Treasury note

91282CLJ8 · 3.75% due August 31, 2031

Original term
7-Year
Maturity
Aug 31, 2031
Coupon
3.750%
Pays
Semi-Annual
Dated
Aug 31, 2024
First coupon
Feb 28, 2025
Priced through
Nov 9, 2026
Analyzed through
Nov 9, 2026

Statement of October 31, 2026

Amount outstanding
$47.42bn
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
4.681%
Modified duration
4.299 yr
DV01
0.0416
Convexity
0.217
Dirty price
96.767

Where its rate sensitivity sits

<.01
0.01
0.03
0.07
0.55
3.73
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 4.400 years against a modified duration of 4.299.

Against the fitted curve

Priced 0.0 bp cheap to the curve on that day, 0.09 cents per 100 of face.

That is -0.63 standard deviations from its own typical residual.

Yield to maturity, 546 observations

3.50%3.75%4.00%4.25%4.50%4.75%5.00%5.25%Sep 3, 2024Nov 9, 2026Sep 3, 2024Yield to maturity3.735%Sep 6, 2024Yield to maturity3.602%Sep 11, 2024Yield to maturity3.536%Sep 16, 2024Yield to maturity3.505%Sep 19, 2024Yield to maturity3.601%Sep 24, 2024Yield to maturity3.596%Sep 27, 2024Yield to maturity3.611%Oct 2, 2024Yield to maturity3.646%Oct 7, 2024Yield to maturity3.932%Oct 10, 2024Yield to maturity3.996%Oct 16, 2024Yield to maturity3.922%Oct 21, 2024Yield to maturity4.076%Oct 24, 2024Yield to maturity4.119%Oct 29, 2024Yield to maturity4.190%Nov 1, 2024Yield to maturity4.304%Nov 6, 2024Yield to maturity4.376%Nov 12, 2024Yield to maturity4.393%Nov 15, 2024Yield to maturity4.367%Nov 20, 2024Yield to maturity4.346%Nov 25, 2024Yield to maturity4.216%Nov 29, 2024Yield to maturity4.119%Dec 4, 2024Yield to maturity4.130%Dec 9, 2024Yield to maturity4.131%Dec 12, 2024Yield to maturity4.251%Dec 17, 2024Yield to maturity4.324%Dec 20, 2024Yield to maturity4.447%Dec 26, 2024Yield to maturity4.499%Dec 31, 2024Yield to maturity4.478%Jan 6, 2025Yield to maturity4.519%Jan 9, 2025Yield to maturity4.571%Jan 14, 2025Yield to maturity4.692%Jan 17, 2025Yield to maturity4.512%Jan 23, 2025Yield to maturity4.547%Jan 28, 2025Yield to maturity4.429%Jan 31, 2025Yield to maturity4.470%Feb 5, 2025Yield to maturity4.329%Feb 10, 2025Yield to maturity4.416%Feb 13, 2025Yield to maturity4.456%Feb 19, 2025Yield to maturity4.452%Feb 24, 2025Yield to maturity4.311%Feb 27, 2025Yield to maturity4.188%Mar 4, 2025Yield to maturity4.104%Mar 7, 2025Yield to maturity4.195%Mar 12, 2025Yield to maturity4.190%Mar 17, 2025Yield to maturity4.202%Mar 20, 2025Yield to maturity4.106%Mar 25, 2025Yield to maturity4.169%Mar 28, 2025Yield to maturity4.102%Apr 2, 2025Yield to maturity4.051%Apr 7, 2025Yield to maturity3.945%Apr 10, 2025Yield to maturity4.188%Apr 15, 2025Yield to maturity4.132%Apr 21, 2025Yield to maturity4.144%Apr 24, 2025Yield to maturity4.088%Apr 29, 2025Yield to maturity3.929%May 2, 2025Yield to maturity4.072%May 7, 2025Yield to maturity4.021%May 12, 2025Yield to maturity4.234%May 15, 2025Yield to maturity4.206%May 20, 2025Yield to maturity4.218%May 23, 2025Yield to maturity4.231%May 29, 2025Yield to maturity4.150%Jun 3, 2025Yield to maturity4.180%Jun 6, 2025Yield to maturity4.262%Jun 11, 2025Yield to maturity4.152%Jun 16, 2025Yield to maturity4.176%Jun 20, 2025Yield to maturity4.095%Jun 25, 2025Yield to maturity3.979%Jun 30, 2025Yield to maturity3.922%Jul 3, 2025Yield to maturity4.056%Jul 9, 2025Yield to maturity4.039%Jul 14, 2025Yield to maturity4.110%Jul 17, 2025Yield to maturity4.140%Jul 22, 2025Yield to maturity4.011%Jul 25, 2025Yield to maturity4.071%Jul 30, 2025Yield to maturity4.077%Aug 4, 2025Yield to maturity3.866%Aug 7, 2025Yield to maturity3.907%Aug 12, 2025Yield to maturity3.949%Aug 