Treasury note

91282CLL3 · 3.375% due September 15, 2027

Original term
3-Year
Maturity
Sep 15, 2027
Coupon
3.375%
Pays
Semi-Annual
Dated
Sep 15, 2024
First coupon
Mar 15, 2025
Priced through
Nov 9, 2026
Analyzed through
Nov 9, 2026

Statement of October 31, 2026

Amount outstanding
$58.54bn
Held stripped
$8.0m
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
4.398%
Modified duration
0.819 yr
DV01
0.0082
Convexity
0.0108
Dirty price
99.678

Where its rate sensitivity sits

<.01
0.26
0.58
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 0.838 years against a modified duration of 0.819.

Against the fitted curve

Priced 0.6 bp rich to the curve on that day, 0.46 cents per 100 of face.

That is 0.11 standard deviations from its own typical residual.

Yield to maturity, 537 observations

3.25%3.50%3.75%4.00%4.25%4.50%4.75%Sep 16, 2024Nov 9, 2026Sep 16, 2024Yield to maturity3.419%Sep 19, 2024Yield to maturity3.475%Sep 24, 2024Yield to maturity3.442%Sep 27, 2024Yield to maturity3.487%Oct 2, 2024Yield to maturity3.543%Oct 7, 2024Yield to maturity3.897%Oct 10, 2024Yield to maturity3.899%Oct 16, 2024Yield to maturity3.843%Oct 21, 2024Yield to maturity3.938%Oct 24, 2024Yield to maturity4.010%Oct 29, 2024Yield to maturity4.071%Nov 1, 2024Yield to maturity4.169%Nov 6, 2024Yield to maturity4.219%Nov 12, 2024Yield to maturity4.295%Nov 15, 2024Yield to maturity4.263%Nov 20, 2024Yield to maturity4.266%Nov 25, 2024Yield to maturity4.209%Nov 29, 2024Yield to maturity4.105%Dec 4, 2024Yield to maturity4.095%Dec 9, 2024Yield to maturity4.098%Dec 12, 2024Yield to maturity4.174%Dec 17, 2024Yield to maturity4.227%Dec 20, 2024Yield to maturity4.318%Dec 26, 2024Yield to maturity4.359%Dec 31, 2024Yield to maturity4.277%Jan 6, 2025Yield to maturity4.320%Jan 9, 2025Yield to maturity4.322%Jan 14, 2025Yield to maturity4.442%Jan 17, 2025Yield to maturity4.320%Jan 23, 2025Yield to maturity4.336%Jan 28, 2025Yield to maturity4.238%Jan 31, 2025Yield to maturity4.268%Feb 5, 2025Yield to maturity4.193%Feb 10, 2025Yield to maturity4.302%Feb 13, 2025Yield to maturity4.331%Feb 19, 2025Yield to maturity4.297%Feb 24, 2025Yield to maturity4.170%Feb 27, 2025Yield to maturity4.067%Mar 4, 2025Yield to maturity3.965%Mar 7, 2025Yield to maturity4.008%Mar 12, 2025Yield to maturity3.997%Mar 17, 2025Yield to maturity4.040%Mar 20, 2025Yield to maturity3.948%Mar 25, 2025Yield to maturity3.992%Mar 28, 2025Yield to maturity3.913%Apr 2, 2025Yield to maturity3.901%Apr 7, 2025Yield to maturity3.726%Apr 10, 2025Yield to maturity3.864%Apr 15, 2025Yield to maturity3.839%Apr 21, 2025Yield to maturity3.745%Apr 24, 2025Yield to maturity3.774%Apr 29, 2025Yield to maturity3.637%May 2, 2025Yield to maturity3.806%May 7, 2025Yield to maturity3.766%May 12, 2025Yield to maturity3.981%May 15, 2025Yield to maturity3.954%May 20, 2025Yield to maturity3.957%May 23, 2025Yield to maturity3.990%May 29, 2025Yield to maturity3.920%Jun 3, 2025Yield to maturity3.937%Jun 6, 2025Yield to maturity4.014%Jun 11, 2025Yield to maturity3.928%Jun 16, 2025Yield to maturity3.946%Jun 20, 2025Yield to maturity3.875%Jun 25, 2025Yield to maturity3.758%Jun 30, 2025Yield to maturity3.701%Jul 3, 2025Yield to maturity3.869%Jul 9, 2025Yield to maturity3.840%Jul 14, 2025Yield to maturity3.874%Jul 17, 2025Yield to maturity3.906%Jul 22, 2025Yield to maturity3.802%Jul 25, 2025Yield to maturity3.882%Jul 30, 2025Yield to maturity3.930%Aug 4, 2025Yield to maturity3.668%Aug 7, 2025Yield to maturity3.717%Aug 12, 2025Yield to maturity3.719%Aug 15, 2025Yield to maturity3.737%Aug 20, 2025Yield