Treasury note

91282CPT2 · 3.5% due January 15, 2029

Original term
3-Year
Maturity
Jan 15, 2029
Coupon
3.500%
Pays
Semi-Annual
Dated
Jan 15, 2026
First coupon
Jul 15, 2026
Priced through
Sep 30, 2026
Analyzed through
Sep 30, 2026

Statement of August 31, 2026

Amount outstanding
$74.88bn
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, September 30, 2026

Yield to maturity
4.944%
Modified duration
2.149 yr
DV01
0.0210
Convexity
0.0578
Dirty price
97.648

Where its rate sensitivity sits

<.01
0.01
0.03
1.54
0.62
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 5 of twelve buckets, summing to 2.204 years against a modified duration of 2.149.

Against the fitted curve

Priced 0.2 bp rich to the curve on that day, 0.44 cents per 100 of face.

That is 1.39 standard deviations from its own typical residual.

Yield to maturity, 179 observations

3.25%3.50%3.75%4.00%4.25%4.50%4.75%5.00%Jan 15, 2026Sep 30, 2026Jan 15, 2026Yield to maturity3.622%Jan 16, 2026Yield to maturity3.667%Jan 20, 2026Yield to maturity3.678%Jan 21, 2026Yield to maturity3.656%Jan 22, 2026Yield to maturity3.679%Jan 23, 2026Yield to maturity3.668%Jan 26, 2026Yield to maturity3.657%Jan 27, 2026Yield to maturity3.645%Jan 28, 2026Yield to maturity3.657%Jan 29, 2026Yield to maturity3.623%Jan 30, 2026Yield to maturity3.601%Feb 2, 2026Yield to maturity3.635%Feb 3, 2026Yield to maturity3.635%Feb 4, 2026Yield to maturity3.635%Feb 5, 2026Yield to maturity3.545%Feb 6, 2026Yield to maturity3.567%Feb 9, 2026Yield to maturity3.556%Feb 10, 2026Yield to maturity3.511%Feb 11, 2026Yield to maturity3.567%Feb 12, 2026Yield to maturity3.499%Feb 13, 2026Yield to maturity3.442%Feb 17, 2026Yield to maturity3.465%Feb 18, 2026Yield to maturity3.499%Feb 19, 2026Yield to maturity3.499%Feb 20, 2026Yield to maturity3.499%Feb 23, 2026Yield to maturity3.442%Feb 24, 2026Yield to maturity3.465%Feb 25, 2026Yield to maturity3.488%Feb 26, 2026Yield to maturity3.453%Feb 27, 2026Yield to maturity3.384%Mar 2, 2026Yield to maturity3.487%Mar 3, 2026Yield to maturity3.499%Mar 4, 2026Yield to maturity3.545%Mar 5, 2026Yield to maturity3.592%Mar 6, 2026Yield to maturity3.580%Mar 9, 2026Yield to maturity3.580%Mar 10, 2026Yield to maturity3.604%Mar 11, 2026Yield to maturity3.650%Mar 12, 2026Yield to maturity3.768%Mar 13, 2026Yield to maturity3.757%Mar 16, 2026Yield to maturity3.686%Mar 17, 2026Yield to maturity3.675%Mar 18, 2026Yield to maturity3.757%Mar 19, 2026Yield to maturity3.793%Mar 20, 2026Yield to maturity3.913%Mar 23, 2026Yield to maturity3.853%Mar 24, 2026Yield to maturity3.937%Mar 25, 2026Yield to maturity3.890%Mar 26, 2026Yield to maturity4.010%Mar 27, 2026Yield to maturity3.939%Mar 30, 2026Yield to maturity3.856%Mar 31, 2026Yield to maturity3.808%Apr 1, 2026Yield to maturity3.844%Apr 2, 2026Yield to maturity3.821%Apr 3, 2026Yield to maturity3.870%Apr 6, 2026Yield to maturity3.870%Apr 7, 2026Yield to maturity3.834%Apr 8, 2026Yield to maturity3.810%Apr 9, 2026Yield to maturity3.799%Apr 10, 2026Yield to maturity3.812%Apr 13, 2026Yield to maturity3.800%Apr 14, 2026Yield to maturity3.752%Apr 15, 2026Yield to maturity3.776%Apr 16, 2026Yield to maturity3.789%Apr 17, 2026Yield to maturity3.716%Apr 20, 2026Yield to maturity3.729%Apr 21, 2026Yield to maturity3.790%Apr 22, 2026Yield to maturity3.802%Apr 23, 2026Yield to maturity3.839%Apr 24, 2026Yield to maturity3.791%Apr 27, 2026Yield to maturity3.829%Apr 28, 2026Yield to maturity3.866%Apr 29, 2026Yield to maturity3.940%Apr 30, 2026Yield to maturity3.904%May 1, 2026Yield to maturity3.905%May 4, 2026Yield to maturity3.980%May 5, 