, 2025Close100.438Jul 15, 2025Close99.750Jul 18, 2025Close100.188Jul 23, 2025Close100.344Jul 28, 2025Close100.188Jul 31, 2025Close100.344Aug 5, 2025Close101.313Aug 8, 2025Close100.969Aug 13, 2025Close101.281Aug 18, 2025Close100.813Aug 21, 2025Close100.813Aug 26, 2025Close101.406Aug 29, 2025Close101.625Sep 4, 2025Close101.906Sep 9, 2025Close102.219Sep 12, 2025Close102.125Sep 17, 2025Close102.156Sep 22, 2025Close101.719Sep 25, 2025Close101.406Sep 30, 2025Close101.531Oct 3, 2025Close101.656Oct 8, 2025Close101.625Oct 14, 2025Close102.250Oct 17, 2025Close102.313Oct 22, 2025Close102.531Oct 27, 2025Close102.219Oct 30, 2025Close101.688Nov 4, 2025Close101.813Nov 7, 2025Close101.875Nov 13, 2025Close101.750Nov 18, 2025Close101.813Nov 21, 2025Close102.188Nov 26, 2025Close102.438Dec 2, 2025Close102.000Dec 5, 2025Close101.719Dec 10, 2025Close101.656Dec 15, 2025Close101.594Dec 18, 2025Close101.969Dec 23, 2025Close101.594Dec 29, 2025Close101.938Jan 2, 2026Close101.594Jan 7, 2026Close101.844Jan 12, 2026Close101.500Jan 15, 2026Close101.500Jan 21, 2026Close101.125Jan 26, 2026Close101.219Jan 29, 2026Close101.281Feb 3, 2026Close101.156Feb 6, 2026Close101.531Feb 11, 2026Close101.594Feb 17, 2026Close102.188Feb 20, 2026Close102.063Feb 25, 2026Close102.219Mar 2, 2026Close102.219Mar 5, 2026Close101.719Mar 10, 2026Close101.656Mar 13, 2026Close100.969Mar 18, 2026Close101.000Mar 23, 2026Close100.563Mar 26, 2026Close99.938Mar 31, 2026Close100.750Apr 3, 2026Close100.438Apr 8, 2026Close100.781Apr 13, 2026Close100.781Apr 16, 2026Close100.813Apr 21, 2026Close100.844Apr 24, 2026Close100.813Apr 29, 2026Close100.188May 4, 2026Close100.031May 7, 2026Close100.250May 12, 2026Close99.875May 15, 2026Close99.250May 20, 2026Close99.406May 26, 2026Close99.594May 29, 2026Close99.813Jun 3, 2026Close99.500Jun 8, 2026Close99.188Jun 11, 2026Close99.688Jun 16, 2026Close99.813Jun 22, 2026Close99.188Jun 25, 2026Close99.781Jun 30, 2026Close99.625Jul 6, 2026Close99.563Jul 9, 2026Close99.281Jul 14, 2026Close99.125Jul 17, 2026Close99.250Jul 22, 2026Close98.656Jul 27, 2026Close98.688Jul 30, 2026Close98.781Aug 4, 2026Close99.031Aug 7, 2026Close98.969Aug 12, 2026Close98.844Aug 17, 2026Close98.844Aug 20, 2026Close98.813Aug 25, 2026Close98.969Aug 28, 2026Close98.375Sep 2, 2026Close98.125Sep 8, 2026Close98.031Sep 11, 2026Close97.125Sep 16, 2026Close96.781Sep 21, 2026Close96.906Sep 24, 2026Close96.031Sep 29, 2026Close95.969Oct 2, 2026Close96.000Oct 7, 2026Close96.125Oct 13, 2026Close96.219Oct 16, 2026Close96.719Oct 21, 2026Close96.469Oct 26, 2026Close96.969Oct 29, 2026Close97.156Nov 3, 2026Close97.375Nov 6, 2026Close97.781Nov 9, 2026Close97.688
The most recent 20 trading days of prices for 91282CLD1.
DateBidOfferClose
Nov 9, 202697.65697.68897.688
Nov 6, 202697.75097.78197.781
Nov 5, 202697.84497.85997.969
Nov 4, 202697.50097.53197.625
Nov 3, 202697.43897.45397.375
Nov 2, 202697.59497.60997.531
Oct 30, 202697.34497.35997.469
Oct 29, 202697.15697.18897.156
Oct 28, 202696.81396.82896.844
Oct 27, 202696.96996.98496.938
Oct 26, 202697.00097.01696.969
Oct 23, 202697.03197.04797.063
Oct 22, 202696.96996.98497.188
Oct 21, 202696.56396.57896.469
Oct 20, 202696.59496.60996.531
Oct 19, 202696.56396.57896.500
Oct 16, 202696.71996.75096.719
Oct 15, 202696.59496.60996.625
Oct 14, 202696.00096.01696.250
Oct 13, 202696.18896.20396.219

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 91282CLD1.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Jul 25, 2024Jul 31, 2024New issue$44.0bn$46.4bn2.64x4.162%

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.