to maturity3.723%Aug 25, 2025Yield to maturity3.709%Aug 28, 2025Yield to maturity3.646%Sep 3, 2025Yield to maturity3.616%Sep 8, 2025Yield to maturity3.488%Sep 11, 2025Yield to maturity3.521%Sep 16, 2025Yield to maturity3.506%Sep 19, 2025Yield to maturity3.573%Sep 24, 2025Yield to maturity3.606%Sep 29, 2025Yield to maturity3.641%Oct 2, 2025Yield to maturity3.542%Oct 7, 2025Yield to maturity3.576%Oct 10, 2025Yield to maturity3.527%Oct 16, 2025Yield to maturity3.425%Oct 21, 2025Yield to maturity3.459%Oct 24, 2025Yield to maturity3.495%Oct 29, 2025Yield to maturity3.599%Nov 3, 2025Yield to maturity3.618%Nov 6, 2025Yield to maturity3.567%Nov 12, 2025Yield to maturity3.568%Nov 17, 2025Yield to maturity3.623%Nov 20, 2025Yield to maturity3.570%Nov 25, 2025Yield to maturity3.499%Dec 1, 2025Yield to maturity3.555%Dec 4, 2025Yield to maturity3.556%Dec 9, 2025Yield to maturity3.631%Dec 12, 2025Yield to maturity3.540%Dec 17, 2025Yield to maturity3.503%Dec 22, 2025Yield to maturity3.504%Dec 26, 2025Yield to maturity3.506%Dec 31, 2025Yield to maturity3.487%Jan 6, 2026Yield to maturity3.469%Jan 9, 2026Yield to maturity3.548%Jan 14, 2026Yield to maturity3.529%Jan 20, 2026Yield to maturity3.610%Jan 23, 2026Yield to maturity3.592%Jan 28, 2026Yield to maturity3.593%Feb 2, 2026Yield to maturity3.575%Feb 5, 2026Yield to maturity3.475%Feb 10, 2026Yield to maturity3.476%Feb 13, 2026Yield to maturity3.436%Feb 19, 2026Yield to maturity3.498%Feb 24, 2026Yield to maturity3.499%Feb 27, 2026Yield to maturity3.438%Mar 4, 2026Yield to maturity3.587%Mar 9, 2026Yield to maturity3.589%Mar 12, 2026Yield to maturity3.784%Mar 17, 2026Yield to maturity3.701%Mar 20, 2026Yield to maturity3.946%Mar 25, 2026Yield to maturity3.926%Mar 30, 2026Yield to maturity3.864%Apr 2, 2026Yield to maturity3.822%Apr 7, 2026Yield to maturity3.848%Apr 10, 2026Yield to maturity3.829%Apr 15, 2026Yield to maturity3.786%Apr 20, 2026Yield to maturity3.743%Apr 23, 2026Yield to maturity3.815%Apr 28, 2026Yield to maturity3.819%May 1, 2026Yield to maturity3.847%May 6, 2026Yield to maturity3.826%May 11, 2026Yield to maturity3.903%May 14, 2026Yield to maturity3.930%May 19, 2026Yield to maturity4.010%May 22, 2026Yield to maturity4.042%May 28, 2026Yield to maturity3.946%Jun 2, 2026Yield to maturity3.977%Jun 5, 2026Yield to maturity4.086%Jun 10, 2026Yield to maturity4.065%Jun 15, 2026Yield to maturity3.994%Jun 18, 2026Yield to maturity4.161%Jun 24, 2026Yield to maturity4.139%Jun 29, 2026Yield to maturity4.094%Jul 2, 2026Yield to maturity4.131%Jul 8, 2026Yield to maturity4.163%Jul 13, 2026Yield to maturity4.228%Jul 16, 2026Yield to maturity4.094%Jul 21, 2026Yield to maturity4.187%Jul 24, 2026Yield to maturity4.254%Jul 29, 2026Yield to maturity4.174%Aug 3, 2026Yield to maturity4.184%Aug 6, 2026Yield to maturity4.161%Aug 11, 2026Yield to maturity4.141%Aug 14, 2026Yield to maturity4.091%Aug 19, 2026Yield to maturity4.066%Aug 24, 2026Yield to maturity4.106%Aug 27, 2026Yield to maturity4.111%Sep 1, 2026Yield to maturity4.247%Sep 4, 2026Yield to maturity4.229%Sep 10, 2026Yield to maturity4.365%Sep 15, 2026Yield to maturity4.411%Sep 18, 2026Yield to maturity4.491%Sep 23, 2026Yield to maturity4.600%Sep 28, 2026Yield to maturity4.617%Oct 1, 2026Yield to maturity4.491%Oct 6, 2026Yield to maturity4.507%Oct 9, 2026Yield to maturity4.491%Oct 15, 2026Yield to maturity4.501%Oct 20, 2026Yield to maturity4.517%Oct 23, 2026Yield to maturity4.461%Oct 28, 2026Yield to maturity4.508%Nov 2, 2026Yield to maturity4.413%Nov 5, 2026Yield to maturity4.310%Nov 9, 2026Yield to maturity4.398%

