Treasury note

91282CLR0 · 4.125% due October 31, 2029

Original term
5-Year
Maturity
Oct 31, 2029
Coupon
4.125%
Pays
Semi-Annual
Dated
Oct 31, 2024
First coupon
Apr 30, 2025
Priced through
Oct 20, 2026
Analyzed through
Oct 20, 2026

Statement of September 30, 2026

Amount outstanding
$70.86bn
Held stripped
$132.8m
Share stripped
0.19%

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, October 20, 2026

Yield to maturity
4.877%
Modified duration
2.752 yr
DV01
0.0275
Convexity
0.0931
Dirty price
99.857

Where its rate sensitivity sits

<.01
0.01
0.03
0.07
2.66
0.04
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 2.819 years against a modified duration of 2.752.

Against the fitted curve

Priced 1.9 bp rich to the curve on that day, 5.17 cents per 100 of face.

That is -1.22 standard deviations from its own typical residual.

Yield to maturity, 492 observations

3.0%3.5%4.0%4.5%5.0%5.5%Oct 31, 2024Oct 20, 2026Oct 31, 2024Yield to maturity4.146%Nov 5, 2024Yield to maturity4.160%Nov 8, 2024Yield to maturity4.195%Nov 14, 2024Yield to maturity4.323%Nov 19, 2024Yield to maturity4.252%Nov 22, 2024Yield to maturity4.302%Nov 27, 2024Yield to maturity4.139%Dec 3, 2024Yield to maturity4.124%Dec 6, 2024Yield to maturity4.046%Dec 11, 2024Yield to maturity4.146%Dec 16, 2024Yield to maturity4.260%Dec 19, 2024Yield to maturity4.442%Dec 24, 2024Yield to maturity4.450%Dec 30, 2024Yield to maturity4.370%Jan 3, 2025Yield to maturity4.415%Jan 8, 2025Yield to maturity4.452%Jan 13, 2025Yield to maturity4.616%Jan 16, 2025Yield to maturity4.394%Jan 22, 2025Yield to maturity4.432%Jan 27, 2025Yield to maturity4.329%Jan 30, 2025Yield to maturity4.315%Feb 4, 2025Yield to maturity4.315%Feb 7, 2025Yield to maturity4.346%Feb 12, 2025Yield to maturity4.480%Feb 18, 2025Yield to maturity4.399%Feb 21, 2025Yield to maturity4.258%Feb 26, 2025Yield to maturity4.079%Mar 3, 2025Yield to maturity3.976%Mar 6, 2025Yield to maturity4.064%Mar 11, 2025Yield to maturity4.027%Mar 14, 2025Yield to maturity4.094%Mar 19, 2025Yield to maturity4.027%Mar 24, 2025Yield to maturity4.094%Mar 27, 2025Yield to maturity4.087%Apr 1, 2025Yield to maturity3.906%Apr 4, 2025Yield to maturity3.719%Apr 9, 2025Yield to maturity4.049%Apr 14, 2025Yield to maturity4.011%Apr 17, 2025Yield to maturity3.927%Apr 22, 2025Yield to maturity3.950%Apr 25, 2025Yield to maturity3.866%Apr 30, 2025Yield to maturity3.699%May 5, 2025Yield to maturity3.918%May 8, 2025Yield to maturity3.979%May 13, 2025Yield to maturity4.109%May 16, 2025Yield to maturity4.047%May 21, 2025Yield to maturity4.124%May 27, 2025Yield to maturity4.008%May 30, 2025Yield to maturity3.961%Jun 4, 2025Yield to maturity3.921%Jun 9, 2025Yield to maturity4.077%Jun 12, 2025Yield to maturity3.952%Jun 17, 2025Yield to maturity3.967%Jun 23, 2025Yield to maturity3.880%Jun 26, 2025Yield to maturity3.770%Jul 1, 2025Yield to maturity3.816%Jul 7, 2025Yield to maturity3.933%Jul 10, 2025Yield to maturity3.901%Jul 15, 2025Yield to maturity4.020%Jul 18, 2025Yield to maturity3.924%Jul 23, 2025Yield to maturity3.907%Jul 28, 2025Yield to maturity3.939%Jul 31, 2025Yield to maturity3.938%Aug 5, 2025Yield to maturity3.737%Aug 8, 2025Yield to maturity3.800%Aug 13, 2025Yield to maturity3.736%Aug 18, 2025Yield to maturity3.815%Aug 21, 2025Yield to maturity3.823%Aug 26, 2025Yield to maturity3.700%Aug 