15, 2025Yield to maturity3.973%Aug 20, 2025Yield to maturity3.932%Aug 25, 2025Yield to maturity3.915%Aug 28, 2025Yield to maturity3.826%Sep 3, 2025Yield to maturity3.821%Sep 8, 2025Yield to maturity3.685%Sep 11, 2025Yield to maturity3.673%Sep 16, 2025Yield to maturity3.691%Sep 19, 2025Yield to maturity3.791%Sep 24, 2025Yield to maturity3.815%Sep 29, 2025Yield to maturity3.833%Oct 2, 2025Yield to maturity3.773%Oct 7, 2025Yield to maturity3.809%Oct 10, 2025Yield to maturity3.743%Oct 16, 2025Yield to maturity3.642%Oct 21, 2025Yield to maturity3.648%Oct 24, 2025Yield to maturity3.695%Oct 29, 2025Yield to maturity3.785%Nov 3, 2025Yield to maturity3.810%Nov 6, 2025Yield to maturity3.773%Nov 12, 2025Yield to maturity3.755%Nov 17, 2025Yield to maturity3.804%Nov 20, 2025Yield to maturity3.755%Nov 25, 2025Yield to maturity3.652%Dec 1, 2025Yield to maturity3.749%Dec 4, 2025Yield to maturity3.767%Dec 9, 2025Yield to maturity3.853%Dec 12, 2025Yield to maturity3.835%Dec 17, 2025Yield to maturity3.786%Dec 22, 2025Yield to maturity3.805%Dec 26, 2025Yield to maturity3.774%Dec 31, 2025Yield to maturity3.811%Jan 6, 2026Yield to maturity3.799%Jan 9, 2026Yield to maturity3.824%Jan 14, 2026Yield to maturity3.793%Jan 20, 2026Yield to maturity3.937%Jan 23, 2026Yield to maturity3.906%Jan 28, 2026Yield to maturity3.913%Feb 2, 2026Yield to maturity3.907%Feb 5, 2026Yield to maturity3.819%Feb 10, 2026Yield to maturity3.775%Feb 13, 2026Yield to maturity3.674%Feb 19, 2026Yield to maturity3.712%Feb 24, 2026Yield to maturity3.668%Feb 27, 2026Yield to maturity3.586%Mar 4, 2026Yield to maturity3.737%Mar 9, 2026Yield to maturity3.769%Mar 12, 2026Yield to maturity3.936%Mar 17, 2026Yield to maturity3.846%Mar 20, 2026Yield to maturity4.073%Mar 25, 2026Yield to maturity4.034%Mar 30, 2026Yield to maturity4.035%Apr 2, 2026Yield to maturity3.996%Apr 7, 2026Yield to maturity4.009%Apr 10, 2026Yield to maturity3.997%Apr 15, 2026Yield to maturity3.951%Apr 20, 2026Yield to maturity3.906%Apr 23, 2026Yield to maturity4.011%Apr 28, 2026Yield to maturity4.031%May 1, 2026Yield to maturity4.065%May 6, 2026Yield to maturity4.039%May 11, 2026Yield to maturity4.106%May 14, 2026Yield to maturity4.167%May 19, 2026Yield to maturity4.364%May 22, 2026Yield to maturity4.298%May 28, 2026Yield to maturity4.190%Jun 2, 2026Yield to maturity4.205%Jun 5, 2026Yield to maturity4.315%Jun 10, 2026Yield to maturity4.295%Jun 15, 2026Yield to maturity4.208%Jun 18, 2026Yield to maturity4.257%Jun 24, 2026Yield to maturity4.203%Jun 29, 2026Yield to maturity4.163%Jul 2, 2026Yield to maturity4.254%Jul 8, 2026Yield to maturity4.331%Jul 13, 2026Yield to maturity4.388%Jul 16, 2026Yield to maturity4.298%Jul 21, 2026Yield to maturity4.390%Jul 24, 2026Yield to maturity4.448%Jul 29, 2026Yield to maturity4.393%Aug 3, 2026Yield to maturity4.416%Aug 6, 2026Yield to maturity4.410%Aug 11, 2026Yield to maturity4.412%Aug 14, 2026Yield to maturity4.378%Aug 19, 2026Yield to maturity4.365%Aug 24, 2026Yield to maturity4.430%Aug 27, 2026Yield to maturity4.410%Sep 1, 2026Yield to maturity4.570%Sep 4, 2026Yield to maturity4.558%Sep 10, 2026Yield to maturity4.756%Sep 15, 2026Yield to maturity4.839%Sep 18, 2026Yield to maturity4.879%Sep 23, 2026Yield to maturity5.014%Sep 28, 2026Yield to maturity5.085%Oct 1, 2026Yield to maturity5.019%Oct 6, 2026Yield to maturity5.038%Oct 9, 2026Yield to maturity5.041%Oct 15, 2026Yield to maturity4.923%Oct 20, 2026Yield to maturity4.948%Oct 23, 2026Yield to maturity4.831%Oct 28, 2026Yield to maturity4.878%Nov 2, 2026Yield to maturity4.715%Nov 5, 2026Yield to maturity4.612%Nov 9, 2026Yield to maturity4.681%