2026Yield to maturity3.955%May 6, 2026Yield to maturity3.881%May 7, 2026Yield to maturity3.944%May 8, 2026Yield to maturity3.920%May 11, 2026Yield to maturity3.970%May 12, 2026Yield to maturity4.021%May 13, 2026Yield to maturity4.009%May 14, 2026Yield to maturity4.035%May 15, 2026Yield to maturity4.137%May 18, 2026Yield to maturity4.138%May 19, 2026Yield to maturity4.189%May 20, 2026Yield to maturity4.101%May 21, 2026Yield to maturity4.127%May 22, 2026Yield to maturity4.168%May 26, 2026Yield to maturity4.092%May 27, 2026Yield to maturity4.080%May 28, 2026Yield to maturity4.068%May 29, 2026Yield to maturity4.057%Jun 1, 2026Yield to maturity4.096%Jun 2, 2026Yield to maturity4.084%Jun 3, 2026Yield to maturity4.123%Jun 4, 2026Yield to maturity4.098%Jun 5, 2026Yield to maturity4.216%Jun 8, 2026Yield to maturity4.204%Jun 9, 2026Yield to maturity4.179%Jun 10, 2026Yield to maturity4.179%Jun 11, 2026Yield to maturity4.102%Jun 12, 2026Yield to maturity4.130%Jun 15, 2026Yield to maturity4.105%Jun 16, 2026Yield to maturity4.079%Jun 17, 2026Yield to maturity4.237%Jun 18, 2026Yield to maturity4.200%Jun 22, 2026Yield to maturity4.267%Jun 23, 2026Yield to maturity4.228%Jun 24, 2026Yield to maturity4.163%Jun 25, 2026Yield to maturity4.138%Jun 26, 2026Yield to maturity4.100%Jun 29, 2026Yield to maturity4.114%Jun 30, 2026Yield to maturity4.154%Jul 1, 2026Yield to maturity4.195%Jul 2, 2026Yield to maturity4.171%Jul 6, 2026Yield to maturity4.145%Jul 7, 2026Yield to maturity4.213%Jul 8, 2026Yield to maturity4.240%Jul 9, 2026Yield to maturity4.201%Jul 10, 2026Yield to maturity4.230%Jul 13, 2026Yield to maturity4.298%Jul 14, 2026Yield to maturity4.232%Jul 15, 2026Yield to maturity4.165%Jul 16, 2026Yield to maturity4.193%Jul 17, 2026Yield to maturity4.208%Jul 20, 2026Yield to maturity4.250%Jul 21, 2026Yield to maturity4.291%Jul 22, 2026Yield to maturity4.346%Jul 23, 2026Yield to maturity4.388%Jul 24, 2026Yield to maturity4.363%Jul 27, 2026Yield to maturity4.364%Jul 28, 2026Yield to maturity4.310%Jul 29, 2026Yield to maturity4.284%Jul 30, 2026Yield to maturity4.285%Jul 31, 2026Yield to maturity4.328%Aug 3, 2026Yield to maturity4.302%Aug 4, 2026Yield to maturity4.234%Aug 5, 2026Yield to maturity4.234%Aug 6, 2026Yield to maturity4.290%Aug 7, 2026Yield to maturity4.237%Aug 10, 2026Yield to maturity4.293%Aug 11, 2026Yield to maturity4.280%Aug 12, 2026Yield to maturity4.254%Aug 13, 2026Yield to maturity4.199%Aug 14, 2026Yield to maturity4.215%Aug 17, 2026Yield to maturity4.230%Aug 18, 2026Yield to maturity4.230%Aug 19, 2026Yield to maturity4.217%Aug 20, 2026Yield to maturity4.232%Aug 21, 2026Yield to maturity4.276%Aug 24, 2026Yield to maturity4.277%Aug 25, 2026Yield to maturity4.236%Aug 26, 2026Yield to maturity4.265%Aug 27, 2026Yield to maturity4.265%Aug 28, 2026Yield to maturity4.381%Aug 31, 2026Yield to maturity4.382%Sep 1, 2026Yield to maturity4.426%Sep 2, 2026Yield to maturity4.427%Sep 3, 2026Yield to maturity4.385%Sep 4, 2026Yield to maturity4.417%Sep 8, 2026Yield to maturity4.433%Sep 9, 2026Yield to maturity4.477%Sep 10, 2026Yield to maturity4.608%Sep 11, 2026Yield to maturity4.684%Sep 14, 2026Yield to maturity4.700%Sep 15, 2026Yield to maturity4.730%Sep 16, 2026Yield to maturity4.790%Sep 17, 2026Yield to maturity4.718%Sep 18, 2026Yield to maturity4.810%Sep 21, 2026Yield to maturity4.797%Sep 22, 2026Yield to maturity4.799%Sep 23, 2026Yield to maturity4.933%Sep 24, 2026Yield to maturity4.949%Sep 25, 2026Yield to maturity4.895%Sep 28, 2026Yield to maturity4.971%Sep 29, 2026Yield to maturity4.943%Sep 30, 2026Yield to maturity4.944%

