Treasury note

91282CQV6 · 4.125% due June 15, 2029

Original term
3-Year
Maturity
Jun 15, 2029
Coupon
4.125%
Pays
Semi-Annual
Dated
Jun 15, 2026
First coupon
Dec 15, 2026
Priced through
Sep 30, 2026
Analyzed through
Sep 30, 2026

Statement of August 31, 2026

Amount outstanding
$58.00bn
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
4.972%
Modified duration
2.493 yr
DV01
0.0247
Convexity
0.0768
Dirty price
99.092

Where its rate sensitivity sits

<.01
0.01
0.03
0.78
1.73
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 2.554 years against a modified duration of 2.493.

Against the fitted curve

Priced 1.7 bp rich to the curve on that day, 4.12 cents per 100 of face.

That is 0.76 standard deviations from its own typical residual.

Yield to maturity, 75 observations

4.0%4.2%4.4%4.6%4.8%5.0%Jun 15, 2026Sep 30, 2026Jun 15, 2026Yield to maturity4.103%Jun 16, 2026Yield to maturity4.080%Jun 17, 2026Yield to maturity4.226%Jun 18, 2026Yield to maturity4.192%Jun 22, 2026Yield to maturity4.249%Jun 23, 2026Yield to maturity4.215%Jun 24, 2026Yield to maturity4.147%Jun 25, 2026Yield to maturity4.125%Jun 26, 2026Yield to maturity4.091%Jun 29, 2026Yield to maturity4.102%Jun 30, 2026Yield to maturity4.147%Jul 1, 2026Yield to maturity4.193%Jul 2, 2026Yield to maturity4.158%Jul 6, 2026Yield to maturity4.136%Jul 7, 2026Yield to maturity4.204%Jul 8, 2026Yield to maturity4.238%Jul 9, 2026Yield to maturity4.193%Jul 10, 2026Yield to maturity4.239%Jul 13, 2026Yield to maturity4.296%Jul 14, 2026Yield to maturity4.227%Jul 15, 2026Yield to maturity4.170%Jul 16, 2026Yield to maturity4.193%Jul 17, 2026Yield to maturity4.205%Jul 20, 2026Yield to maturity4.239%Jul 21, 2026Yield to maturity4.297%Jul 22, 2026Yield to maturity4.344%Jul 23, 2026Yield to maturity4.391%Jul 24, 2026Yield to maturity4.356%Jul 27, 2026Yield to maturity4.357%Jul 28, 2026Yield to maturity4.298%Jul 29, 2026Yield to maturity4.287%Jul 30, 2026Yield to maturity4.287%Jul 31, 2026Yield to maturity4.346%Aug 3, 2026Yield to maturity4.311%Aug 4, 2026Yield to maturity4.252%Aug 5, 2026Yield to maturity4.241%Aug 6, 2026Yield to maturity4.311%Aug 7, 2026Yield to maturity4.253%Aug 10, 2026Yield to maturity4.312%Aug 11, 2026Yield to maturity4.288%Aug 12, 2026Yield to maturity4.265%Aug 13, 2026Yield to maturity4.206%Aug 14, 2026Yield to maturity4.242%Aug 17, 2026Yield to maturity4.254%Aug 18, 2026Yield to maturity4.254%Aug 19, 2026Yield to maturity4.242%Aug 20, 2026Yield to maturity4.254%Aug 21, 2026Yield to maturity4.302%Aug 24, 2026Yield to maturity4.302%Aug 25, 2026Yield to maturity4.254%Aug 26, 2026Yield to maturity4.278%Aug 27, 2026Yield to maturity4.291%Aug 28, 2026Yield to maturity4.400%Aug 31, 2026Yield to maturity4.400%Sep 1, 2026Yield to maturity4.448%Sep 2, 2026Yield to maturity4.449%Sep 3, 2026Yield to maturity4.400%Sep 4, 2026Yield to maturity4.438%Sep 8, 2026Yield to maturity4.463%Sep 9, 2026Yield to maturity4.500%Sep 10, 2026Yield to maturity4.647%Sep 11, 2026Yield to maturity4.698%Sep 14, 2026Yield to maturity4.723%Sep 15, 2026Yield to maturity4.749%Sep 16, 2026Yield to maturity4.799%Sep 17, 2026Yield to maturity4.737%Sep 18, 2026Yield to maturity4.826%Sep 21, 2026Yield to maturity4.802%Sep 22, 2026Yield to maturity4.803%Sep 23, 2026Yield to maturity4.966%Sep 24, 2026Yield to maturity4.980%Sep 25, 2026Yield to maturity4.919%Sep 28, 2026Yield to maturity4.995%Sep 29, 2026Yield to maturity4.971%Sep 30, 2026Yield to maturity4.972%

