Treasury note

91282CRG8 · 4.25% due August 15, 2029

Original term
3-Year
Maturity
Aug 15, 2029
Coupon
4.250%
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
$72.67bn
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
4.992%
Modified duration
2.652 yr
DV01
0.0261
Convexity
0.0858
Dirty price
98.574

Where its rate sensitivity sits

<.01
0.01
0.04
0.40
2.27
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 2.717 years against a modified duration of 2.652.

Against the fitted curve

Priced 1.2 bp rich to the curve on that day, 3.09 cents per 100 of face.

That is 2.26 standard deviations from its own typical residual.

Yield to maturity, 32 observations

4.2%4.4%4.6%4.8%5.0%5.2%Aug 17, 2026Sep 30, 2026Aug 17, 2026Yield to maturity4.250%Aug 18, 2026Yield to maturity4.261%Aug 19, 2026Yield to maturity4.250%Aug 20, 2026Yield to maturity4.261%Aug 21, 2026Yield to maturity4.306%Aug 24, 2026Yield to maturity4.306%Aug 25, 2026Yield to maturity4.250%Aug 26, 2026Yield to maturity4.283%Aug 27, 2026Yield to maturity4.295%Aug 28, 2026Yield to maturity4.409%Aug 31, 2026Yield to maturity4.397%Sep 1, 2026Yield to maturity4.455%Sep 2, 2026Yield to maturity4.443%Sep 3, 2026Yield to maturity4.409%Sep 4, 2026Yield to maturity4.444%Sep 8, 2026Yield to maturity4.467%Sep 9, 2026Yield to maturity4.502%Sep 10, 2026Yield to maturity4.653%Sep 11, 2026Yield to maturity4.712%Sep 14, 2026Yield to maturity4.736%Sep 15, 2026Yield to maturity4.760%Sep 16, 2026Yield to maturity4.807%Sep 17, 2026Yield to maturity4.737%Sep 18, 2026Yield to maturity4.832%Sep 21, 2026Yield to maturity4.809%Sep 22, 2026Yield to maturity4.810%Sep 23, 2026Yield to maturity4.964%Sep 24, 2026Yield to maturity4.989%Sep 25, 2026Yield to maturity4.931%Sep 28, 2026Yield to maturity5.003%Sep 29, 2026Yield to maturity4.980%Sep 30, 2026Yield to maturity4.992%

Price history

32 trading days to Sep 30, 2026

98.0098.5099.0099.50100.00Aug 17, 2026Sep 30, 2026Aug 17, 2026Close100.000Aug 18, 2026Close99.969Aug 19, 2026Close100.000Aug 20, 2026Close99.969Aug 21, 2026Close99.844Aug 24, 2026Close99.844Aug 25, 2026Close100.000Aug 26, 2026Close99.906Aug 27, 2026Close99.875Aug 28, 2026Close99.563Aug 31, 2026Close99.594Sep 1, 2026Close99.438Sep 2, 2026Close99.469Sep 3, 2026Close99.563Sep 4, 2026Close99.469Sep 8, 2026Close99.406Sep 9, 2026Close99.313Sep 10, 2026Close98.906Sep 11, 2026Close98.750Sep 14, 2026Close98.688Sep 15, 2026Close98.625Sep 16, 2026Close98.500Sep 17, 2026Close98.688Sep 18, 2026Close98.438Sep 21, 2026Close98.500Sep 22, 2026Close98.500Sep 23, 2026Close98.094Sep 24, 2026Close98.031Sep 25, 2026Close98.188Sep 28, 2026Close98.000Sep 29, 2026Close98.063Sep 30, 2026Close98.031
The most recent 20 trading days of prices for 91282CRG8.
DateBidOfferClose
Sep 30, 202698.09498.09498.031
Sep 29, 202697.92297.90698.063
Sep 28, 202697.95397.93898.000
Sep 25, 202698.09498.09498.188
Sep 24, 202698.04798.03198.031
Sep 23, 202698.18898.18898.094
Sep 22, 202698.50098.50098.500
Sep 21, 202698.53198.53198.500
Sep 18, 202698.46998.46998.438
Sep 17, 202698.65698.65698.688
Sep 16, 202698.78198.78198.500
Sep 15, 202698.67298.65698.625
Sep 14, 202698.75098.75098.688
Sep 11, 202698.82898.81398.750
Sep 10, 202699.01699.00098.906
Sep 9, 202699.31399.31399.313
Sep 8, 202699.43899.43899.406
Sep 4, 202699.48499.46999.469
Sep 3, 202699.60999.59499.563
Sep 2, 202699.43899.43899.469

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 91282CRG8.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Aug 11, 2026Aug 17, 2026New issue$58.0bn$72.7bn2.71x4.291%

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.

Free to benchmark against. Paid only to track. Measuring anything against these curves and indices is free. No license, no fee, no registration, and no permission needed to say that you did, including in a prospectus. A fee applies to one thing: launching a product that tracks an index.

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.