Treasury note

91282CAV3 · 0.875% due November 15, 2030

Original term
10-Year
Maturity
Nov 15, 2030
Coupon
0.875%
Pays
Semi-Annual
Dated
Nov 15, 2020
First coupon
May 15, 2021
Priced through
Sep 9, 2026
Analyzed through
Sep 9, 2026

Statement of August 31, 2026

Amount outstanding
$133.68bn
Held stripped
$136.6m
Share stripped
0.10%

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
4.586%
Modified duration
4.002 yr
DV01
0.0345
Convexity
18.199
Dirty price
86.312

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 6 of twelve buckets, summing to 4.095 years against a modified duration of 4.002.

Against the fitted curve

Priced 1.4 bp rich to the curve on that day, 4.72 cents per 100 of face.

That is -0.94 standard deviations from its own typical residual.

Yield to maturity, 1,456 observations

0%1%2%3%4%5%Nov 16, 2020Sep 9, 2026Nov 16, 2020Yield to maturity0.908%Nov 25, 2020Yield to maturity0.882%Dec 7, 2020Yield to maturity0.931%Dec 16, 2020Yield to maturity0.918%Dec 28, 2020Yield to maturity0.931%Jan 7, 2021Yield to maturity1.073%Jan 19, 2021Yield to maturity1.090%Jan 28, 2021Yield to maturity1.050%Feb 8, 2021Yield to maturity1.167%Feb 18, 2021Yield to maturity1.269%Mar 1, 2021Yield to maturity1.436%Mar 10, 2021Yield to maturity1.505%Mar 19, 2021Yield to maturity1.718%Mar 30, 2021Yield to maturity1.706%Apr 8, 2021Yield to maturity1.616%Apr 19, 2021Yield to maturity1.585%Apr 28, 2021Yield to maturity1.605%May 7, 2021Yield to maturity1.563%May 18, 2021Yield to maturity1.617%May 27, 2021Yield to maturity1.578%Jun 8, 2021Yield to maturity1.495%Jun 17, 2021Yield to maturity1.494%Jun 28, 2021Yield to maturity1.462%Jul 8, 2021Yield to maturity1.270%Jul 19, 2021Yield to maturity1.155%Jul 28, 2021Yield to maturity1.217%Aug 6, 2021Yield to maturity1.266%Aug 17, 2021Yield to maturity1.219%Aug 26, 2021Yield to maturity1.293%Sep 7, 2021Yield to maturity1.321%Sep 16, 2021Yield to maturity1.289%Sep 27, 2021Yield to maturity1.436%Oct 6, 2021Yield to maturity1.475%Oct 18, 2021Yield to maturity1.534%Oct 27, 2021Yield to maturity1.498%Nov 5, 2021Yield to maturity1.393%Nov 17, 2021Yield to maturity1.548%Nov 29, 2021Yield to maturity1.473%Dec 8, 2021Yield to maturity1.463%Dec 17, 2021Yield to maturity1.365%Dec 29, 2021Yield to maturity1.501%Jan 7, 2022Yield to maturity1.720%Jan 19, 2022Yield to maturity1.803%Jan 28, 2022Yield to maturity1.753%Feb 8, 2022Yield to maturity1.934%Feb 17, 2022Yield to maturity1.962%Mar 1, 2022Yield to maturity1.689%Mar 10, 2022Yield to maturity1.969%Mar 21, 2022Yield to maturity2.318%Mar 30, 2022Yield to maturity2.369%Apr 8, 2022Yield to maturity2.743%Apr 20, 2022Yield to maturity2.853%Apr 29, 2022Yield to maturity2.901%May 10, 