Treasury note

91282CAU5 · 0.5% due October 31, 2027

Original term
7-Year
Maturity
Oct 31, 2027
Coupon
0.500%
Pays
Semi-Annual
Dated
Oct 31, 2020
First coupon
Apr 30, 2021
Priced through
Sep 9, 2026
Analyzed through
Sep 9, 2026

Statement of August 31, 2026

Amount outstanding
$57.73bn
Held stripped
$37.6m
Share stripped
0.07%

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
4.278%
Modified duration
1.111 yr
DV01
0.0107
Convexity
1.781
Dirty price
96.024

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 3 of twelve buckets, summing to 1.136 years against a modified duration of 1.111.

Against the fitted curve

Priced 0.2 bp rich to the curve on that day, 0.26 cents per 100 of face.

That is -0.22 standard deviations from its own typical residual.

Yield to maturity, 1,465 observations

0%1%2%3%4%5%Nov 2, 2020Sep 9, 2026Nov 2, 2020Yield to maturity0.628%Nov 12, 2020Yield to maturity0.638%Nov 23, 2020Yield to maturity0.629%Dec 3, 2020Yield to maturity0.662%Dec 14, 2020Yield to maturity0.616%Dec 23, 2020Yield to maturity0.654%Jan 5, 2021Yield to maturity0.636%Jan 14, 2021Yield to maturity0.794%Jan 26, 2021Yield to maturity0.699%Feb 4, 2021Yield to maturity0.767%Feb 16, 2021Yield to maturity0.895%Feb 25, 2021Yield to maturity1.179%Mar 8, 2021Yield to maturity1.232%Mar 17, 2021Yield to maturity1.209%Mar 26, 2021Yield to maturity1.258%Apr 6, 2021Yield to maturity1.272%Apr 15, 2021Yield to maturity1.172%Apr 26, 2021Yield to maturity1.196%May 5, 2021Yield to maturity1.162%May 14, 2021Yield to maturity1.196%May 25, 2021Yield to maturity1.121%Jun 4, 2021Yield to maturity1.124%Jun 15, 2021Yield to maturity1.101%Jun 24, 2021Yield to maturity1.155%Jul 6, 2021Yield to maturity1.033%Jul 15, 2021Yield to maturity0.983%Jul 26, 2021Yield to maturity0.938%Aug 4, 2021Yield to maturity0.856%Aug 13, 2021Yield to maturity0.979%Aug 24, 2021Yield to maturity0.980%Sep 2, 2021Yield to maturity0.961%Sep 14, 2021Yield to maturity0.958%Sep 23, 2021Yield to maturity1.111%Oct 4, 2021Yield to maturity1.147%Oct 14, 2021Yield to maturity1.226%Oct 25, 2021Yield to maturity1.347%Nov 3, 2021Yield to maturity1.350%Nov 15, 2021Yield to maturity1.406%Nov 24, 2021Yield to maturity1.467%Dec 6, 2021Yield to maturity1.301%Dec 15, 2021Yield to maturity1.361%Dec 27, 2021Yield to maturity1.354%Jan 5, 2022Yield to maturity1.532%Jan 14, 2022Yield to maturity1.649%Jan 26, 2022Yield to maturity1.749%Feb 4, 2022Yield to maturity1.846%Feb 15, 2022Yield to maturity1.997%Feb 25, 2022Yield to maturity1.926%Mar 8, 2022Yield to maturity1.847%Mar 17, 2022Yield to maturity2.225%Mar 28, 2022Yield to maturity2.591%Apr 6, 2022Yield to maturity2.736%Apr 18, 2022Yield to maturity2.848%Apr 27, 2022Yield to maturity2.852%May 6, 