Price history

537 trading days to Nov 9, 2026

97.097.598.098.599.099.5100.0Sep 16, 2024Nov 9, 2026Sep 16, 2024Close99.875Sep 19, 2024Close99.719Sep 24, 2024Close99.813Sep 27, 2024Close99.688Oct 2, 2024Close99.531Oct 7, 2024Close98.563Oct 10, 2024Close98.563Oct 16, 2024Close98.719Oct 21, 2024Close98.469Oct 24, 2024Close98.281Oct 29, 2024Close98.125Nov 1, 2024Close97.875Nov 6, 2024Close97.750Nov 12, 2024Close97.563Nov 15, 2024Close97.656Nov 20, 2024Close97.656Nov 25, 2024Close97.813Nov 29, 2024Close98.094Dec 4, 2024Close98.125Dec 9, 2024Close98.125Dec 12, 2024Close97.938Dec 17, 2024Close97.813Dec 20, 2024Close97.594Dec 26, 2024Close97.500Dec 31, 2024Close97.719Jan 6, 2025Close97.625Jan 9, 2025Close97.625Jan 14, 2025Close97.344Jan 17, 2025Close97.656Jan 23, 2025Close97.625Jan 28, 2025Close97.875Jan 31, 2025Close97.813Feb 5, 2025Close98.000Feb 10, 2025Close97.750Feb 13, 2025Close97.688Feb 19, 2025Close97.781Feb 24, 2025Close98.094Feb 27, 2025Close98.344Mar 4, 2025Close98.594Mar 7, 2025Close98.500Mar 12, 2025Close98.531Mar 17, 2025Close98.438Mar 20, 2025Close98.656Mar 25, 2025Close98.563Mar 28, 2025Close98.750Apr 2, 2025Close98.781Apr 7, 2025Close99.188Apr 10, 2025Close98.875Apr 15, 2025Close98.938Apr 21, 2025Close99.156Apr 24, 2025Close99.094Apr 29, 2025Close99.406May 2, 2025Close99.031May 7, 2025Close99.125May 12, 2025Close98.656May 15, 2025Close98.719May 20, 2025Close98.719May 23, 2025Close98.656May 29, 2025Close98.813Jun 3, 2025Close98.781Jun 6, 2025Close98.625Jun 11, 2025Close98.813Jun 16, 2025Close98.781Jun 20, 2025Close98.938Jun 25, 2025Close99.188Jun 30, 2025Close99.313Jul 3, 2025Close98.969Jul 9, 2025Close99.031Jul 14, 2025Close98.969Jul 17, 2025Close98.906Jul 22, 2025Close99.125Jul 25, 2025Close98.969Jul 30, 2025Close98.875Aug 4, 2025Close99.406Aug 7, 2025Close99.313Aug 12, 2025Close99.313Aug 15, 2025Close99.281Aug 20, 2025Close99.313Aug 25, 2025Close99.344Aug 28, 2025Close99.469Sep 3, 2025Close99.531Sep 8, 2025Close99.781Sep 11, 2025Close99.719Sep 16, 2025Close99.750Sep 19, 2025Close99.625Sep 24, 2025Close99.563Sep 29, 2025Close99.500Oct 2, 2025Close99.688Oct 7, 2025Close99.625Oct 10, 2025Close99.719Oct 16, 2025Close99.906Oct 21, 2025Close99.844Oct 24, 2025Close99.781Oct 29, 2025Close99.594Nov 3, 2025Close99.563Nov 6, 2025Close99.656Nov 12, 2025Close99.656Nov 17, 2025Close99.563Nov 20, 2025Close99.656Nov 25, 2025Close99.781Dec 1, 2025Close99.688Dec 4, 2025Close99.688Dec 9, 2025Close99.563Dec 12, 2025Close99.719Dec 17, 2025Close99.781Dec 22, 2025Close99.781Dec 26, 2025Close99.781Dec 31, 2025Close99.813Jan 