Treasury note

91282CAE1 · 0.625% due August 15, 2030

Original term
10-Year
Maturity
Aug 15, 2030
Coupon
0.625%
Pays
Semi-Annual
Dated
Aug 15, 2020
First coupon
Feb 15, 2021
Priced through
Sep 9, 2026
Analyzed through
Sep 9, 2026

Statement of August 31, 2026

Amount outstanding
$132.35bn
Held stripped
$72.0m
Share stripped
0.05%

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 9, 2026

Yield to maturity
4.576%
Modified duration
3.795 yr
DV01
0.0326
Convexity
16.369
Dirty price
85.982

Where its rate sensitivity sits

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 3.881 years against a modified duration of 3.795.

Against the fitted curve

Priced 1.2 bp rich to the curve on that day, 4.02 cents per 100 of face.

That is -1.90 standard deviations from its own typical residual.

Yield to maturity, 1,518 observations

0%1%2%3%4%5%Aug 17, 2020Sep 9, 2026Aug 17, 2020Yield to maturity0.687%Aug 26, 2020Yield to maturity0.690%Sep 4, 2020Yield to maturity0.713%Sep 16, 2020Yield to maturity0.687%Sep 25, 2020Yield to maturity0.658%Oct 6, 2020Yield to maturity0.750%Oct 16, 2020Yield to maturity0.744%Oct 27, 2020Yield to maturity0.778%Nov 5, 2020Yield to maturity0.775%Nov 17, 2020Yield to maturity0.853%Nov 27, 2020Yield to maturity0.830%Dec 8, 2020Yield to maturity0.905%Dec 17, 2020Yield to maturity0.916%Dec 29, 2020Yield to maturity0.921%Jan 8, 2021Yield to maturity1.100%Jan 20, 2021Yield to maturity1.073%Jan 29, 2021Yield to maturity1.081%Feb 9, 2021Yield to maturity1.143%Feb 19, 2021Yield to maturity1.307%Mar 2, 2021Yield to maturity1.389%Mar 11, 2021Yield to maturity1.495%Mar 22, 2021Yield to maturity1.652%Mar 31, 2021Yield to maturity1.708%Apr 9, 2021Yield to maturity1.631%Apr 20, 2021Yield to maturity1.535%Apr 29, 2021Yield to maturity1.610%May 10, 2021Yield to maturity1.575%May 19, 2021Yield to maturity1.634%May 28, 2021Yield to maturity1.534%Jun 9, 2021Yield to maturity1.445%Jun 18, 2021Yield to maturity1.414%Jun 29, 2021Yield to maturity1.446%Jul 9, 2021Yield to maturity1.324%Jul 20, 2021Yield to maturity1.179%Jul 29, 2021Yield to maturity1.225%Aug 9, 2021Yield to maturity1.273%Aug 18, 2021Yield to maturity1.218%Aug 27, 2021Yield to maturity1.254%Sep 8, 2021Yield to maturity1.279%Sep 17, 2021Yield to maturity1.311%Sep 28, 2021Yield to maturity1.485%Oct 7, 2021Yield to maturity1.514%Oct 19, 2021Yield to maturity1.585%Oct 28, 2021Yield to maturity1.516%Nov 8, 2021Yield to maturity1.452%Nov 18, 2021Yield to maturity1.538%Nov 30, 2021Yield to maturity1.394%Dec 9, 2021Yield to maturity1.443%Dec 20, 2021Yield to maturity1.374%Dec 30, 2021Yield to maturity1.462%Jan 10, 2022Yield to maturity1.729%Jan 20, 2022Yield to maturity1.795%Jan 31, 2022Yield to maturity1.765%Feb 9, 2022Yield to maturity1.928%Feb 18, 2022Yield to maturity1.916%Mar 2, 2022Yield to