2022Yield to maturity3.120%May 17, 2022Yield to maturity3.003%May 26, 2022Yield to maturity2.772%Jun 7, 2022Yield to maturity3.043%Jun 16, 2022Yield to maturity3.400%Jun 28, 2022Yield to maturity3.299%Jul 8, 2022Yield to maturity3.183%Jul 19, 2022Yield to maturity3.181%Jul 28, 2022Yield to maturity2.736%Aug 8, 2022Yield to maturity2.935%Aug 17, 2022Yield to maturity3.066%Aug 26, 2022Yield to maturity3.251%Sep 7, 2022Yield to maturity3.396%Sep 16, 2022Yield to maturity3.647%Sep 27, 2022Yield to maturity4.242%Oct 6, 2022Yield to maturity4.084%Oct 18, 2022Yield to maturity4.253%Oct 27, 2022Yield to maturity4.132%Nov 7, 2022Yield to maturity4.420%Nov 17, 2022Yield to maturity3.965%Nov 29, 2022Yield to maturity3.988%Dec 8, 2022Yield to maturity3.758%Dec 19, 2022Yield to maturity3.755%Dec 29, 2022Yield to maturity4.001%Jan 10, 2023Yield to maturity3.765%Jan 20, 2023Yield to maturity3.592%Jan 31, 2023Yield to maturity3.670%Feb 9, 2023Yield to maturity3.910%Feb 21, 2023Yield to maturity4.201%Mar 2, 2023Yield to maturity4.386%Mar 13, 2023Yield to maturity3.740%Mar 22, 2023Yield to maturity3.644%Mar 31, 2023Yield to maturity3.681%Apr 11, 2023Yield to maturity3.609%Apr 20, 2023Yield to maturity3.708%May 1, 2023Yield to maturity3.705%May 10, 2023Yield to maturity3.450%May 19, 2023Yield to maturity3.827%May 31, 2023Yield to maturity3.864%Jun 9, 2023Yield to maturity4.032%Jun 21, 2023Yield to maturity4.063%Jun 30, 2023Yield to maturity4.244%Jul 12, 2023Yield to maturity4.171%Jul 21, 2023Yield to maturity4.206%Aug 1, 2023Yield to maturity4.360%Aug 10, 2023Yield to maturity4.311%Aug 21, 2023Yield to maturity4.555%Aug 30, 2023Yield to maturity4.397%Sep 11, 2023Yield to maturity4.528%Sep 20, 2023Yield to maturity4.654%Sep 29, 2023Yield to maturity4.704%Oct 11, 2023Yield to maturity4.675%Oct 20, 2023Yield to maturity4.906%Oct 31, 2023Yield to maturity4.876%Nov 9, 2023Yield to maturity4.729%Nov 20, 2023Yield to maturity4.531%Nov 30, 2023Yield to maturity4.406%Dec 11, 2023Yield to maturity4.359%Dec 20, 2023Yield to maturity3.982%Jan 2, 2024Yield to maturity4.014%Jan 11, 2024Yield to maturity3.969%Jan 23, 2024Yield to maturity4.107%Feb 1, 2024Yield to maturity3.886%Feb 12, 2024Yield to maturity4.210%Feb 22, 2024Yield to maturity4.428%Mar 4, 2024Yield to maturity4.329%Mar 13, 2024Yield to maturity4.314%Mar 22, 2024Yield to maturity4.316%Apr 2, 2024Yield to maturity4.466%Apr 11, 2024Yield to maturity4.745%Apr 22, 2024Yield to maturity4.782%May 1, 2024Yield to maturity4.769%May 10, 2024Yield to maturity4.645%May 21, 2024Yield to maturity4.556%May 31, 2024Yield to maturity4.649%Jun 11, 2024Yield to maturity4.559%Jun 21, 2024Yield to maturity4.423%Jul 2, 2024Yield to maturity4.529%Jul 12, 2024Yield to