2022Yield to maturity2.966%May 19, 2022Yield to maturity2.834%May 31, 2022Yield to maturity2.842%Jun 9, 2022Yield to maturity3.041%Jun 21, 2022Yield to maturity3.314%Jun 30, 2022Yield to maturity2.962%Jul 12, 2022Yield to maturity2.942%Jul 21, 2022Yield to maturity2.901%Aug 1, 2022Yield to maturity2.563%Aug 10, 2022Yield to maturity2.756%Aug 19, 2022Yield to maturity2.945%Aug 30, 2022Yield to maturity3.103%Sep 9, 2022Yield to maturity3.315%Sep 20, 2022Yield to maturity3.559%Sep 29, 2022Yield to maturity3.759%Oct 11, 2022Yield to maturity3.924%Oct 20, 2022Yield to maturity4.212%Oct 31, 2022Yield to maturity4.033%Nov 9, 2022Yield to maturity4.080%Nov 21, 2022Yield to maturity3.784%Dec 1, 2022Yield to maturity3.491%Dec 12, 2022Yield to maturity3.598%Dec 21, 2022Yield to maturity3.652%Jan 3, 2023Yield to maturity3.769%Jan 12, 2023Yield to maturity3.375%Jan 24, 2023Yield to maturity3.391%Feb 2, 2023Yield to maturity3.332%Feb 13, 2023Yield to maturity3.704%Feb 23, 2023Yield to maturity3.894%Mar 6, 2023Yield to maturity4.008%Mar 15, 2023Yield to maturity3.497%Mar 24, 2023Yield to maturity3.346%Apr 4, 2023Yield to maturity3.313%Apr 13, 2023Yield to maturity3.404%Apr 24, 2023Yield to maturity3.471%May 3, 2023Yield to maturity3.286%May 12, 2023Yield to maturity3.379%May 23, 2023Yield to maturity3.648%Jun 2, 2023Yield to maturity3.692%Jun 13, 2023Yield to maturity3.854%Jun 23, 2023Yield to maturity3.779%Jul 5, 2023Yield to maturity4.005%Jul 14, 2023Yield to maturity3.839%Jul 25, 2023Yield to maturity3.949%Aug 3, 2023Yield to maturity4.180%Aug 14, 2023Yield to maturity4.205%Aug 23, 2023Yield to maturity4.216%Sep 1, 2023Yield to maturity4.179%Sep 13, 2023Yield to maturity4.259%Sep 22, 2023Yield to maturity4.455%Oct 3, 2023Yield to maturity4.785%Oct 13, 2023Yield to maturity4.609%Oct 24, 2023Yield to maturity4.816%Nov 2, 2023Yield to maturity4.646%Nov 13, 2023Yield to maturity4.650%Nov 22, 2023Yield to maturity4.416%Dec 4, 2023Yield to maturity4.258%Dec 13, 2023Yield to maturity4.004%Dec 22, 2023Yield to maturity3.878%Jan 4, 2024Yield to maturity3.966%Jan 16, 2024Yield to maturity3.986%Jan 25, 2024Yield to maturity4.063%Feb 5, 2024Yield to maturity4.137%Feb 14, 2024Yield to maturity4.257%Feb 26, 2024Yield to maturity4.292%Mar 6, 2024Yield to maturity4.103%Mar 15, 2024Yield to maturity4.313%Mar 26, 2024Yield to maturity4.221%Apr 4, 2024Yield to maturity4.289%Apr 15, 2024Yield to maturity4.624%Apr 24, 2024Yield to maturity4.645%May 3, 2024Yield to maturity4.471%May 14, 2024Yield to maturity4.434%May 23, 2024Yield to maturity4.491%Jun 4, 2024Yield to maturity4.331%Jun 13, 2024Yield to maturity4.217%Jun 25, 2024Yield to maturity4.234%Jul 5, 2024Yield to maturity4.226%Jul 16, 