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. For an inflation-linked security the difference is mostly inflation rather than float: Treasury reports what a holder is owed today, which includes the uplift shown as the index ratio above, while the index keeps original par and carries the uplift in the price. The index figures are published per holding.
Inflation-linked measures, October 20, 2026
An inflation-linked security prices off a real curve, so its yield is a real yield, a return above inflation rather than in cash terms, and its principal is indexed. The figures below are in REAL terms unless labeled otherwise.
Real yield
2.704%
Index ratio
1.0603
Real duration
7.435 yr
DV01
0.0716
Convexity
0.623
Real clean price
95.750
Accrued (real)
0.566
Real dirty price
96.316
Indexed principal
106.026
Money clean price
101.520
The index ratio is a multiplier, not a percentage: 1.0603 means the principal is worth that many times its original face today. So the real clean price of 95.750 is not what a buyer pays , multiply by the ratio to get 101.520 per 100 of original face.
Against the fitted real curve
Priced 1.6 bp cheap to the real curve on that day, 11.70 cents per 100 of face.
That is -1.04 standard deviations from its own typical residual.
Real yield, 431 observations
Price history
431 trading days to Oct 20, 2026
The most recent 20 trading days of prices for 91282CML2.
Date
Bid
Offer
Close
Oct 20, 2026
95.813
95.781
95.750
Oct 19, 2026
95.719
95.688
95.531
Oct 16, 2026
95.922
95.875
95.938
Oct 15, 2026
95.672
95.625
95.656
Oct 14, 2026
94.875
94.844
95.156
Oct 13, 2026
95.000
94.969
94.938
Oct 9, 2026
94.828
94.813
94.750
Oct 8, 2026
94.688
94.656
95.031
Oct 7, 2026
94.547
94.531
94.719
Oct 6, 2026
94.797
94.781
94.750
Oct 5, 2026
94.469
94.438
94.438
Oct 2, 2026
94.781
94.750
94.625
Oct 1, 2026
94.781
94.750
94.906
Sep 30, 2026
94.641
94.625
94.500
Sep 29, 2026
94.469
94.438
94.656
Sep 28, 2026
94.656
94.625
94.688
Sep 25, 2026
95.000
94.969
95.219
Sep 24, 2026
95.250
95.219
95.031
Sep 23, 2026
95.813
95.781
95.563
Sep 22, 2026
96.547
96.531
96.563
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.
3 auctions
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.
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.