maturity1.839%Mar 11, 2022Yield to maturity1.989%Mar 22, 2022Yield to maturity2.387%Mar 31, 2022Yield to maturity2.348%Apr 11, 2022Yield to maturity2.806%Apr 21, 2022Yield to maturity2.925%May 2, 2022Yield to maturity3.005%May 11, 2022Yield to maturity2.921%May 20, 2022Yield to maturity2.783%Jun 1, 2022Yield to maturity2.947%Jun 10, 2022Yield to maturity3.192%Jun 22, 2022Yield to maturity3.176%Jul 1, 2022Yield to maturity2.881%Jul 13, 2022Yield to maturity2.926%Jul 22, 2022Yield to maturity2.791%Aug 2, 2022Yield to maturity2.754%Aug 11, 2022Yield to maturity2.871%Aug 22, 2022Yield to maturity3.041%Aug 31, 2022Yield to maturity3.172%Sep 12, 2022Yield to maturity3.384%Sep 21, 2022Yield to maturity3.541%Sep 30, 2022Yield to maturity3.862%Oct 12, 2022Yield to maturity3.943%Oct 21, 2022Yield to maturity4.200%Nov 1, 2022Yield to maturity4.068%Nov 10, 2022Yield to maturity3.812%Nov 22, 2022Yield to maturity3.763%Dec 2, 2022Yield to maturity3.516%Dec 13, 2022Yield to maturity3.504%Dec 22, 2022Yield to maturity3.678%Jan 4, 2023Yield to maturity3.691%Jan 13, 2023Yield to maturity3.459%Jan 25, 2023Yield to maturity3.399%Feb 3, 2023Yield to maturity3.511%Feb 14, 2023Yield to maturity3.791%Feb 24, 2023Yield to maturity4.004%Mar 7, 2023Yield to maturity4.060%Mar 16, 2023Yield to maturity3.633%Mar 27, 2023Yield to maturity3.536%Apr 5, 2023Yield to maturity3.292%Apr 14, 2023Yield to maturity3.514%Apr 25, 2023Yield to maturity3.377%May 4, 2023Yield to maturity3.289%May 15, 2023Yield to maturity3.452%May 24, 2023Yield to maturity3.722%Jun 5, 2023Yield to maturity3.731%Jun 14, 2023Yield to maturity3.906%Jun 26, 2023Yield to maturity3.807%Jul 6, 2023Yield to maturity4.172%Jul 17, 2023Yield to maturity3.878%Jul 26, 2023Yield to maturity3.953%Aug 4, 2023Yield to maturity4.079%Aug 15, 2023Yield to maturity4.287%Aug 24, 2023Yield to maturity4.312%Sep 5, 2023Yield to maturity4.323%Sep 14, 2023Yield to maturity4.360%Sep 25, 2023Yield to maturity4.597%Oct 4, 2023Yield to maturity4.742%Oct 16, 2023Yield to maturity4.730%Oct 25, 2023Yield to maturity4.967%Nov 3, 2023Yield to maturity4.555%Nov 14, 2023Yield to maturity4.463%Nov 24, 2023Yield to maturity4.512%Dec 5, 2023Yield to maturity4.209%Dec 14, 2023Yield to maturity3.935%Dec 26, 2023Yield to maturity3.915%Jan 5, 2024Yield to maturity4.053%Jan 17, 2024Yield to maturity4.079%Jan 26, 2024Yield to maturity4.126%Feb 6, 2024Yield to maturity4.083%Feb 15, 2024Yield to maturity4.253%Feb 27, 2024Yield to maturity4.341%Mar 7, 2024Yield to maturity4.095%Mar 18, 2024Yield to maturity4.366%Mar 27, 2024Yield to maturity4.207%Apr 5, 2024Yield to maturity4.398%Apr 16, 2024Yield to maturity4.694%Apr 25, 2024Yield to maturity4.730%May 6, 2024Yield to maturity4.491%May 15, 2024Yield to maturity4.361%May 24, 2024Yield to maturity4.506%Jun 5, 2024Yield to maturity4.304%Jun 