Treasury note

91282CLG4 · 3.75% due August 15, 2027

Original term
3-Year
Maturity
Aug 15, 2027
Coupon
3.750%
Pays
Semi-Annual
Dated
Aug 15, 2024
First coupon
Feb 15, 2025
Priced through
Nov 9, 2026
Analyzed through
Nov 9, 2026

Statement of October 31, 2026

Amount outstanding
$63.72bn
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
4.374%
Modified duration
0.738 yr
DV01
0.0074
Convexity
0.00911
Dirty price
100.418

Where its rate sensitivity sits

<.01
0.36
0.39
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 0.752 years against a modified duration of 0.738.

Against the fitted curve

Priced 0.8 bp cheap to the curve on that day, 0.62 cents per 100 of face.

That is -0.10 standard deviations from its own typical residual.

Yield to maturity, 558 observations

3.25%3.50%3.75%4.00%4.25%4.50%4.75%Aug 15, 2024Nov 9, 2026Aug 15, 2024Yield to maturity3.895%Aug 20, 2024Yield to maturity3.806%Aug 23, 2024Yield to maturity3.727%Aug 28, 2024Yield to maturity3.727%Sep 3, 2024Yield to maturity3.738%Sep 6, 2024Yield to maturity3.546%Sep 11, 2024Yield to maturity3.489%Sep 16, 2024Yield to maturity3.442%Sep 19, 2024Yield to maturity3.498%Sep 24, 2024Yield to maturity3.451%Sep 27, 2024Yield to maturity3.495%Oct 2, 2024Yield to maturity3.564%Oct 7, 2024Yield to maturity3.912%Oct 10, 2024Yield to maturity3.913%Oct 16, 2024Yield to maturity3.854%Oct 21, 2024Yield to maturity3.962%Oct 24, 2024Yield to maturity4.022%Oct 29, 2024Yield to maturity4.083%Nov 1, 2024Yield to maturity4.181%Nov 6, 2024Yield to maturity4.243%Nov 12, 2024Yield to maturity4.319%Nov 15, 2024Yield to maturity4.285%Nov 20, 2024Yield to maturity4.274%Nov 25, 2024Yield to maturity4.227%Nov 29, 2024Yield to maturity4.118%Dec 4, 2024Yield to maturity4.107%Dec 9, 2024Yield to maturity4.096%Dec 12, 2024Yield to maturity4.172%Dec 17, 2024Yield to maturity4.238%Dec 20, 2024Yield to maturity4.316%Dec 26, 2024Yield to maturity4.357%Dec 31, 2024Yield to maturity4.271%Jan 6, 2025Yield to maturity4.312%Jan 9, 2025Yield to maturity4.314%Jan 14, 2025Yield to maturity4.434%Jan 17, 2025Yield to maturity4.320%Jan 23, 2025Yield to maturity4.335%Jan 28, 2025Yield to maturity4.233%Jan 31, 2025Yield to maturity4.262%Feb 5, 2025Yield to maturity4.198%Feb 10, 2025Yield to maturity4.294%Feb 13, 2025Yield to maturity4.336%Feb 19, 2025Yield to maturity4.299%Feb 24, 2025Yield to maturity4.180%Feb 27, 2025Yield to maturity4.072%Mar 4, 2025Yield to maturity3.965%Mar 7, 2025Yield to maturity4.007%Mar 12, 2025Yield to maturity3.994%Mar 17, 2025Yield to maturity4.051%Mar 20, 2025Yield to maturity3.941%Mar 25, 2025Yield to maturity3.998%Mar 28, 2025Yield to maturity3.915%Apr 2, 2025Yield to maturity3.916%Apr 7, 2025Yield to maturity3.734%Apr 10, 2025Yield to maturity3.875%Apr 15, 2025Yield to maturity3.861%Apr 21, 2025Yield to maturity3.762%Apr 24, 2025Yield to maturity3.805%Apr 29, 2025Yield to maturity3.648%May 2, 2025Yield to maturity3.835%May 7, 2025Yield to maturity3.777%May 12, 2025Yield to maturity3.996%May 15, 2025Yield to maturity3.968%May 20, 2025Yield to maturity3.954%May 23, 2025Yield to maturity4.000%May 29, 2025Yield to maturity3.941%Jun 3, 2025Yield to maturity3.958%Jun 6, 2025Yield to maturity4.035%Jun 11, 2025Yield to maturity3.945%Jun 16, 2025Yield to maturity3.961%Jun 20, 2025Yield to maturity3.901%Jun 25, 2025Yield to maturity3.779%Jun 30, 2025Yield to maturity3.733%Jul 3, 2025Yield to maturity3.904%Jul 9, 2025Yield to maturity3.858%Jul 14, 2025Yield to maturity3.890%Jul 17, 2025Yield to maturity3.923%Jul 22, 2025Yield to maturity3.828%Jul 25, 2025Yield to maturity3.909%Jul 30, 2025Yield to maturity3.942%Aug 4, 2025Yield to maturity3.685%Aug 7, 