Treasury note

91282CMA6 · 4.125% due November 30, 2029

Original term
5-Year
Maturity
Nov 30, 2029
Coupon
4.125%
Pays
Semi-Annual
Dated
Nov 30, 2024
First coupon
May 31, 2025
Priced through
Nov 9, 2026
Analyzed through
Nov 9, 2026

Statement of October 31, 2026

Amount outstanding
$74.76bn
Held stripped
$41.6m
Share stripped
0.06%

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
4.623%
Modified duration
2.783 yr
DV01
0.0280
Convexity
0.095
Dirty price
100.431

Where its rate sensitivity sits

<.01
0.01
0.03
0.07
2.65
0.07
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 2.847 years against a modified duration of 2.783.

Against the fitted curve

Priced 1.4 bp rich to the curve on that day, 4.01 cents per 100 of face.

That is -0.80 standard deviations from its own typical residual.

Yield to maturity, 485 observations

3.0%3.5%4.0%4.5%5.0%5.5%Dec 2, 2024Nov 9, 2026Dec 2, 2024Yield to maturity4.076%Dec 5, 2024Yield to maturity4.069%Dec 10, 2024Yield to maturity4.090%Dec 13, 2024Yield to maturity4.252%Dec 18, 2024Yield to maturity4.394%Dec 23, 2024Yield to maturity4.438%Dec 27, 2024Yield to maturity4.453%Jan 2, 2025Yield to maturity4.367%Jan 7, 2025Yield to maturity4.462%Jan 10, 2025Yield to maturity4.586%Jan 15, 2025Yield to maturity4.448%Jan 21, 2025Yield to maturity4.391%Jan 24, 2025Yield to maturity4.428%Jan 29, 2025Yield to maturity4.348%Feb 3, 2025Yield to maturity4.349%Feb 6, 2025Yield to maturity4.276%Feb 11, 2025Yield to maturity4.372%Feb 14, 2025Yield to maturity4.328%Feb 20, 2025Yield to maturity4.336%Feb 25, 2025Yield to maturity4.124%Feb 28, 2025Yield to maturity4.029%Mar 5, 2025Yield to maturity4.073%Mar 10, 2025Yield to maturity3.977%Mar 13, 2025Yield to maturity4.021%Mar 18, 2025Yield to maturity4.065%Mar 21, 2025Yield to maturity3.991%Mar 26, 2025Yield to maturity4.079%Mar 31, 2025Yield to maturity3.946%Apr 3, 2025Yield to maturity3.733%Apr 8, 2025Yield to maturity3.857%Apr 11, 2025Yield to maturity4.132%Apr 16, 2025Yield to maturity3.878%Apr 22, 2025Yield to maturity3.952%Apr 25, 2025Yield to maturity3.855%Apr 30, 2025Yield to maturity3.691%May 5, 2025Yield to maturity3.913%May 8, 2025Yield to maturity3.973%May 13, 2025Yield to maturity4.102%May 16, 2025Yield to maturity4.041%May 21, 2025Yield to maturity4.117%May 27, 2025Yield to maturity4.010%May 30, 2025Yield to maturity3.949%Jun 4, 2025Yield to maturity3.910%Jun 9, 2025Yield to maturity4.071%Jun 12, 2025Yield to maturity3.947%Jun 17, 2025Yield to maturity3.962%Jun 23, 2025Yield to maturity3.869%Jun 26, 2025Yield to maturity3.761%Jul 1, 2025Yield to maturity3.814%Jul 7, 2025Yield to maturity3.929%Jul 10, 2025Yield to maturity3.905%Jul 15, 2025Yield to maturity4.022%Jul 18, 2025Yield to maturity3.927%Jul 23, 2025Yield to maturity3.911%Jul 28, 2025Yield to maturity3.942%Jul 31, 2025Yield to maturity3.934%Aug 5, 2025Yield to maturity3.737%Aug 8, 2025Yield to maturity3.806%Aug 13, 2025Yield to maturity3.735%Aug 18, 2025Yield to maturity3.820%Aug 21, 2025Yield to maturity3.828%Aug 26, 2025Yield to maturity3.700%Aug 29, 2025Yield to maturity3.651%Sep 4, 2025Yield to maturity3.610%Sep 9, 2025Yield to maturity3.569%Sep 12, 2025Yield to maturity3.599%Sep 17, 2025Yield to maturity3.590%Sep 22, 2025Yield to maturity3.661%Sep 25, 2025Yield to