14, 2024Yield to maturity4.216%Jun 26, 2024Yield to maturity4.345%Jul 8, 2024Yield to maturity4.245%Jul 17, 2024Yield to maturity4.101%Jul 26, 2024Yield to maturity4.112%Aug 6, 2024Yield to maturity3.779%Aug 15, 2024Yield to maturity3.830%Aug 26, 2024Yield to maturity3.709%Sep 5, 2024Yield to maturity3.606%Sep 16, 2024Yield to maturity3.478%Sep 25, 2024Yield to maturity3.600%Oct 4, 2024Yield to maturity3.860%Oct 16, 2024Yield to maturity3.902%Oct 25, 2024Yield to maturity4.129%Nov 5, 2024Yield to maturity4.212%Nov 15, 2024Yield to maturity4.350%Nov 26, 2024Yield to maturity4.234%Dec 6, 2024Yield to maturity4.080%Dec 17, 2024Yield to maturity4.291%Dec 27, 2024Yield to maturity4.504%Jan 8, 2025Yield to maturity4.508%Jan 17, 2025Yield to maturity4.473%Jan 29, 2025Yield to maturity4.403%Feb 7, 2025Yield to maturity4.380%Feb 19, 2025Yield to maturity4.413%Feb 28, 2025Yield to maturity4.088%Mar 11, 2025Yield to maturity4.089%Mar 20, 2025Yield to maturity4.062%Mar 31, 2025Yield to maturity4.002%Apr 9, 2025Yield to maturity4.104%Apr 18, 2025Yield to maturity4.000%Apr 29, 2025Yield to maturity3.820%May 8, 2025Yield to maturity4.046%May 19, 2025Yield to maturity4.103%May 29, 2025Yield to maturity4.054%Jun 9, 2025Yield to maturity4.134%Jun 18, 2025Yield to maturity4.010%Jun 30, 2025Yield to maturity3.814%Jul 10, 2025Yield to maturity3.958%Jul 21, 2025Yield to maturity3.941%Jul 30, 2025Yield to maturity3.980%Aug 8, 2025Yield to maturity3.840%Aug 19, 2025Yield to maturity3.833%Aug 28, 2025Yield to maturity3.720%Sep 9, 2025Yield to maturity3.619%Sep 18, 2025Yield to maturity3.679%Sep 29, 2025Yield to maturity3.752%Oct 8, 2025Yield to maturity3.729%Oct 20, 2025Yield to maturity3.587%Oct 29, 2025Yield to maturity3.711%Nov 7, 2025Yield to maturity3.675%Nov 19, 2025Yield to maturity3.700%Dec 1, 2025Yield to maturity3.666%Dec 10, 2025Yield to maturity3.714%Dec 19, 2025Yield to maturity3.678%Dec 31, 2025Yield to maturity3.705%Jan 12, 2026Yield to maturity3.741%Jan 22, 2026Yield to maturity3.825%Feb 2, 2026Yield to maturity3.797%Feb 11, 2026Yield to maturity3.715%Feb 23, 2026Yield to maturity3.557%Mar 4, 2026Yield to maturity3.656%Mar 13, 2026Yield to maturity3.852%Mar 24, 2026Yield to maturity4.022%Apr 2, 2026Yield to maturity3.922%Apr 13, 2026Yield to maturity3.894%Apr 22, 2026Yield to maturity3.895%May 1, 2026Yield to maturity3.996%May 12, 2026Yield to maturity4.103%May 21, 2026Yield to maturity4.230%Jun 2, 2026Yield to maturity4.151%Jun 11, 2026Yield to maturity4.154%Jun 23, 2026Yield to maturity4.254%Jul 2, 2026Yield to maturity4.220%Jul 14, 2026Yield to maturity4.287%Jul 23, 2026Yield to maturity4.448%Aug 3, 2026Yield to maturity4.375%Aug 12, 2026Yield to maturity4.342%Aug 21, 2026Yield to maturity4.389%Sep 1, 2026Yield to maturity4.526%Sep 9, 2026Yield to maturity4.576%