6, 2026Close99.844Jan 9, 2026Close99.719Jan 14, 2026Close99.750Jan 20, 2026Close99.625Jan 23, 2026Close99.656Jan 28, 2026Close99.656Feb 2, 2026Close99.688Feb 5, 2026Close99.844Feb 10, 2026Close99.844Feb 13, 2026Close99.906Feb 19, 2026Close99.813Feb 24, 2026Close99.813Feb 27, 2026Close99.906Mar 4, 2026Close99.688Mar 9, 2026Close99.688Mar 12, 2026Close99.406Mar 17, 2026Close99.531Mar 20, 2026Close99.188Mar 25, 2026Close99.219Mar 30, 2026Close99.313Apr 2, 2026Close99.375Apr 7, 2026Close99.344Apr 10, 2026Close99.375Apr 15, 2026Close99.438Apr 20, 2026Close99.500Apr 23, 2026Close99.406Apr 28, 2026Close99.406May 1, 2026Close99.375May 6, 2026Close99.406May 11, 2026Close99.313May 14, 2026Close99.281May 19, 2026Close99.188May 22, 2026Close99.156May 28, 2026Close99.281Jun 2, 2026Close99.250Jun 5, 2026Close99.125Jun 10, 2026Close99.156Jun 15, 2026Close99.250Jun 18, 2026Close99.063Jun 24, 2026Close99.094Jun 29, 2026Close99.156Jul 2, 2026Close99.125Jul 8, 2026Close99.094Jul 13, 2026Close99.031Jul 16, 2026Close99.188Jul 21, 2026Close99.094Jul 24, 2026Close99.031Jul 29, 2026Close99.125Aug 3, 2026Close99.125Aug 6, 2026Close99.156Aug 11, 2026Close99.188Aug 14, 2026Close99.250Aug 19, 2026Close99.281Aug 24, 2026Close99.250Aug 27, 2026Close99.250Sep 1, 2026Close99.125Sep 4, 2026Close99.156Sep 10, 2026Close99.031Sep 15, 2026Close99.000Sep 18, 2026Close98.938Sep 23, 2026Close98.844Sep 28, 2026Close98.844Oct 1, 2026Close98.969Oct 6, 2026Close98.969Oct 9, 2026Close99.000Oct 15, 2026Close99.000Oct 20, 2026Close99.000Oct 23, 2026Close99.063Oct 28, 2026Close99.031Nov 2, 2026Close99.125Nov 5, 2026Close99.219Nov 9, 2026Close99.156
The most recent 20 trading days of prices for 91282CLL3.
DateBidOfferClose
Nov 9, 202699.18899.20399.156
Nov 6, 202699.18899.20399.188
Nov 5, 202699.15699.18899.219
Nov 4, 202699.12599.14199.125
Nov 3, 202699.12599.12599.094
Nov 2, 202699.12599.14199.125
Oct 30, 202699.09499.10999.125
Oct 29, 202699.09499.10999.094
Oct 28, 202699.03199.04799.031
Oct 27, 202699.03199.04799.031
Oct 26, 202699.06399.07899.063
Oct 23, 202699.06399.07899.063
Oct 22, 202699.06399.07899.094
Oct 21, 202699.00099.01698.969
Oct 20, 202699.00099.01699.000
Oct 19, 202699.00099.03199.000
Oct 16, 202699.00099.03199.000
Oct 15, 202699.00099.01699.000
Oct 14, 202698.90698.92298.969
Oct 13, 202698.96998.98498.969

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 91282CLL3.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Sep 10, 2024Sep 16, 2024New issue$58.0bn$58.6bn2.66x3.440%

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.