maturity3.733%Sep 30, 2025Yield to maturity3.699%Oct 3, 2025Yield to maturity3.674%Oct 8, 2025Yield to maturity3.689%Oct 14, 2025Yield to maturity3.558%Oct 17, 2025Yield to maturity3.548%Oct 22, 2025Yield to maturity3.522%Oct 27, 2025Yield to maturity3.578%Oct 30, 2025Yield to maturity3.684%Nov 4, 2025Yield to maturity3.658%Nov 7, 2025Yield to maturity3.631%Nov 13, 2025Yield to maturity3.663%Nov 18, 2025Yield to maturity3.654%Nov 21, 2025Yield to maturity3.569%Nov 26, 2025Yield to maturity3.534%Dec 2, 2025Yield to maturity3.608%Dec 5, 2025Yield to maturity3.657%Dec 10, 2025Yield to maturity3.656%Dec 15, 2025Yield to maturity3.662%Dec 18, 2025Yield to maturity3.594%Dec 23, 2025Yield to maturity3.668%Dec 29, 2025Yield to maturity3.598%Jan 2, 2026Yield to maturity3.656%Jan 7, 2026Yield to maturity3.612%Jan 12, 2026Yield to maturity3.688%Jan 15, 2026Yield to maturity3.696%Jan 21, 2026Yield to maturity3.746%Jan 26, 2026Yield to maturity3.736%Jan 29, 2026Yield to maturity3.709%Feb 3, 2026Yield to maturity3.734%Feb 6, 2026Yield to maturity3.662%Feb 11, 2026Yield to maturity3.661%Feb 17, 2026Yield to maturity3.545%Feb 20, 2026Yield to maturity3.569%Feb 25, 2026Yield to maturity3.542%Mar 2, 2026Yield to maturity3.549%Mar 5, 2026Yield to maturity3.654%Mar 10, 2026Yield to maturity3.662%Mar 13, 2026Yield to maturity3.805%Mar 18, 2026Yield to maturity3.813%Mar 23, 2026Yield to maturity3.903%Mar 26, 2026Yield to maturity4.050%Mar 31, 2026Yield to maturity3.856%Apr 3, 2026Yield to maturity3.929%Apr 8, 2026Yield to maturity3.855%Apr 13, 2026Yield to maturity3.845%Apr 16, 2026Yield to maturity3.844%Apr 21, 2026Yield to maturity3.834%Apr 24, 2026Yield to maturity3.842%Apr 29, 2026Yield to maturity3.992%May 4, 2026Yield to maturity4.020%May 7, 2026Yield to maturity3.982%May 12, 2026Yield to maturity4.067%May 15, 2026Yield to maturity4.192%May 20, 2026Yield to maturity4.154%May 26, 2026Yield to maturity4.135%May 29, 2026Yield to maturity4.086%Jun 3, 2026Yield to maturity4.164%Jun 8, 2026Yield to maturity4.242%Jun 11, 2026Yield to maturity4.134%Jun 16, 2026Yield to maturity4.115%Jun 22, 2026Yield to maturity4.262%Jun 25, 2026Yield to maturity4.134%Jun 30, 2026Yield to maturity4.164%Jul 6, 2026Yield to maturity4.164%Jul 9, 2026Yield to maturity4.224%Jul 14, 2026Yield to maturity4.254%Jul 17, 2026Yield to maturity4.234%Jul 22, 2026Yield to maturity4.366%Jul 27, 2026Yield to maturity4.377%Jul 30, 2026Yield to maturity4.317%Aug 4, 2026Yield to maturity4.276%Aug 7, 2026Yield to maturity4.277%Aug 12, 2026Yield to maturity4.298%Aug 17, 2026Yield to maturity4.288%Aug 20, 2026Yield to maturity4.299%Aug 25, 2026Yield to maturity4.279%Aug 28, 2026Yield to maturity4.436%Sep 2, 2026Yield to maturity4.479%Sep 8, 2026Yield to maturity4.491%Sep 11, 2026Yield to maturity4.728%Sep 16, 2026Yield to maturity4.826%Sep 21, 2026Yield to maturity4.829%Sep 24, 2026Yield to maturity5.005%Sep 29, 2026Yield to maturity5.008%Oct 2, 2026Yield to maturity4.979%Oct 7, 2026Yield to maturity4.926%Oct 13, 2026Yield to maturity4.930%Oct 16, 2026Yield to maturity4.834%Oct 21, 2026Yield to maturity4.902%Oct 26, 2026Yield to maturity4.794%Oct 29, 2026Yield to maturity4.740%Nov 3, 2026Yield to maturity4.687%Nov 6, 2026Yield to maturity4.589%Nov 9, 2026Yield to maturity4.623%