Price history

546 trading days to Nov 9, 2026

949698100102Sep 3, 2024Nov 9, 2026Sep 3, 2024Close100.094Sep 6, 2024Close100.906Sep 11, 2024Close101.313Sep 16, 2024Close101.500Sep 19, 2024Close100.906Sep 24, 2024Close100.938Sep 27, 2024Close100.844Oct 2, 2024Close100.625Oct 7, 2024Close98.906Oct 10, 2024Close98.531Oct 16, 2024Close98.969Oct 21, 2024Close98.063Oct 24, 2024Close97.813Oct 29, 2024Close97.406Nov 1, 2024Close96.750Nov 6, 2024Close96.344Nov 12, 2024Close96.250Nov 15, 2024Close96.406Nov 20, 2024Close96.531Nov 25, 2024Close97.281Nov 29, 2024Close97.844Dec 4, 2024Close97.781Dec 9, 2024Close97.781Dec 12, 2024Close97.094Dec 17, 2024Close96.688Dec 20, 2024Close96.000Dec 26, 2024Close95.719Dec 31, 2024Close95.844Jan 6, 2025Close95.625Jan 9, 2025Close95.344Jan 14, 2025Close94.688Jan 17, 2025Close95.688Jan 23, 2025Close95.500Jan 28, 2025Close96.156Jan 31, 2025Close95.938Feb 5, 2025Close96.719Feb 10, 2025Close96.250Feb 13, 2025Close96.031Feb 19, 2025Close96.063Feb 24, 2025Close96.844Feb 27, 2025Close97.531Mar 4, 2025Close98.000Mar 7, 2025Close97.500Mar 12, 2025Close97.531Mar 17, 2025Close97.469Mar 20, 2025Close98.000Mar 25, 2025Close97.656Mar 28, 2025Close98.031Apr 2, 2025Close98.313Apr 7, 2025Close98.906Apr 10, 2025Close97.563Apr 15, 2025Close97.875Apr 21, 2025Close97.813Apr 24, 2025Close98.125Apr 29, 2025Close99.000May 2, 2025Close98.219May 7, 2025Close98.500May 12, 2025Close97.344May 15, 2025Close97.500May 20, 2025Close97.438May 23, 2025Close97.375May 29, 2025Close97.813Jun 3, 2025Close97.656Jun 6, 2025Close97.219Jun 11, 2025Close97.813Jun 16, 2025Close97.688Jun 20, 2025Close98.125Jun 25, 2025Close98.750Jun 30, 2025Close99.063Jul 3, 2025Close98.344Jul 9, 2025Close98.438Jul 14, 2025Close98.063Jul 17, 2025Close97.906Jul 22, 2025Close98.594Jul 25, 2025Close98.281Jul 30, 2025Close98.250Aug 4, 2025Close99.375Aug 7, 2025Close99.156Aug 12, 2025Close98.938Aug 15, 2025Close98.813Aug 20, 2025Close99.031Aug 25, 2025Close99.125Aug 28, 2025Close99.594Sep 3, 2025Close99.625Sep 8, 2025Close100.344Sep 11, 2025Close100.406Sep 16, 2025Close100.313Sep 19, 2025Close99.781Sep 24, 2025Close99.656Sep 29, 2025Close99.563Oct 2, 2025Close99.875Oct 7, 2025Close99.688Oct 10, 2025Close100.031Oct 16, 2025Close100.563Oct 21, 2025Close100.531Oct 24, 2025Close100.281Oct 29, 2025Close99.813Nov 3, 2025Close99.688Nov 6, 2025Close99.875Nov 12, 2025Close99.969Nov 17, 2025Close99.719Nov 20, 2025Close99.969Nov 25, 2025Close100.500Dec 1, 2025Close100.000Dec 4, 2025Close99.906Dec 9, 2025Close99.469Dec 12, 2025Close99.563Dec 17, 2025Close99.813Dec 22, 2025Close99.719Dec 26, 