Treasury note

91282CRQ6 · 4.875% due October 15, 2029

Original term
3-Year
Maturity
Oct 15, 2029
Coupon
4.875%
Pays
Semi-Annual
Dated
Oct 15, 2026
First coupon
Apr 15, 2027
Priced through
Oct 20, 2026
Analyzed through
Oct 20, 2026

Risk, October 20, 2026

Yield to maturity
4.863%
Modified duration
2.744 yr
DV01
0.0275
Convexity
0.0915
Dirty price
100.112

Where its rate sensitivity sits

<.01
0.01
0.04
0.13
2.63
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 2.810 years against a modified duration of 2.744.

Against the fitted curve

Priced 2.9 bp rich to the curve on that day, 7.83 cents per 100 of face.

Not scored against its own history. The z-score is written by a separate pass, and a security needs twenty observations before one is meaningful, so a new issue carries none for roughly its first month. An absent score is not evidence that a security is fairly priced.

Yield to maturity, 4 observations

4.81%4.82%4.83%4.84%4.85%4.86%4.87%Oct 15, 2026Oct 20, 2026Oct 15, 2026Yield to maturity4.852%Oct 16, 2026Yield to maturity4.818%Oct 19, 2026Yield to maturity4.852%Oct 20, 2026Yield to maturity4.863%

Price history

4 trading days to Oct 20, 2026

100.025100.050100.075100.100100.125100.150100.175Oct 15, 2026Oct 20, 2026Oct 15, 2026Close100.063Oct 16, 2026Close100.156Oct 19, 2026Close100.063Oct 20, 2026Close100.031
The most recent 4 trading days of prices for 91282CRQ6.
DateBidOfferClose
Oct 20, 2026100.063100.063100.031
Oct 19, 2026100.063100.063100.063
Oct 16, 2026100.172100.156100.156
Oct 15, 2026100.063100.063100.063

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 91282CRQ6.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Oct 6, 2026Oct 15, 2026New issue$58.0bn$59.4bn2.62x4.932%

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.