maturity4.215%Jul 23, 2024Yield to maturity4.242%Aug 1, 2024Yield to maturity3.948%Aug 12, 2024Yield to maturity3.836%Aug 21, 2024Yield to maturity3.739%Aug 30, 2024Yield to maturity3.795%Sep 11, 2024Yield to maturity3.494%Sep 20, 2024Yield to maturity3.489%Oct 1, 2024Yield to maturity3.547%Oct 10, 2024Yield to maturity3.918%Oct 22, 2024Yield to maturity4.002%Oct 31, 2024Yield to maturity4.150%Nov 12, 2024Yield to maturity4.336%Nov 21, 2024Yield to maturity4.319%Dec 3, 2024Yield to maturity4.154%Dec 12, 2024Yield to maturity4.185%Dec 23, 2024Yield to maturity4.388%Jan 3, 2025Yield to maturity4.336%Jan 14, 2025Yield to maturity4.460%Jan 24, 2025Yield to maturity4.326%Feb 4, 2025Yield to maturity4.257%Feb 13, 2025Yield to maturity4.344%Feb 25, 2025Yield to maturity4.100%Mar 6, 2025Yield to maturity4.001%Mar 17, 2025Yield to maturity4.055%Mar 26, 2025Yield to maturity4.022%Apr 4, 2025Yield to maturity3.683%Apr 15, 2025Yield to maturity3.865%Apr 24, 2025Yield to maturity3.801%May 5, 2025Yield to maturity3.841%May 14, 2025Yield to maturity4.073%May 23, 2025Yield to maturity4.006%Jun 4, 2025Yield to maturity3.868%Jun 13, 2025Yield to maturity3.940%Jun 25, 2025Yield to maturity3.788%Jul 7, 2025Yield to maturity3.894%Jul 16, 2025Yield to maturity3.885%Jul 25, 2025Yield to maturity3.900%Aug 5, 2025Yield to maturity3.706%Aug 14, 2025Yield to maturity3.710%Aug 25, 2025Yield to maturity3.707%Sep 4, 2025Yield to maturity3.589%Sep 15, 2025Yield to maturity3.536%Sep 24, 2025Yield to maturity3.621%Oct 3, 2025Yield to maturity3.583%Oct 15, 2025Yield to maturity3.508%Oct 24, 2025Yield to maturity3.486%Nov 4, 2025Yield to maturity3.574%Nov 14, 2025Yield to maturity3.626%Nov 25, 2025Yield to maturity3.491%Dec 5, 2025Yield to maturity3.579%Dec 16, 2025Yield to maturity3.494%Dec 26, 2025Yield to maturity3.493%Jan 7, 2026Yield to maturity3.483%Jan 16, 2026Yield to maturity3.615%Jan 28, 2026Yield to maturity3.582%Feb 6, 2026Yield to maturity3.500%Feb 18, 2026Yield to maturity3.489%Feb 27, 2026Yield to maturity3.423%Mar 10, 2026Yield to maturity3.611%Mar 19, 2026Yield to maturity3.826%Mar 30, 2026Yield to maturity3.869%Apr 8, 2026Yield to maturity3.837%Apr 17, 2026Yield to maturity3.728%Apr 28, 2026Yield to maturity3.848%May 7, 2026Yield to maturity3.904%May 18, 2026Yield to maturity4.044%May 28, 2026Yield to maturity3.994%Jun 8, 2026Yield to maturity4.118%Jun 17, 2026Yield to maturity4.183%Jun 29, 2026Yield to maturity4.122%Jul 9, 2026Yield to maturity4.172%Jul 20, 2026Yield to maturity4.180%Jul 29, 2026Yield to maturity4.199%Aug 7, 2026Yield to maturity4.126%Aug 18, 2026Yield to maturity4.117%Aug 27, 2026Yield to maturity4.164%Sep 8, 2026Yield to maturity4.269%Sep 9, 2026Yield to maturity4.278%

