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
3.0 bp
Spread at auction
3.8 bp
Index rate
4.102%
Spread duration
1.911 yr
Spread DV01
0.0191
Clean price
100.014
Accrued
0.115
Dirty price
100.129
Rate duration
0.0004 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.
Not scored against its own history yet. A note needs 20 observations before a score means anything and this one has 6, so it carries none for roughly its first month.
Discount margin, 6 observations
Price history
6 trading days to Nov 9, 2026
The most recent 6 trading days of prices for 91282CRS2.
Date
Bid
Offer
Close
Nov 9, 2026
100.014
100.021
100.014
Nov 6, 2026
100.019
100.024
100.019
Nov 5, 2026
100.029
100.034
100.020
Nov 4, 2026
100.029
100.034
100.024
Nov 3, 2026
100.029
100.037
100.029
Nov 2, 2026
100.030
100.037
100.025
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.
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.
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.