Price history

485 trading days to Nov 9, 2026

979899100101102103Dec 2, 2024Nov 9, 2026Dec 2, 2024Close100.219Dec 5, 2024Close100.250Dec 10, 2024Close100.156Dec 13, 2024Close99.438Dec 18, 2024Close98.813Dec 23, 2024Close98.625Dec 27, 2024Close98.563Jan 2, 2025Close98.938Jan 7, 2025Close98.531Jan 10, 2025Close98.000Jan 15, 2025Close98.594Jan 21, 2025Close98.844Jan 24, 2025Close98.688Jan 29, 2025Close99.031Feb 3, 2025Close99.031Feb 6, 2025Close99.344Feb 11, 2025Close98.938Feb 14, 2025Close99.125Feb 20, 2025Close99.094Feb 25, 2025Close100.000Feb 28, 2025Close100.406Mar 5, 2025Close100.219Mar 10, 2025Close100.625Mar 13, 2025Close100.438Mar 18, 2025Close100.250Mar 21, 2025Close100.563Mar 26, 2025Close100.188Mar 31, 2025Close100.750Apr 3, 2025Close101.656Apr 8, 2025Close101.125Apr 11, 2025Close99.969Apr 16, 2025Close101.031Apr 22, 2025Close100.719Apr 25, 2025Close101.125Apr 30, 2025Close101.813May 5, 2025Close100.875May 8, 2025Close100.625May 13, 2025Close100.094May 16, 2025Close100.344May 21, 2025Close100.031May 27, 2025Close100.469May 30, 2025Close100.719Jun 4, 2025Close100.875Jun 9, 2025Close100.219Jun 12, 2025Close100.719Jun 17, 2025Close100.656Jun 23, 2025Close101.031Jun 26, 2025Close101.469Jul 1, 2025Close101.250Jul 7, 2025Close100.781Jul 10, 2025Close100.875Jul 15, 2025Close100.406Jul 18, 2025Close100.781Jul 23, 2025Close100.844Jul 28, 2025Close100.719Jul 31, 2025Close100.750Aug 5, 2025Close101.531Aug 8, 2025Close101.250Aug 13, 2025Close101.531Aug 18, 2025Close101.188Aug 21, 2025Close101.156Aug 26, 2025Close101.656Aug 29, 2025Close101.844Sep 4, 2025Close102.000Sep 9, 2025Close102.156Sep 12, 2025Close102.031Sep 17, 2025Close102.063Sep 22, 2025Close101.781Sep 25, 2025Close101.500Sep 30, 2025Close101.625Oct 3, 2025Close101.719Oct 8, 2025Close101.656Oct 14, 2025Close102.156Oct 17, 2025Close102.188Oct 22, 2025Close102.281Oct 27, 2025Close102.063Oct 30, 2025Close101.656Nov 4, 2025Close101.750Nov 7, 2025Close101.844Nov 13, 2025Close101.719Nov 18, 2025Close101.750Nov 21, 2025Close102.063Nov 26, 2025Close102.188Dec 2, 2025Close101.906Dec 5, 2025Close101.719Dec 10, 2025Close101.719Dec 15, 2025Close101.688Dec 18, 2025Close101.938Dec 23, 2025Close101.656Dec 29, 2025Close101.906Jan 2, 2026Close101.688Jan 7, 2026Close101.844Jan 12, 2026Close101.563Jan 15, 2026Close101.531Jan 21, 2026Close101.344Jan 26, 2026Close101.375Jan 29, 2026Close101.469Feb 3, 2026Close101.375Feb 6, 