29, 2025Yield to maturity3.650%Sep 4, 2025Yield to maturity3.609%Sep 9, 2025Yield to maturity3.567%Sep 12, 2025Yield to maturity3.598%Sep 17, 2025Yield to maturity3.589%Sep 22, 2025Yield to maturity3.661%Sep 25, 2025Yield to maturity3.734%Sep 30, 2025Yield to maturity3.700%Oct 3, 2025Yield to maturity3.674%Oct 8, 2025Yield to maturity3.682%Oct 14, 2025Yield to maturity3.556%Oct 17, 2025Yield to maturity3.546%Oct 22, 2025Yield to maturity3.512%Oct 27, 2025Yield to maturity3.576%Oct 30, 2025Yield to maturity3.676%Nov 4, 2025Yield to maturity3.649%Nov 7, 2025Yield to maturity3.631%Nov 13, 2025Yield to maturity3.663%Nov 18, 2025Yield to maturity3.645%Nov 21, 2025Yield to maturity3.566%Nov 26, 2025Yield to maturity3.531%Dec 2, 2025Yield to maturity3.597%Dec 5, 2025Yield to maturity3.655%Dec 10, 2025Yield to maturity3.654%Dec 15, 2025Yield to maturity3.653%Dec 18, 2025Yield to maturity3.583%Dec 23, 2025Yield to maturity3.659%Dec 29, 2025Yield to maturity3.596%Jan 2, 2026Yield to maturity3.646%Jan 7, 2026Yield to maturity3.610%Jan 12, 2026Yield to maturity3.679%Jan 15, 2026Yield to maturity3.696%Jan 21, 2026Yield to maturity3.747%Jan 26, 2026Yield to maturity3.737%Jan 29, 2026Yield to maturity3.709%Feb 3, 2026Yield to maturity3.735%Feb 6, 2026Yield to maturity3.653%Feb 11, 2026Yield to maturity3.652%Feb 17, 2026Yield to maturity3.542%Feb 20, 2026Yield to maturity3.567%Feb 25, 2026Yield to maturity3.538%Mar 2, 2026Yield to maturity3.546%Mar 5, 2026Yield to maturity3.645%Mar 10, 2026Yield to maturity3.652%Mar 13, 2026Yield to maturity3.807%Mar 18, 2026Yield to maturity3.816%Mar 23, 2026Yield to maturity3.908%Mar 26, 2026Yield to maturity4.049%Mar 31, 2026Yield to maturity3.860%Apr 3, 2026Yield to maturity3.925%Apr 8, 2026Yield to maturity3.859%Apr 13, 2026Yield to maturity3.849%Apr 16, 2026Yield to maturity3.839%Apr 21, 2026Yield to maturity3.838%Apr 24, 2026Yield to maturity3.846%Apr 29, 2026Yield to maturity3.990%May 4, 2026Yield to maturity4.018%May 7, 2026Yield to maturity3.979%May 12, 2026Yield to maturity4.066%May 15, 2026Yield to maturity4.193%May 20, 2026Yield to maturity4.154%May 26, 2026Yield to maturity4.134%May 29, 2026Yield to maturity4.094%Jun 3, 2026Yield to maturity4.164%Jun 8, 2026Yield to maturity4.244%Jun 11, 2026Yield to maturity4.134%Jun 16, 2026Yield to maturity4.114%Jun 22, 2026Yield to maturity4.265%Jun 25, 2026Yield to maturity4.144%Jun 30, 2026Yield to maturity4.164%Jul 6, 2026Yield to maturity4.164%Jul 9, 2026Yield to maturity4.215%Jul 14, 2026Yield to maturity4.257%Jul 17, 2026Yield to maturity4.237%Jul 22, 2026Yield to maturity4.372%Jul 27, 2026Yield to maturity4.373%Jul 30, 2026Yield to maturity4.321%Aug 4, 2026Yield to maturity4.269%Aug 7, 2026Yield to maturity4.280%Aug 12, 2026Yield to maturity4.291%Aug 17, 2026Yield to maturity4.281%Aug 20, 2026Yield to maturity4.292%Aug 25, 2026Yield to maturity4.272%Aug 28, 2026Yield to maturity4.433%Sep 2, 2026Yield to maturity4.477%Sep 8, 2026Yield to maturity4.490%Sep 11, 2026Yield to maturity4.721%Sep 16, 2026Yield to maturity4.822%Sep 21, 2026Yield to maturity4.825%Sep 24, 2026Yield to maturity5.005%Sep 29, 2026Yield to maturity5.009%Oct 2, 2026Yield to maturity4.979%Oct 7, 2026Yield to maturity4.924%Oct 13, 2026Yield to maturity4.929%Oct 16, 2026Yield to maturity4.830%Oct 20, 2026Yield to maturity4.877%