Price history

1,518 trading days to Sep 9, 2026

7580859095100Aug 17, 2020Sep 9, 2026Aug 17, 2020Close99.406Aug 26, 2020Close99.375Sep 4, 2020Close99.156Sep 16, 2020Close99.406Sep 25, 2020Close99.688Oct 6, 2020Close98.813Oct 16, 2020Close98.875Oct 27, 2020Close98.563Nov 5, 2020Close98.594Nov 17, 2020Close97.875Nov 27, 2020Close98.094Dec 8, 2020Close97.406Dec 17, 2020Close97.313Dec 29, 2020Close97.281Jan 8, 2021Close95.688Jan 20, 2021Close95.938Jan 29, 2021Close95.875Feb 9, 2021Close95.344Feb 19, 2021Close93.938Mar 2, 2021Close93.250Mar 11, 2021Close92.375Mar 22, 2021Close91.094Mar 31, 2021Close90.656Apr 9, 2021Close91.313Apr 20, 2021Close92.125Apr 29, 2021Close91.531May 10, 2021Close91.844May 19, 2021Close91.375May 28, 2021Close92.219Jun 9, 2021Close92.969Jun 18, 2021Close93.250Jun 29, 2021Close93.000Jul 9, 2021Close94.031Jul 20, 2021Close95.250Jul 29, 2021Close94.875Aug 9, 2021Close94.500Aug 18, 2021Close94.969Aug 27, 2021Close94.688Sep 8, 2021Close94.500Sep 17, 2021Close94.250Sep 28, 2021Close92.875Oct 7, 2021Close92.656Oct 19, 2021Close92.125Oct 28, 2021Close92.688Nov 8, 2021Close93.219Nov 18, 2021Close92.563Nov 30, 2021Close93.719Dec 9, 2021Close93.344Dec 20, 2021Close93.906Dec 30, 2021Close93.250Jan 10, 2022Close91.219Jan 20, 2022Close90.750Jan 31, 2022Close91.000Feb 9, 2022Close89.813Feb 18, 2022Close89.938Mar 2, 2022Close90.531Mar 11, 2022Close89.469Mar 22, 2022Close86.656Mar 31, 2022Close86.969Apr 11, 2022Close83.875Apr 21, 2022Close83.125May 2, 2022Close82.656May 11, 2022Close83.250May 20, 2022Close84.219Jun 1, 2022Close83.188Jun 10, 2022Close81.656Jun 22, 2022Close81.813Jul 1, 2022Close83.781Jul 13, 2022Close83.531Jul 22, 2022Close84.469Aug 2, 2022Close84.750Aug 11, 2022Close84.031Aug 22, 2022Close83.000Aug 31, 2022Close82.219Sep 12, 2022Close80.969Sep 21, 2022Close80.063Sep 30, 2022Close78.219Oct 12, 2022Close77.813Oct 21, 2022Close76.406Nov 1, 2022Close77.219Nov 10, 2022Close78.781Nov 22, 2022Close79.125Dec 2, 2022Close80.656Dec 13, 2022Close80.781Dec 22, 2022Close79.813Jan 4, 2023Close79.813Jan 13, 2023Close81.250Jan 25, 2023Close81.656Feb 3, 2023Close81.063Feb 14, 2023Close79.500Feb 24, 2023Close78.375Mar 7, 2023Close78.125Mar 16, 2023Close80.594Mar 27, 2023Close81.219Apr 5, 2023Close82.688Apr 14, 2023Close81.469Apr 25, 2023Close82.313May 4, 2023Close82.875May 15, 2023Close82.000May 24, 2023Close80.531Jun 5, 2023Close80.563Jun 14, 2023Close79.656Jun 26, 2023Close80.281Jul 6, 2023Close78.375Jul 17, 2023Close80.031Jul 26, 2023Close79.688Aug 4, 2023Close79.094Aug 15, 2023Close78.063Aug 24, 2023Close78.000Sep 5, 2023Close78.031Sep 14, 2023Close77.906Sep 25, 2023Close76.781Oct 4, 2023Close76.125Oct 16, 2023Close76.281Oct 25, 2023Close75.188Nov 3, 2023Close77.313Nov 14, 2023Close77.844Nov 24, 2023Close77.688Dec 5, 2023Close79.281Dec 14, 2023Close80.750Dec 26, 2023Close80.938Jan 5, 2024Close80.313Jan 17, 2024Close80.250Jan 26, 2024Close80.094Feb 6, 2024Close80.375Feb 15, 2024Close79.594Feb 27, 2024Close79.250Mar 7, 2024Close80.531Mar 18, 2024Close79.281Mar 27, 2024Close80.125Apr 5, 2024Close79.281Apr 