2024Yield to maturity4.105%Jul 25, 2024Yield to maturity4.181%Aug 5, 2024Yield to maturity3.650%Aug 14, 2024Yield to maturity3.704%Aug 23, 2024Yield to maturity3.692%Sep 4, 2024Yield to maturity3.630%Sep 13, 2024Yield to maturity3.493%Sep 24, 2024Yield to maturity3.553%Oct 3, 2024Yield to maturity3.664%Oct 15, 2024Yield to maturity3.883%Oct 24, 2024Yield to maturity4.064%Nov 4, 2024Yield to maturity4.197%Nov 14, 2024Yield to maturity4.339%Nov 25, 2024Yield to maturity4.176%Dec 5, 2024Yield to maturity4.091%Dec 16, 2024Yield to maturity4.274%Dec 26, 2024Yield to maturity4.460%Jan 7, 2025Yield to maturity4.507%Jan 16, 2025Yield to maturity4.440%Jan 28, 2025Yield to maturity4.377%Feb 6, 2025Yield to maturity4.309%Feb 18, 2025Yield to maturity4.440%Feb 27, 2025Yield to maturity4.143%Mar 10, 2025Yield to maturity4.044%Mar 19, 2025Yield to maturity4.085%Mar 28, 2025Yield to maturity4.047%Apr 8, 2025Yield to maturity3.957%Apr 17, 2025Yield to maturity4.019%Apr 28, 2025Yield to maturity3.890%May 7, 2025Yield to maturity3.931%May 16, 2025Yield to maturity4.123%May 28, 2025Yield to maturity4.125%Jun 6, 2025Yield to maturity4.185%Jun 17, 2025Yield to maturity4.036%Jun 27, 2025Yield to maturity3.883%Jul 9, 2025Yield to maturity3.963%Jul 18, 2025Yield to maturity4.008%Jul 29, 2025Yield to maturity3.936%Aug 7, 2025Yield to maturity3.820%Aug 18, 2025Yield to maturity3.880%Aug 27, 2025Yield to maturity3.742%Sep 8, 2025Yield to maturity3.593%Sep 17, 2025Yield to maturity3.635%Sep 26, 2025Yield to maturity3.790%Oct 7, 2025Yield to maturity3.723%Oct 17, 2025Yield to maturity3.601%Oct 28, 2025Yield to maturity3.621%Nov 6, 2025Yield to maturity3.694%Nov 18, 2025Yield to maturity3.697%Nov 28, 2025Yield to maturity3.611%Dec 9, 2025Yield to maturity3.783%Dec 18, 2025Yield to maturity3.668%Dec 30, 2025Yield to maturity3.679%Jan 9, 2026Yield to maturity3.752%Jan 21, 2026Yield to maturity3.830%Jan 30, 2026Yield to maturity3.786%Feb 10, 2026Yield to maturity3.692%Feb 20, 2026Yield to maturity3.641%Mar 3, 2026Yield to maturity3.632%Mar 12, 2026Yield to maturity3.876%Mar 23, 2026Yield to maturity3.968%Apr 1, 2026Yield to maturity3.960%Apr 10, 2026Yield to maturity3.940%Apr 21, 2026Yield to maturity3.899%Apr 30, 2026Yield to maturity4.006%May 11, 2026Yield to maturity4.060%May 20, 2026Yield to maturity4.219%Jun 1, 2026Yield to maturity4.176%Jun 10, 2026Yield to maturity4.261%Jun 22, 2026Yield to maturity4.286%Jul 1, 2026Yield to maturity4.236%Jul 13, 2026Yield to maturity4.356%Jul 22, 2026Yield to maturity4.411%Jul 31, 2026Yield to maturity4.426%Aug 11, 2026Yield to maturity4.376%Aug 20, 2026Yield to maturity4.361%Aug 31, 2026Yield to maturity4.483%Sep 9, 2026Yield to maturity4.586%