Price history

1,465 trading days to Sep 9, 2026

80859095100Nov 2, 2020Sep 9, 2026Nov 2, 2020Close99.125Nov 12, 2020Close99.063Nov 23, 2020Close99.125Dec 3, 2020Close98.906Dec 14, 2020Close99.219Dec 23, 2020Close98.969Jan 5, 2021Close99.094Jan 14, 2021Close98.063Jan 26, 2021Close98.688Feb 4, 2021Close98.250Feb 16, 2021Close97.438Feb 25, 2021Close95.656Mar 8, 2021Close95.344Mar 17, 2021Close95.500Mar 26, 2021Close95.219Apr 6, 2021Close95.156Apr 15, 2021Close95.781Apr 26, 2021Close95.656May 5, 2021Close95.875May 14, 2021Close95.688May 25, 2021Close96.156Jun 4, 2021Close96.156Jun 15, 2021Close96.313Jun 24, 2021Close96.000Jul 6, 2021Close96.750Jul 15, 2021Close97.063Jul 26, 2021Close97.344Aug 4, 2021Close97.844Aug 13, 2021Close97.125Aug 24, 2021Close97.125Sep 2, 2021Close97.250Sep 14, 2021Close97.281Sep 23, 2021Close96.406Oct 4, 2021Close96.219Oct 14, 2021Close95.781Oct 25, 2021Close95.125Nov 3, 2021Close95.125Nov 15, 2021Close94.844Nov 24, 2021Close94.531Dec 6, 2021Close95.469Dec 15, 2021Close95.156Dec 27, 2021Close95.219Jan 5, 2022Close94.281Jan 14, 2022Close93.688Jan 26, 2022Close93.188Feb 4, 2022Close92.719Feb 15, 2022Close91.969Feb 25, 2022Close92.375Mar 8, 2022Close92.813Mar 17, 2022Close90.938Mar 28, 2022Close89.188Apr 6, 2022Close88.531Apr 18, 2022Close88.063Apr 27, 2022Close88.094May 6, 2022Close86.906May 17, 2022Close87.500May 26, 2022Close88.625Jun 7, 2022Close87.438Jun 16, 2022Close85.875Jun 28, 2022Close86.406Jul 8, 2022Close87.000Jul 19, 2022Close87.063Jul 28, 2022Close89.125Aug 8, 2022Close88.281Aug 17, 2022Close87.750Aug 26, 2022Close87.000Sep 7, 2022Close86.438Sep 16, 2022Close85.438Sep 27, 2022Close83.031Oct 6, 2022Close83.750Oct 18, 2022Close83.156Oct 27, 2022Close83.719Nov 7, 2022Close82.656Nov 17, 2022Close84.563Nov 29, 2022Close84.563Dec 8, 2022Close85.563Dec 19, 2022Close85.656Dec 29, 2022Close84.750Jan 10, 2023Close85.781Jan 20, 2023Close86.563Jan 31, 2023Close86.313Feb 9, 2023Close85.438Feb 21, 2023Close84.406Mar 2, 2023Close83.781Mar 13, 2023Close86.344Mar 22, 2023Close86.781Mar 31, 2023Close86.719Apr 11, 2023Close87.063Apr 20, 2023Close86.750May 1, 2023Close86.844May 10, 2023Close87.875May 19, 2023Close86.531May 31, 2023Close86.469Jun 9, 2023Close85.938Jun 21, 2023Close85.906Jun 30, 2023Close85.344Jul 12, 2023Close85.688Jul 21, 2023Close85.656Aug 1, 2023Close85.188Aug 10, 2023Close85.438Aug 21, 2023Close84.688Aug 30, 2023Close85.313Sep 11, 2023Close84.969Sep 20, 2023Close84.625Sep 29, 2023Close84.563Oct 11, 2023Close84.750Oct 20, 2023Close84.094Oct 31, 2023Close84.281Nov 9, 2023Close84.875Nov 20, 2023Close85.594Nov 30, 2023Close86.094Dec 11, 2023Close86.344Dec 20, 2023Close87.656Jan 2, 2024Close87.656Jan 11, 2024Close87.875Jan 23, 2024Close87.531Feb 1, 2024Close88.313Feb 12, 2024Close87.375Feb 22, 2024Close86.781Mar 4, 2024Close87.188Mar 13, 2024Close87.313Mar 22, 2024Close87.406Apr 2, 2024Close87.031Apr 11, 2024Close86.281Apr 