Treasury note

91282CRF0 · 4.625% due August 15, 2036

Original term
10-Year
Maturity
Aug 15, 2036
Coupon
4.625%
Pays
Semi-Annual
Dated
Aug 15, 2026
First coupon
Feb 15, 2027
Priced through
Sep 30, 2026
Analyzed through
Sep 30, 2026

Statement of August 31, 2026

Amount outstanding
$52.62bn
Held stripped
$1.1m
Share stripped
<0.01%

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
5.289%
Modified duration
7.726 yr
DV01
0.0738
Convexity
0.723
Dirty price
95.528

Where its rate sensitivity sits

<.01
0.01
0.04
0.09
0.20
0.37
0.87
6.33
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 8 of twelve buckets, summing to 7.917 years against a modified duration of 7.726.

Against the fitted curve

Priced 0.5 bp rich to the curve on that day, 3.42 cents per 100 of face.

That is 1.30 standard deviations from its own typical residual.

Yield to maturity, 32 observations

4.6%4.7%4.8%4.9%5.0%5.1%5.2%5.3%Aug 17, 2026Sep 30, 2026Aug 17, 2026Yield to maturity4.724%Aug 18, 2026Yield to maturity4.708%Aug 19, 2026Yield to maturity4.645%Aug 20, 2026Yield to maturity4.692%Aug 21, 2026Yield to maturity4.736%Aug 24, 2026Yield to maturity4.704%Aug 25, 2026Yield to maturity4.637%Aug 26, 2026Yield to maturity4.660%Aug 27, 2026Yield to maturity4.672%Aug 28, 2026Yield to maturity4.728%Aug 31, 2026Yield to maturity4.752%Sep 1, 2026Yield to maturity4.792%Sep 2, 2026Yield to maturity4.792%Sep 3, 2026Yield to maturity4.768%Sep 4, 2026Yield to maturity4.780%Sep 8, 2026Yield to maturity4.796%Sep 9, 2026Yield to maturity4.833%Sep 10, 2026Yield to maturity4.954%Sep 11, 2026Yield to maturity4.967%Sep 14, 2026Yield to maturity4.971%Sep 15, 2026Yield to maturity4.996%Sep 16, 2026Yield to maturity5.012%Sep 17, 2026Yield to maturity4.934%Sep 18, 2026Yield to maturity5.004%Sep 21, 2026Yield to maturity4.955%Sep 22, 2026Yield to maturity4.955%Sep 23, 2026Yield to maturity5.112%Sep 24, 2026Yield to maturity5.183%Sep 25, 2026Yield to maturity5.167%Sep 28, 2026Yield to maturity5.238%Sep 29, 2026Yield to maturity5.259%Sep 30, 2026Yield to maturity5.289%

Price history

32 trading days to Sep 30, 2026

949596979899100Aug 17, 2026Sep 30, 2026Aug 17, 2026Close99.219Aug 18, 2026Close99.344Aug 19, 2026Close99.844Aug 20, 2026Close99.469Aug 21, 2026Close99.125Aug 24, 2026Close99.375Aug 25, 2026Close99.906Aug 26, 2026Close99.719Aug 27, 2026Close99.625Aug 28, 2026Close99.188Aug 31, 2026Close99.000Sep 1, 2026Close98.688Sep 2, 2026Close98.688Sep 3, 2026Close98.875Sep 4, 2026Close98.781Sep 8, 2026Close98.656Sep 9, 2026Close98.375Sep 10, 2026Close97.438Sep 11, 2026Close97.344Sep 14, 2026Close97.313Sep 15, 2026Close97.125Sep 16, 2026Close97.000Sep 17, 2026Close97.594Sep 18, 2026Close97.063Sep 21, 2026Close97.438Sep 22, 2026Close97.438Sep 23, 2026Close96.250Sep 24, 2026Close95.719Sep 25, 2026Close95.844Sep 28, 2026Close95.313Sep 29, 2026Close95.156Sep 30, 2026Close94.938
The most recent 20 trading days of prices for 91282CRF0.
DateBidOfferClose
Sep 30, 202695.06395.06394.938
Sep 29, 202694.96994.96995.156
Sep 28, 202695.17295.15695.313
Sep 25, 202695.53195.53195.844
Sep 24, 202695.90695.90695.719
Sep 23, 202696.51696.50096.250
Sep 22, 202697.37597.37597.438
Sep 21, 202697.39197.37597.438
Sep 18, 202697.07897.06397.063
Sep 17, 202697.50097.50097.594
Sep 16, 202697.42297.40697.000
Sep 15, 202697.14197.12597.125
Sep 14, 202697.37597.37597.313
Sep 11, 202697.60997.59497.344
Sep 10, 202697.70397.68897.438
Sep 9, 202698.31398.31398.375
Sep 8, 202698.71998.71998.656
Sep 4, 202698.82898.81398.781
Sep 3, 202699.04799.03198.875
Sep 2, 202698.65698.65698.688

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.

Auction history for 91282CRF0.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Aug 12, 2026Aug 17, 2026New issue$42.0bn$52.6bn2.53x4.683%
Sep 9, 2026Sep 15, 2026Reopening$39.0bn$39.0bn2.71x4.834%
Oct 7, 2026Oct 15, 2026Reopening$39.0bn–––

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.