2025Yield to maturity3.733%Aug 12, 2025Yield to maturity3.734%Aug 15, 2025Yield to maturity3.750%Aug 20, 2025Yield to maturity3.733%Aug 25, 2025Yield to maturity3.733%Aug 28, 2025Yield to maturity3.666%Sep 3, 2025Yield to maturity3.632%Sep 8, 2025Yield to maturity3.513%Sep 11, 2025Yield to maturity3.545%Sep 16, 2025Yield to maturity3.527%Sep 19, 2025Yield to maturity3.594%Sep 24, 2025Yield to maturity3.628%Sep 29, 2025Yield to maturity3.661%Oct 2, 2025Yield to maturity3.556%Oct 7, 2025Yield to maturity3.590%Oct 10, 2025Yield to maturity3.535%Oct 16, 2025Yield to maturity3.446%Oct 21, 2025Yield to maturity3.479%Oct 24, 2025Yield to maturity3.495%Oct 29, 2025Yield to maturity3.621%Nov 3, 2025Yield to maturity3.620%Nov 6, 2025Yield to maturity3.582%Nov 12, 2025Yield to maturity3.581%Nov 17, 2025Yield to maturity3.635%Nov 20, 2025Yield to maturity3.579%Nov 25, 2025Yield to maturity3.502%Dec 1, 2025Yield to maturity3.576%Dec 4, 2025Yield to maturity3.556%Dec 9, 2025Yield to maturity3.632%Dec 12, 2025Yield to maturity3.534%Dec 17, 2025Yield to maturity3.494%Dec 22, 2025Yield to maturity3.512%Dec 26, 2025Yield to maturity3.490%Dec 31, 2025Yield to maturity3.488%Jan 6, 2026Yield to maturity3.486%Jan 9, 2026Yield to maturity3.545%Jan 14, 2026Yield to maturity3.523%Jan 20, 2026Yield to maturity3.604%Jan 23, 2026Yield to maturity3.603%Jan 28, 2026Yield to maturity3.581%Feb 2, 2026Yield to maturity3.559%Feb 5, 2026Yield to maturity3.474%Feb 10, 2026Yield to maturity3.471%Feb 13, 2026Yield to maturity3.425%Feb 19, 2026Yield to maturity3.489%Feb 24, 2026Yield to maturity3.508%Feb 27, 2026Yield to maturity3.439%Mar 4, 2026Yield to maturity3.593%Mar 9, 2026Yield to maturity3.591%Mar 12, 2026Yield to maturity3.771%Mar 17, 2026Yield to maturity3.702%Mar 20, 2026Yield to maturity3.956%Mar 25, 2026Yield to maturity3.911%Mar 30, 2026Yield to maturity3.865%Apr 2, 2026Yield to maturity3.818%Apr 7, 2026Yield to maturity3.843%Apr 10, 2026Yield to maturity3.819%Apr 15, 2026Yield to maturity3.771%Apr 20, 2026Yield to maturity3.747%Apr 23, 2026Yield to maturity3.821%Apr 28, 2026Yield to maturity3.821%May 1, 2026Yield to maturity3.847%May 6, 2026Yield to maturity3.848%May 11, 2026Yield to maturity3.900%May 14, 2026Yield to maturity3.927%May 19, 2026Yield to maturity4.007%May 22, 2026Yield to maturity4.010%May 28, 2026Yield to maturity3.959%Jun 2, 2026Yield to maturity3.961%Jun 5, 2026Yield to maturity4.073%Jun 10, 2026Yield to maturity4.048%Jun 15, 2026Yield to maturity3.996%Jun 18, 2026Yield to maturity4.140%Jun 24, 2026Yield to maturity4.115%Jun 29, 2026Yield to maturity4.091%Jul 2, 2026Yield to maturity4.125%Jul 8, 2026Yield to maturity4.157%Jul 13, 2026Yield to maturity4.222%Jul 16, 2026Yield to maturity4.106%Jul 21, 2026Yield to maturity4.202%Jul 24, 2026Yield to maturity4.270%Jul 29, 2026Yield to maturity4.150%Aug 3, 2026Yield to maturity4.187%Aug 6, 2026Yield to maturity4.159%Aug 11, 2026Yield to maturity4.133%Aug 14, 2026Yield to maturity4.074%Aug 19, 2026Yield to maturity4.076%Aug 24, 2026Yield to maturity4.146%Aug 27, 2026Yield to maturity4.116%Sep 1, 2026Yield to maturity4.256%Sep 4, 2026Yield to maturity4.195%Sep 10, 2026Yield to maturity4.338%Sep 15, 2026Yield to maturity4.417%Sep 18, 2026Yield to maturity4.499%Sep 23, 2026Yield to maturity4.578%Sep 28, 2026Yield to maturity4.627%Oct 1, 2026Yield to maturity4.486%Oct 6, 2026Yield to maturity4.497%Oct 9, 2026Yield to maturity4.511%Oct 15, 2026Yield to maturity4.519%Oct 20, 2026Yield to maturity4.531%Oct 23, 2026Yield to maturity4.463%Oct 28, 2026Yield to maturity4.511%Nov 2, 2026Yield to maturity4.400%Nov 5, 2026Yield to maturity4.324%Nov 9, 2026Yield to maturity4.374%