Price history

492 trading days to Oct 20, 2026

979899100101102103Oct 31, 2024Oct 20, 2026Oct 31, 2024Close99.906Nov 5, 2024Close99.844Nov 8, 2024Close99.688Nov 14, 2024Close99.125Nov 19, 2024Close99.438Nov 22, 2024Close99.219Nov 27, 2024Close99.938Dec 3, 2024Close100.000Dec 6, 2024Close100.344Dec 11, 2024Close99.906Dec 16, 2024Close99.406Dec 19, 2024Close98.625Dec 24, 2024Close98.594Dec 30, 2024Close98.938Jan 3, 2025Close98.750Jan 8, 2025Close98.594Jan 13, 2025Close97.906Jan 16, 2025Close98.844Jan 22, 2025Close98.688Jan 27, 2025Close99.125Jan 30, 2025Close99.188Feb 4, 2025Close99.188Feb 7, 2025Close99.063Feb 12, 2025Close98.500Feb 18, 2025Close98.844Feb 21, 2025Close99.438Feb 26, 2025Close100.188Mar 3, 2025Close100.625Mar 6, 2025Close100.250Mar 11, 2025Close100.406Mar 14, 2025Close100.125Mar 19, 2025Close100.406Mar 24, 2025Close100.125Mar 27, 2025Close100.156Apr 1, 2025Close100.906Apr 4, 2025Close101.688Apr 9, 2025Close100.313Apr 14, 2025Close100.469Apr 17, 2025Close100.813Apr 22, 2025Close100.719Apr 25, 2025Close101.063Apr 30, 2025Close101.750May 5, 2025Close100.844May 8, 2025Close100.594May 13, 2025Close100.063May 16, 2025Close100.313May 21, 2025Close100.000May 27, 2025Close100.469May 30, 2025Close100.656Jun 4, 2025Close100.813Jun 9, 2025Close100.188Jun 12, 2025Close100.688Jun 17, 2025Close100.625Jun 23, 2025Close100.969Jun 26, 2025Close101.406Jul 1, 2025Close101.219Jul 7, 2025Close100.750Jul 10, 2025Close100.875Jul 15, 2025Close100.406Jul 18, 2025Close100.781Jul 23, 2025Close100.844Jul 28, 2025Close100.719Jul 31, 2025Close100.719Aug 5, 2025Close101.500Aug 8, 2025Close101.250Aug 13, 2025Close101.500Aug 18, 2025Close101.188Aug 21, 2025Close101.156Aug 26, 2025Close101.625Aug 29, 2025Close101.813Sep 4, 2025Close101.969Sep 9, 2025Close102.125Sep 12, 2025Close102.000Sep 17, 2025Close102.031Sep 22, 2025Close101.750Sep 25, 2025Close101.469Sep 30, 2025Close101.594Oct 3, 2025Close101.688Oct 8, 2025Close101.656Oct 14, 2025Close102.125Oct 17, 2025Close102.156Oct 22, 2025Close102.281Oct 27, 2025Close102.031Oct 30, 2025Close101.656Nov 4, 2025Close101.750Nov 7, 2025Close101.813Nov 13, 2025Close101.688Nov 18, 2025Close101.750Nov 21, 2025Close102.031Nov 26, 2025Close102.156Dec 2, 2025Close101.906Dec 5, 2025Close101.688Dec 10, 2025Close101.688Dec 15, 2025Close101.688Dec 18, 2025Close101.938Dec 23, 2025Close101.656Dec 29, 2025Close101.875Jan 2, 2026Close101.688Jan 7, 2026Close101.813Jan 12, 2026Close101.563Jan 15, 2026Close101.500Jan 21, 2026Close101.313Jan 26, 