This security cannot be stripped, so no stripped figure exists for it rather than one that is zero. Stripping separates a coupon security into its individual interest and principal payments, which needs more than one cashflow to separate. 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.
Floating rate measures, November 9, 2026
A floating-rate note resets quarterly against the 13-week bill, so it has no yield to maturity: the cashflow schedule a yield would describe does not exist. What it has instead is a spread, the margin a buyer earns over that reference rate, and a sensitivity to that spread rather than to the level of rates.
Discount margin
0.2 bp
Spread at auction
10.3 bp
Index rate
4.102%
Spread duration
1.438 yr
Spread DV01
0.0144
Clean price
100.144
Accrued
0.116
Dirty price
100.260
Rate duration
0.0015 yr
Rate duration is almost zero, and that is the instrument rather than a missing number: because the coupon resets, the price barely moves when the level of rates moves. Spread duration is the one that matters here. It says how much the price moves if the market demands a wider margin.
Its current margin is -1.94 standard deviations from its own typical margin.
Discount margin, 133 observations
Price history
133 trading days to Nov 9, 2026
The most recent 20 trading days of prices for 91282CQM6.
Date
Bid
Offer
Close
Nov 9, 2026
100.140
100.151
100.144
Nov 6, 2026
100.151
100.162
100.151
Nov 5, 2026
100.156
100.165
100.160
Nov 4, 2026
100.138
100.151
100.138
Nov 3, 2026
100.142
100.153
100.142
Nov 2, 2026
100.150
100.157
100.150
Oct 30, 2026
100.136
100.145
100.143
Oct 29, 2026
100.122
100.129
100.133
Oct 28, 2026
100.114
100.122
100.114
Oct 27, 2026
100.115
100.124
100.115
Oct 26, 2026
100.115
100.124
100.115
Oct 23, 2026
100.122
100.130
100.118
Oct 22, 2026
100.119
100.128
100.119
Oct 21, 2026
100.119
100.126
100.119
Oct 20, 2026
100.119
100.126
100.119
Oct 19, 2026
100.119
100.127
100.123
Oct 16, 2026
100.119
100.127
100.123
Oct 15, 2026
100.120
100.127
100.116
Oct 14, 2026
100.105
100.116
100.108
Oct 13, 2026
100.109
100.116
100.109
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.
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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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.