Price history

558 trading days to Nov 9, 2026

98.098.599.099.5100.0100.5101.0Aug 15, 2024Nov 9, 2026Aug 15, 2024Close99.594Aug 20, 2024Close99.844Aug 23, 2024Close100.063Aug 28, 2024Close100.063Sep 3, 2024Close100.031Sep 6, 2024Close100.563Sep 11, 2024Close100.719Sep 16, 2024Close100.844Sep 19, 2024Close100.688Sep 24, 2024Close100.813Sep 27, 2024Close100.688Oct 2, 2024Close100.500Oct 7, 2024Close99.563Oct 10, 2024Close99.563Oct 16, 2024Close99.719Oct 21, 2024Close99.438Oct 24, 2024Close99.281Oct 29, 2024Close99.125Nov 1, 2024Close98.875Nov 6, 2024Close98.719Nov 12, 2024Close98.531Nov 15, 2024Close98.625Nov 20, 2024Close98.656Nov 25, 2024Close98.781Nov 29, 2024Close99.063Dec 4, 2024Close99.094Dec 9, 2024Close99.125Dec 12, 2024Close98.938Dec 17, 2024Close98.781Dec 20, 2024Close98.594Dec 26, 2024Close98.500Dec 31, 2024Close98.719Jan 6, 2025Close98.625Jan 9, 2025Close98.625Jan 14, 2025Close98.344Jan 17, 2025Close98.625Jan 23, 2025Close98.594Jan 28, 2025Close98.844Jan 31, 2025Close98.781Feb 5, 2025Close98.938Feb 10, 2025Close98.719Feb 13, 2025Close98.625Feb 19, 2025Close98.719Feb 24, 2025Close99.000Feb 27, 2025Close99.250Mar 4, 2025Close99.500Mar 7, 2025Close99.406Mar 12, 2025Close99.438Mar 17, 2025Close99.313Mar 20, 2025Close99.563Mar 25, 2025Close99.438Mar 28, 2025Close99.625Apr 2, 2025Close99.625Apr 7, 2025Close100.031Apr 10, 2025Close99.719Apr 15, 2025Close99.750Apr 21, 2025Close99.969Apr 24, 2025Close99.875Apr 29, 2025Close100.219May 2, 2025Close99.813May 7, 2025Close99.938May 12, 2025Close99.469May 15, 2025Close99.531May 20, 2025Close99.563May 23, 2025Close99.469May 29, 2025Close99.594Jun 3, 2025Close99.563Jun 6, 2025Close99.406Jun 11, 2025Close99.594Jun 16, 2025Close99.563Jun 20, 2025Close99.688Jun 25, 2025Close99.938Jun 30, 2025Close100.031Jul 3, 2025Close99.688Jul 9, 2025Close99.781Jul 14, 2025Close99.719Jul 17, 2025Close99.656Jul 22, 2025Close99.844Jul 25, 2025Close99.688Jul 30, 2025Close99.625Aug 4, 2025Close100.125Aug 7, 2025Close100.031Aug 12, 2025Close100.031Aug 15, 2025Close100.000Aug 20, 2025Close100.031Aug 25, 2025Close100.031Aug 28, 2025Close100.156Sep 3, 2025Close100.219Sep 8, 2025Close100.438Sep 11, 2025Close100.375Sep 16, 2025Close100.406Sep 19, 2025Close100.281Sep 24, 2025Close100.219Sep 29, 2025Close100.156Oct 2, 2025Close100.344Oct 7, 2025Close100.281Oct 10, 2025Close100.375Oct 16, 2025Close100.531Oct 21, 2025Close100.469Oct 24, 2025Close100.438Oct 29, 2025Close100.219Nov 3, 2025Close100.219Nov 6, 2025Close100.281Nov 12, 2025Close100.281Nov 17, 2025Close100.188Nov 20, 2025Close100.281Nov 25, 2025Close100.406Dec 1, 2025Close100.281Dec 4, 2025Close100.313Dec 9, 2025Close100.188Dec 12, 2025Close100.344Dec 