2026Close101.625Feb 11, 2026Close101.625Feb 17, 2026Close102.031Feb 20, 2026Close101.938Feb 25, 2026Close102.031Mar 2, 2026Close102.000Mar 5, 2026Close101.625Mar 10, 2026Close101.594Mar 13, 2026Close101.094Mar 18, 2026Close101.063Mar 23, 2026Close100.750Mar 26, 2026Close100.250Mar 31, 2026Close100.906Apr 3, 2026Close100.656Apr 8, 2026Close100.906Apr 13, 2026Close100.938Apr 16, 2026Close100.938Apr 21, 2026Close100.969Apr 24, 2026Close100.938Apr 29, 2026Close100.438May 4, 2026Close100.344May 7, 2026Close100.469May 12, 2026Close100.188May 15, 2026Close99.781May 20, 2026Close99.906May 26, 2026Close99.969May 29, 2026Close100.125Jun 3, 2026Close99.875Jun 8, 2026Close99.625Jun 11, 2026Close99.969Jun 16, 2026Close100.031Jun 22, 2026Close99.563Jun 25, 2026Close99.969Jun 30, 2026Close99.875Jul 6, 2026Close99.875Jul 9, 2026Close99.688Jul 14, 2026Close99.594Jul 17, 2026Close99.656Jul 22, 2026Close99.250Jul 27, 2026Close99.219Jul 30, 2026Close99.406Aug 4, 2026Close99.531Aug 7, 2026Close99.531Aug 12, 2026Close99.469Aug 17, 2026Close99.500Aug 20, 2026Close99.469Aug 25, 2026Close99.531Aug 28, 2026Close99.063Sep 2, 2026Close98.938Sep 8, 2026Close98.906Sep 11, 2026Close98.219Sep 16, 2026Close97.938Sep 21, 2026Close97.938Sep 24, 2026Close97.438Sep 29, 2026Close97.438Oct 2, 2026Close97.531Oct 7, 2026Close97.688Oct 13, 2026Close97.688Oct 16, 2026Close97.969Oct 21, 2026Close97.781Oct 26, 2026Close98.094Oct 29, 2026Close98.250Nov 3, 2026Close98.406Nov 6, 2026Close98.688Nov 9, 2026Close98.594
The most recent 20 trading days of prices for 91282CMA6.
DateBidOfferClose
Nov 9, 202698.59498.60998.594
Nov 6, 202698.65698.67298.688
Nov 5, 202698.68898.70398.813
Nov 4, 202698.46998.48498.531
Nov 3, 202698.40698.42298.406
Nov 2, 202698.50098.51698.469
Oct 30, 202698.37598.39198.469
Oct 29, 202698.25098.26698.250
Oct 28, 202697.93897.95398.031
Oct 27, 202698.06398.07898.031
Oct 26, 202698.09498.10998.094
Oct 23, 202698.15698.15698.156
Oct 22, 202698.09498.10998.250
Oct 21, 202697.84497.84497.781
Oct 20, 202697.87597.89197.813
Oct 19, 202697.84497.87597.844
Oct 16, 202697.96997.98497.969
Oct 15, 202697.84497.87597.875
Oct 14, 202697.50097.51697.656
Oct 13, 202697.65697.67297.688

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 91282CMA6.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Nov 26, 2024Dec 2, 2024New issue$70.0bn$74.8bn2.43x4.197%

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.