22, 2024Close86.281May 1, 2024Close86.406May 10, 2024Close86.875May 21, 2024Close87.219May 31, 2024Close87.063Jun 11, 2024Close87.406Jun 21, 2024Close87.906Jul 2, 2024Close87.688Jul 12, 2024Close88.688Jul 23, 2024Close88.688Aug 1, 2024Close89.594Aug 12, 2024Close90.000Aug 21, 2024Close90.344Aug 30, 2024Close90.281Sep 11, 2024Close91.188Sep 20, 2024Close91.281Oct 1, 2024Close91.188Oct 10, 2024Close90.250Oct 22, 2024Close90.125Oct 31, 2024Close89.813Nov 12, 2024Close89.438Nov 21, 2024Close89.563Dec 3, 2024Close90.094Dec 12, 2024Close90.094Dec 23, 2024Close89.688Jan 3, 2025Close89.938Jan 14, 2025Close89.719Jan 24, 2025Close90.156Feb 4, 2025Close90.406Feb 13, 2025Close90.281Feb 25, 2025Close90.969Mar 6, 2025Close91.281Mar 17, 2025Close91.250Mar 26, 2025Close91.406Apr 4, 2025Close92.281Apr 15, 2025Close91.938Apr 24, 2025Close92.156May 5, 2025Close92.156May 14, 2025Close91.719May 23, 2025Close91.969Jun 4, 2025Close92.344Jun 13, 2025Close92.281Jun 25, 2025Close92.688Jul 7, 2025Close92.563Jul 16, 2025Close92.656Jul 25, 2025Close92.719Aug 5, 2025Close93.188Aug 14, 2025Close93.250Aug 25, 2025Close93.344Sep 4, 2025Close93.656Sep 15, 2025Close93.844Sep 24, 2025Close93.750Oct 3, 2025Close93.906Oct 15, 2025Close94.125Oct 24, 2025Close94.250Nov 4, 2025Close94.156Nov 14, 2025Close94.156Nov 25, 2025Close94.469Dec 5, 2025Close94.406Dec 16, 2025Close94.625Dec 26, 2025Close94.719Jan 7, 2026Close94.813Jan 16, 2026Close94.688Jan 28, 2026Close94.813Feb 6, 2026Close95.031Feb 18, 2026Close95.125Feb 27, 2026Close95.313Mar 10, 2026Close95.094Mar 19, 2026Close94.844Mar 30, 2026Close94.875Apr 8, 2026Close95.000Apr 17, 2026Close95.250Apr 28, 2026Close95.156May 7, 2026Close95.156May 18, 2026Close95.063May 28, 2026Close95.219Jun 8, 2026Close95.156Jun 17, 2026Close95.156Jun 29, 2026Close95.344Jul 9, 2026Close95.375Jul 20, 2026Close95.469Jul 29, 2026Close95.531Aug 7, 2026Close95.719Aug 18, 2026Close95.813Aug 27, 2026Close95.844Sep 8, 2026Close95.844Sep 9, 2026Close95.844
The most recent 20 trading days of prices for 91282CAU5.
DateBidOfferClose
Sep 9, 202695.84495.81395.844
Sep 8, 202695.85995.84495.844
Sep 4, 202695.85995.84495.844
Sep 3, 202695.82895.81395.844
Sep 2, 202695.76695.75095.750
Sep 1, 202695.76695.75095.750
Aug 31, 202695.76695.75095.750
Aug 28, 202695.78195.75095.750
Aug 27, 202695.89195.87595.844
Aug 26, 202695.85995.84495.844
Aug 25, 202695.85995.84495.875
Aug 24, 202695.84495.84495.813
Aug 21, 202695.82895.81395.813
Aug 20, 202695.84495.84495.844
Aug 19, 202695.82895.81395.813
Aug 18, 202695.82895.81395.813
Aug 17, 202695.82895.81395.813
Aug 14, 202695.82895.81395.813
Aug 13, 202695.79795.78195.781
Aug 12, 202695.75095.75095.719

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 91282CAU5.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Oct 29, 2020Nov 2, 2020New issue$53.0bn$58.6bn2.24x0.600%

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.