Price history

1,456 trading days to Sep 9, 2026

7580859095100105Nov 16, 2020Sep 9, 2026Nov 16, 2020Close99.688Nov 25, 2020Close99.938Dec 7, 2020Close99.469Dec 16, 2020Close99.594Dec 28, 2020Close99.469Jan 7, 2021Close98.156Jan 19, 2021Close98.000Jan 28, 2021Close98.375Feb 8, 2021Close97.313Feb 18, 2021Close96.406Mar 1, 2021Close94.938Mar 10, 2021Close94.344Mar 19, 2021Close92.531Mar 30, 2021Close92.656Apr 8, 2021Close93.438Apr 19, 2021Close93.719Apr 28, 2021Close93.563May 7, 2021Close93.938May 18, 2021Close93.500May 27, 2021Close93.844Jun 8, 2021Close94.563Jun 17, 2021Close94.594Jun 28, 2021Close94.875Jul 8, 2021Close96.531Jul 19, 2021Close97.531Jul 28, 2021Close97.000Aug 6, 2021Close96.594Aug 17, 2021Close97.000Aug 26, 2021Close96.375Sep 7, 2021Close96.156Sep 16, 2021Close96.438Sep 27, 2021Close95.219Oct 6, 2021Close94.906Oct 18, 2021Close94.438Oct 27, 2021Close94.750Nov 5, 2021Close95.625Nov 17, 2021Close94.375Nov 29, 2021Close95.000Dec 8, 2021Close95.094Dec 17, 2021Close95.906Dec 29, 2021Close94.813Jan 7, 2022Close93.094Jan 19, 2022Close92.469Jan 28, 2022Close92.875Feb 8, 2022Close91.500Feb 17, 2022Close91.313Mar 1, 2022Close93.438Mar 10, 2022Close91.313Mar 21, 2022Close88.750Mar 30, 2022Close88.406Apr 8, 2022Close85.781Apr 20, 2022Close85.063Apr 29, 2022Close84.781May 10, 2022Close84.375May 19, 2022Close85.313May 31, 2022Close85.313Jun 9, 2022Close84.000Jun 21, 2022Close82.250Jun 30, 2022Close84.625Jul 12, 2022Close84.813Jul 21, 2022Close85.125Aug 1, 2022Close87.469Aug 10, 2022Close86.188Aug 19, 2022Close84.969Aug 30, 2022Close83.969Sep 9, 2022Close82.656Sep 20, 2022Close81.156Sep 29, 2022Close79.969Oct 11, 2022Close79.031Oct 20, 2022Close77.375Oct 31, 2022Close78.500Nov 9, 2022Close78.281Nov 21, 2022Close80.125Dec 1, 2022Close81.969Dec 12, 2022Close81.375Dec 21, 2022Close81.094Jan 3, 2023Close80.469Jan 12, 2023Close82.906Jan 24, 2023Close82.875Feb 2, 2023Close83.281Feb 13, 2023Close81.094Feb 23, 2023Close80.031Mar 6, 2023Close79.438Mar 15, 2023Close82.500Mar 24, 2023Close83.469Apr 4, 2023Close83.719Apr 13, 2023Close83.219Apr 24, 2023Close82.875May 3, 2023Close84.031May 12, 2023Close83.531May 23, 2023Close82.000Jun 2, 2023Close81.813Jun 13, 2023Close80.938Jun 23, 2023Close81.438Jul 5, 2023Close80.219Jul 14, 2023Close81.219Jul 25, 2023Close80.656Aug 3, 2023Close79.438Aug 14, 2023Close79.375Aug 23, 2023Close79.375Sep 1, 2023Close79.656Sep 13, 2023Close79.281Sep 22, 2023Close78.313Oct 3, 2023Close76.656Oct 13, 2023Close77.656Oct 24, 2023Close76.656Nov 2, 2023Close77.594Nov 13, 2023Close77.656Nov 22, 2023Close78.938Dec 4, 2023Close79.844Dec 13, 2023Close81.250Dec 22, 2023Close82.000Jan 4, 2024Close81.594Jan 16, 2024Close81.563Jan 25, 2024Close81.219Feb 5, 2024Close80.906Feb 14, 2024Close80.344Feb 26, 2024Close80.250Mar 6, 2024Close81.281Mar 15, 2024Close80.281Mar 26, 2024Close80.813Apr 4, 2024Close80.531Apr 15, 2024Close78.938Apr 24, 2024Close78.906May 3, 2024Close79.844May 14, 