Price history

75 trading days to Sep 30, 2026

97.5098.0098.5099.0099.50100.00100.50Jun 15, 2026Sep 30, 2026Jun 15, 2026Close100.063Jun 16, 2026Close100.125Jun 17, 2026Close99.719Jun 18, 2026Close99.813Jun 22, 2026Close99.656Jun 23, 2026Close99.750Jun 24, 2026Close99.938Jun 25, 2026Close100.000Jun 26, 2026Close100.094Jun 29, 2026Close100.063Jun 30, 2026Close99.938Jul 1, 2026Close99.813Jul 2, 2026Close99.906Jul 6, 2026Close99.969Jul 7, 2026Close99.781Jul 8, 2026Close99.688Jul 9, 2026Close99.813Jul 10, 2026Close99.688Jul 13, 2026Close99.531Jul 14, 2026Close99.719Jul 15, 2026Close99.875Jul 16, 2026Close99.813Jul 17, 2026Close99.781Jul 20, 2026Close99.688Jul 21, 2026Close99.531Jul 22, 2026Close99.406Jul 23, 2026Close99.281Jul 24, 2026Close99.375Jul 27, 2026Close99.375Jul 28, 2026Close99.531Jul 29, 2026Close99.563Jul 30, 2026Close99.563Jul 31, 2026Close99.406Aug 3, 2026Close99.500Aug 4, 2026Close99.656Aug 5, 2026Close99.688Aug 6, 2026Close99.500Aug 7, 2026Close99.656Aug 10, 2026Close99.500Aug 11, 2026Close99.563Aug 12, 2026Close99.625Aug 13, 2026Close99.781Aug 14, 2026Close99.688Aug 17, 2026Close99.656Aug 18, 2026Close99.656Aug 19, 2026Close99.688Aug 20, 2026Close99.656Aug 21, 2026Close99.531Aug 24, 2026Close99.531Aug 25, 2026Close99.656Aug 26, 2026Close99.594Aug 27, 2026Close99.563Aug 28, 2026Close99.281Aug 31, 2026Close99.281Sep 1, 2026Close99.156Sep 2, 2026Close99.156Sep 3, 2026Close99.281Sep 4, 2026Close99.188Sep 8, 2026Close99.125Sep 9, 2026Close99.031Sep 10, 2026Close98.656Sep 11, 2026Close98.531Sep 14, 2026Close98.469Sep 15, 2026Close98.406Sep 16, 2026Close98.281Sep 17, 2026Close98.438Sep 18, 2026Close98.219Sep 21, 2026Close98.281Sep 22, 2026Close98.281Sep 23, 2026Close97.875Sep 24, 2026Close97.844Sep 25, 2026Close98.000Sep 28, 2026Close97.813Sep 29, 2026Close97.875Sep 30, 2026Close97.875
The most recent 20 trading days of prices for 91282CQV6.
DateBidOfferClose
Sep 30, 202697.92297.90697.875
Sep 29, 202697.75097.75097.875
Sep 28, 202697.78197.78197.813
Sep 25, 202697.90697.90698.000
Sep 24, 202697.85997.84497.844
Sep 23, 202697.98497.96997.875
Sep 22, 202698.28198.28198.281
Sep 21, 202698.29798.28198.281
Sep 18, 202698.25098.25098.219
Sep 17, 202698.42298.40698.438
Sep 16, 202698.54798.53198.281
Sep 15, 202698.45398.43898.406
Sep 14, 202698.51698.50098.469
Sep 11, 202698.59498.59498.531
Sep 10, 202698.76698.75098.656
Sep 9, 202699.04799.03199.031
Sep 8, 202699.15699.15699.125
Sep 4, 202699.20399.18899.188
Sep 3, 202699.31399.31399.281
Sep 2, 202699.15699.15699.156

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 91282CQV6.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Jun 9, 2026Jun 15, 2026New issue$58.0bn$58.0bn2.64x4.192%

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.