16, 2024Close77.938Apr 25, 2024Close77.844May 6, 2024Close79.063May 15, 2024Close79.750May 24, 2024Close79.156Jun 5, 2024Close80.188Jun 14, 2024Close80.688Jun 26, 2024Close80.156Jul 8, 2024Close80.719Jul 17, 2024Close81.469Jul 26, 2024Close81.500Aug 6, 2024Close83.156Aug 15, 2024Close82.969Aug 26, 2024Close83.625Sep 5, 2024Close84.188Sep 16, 2024Close84.875Sep 25, 2024Close84.344Oct 4, 2024Close83.188Oct 16, 2024Close83.063Oct 25, 2024Close82.094Nov 5, 2024Close81.781Nov 15, 2024Close81.250Nov 26, 2024Close81.844Dec 6, 2024Close82.625Dec 17, 2024Close81.750Dec 27, 2024Close80.906Jan 8, 2025Close80.969Jan 17, 2025Close81.219Jan 29, 2025Close81.594Feb 7, 2025Close81.781Feb 19, 2025Close81.719Feb 28, 2025Close83.219Mar 11, 2025Close83.281Mar 20, 2025Close83.469Mar 31, 2025Close83.813Apr 9, 2025Close83.438Apr 18, 2025Close83.969Apr 29, 2025Close84.813May 8, 2025Close83.906May 19, 2025Close83.750May 29, 2025Close84.031Jun 9, 2025Close83.781Jun 18, 2025Close84.375Jun 30, 2025Close85.281Jul 10, 2025Close84.750Jul 21, 2025Close84.906Jul 30, 2025Close84.813Aug 8, 2025Close85.469Aug 19, 2025Close85.563Aug 28, 2025Close86.094Sep 9, 2025Close86.594Sep 18, 2025Close86.406Sep 29, 2025Close86.188Oct 8, 2025Close86.344Oct 20, 2025Close87.000Oct 29, 2025Close86.563Nov 7, 2025Close86.781Nov 19, 2025Close86.750Dec 1, 2025Close86.969Dec 10, 2025Close86.844Dec 19, 2025Close87.063Dec 31, 2025Close87.031Jan 12, 2026Close86.969Jan 22, 2026Close86.719Feb 2, 2026Close86.906Feb 11, 2026Close87.281Feb 23, 2026Close87.969Mar 4, 2026Close87.656Mar 13, 2026Close87.000Mar 24, 2026Close86.438Apr 2, 2026Close86.875Apr 13, 2026Close87.063Apr 22, 2026Close87.125May 1, 2026Close86.844May 12, 2026Close86.531May 21, 2026Close86.156Jun 2, 2026Close86.531Jun 11, 2026Close86.594Jun 23, 2026Close86.344Jul 2, 2026Close86.563Jul 14, 2026Close86.406Jul 23, 2026Close85.938Aug 3, 2026Close86.281Aug 12, 2026Close86.469Aug 21, 2026Close86.406Sep 1, 2026Close86.031Sep 9, 2026Close85.938
The most recent 20 trading days of prices for 91282CAE1.
DateBidOfferClose
Sep 9, 202685.95385.93885.938
Sep 8, 202686.10986.09486.063
Sep 4, 202686.17286.15686.125
Sep 3, 202686.28186.25086.188
Sep 2, 202686.07886.06386.063
Sep 1, 202686.14186.12586.031
Aug 31, 202686.23486.21986.219
Aug 28, 202686.32886.31386.219
Aug 27, 202686.60986.59486.531
Aug 26, 202686.60986.59486.563
Aug 25, 202686.65686.62586.656
Aug 24, 202686.53186.50086.438
Aug 21, 202686.42286.40686.406
Aug 20, 202686.53186.50086.531
Aug 19, 202686.57886.56386.594
Aug 18, 202686.57886.56386.531
Aug 17, 202686.57886.56386.531
Aug 14, 202686.64186.62586.563
Aug 13, 202686.67286.65686.656
Aug 12, 202686.54786.53186.469

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.

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 91282CAE1.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Aug 12, 2020Aug 17, 2020New issue$38.0bn$60.6bn2.41x0.677%
Sep 9, 2020Sep 15, 2020Reopening$35.0bn$36.4bn2.30x0.704%
Oct 7, 2020Oct 15, 2020Reopening$35.0bn$36.0bn2.47x0.765%

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.