2024Close80.094May 23, 2024Close79.875Jun 4, 2024Close80.750Jun 13, 2024Close81.375Jun 25, 2024Close81.375Jul 5, 2024Close81.500Jul 16, 2024Close82.156Jul 25, 2024Close81.844Aug 5, 2024Close84.563Aug 14, 2024Close84.344Aug 23, 2024Close84.469Sep 4, 2024Close84.844Sep 13, 2024Close85.594Sep 24, 2024Close85.344Oct 3, 2024Close84.844Oct 15, 2024Close83.844Oct 24, 2024Close83.031Nov 4, 2024Close82.469Nov 14, 2024Close81.875Nov 25, 2024Close82.719Dec 5, 2024Close83.188Dec 16, 2024Close82.406Dec 26, 2024Close81.625Jan 7, 2025Close81.500Jan 16, 2025Close81.875Jan 28, 2025Close82.250Feb 6, 2025Close82.625Feb 18, 2025Close82.125Feb 27, 2025Close83.531Mar 10, 2025Close84.063Mar 19, 2025Close83.938Mar 28, 2025Close84.188Apr 8, 2025Close84.656Apr 17, 2025Close84.438Apr 28, 2025Close85.094May 7, 2025Close84.969May 16, 2025Close84.188May 28, 2025Close84.250Jun 6, 2025Close84.063Jun 17, 2025Close84.781Jun 27, 2025Close85.531Jul 9, 2025Close85.250Jul 18, 2025Close85.125Jul 29, 2025Close85.500Aug 7, 2025Close86.063Aug 18, 2025Close85.875Aug 27, 2025Close86.531Sep 8, 2025Close87.250Sep 17, 2025Close87.125Sep 26, 2025Close86.531Oct 7, 2025Close86.875Oct 17, 2025Close87.469Oct 28, 2025Close87.438Nov 6, 2025Close87.188Nov 18, 2025Close87.250Nov 28, 2025Close87.688Dec 9, 2025Close87.031Dec 18, 2025Close87.563Dec 30, 2025Close87.594Jan 9, 2026Close87.375Jan 21, 2026Close87.125Jan 30, 2026Close87.375Feb 10, 2026Close87.813Feb 20, 2026Close88.094Mar 3, 2026Close88.188Mar 12, 2026Close87.281Mar 23, 2026Close87.000Apr 1, 2026Close87.094Apr 10, 2026Close87.250Apr 21, 2026Close87.469Apr 30, 2026Close87.125May 11, 2026Close87.000May 20, 2026Close86.469Jun 1, 2026Close86.719Jun 10, 2026Close86.469Jun 22, 2026Close86.469Jul 1, 2026Close86.719Jul 13, 2026Close86.375Jul 22, 2026Close86.250Jul 31, 2026Close86.281Aug 11, 2026Close86.531Aug 20, 2026Close86.656Aug 31, 2026Close86.313Sep 9, 2026Close86.031
The most recent 20 trading days of prices for 91282CAV3.
DateBidOfferClose
Sep 9, 202686.03186.00086.031
Sep 8, 202686.20386.18886.156
Sep 4, 202686.26686.25086.219
Sep 3, 202686.39186.37586.281
Sep 2, 202686.17286.15686.156
Sep 1, 202686.25086.21986.125
Aug 31, 202686.34486.31386.313
Aug 28, 202686.46986.43886.344
Aug 27, 202686.75086.71986.656
Aug 26, 202686.75086.71986.688
Aug 25, 202686.79786.78186.813
Aug 24, 202686.67286.65686.594
Aug 21, 202686.53186.50086.531
Aug 20, 202686.65686.62586.656
Aug 19, 202686.71986.68886.750
Aug 18, 202686.70386.68886.688
Aug 17, 202686.71986.68886.656
Aug 14, 202686.78186.75086.688
Aug 13, 202686.82886.81386.813
Aug 12, 202686.68886.65686.625

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 91282CAV3.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Nov 10, 2020Nov 16, 2020New issue$41.0bn$52.2bn2.32x0.960%
Dec 9, 2020Dec 15, 2020Reopening$38.0bn$39.6bn2.33x0.951%
Jan 12, 2021Jan 15, 2021Reopening$38.0bn$41.8bn2.47x1.164%

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.