17, 2025Close100.406Dec 22, 2025Close100.375Dec 26, 2025Close100.406Dec 31, 2025Close100.406Jan 6, 2026Close100.406Jan 9, 2026Close100.313Jan 14, 2026Close100.344Jan 20, 2026Close100.219Jan 23, 2026Close100.219Jan 28, 2026Close100.250Feb 2, 2026Close100.281Feb 5, 2026Close100.406Feb 10, 2026Close100.406Feb 13, 2026Close100.469Feb 19, 2026Close100.375Feb 24, 2026Close100.344Feb 27, 2026Close100.438Mar 4, 2026Close100.219Mar 9, 2026Close100.219Mar 12, 2026Close99.969Mar 17, 2026Close100.063Mar 20, 2026Close99.719Mar 25, 2026Close99.781Mar 30, 2026Close99.844Apr 2, 2026Close99.906Apr 7, 2026Close99.875Apr 10, 2026Close99.906Apr 15, 2026Close99.969Apr 20, 2026Close100.000Apr 23, 2026Close99.906Apr 28, 2026Close99.906May 1, 2026Close99.875May 6, 2026Close99.875May 11, 2026Close99.813May 14, 2026Close99.781May 19, 2026Close99.688May 22, 2026Close99.688May 28, 2026Close99.750Jun 2, 2026Close99.750Jun 5, 2026Close99.625Jun 10, 2026Close99.656Jun 15, 2026Close99.719Jun 18, 2026Close99.563Jun 24, 2026Close99.594Jun 29, 2026Close99.625Jul 2, 2026Close99.594Jul 8, 2026Close99.563Jul 13, 2026Close99.500Jul 16, 2026Close99.625Jul 21, 2026Close99.531Jul 24, 2026Close99.469Jul 29, 2026Close99.594Aug 3, 2026Close99.563Aug 6, 2026Close99.594Aug 11, 2026Close99.625Aug 14, 2026Close99.688Aug 19, 2026Close99.688Aug 24, 2026Close99.625Aug 27, 2026Close99.656Sep 1, 2026Close99.531Sep 4, 2026Close99.594Sep 10, 2026Close99.469Sep 15, 2026Close99.406Sep 18, 2026Close99.344Sep 23, 2026Close99.281Sep 28, 2026Close99.250Oct 1, 2026Close99.375Oct 6, 2026Close99.375Oct 9, 2026Close99.375Oct 15, 2026Close99.375Oct 20, 2026Close99.375Oct 23, 2026Close99.438Oct 28, 2026Close99.406Nov 2, 2026Close99.500Nov 5, 2026Close99.563Nov 9, 2026Close99.531
The most recent 20 trading days of prices for 91282CLG4.
DateBidOfferClose
Nov 9, 202699.53199.54799.531
Nov 6, 202699.53199.54799.531
Nov 5, 202699.50099.53199.563
Nov 4, 202699.50099.50099.500
Nov 3, 202699.46999.48499.469
Nov 2, 202699.46999.48499.500
Oct 30, 202699.46999.50099.500
Oct 29, 202699.46999.48499.469
Oct 28, 202699.40699.42299.406
Oct 27, 202699.40699.43899.406
Oct 26, 202699.43899.45399.406
Oct 23, 202699.43899.45399.438
Oct 22, 202699.40699.42299.469
Oct 21, 202699.37599.39199.375
Oct 20, 202699.37599.40699.375
Oct 19, 202699.37599.39199.375
Oct 16, 202699.40699.42299.375
Oct 15, 202699.34499.37599.375
Oct 14, 202699.31399.32899.344
Oct 13, 202699.37599.39199.375

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 91282CLG4.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Aug 6, 2024Aug 15, 2024New issue$58.0bn$69.0bn2.55x3.810%

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.