Price history

179 trading days to Sep 30, 2026

96979899100101Jan 15, 2026Sep 30, 2026Jan 15, 2026Close99.656Jan 16, 2026Close99.531Jan 20, 2026Close99.500Jan 21, 2026Close99.563Jan 22, 2026Close99.500Jan 23, 2026Close99.531Jan 26, 2026Close99.563Jan 27, 2026Close99.594Jan 28, 2026Close99.563Jan 29, 2026Close99.656Jan 30, 2026Close99.719Feb 2, 2026Close99.625Feb 3, 2026Close99.625Feb 4, 2026Close99.625Feb 5, 2026Close99.875Feb 6, 2026Close99.813Feb 9, 2026Close99.844Feb 10, 2026Close99.969Feb 11, 2026Close99.813Feb 12, 2026Close100.000Feb 13, 2026Close100.156Feb 17, 2026Close100.094Feb 18, 2026Close100.000Feb 19, 2026Close100.000Feb 20, 2026Close100.000Feb 23, 2026Close100.156Feb 24, 2026Close100.094Feb 25, 2026Close100.031Feb 26, 2026Close100.125Feb 27, 2026Close100.313Mar 2, 2026Close100.031Mar 3, 2026Close100.000Mar 4, 2026Close99.875Mar 5, 2026Close99.750Mar 6, 2026Close99.781Mar 9, 2026Close99.781Mar 10, 2026Close99.719Mar 11, 2026Close99.594Mar 12, 2026Close99.281Mar 13, 2026Close99.313Mar 16, 2026Close99.500Mar 17, 2026Close99.531Mar 18, 2026Close99.313Mar 19, 2026Close99.219Mar 20, 2026Close98.906Mar 23, 2026Close99.063Mar 24, 2026Close98.844Mar 25, 2026Close98.969Mar 26, 2026Close98.656Mar 27, 2026Close98.844Mar 30, 2026Close99.063Mar 31, 2026Close99.188Apr 1, 2026Close99.094Apr 2, 2026Close99.156Apr 3, 2026Close99.031Apr 6, 2026Close99.031Apr 7, 2026Close99.125Apr 8, 2026Close99.188Apr 9, 2026Close99.219Apr 10, 2026Close99.188Apr 13, 2026Close99.219Apr 14, 2026Close99.344Apr 15, 2026Close99.281Apr 16, 2026Close99.250Apr 17, 2026Close99.438Apr 20, 2026Close99.406Apr 21, 2026Close99.250Apr 22, 2026Close99.219Apr 23, 2026Close99.125Apr 24, 2026Close99.250Apr 27, 2026Close99.156Apr 28, 2026Close99.063Apr 29, 2026Close98.875Apr 30, 2026Close98.969May 1, 2026Close98.969May 4, 2026Close98.781May 5, 2026Close98.844May 6, 2026Close99.031May 7, 2026Close98.875May 8, 2026Close98.938May 11, 2026Close98.813May 12, 2026Close98.688May 13, 2026Close98.719May 14, 2026Close98.656May 15, 2026Close98.406May 18, 2026Close98.406May 19, 2026Close98.281May 20, 2026Close98.500May 21, 2026Close98.438May 22, 2026Close98.344May 26, 2026Close98.531May 27, 2026Close98.563May 28, 2026Close98.594May 29, 2026Close98.625Jun 1, 2026Close98.531Jun 2, 2026Close98.563Jun 3, 2026Close98.469Jun 4, 2026Close98.531Jun 5, 2026Close98.250Jun 8, 2026Close98.281Jun 9, 2026Close98.344Jun 10, 2026Close98.344Jun 11, 2026Close98.531Jun 12, 2026Close98.469Jun 15, 2026Close98.531Jun 16, 2026Close98.594Jun 17, 2026Close98.219Jun 18, 