2025Close99.875Dec 31, 2025Close99.688Jan 6, 2026Close99.750Jan 9, 2026Close99.625Jan 14, 2026Close99.781Jan 20, 2026Close99.063Jan 23, 2026Close99.219Jan 28, 2026Close99.188Feb 2, 2026Close99.219Feb 5, 2026Close99.656Feb 10, 2026Close99.875Feb 13, 2026Close100.375Feb 19, 2026Close100.188Feb 24, 2026Close100.406Feb 27, 2026Close100.813Mar 4, 2026Close100.063Mar 9, 2026Close99.906Mar 12, 2026Close99.094Mar 17, 2026Close99.531Mar 20, 2026Close98.438Mar 25, 2026Close98.625Mar 30, 2026Close98.625Apr 2, 2026Close98.813Apr 7, 2026Close98.750Apr 10, 2026Close98.813Apr 15, 2026Close99.031Apr 20, 2026Close99.250Apr 23, 2026Close98.750Apr 28, 2026Close98.656May 1, 2026Close98.500May 6, 2026Close98.625May 11, 2026Close98.313May 14, 2026Close98.031May 19, 2026Close97.125May 22, 2026Close97.438May 28, 2026Close97.938Jun 2, 2026Close97.875Jun 5, 2026Close97.375Jun 10, 2026Close97.469Jun 15, 2026Close97.875Jun 18, 2026Close97.656Jun 24, 2026Close97.906Jun 29, 2026Close98.094Jul 2, 2026Close97.688Jul 8, 2026Close97.344Jul 13, 2026Close97.094Jul 16, 2026Close97.500Jul 21, 2026Close97.094Jul 24, 2026Close96.844Jul 29, 2026Close97.094Aug 3, 2026Close97.000Aug 6, 2026Close97.031Aug 11, 2026Close97.031Aug 14, 2026Close97.188Aug 19, 2026Close97.250Aug 24, 2026Close96.969Aug 27, 2026Close97.063Sep 1, 2026Close96.375Sep 4, 2026Close96.438Sep 10, 2026Close95.594Sep 15, 2026Close95.250Sep 18, 2026Close95.094Sep 23, 2026Close94.531Sep 28, 2026Close94.250Oct 1, 2026Close94.531Oct 6, 2026Close94.469Oct 9, 2026Close94.469Oct 15, 2026Close94.969Oct 20, 2026Close94.875Oct 23, 2026Close95.375Oct 28, 2026Close95.188Nov 2, 2026Close95.875Nov 5, 2026Close96.313Nov 9, 2026Close96.031
The most recent 20 trading days of prices for 91282CLJ8.
DateBidOfferClose
Nov 9, 202696.03196.04796.031
Nov 6, 202696.12596.14196.125
Nov 5, 202696.18896.20396.313
Nov 4, 202695.84495.87595.969
Nov 3, 202695.78195.79795.719
Nov 2, 202695.93895.95395.875
Oct 30, 202695.68895.70395.813
Oct 29, 202695.50095.53195.500
Oct 28, 202695.12595.14195.188
Oct 27, 202695.31395.32895.281
Oct 26, 202695.34495.35995.313
Oct 23, 202695.37595.39195.375
Oct 22, 202695.28195.31395.531
Oct 21, 202694.90694.92294.813
Oct 20, 202694.93894.95394.875
Oct 19, 202694.90694.92294.844
Oct 16, 202695.06395.07895.063
Oct 15, 202694.93894.95394.969
Oct 14, 202694.34494.35994.594
Oct 13, 202694.53194.54794.563

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 91282CLJ8.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Aug 29, 2024Sep 3, 2024New issue$44.0bn$47.5bn2.50x3.770%

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.