2026Close101.344Jan 29, 2026Close101.438Feb 3, 2026Close101.344Feb 6, 2026Close101.625Feb 11, 2026Close101.625Feb 17, 2026Close102.000Feb 20, 2026Close101.906Feb 25, 2026Close102.000Mar 2, 2026Close101.969Mar 5, 2026Close101.625Mar 10, 2026Close101.594Mar 13, 2026Close101.063Mar 18, 2026Close101.031Mar 23, 2026Close100.719Mar 26, 2026Close100.250Mar 31, 2026Close100.875Apr 3, 2026Close100.656Apr 8, 2026Close100.875Apr 13, 2026Close100.906Apr 16, 2026Close100.938Apr 21, 2026Close100.938Apr 24, 2026Close100.906Apr 29, 2026Close100.438May 4, 2026Close100.344May 7, 2026Close100.469May 12, 2026Close100.188May 15, 2026Close99.781May 20, 2026Close99.906May 26, 2026Close99.969May 29, 2026Close100.094Jun 3, 2026Close99.875Jun 8, 2026Close99.625Jun 11, 2026Close99.969Jun 16, 2026Close100.031Jun 22, 2026Close99.563Jun 25, 2026Close99.938Jun 30, 2026Close99.875Jul 6, 2026Close99.875Jul 9, 2026Close99.719Jul 14, 2026Close99.594Jul 17, 2026Close99.656Jul 22, 2026Close99.250Jul 27, 2026Close99.250Jul 30, 2026Close99.406Aug 4, 2026Close99.563Aug 7, 2026Close99.531Aug 12, 2026Close99.500Aug 17, 2026Close99.531Aug 20, 2026Close99.500Aug 25, 2026Close99.563Aug 28, 2026Close99.094Sep 2, 2026Close98.969Sep 8, 2026Close98.938Sep 11, 2026Close98.281Sep 16, 2026Close98.000Sep 21, 2026Close98.000Sep 24, 2026Close97.500Sep 29, 2026Close97.500Oct 2, 2026Close97.594Oct 7, 2026Close97.750Oct 13, 2026Close97.750Oct 16, 2026Close98.031Oct 20, 2026Close97.906
The most recent 20 trading days of prices for 91282CLR0.
DateBidOfferClose
Oct 20, 202697.95397.93897.906
Oct 19, 202697.95397.93897.906
Oct 16, 202698.04798.03198.031
Oct 15, 202697.93897.90697.938
Oct 14, 202697.59497.56397.750
Oct 13, 202697.73497.71997.750
Oct 9, 202697.70397.68897.719
Oct 8, 202697.64197.62597.813
Oct 7, 202697.73497.71997.750
Oct 6, 202697.76697.75097.719
Oct 5, 202697.57897.56397.594
Oct 2, 202697.68897.65697.594
Oct 1, 202697.70397.68897.750
Sep 30, 202697.57897.56397.500
Sep 29, 202697.39197.37597.500
Sep 28, 202697.42297.40697.438
Sep 25, 202697.57897.56397.656
Sep 24, 202697.54797.53197.500
Sep 23, 202697.67297.65697.563
Sep 22, 202698.01698.00098.000

Prices are per 100 of face, from Treasury's own end-of-day file. A dash in the bid or offer column means none was posted that day.

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 91282CLR0.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Oct 28, 2024Oct 31, 2024New issue$70.0bn$71.2bn2.39x4.138%

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.