2026Close98.313Jun 22, 2026Close98.156Jun 23, 2026Close98.250Jun 24, 2026Close98.406Jun 25, 2026Close98.469Jun 26, 2026Close98.563Jun 29, 2026Close98.531Jun 30, 2026Close98.438Jul 1, 2026Close98.344Jul 2, 2026Close98.406Jul 6, 2026Close98.469Jul 7, 2026Close98.313Jul 8, 2026Close98.250Jul 9, 2026Close98.344Jul 10, 2026Close98.281Jul 13, 2026Close98.125Jul 14, 2026Close98.281Jul 15, 2026Close98.438Jul 16, 2026Close98.375Jul 17, 2026Close98.344Jul 20, 2026Close98.250Jul 21, 2026Close98.156Jul 22, 2026Close98.031Jul 23, 2026Close97.938Jul 24, 2026Close98.000Jul 27, 2026Close98.000Jul 28, 2026Close98.125Jul 29, 2026Close98.188Jul 30, 2026Close98.188Jul 31, 2026Close98.094Aug 3, 2026Close98.156Aug 4, 2026Close98.313Aug 5, 2026Close98.313Aug 6, 2026Close98.188Aug 7, 2026Close98.313Aug 10, 2026Close98.188Aug 11, 2026Close98.219Aug 12, 2026Close98.281Aug 13, 2026Close98.406Aug 14, 2026Close98.375Aug 17, 2026Close98.344Aug 18, 2026Close98.344Aug 19, 2026Close98.375Aug 20, 2026Close98.344Aug 21, 2026Close98.250Aug 24, 2026Close98.250Aug 25, 2026Close98.344Aug 26, 2026Close98.281Aug 27, 2026Close98.281Aug 28, 2026Close98.031Aug 31, 2026Close98.031Sep 1, 2026Close97.938Sep 2, 2026Close97.938Sep 3, 2026Close98.031Sep 4, 2026Close97.969Sep 8, 2026Close97.938Sep 9, 2026Close97.844Sep 10, 2026Close97.563Sep 11, 2026Close97.406Sep 14, 2026Close97.375Sep 15, 2026Close97.313Sep 16, 2026Close97.188Sep 17, 2026Close97.344Sep 18, 2026Close97.156Sep 21, 2026Close97.188Sep 22, 2026Close97.188Sep 23, 2026Close96.906Sep 24, 2026Close96.875Sep 25, 2026Close97.000Sep 28, 2026Close96.844Sep 29, 2026Close96.906Sep 30, 2026Close96.906
The most recent 20 trading days of prices for 91282CPT2.
DateBidOfferClose
Sep 30, 202696.95396.93896.906
Sep 29, 202696.81396.81396.906
Sep 28, 202696.82896.81396.844
Sep 25, 202696.92296.90697.000
Sep 24, 202696.89196.87596.875
Sep 23, 202696.98496.96996.906
Sep 22, 202697.20397.18897.188
Sep 21, 202697.21997.21997.188
Sep 18, 202697.18897.18897.156
Sep 17, 202697.32897.31397.344
Sep 16, 202697.45397.43897.188
Sep 15, 202697.35997.34497.313
Sep 14, 202697.40697.40697.375
Sep 11, 202697.46997.46997.406
Sep 10, 202697.62597.62597.563
Sep 9, 202697.85997.84497.844
Sep 8, 202697.95397.93897.938
Sep 4, 202697.98497.96997.969
Sep 3, 202698.07898.06398.031
Sep 2, 202697.93897.93897.938

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 91282CPT2.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Jan 12, 2026Jan 15, 2026New issue$58.0bn$74.9bn2.65x3.609%

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.