Treasury note

91282CBB6 · 0.625% due December 31, 2027

Original term
7-Year
Maturity
Dec 31, 2027
Coupon
0.625%
Pays
Semi-Annual
Dated
Dec 31, 2020
First coupon
Jun 30, 2021
Priced through
Sep 9, 2026
Analyzed through
Sep 9, 2026

Statement of August 31, 2026

Amount outstanding
$67.19bn
Held stripped
$12.5m
Share stripped
0.02%

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
4.335%
Modified duration
1.272 yr
DV01
0.0121
Convexity
2.244
Dirty price
95.466

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 4 of twelve buckets, summing to 1.302 years against a modified duration of 1.272.

Against the fitted curve

Priced 0.9 bp cheap to the curve on that day, 1.04 cents per 100 of face.

That is 0.51 standard deviations from its own typical residual.

Yield to maturity, 1,425 observations

0%1%2%3%4%5%Dec 31, 2020Sep 9, 2026Dec 31, 2020Yield to maturity0.648%Jan 11, 2021Yield to maturity0.833%Jan 20, 2021Yield to maturity0.769%Jan 28, 2021Yield to maturity0.736%Feb 5, 2021Yield to maturity0.812%Feb 16, 2021Yield to maturity0.921%Feb 24, 2021Yield to maturity0.994%Mar 4, 2021Yield to maturity1.189%Mar 12, 2021Yield to maturity1.270%Mar 22, 2021Yield to maturity1.312%Mar 30, 2021Yield to maturity1.349%Apr 7, 2021Yield to maturity1.296%Apr 15, 2021Yield to maturity1.194%Apr 23, 2021Yield to maturity1.216%May 3, 2021Yield to maturity1.233%May 11, 2021Yield to maturity1.215%May 19, 2021Yield to maturity1.272%May 27, 2021Yield to maturity1.194%Jun 7, 2021Yield to maturity1.166%Jun 15, 2021Yield to maturity1.127%Jun 23, 2021Yield to maturity1.185%Jul 1, 2021Yield to maturity1.166%Jul 12, 2021Yield to maturity1.056%Jul 20, 2021Yield to maturity0.915%Jul 28, 2021Yield to maturity0.937%Aug 5, 2021Yield to maturity0.933%Aug 13, 2021Yield to maturity1.000%Aug 23, 2021Yield to maturity0.971%Aug 31, 2021Yield to maturity0.987%Sep 9, 2021Yield to maturity0.994%Sep 17, 2021Yield to maturity1.074%Sep 27, 2021Yield to maturity1.197%Oct 5, 2021Yield to maturity1.210%Oct 14, 2021Yield to maturity1.249%Oct 22, 2021Yield to maturity1.403%Nov 1, 2021Yield to maturity1.379%Nov 9, 2021Yield to maturity1.240%Nov 18, 2021Yield to maturity1.390%Nov 29, 2021Yield to maturity1.333%Dec 7, 2021Yield to maturity1.369%Dec 15, 2021Yield to maturity1.366%Dec 23, 2021Yield to maturity1.358%Jan 3, 2022Yield to maturity1.490%Jan 11, 2022Yield to maturity1.623%Jan 20, 2022Yield to maturity1.719%Jan 28, 2022Yield to maturity1.701%Feb 7, 2022Yield to maturity1.845%Feb 15, 2022Yield to maturity2.008%Feb 24, 2022Yield to maturity1.908%Mar 4, 2022Yield to maturity1.695%Mar 14, 2022Yield to maturity2.152%Mar 22, 2022Yield to maturity2.440%Mar 30, 2022Yield to maturity2.472%Apr 7, 2022Yield to maturity2.749%Apr 18, 2022Yield to maturity2.856%Apr 26, 2022Yield to maturity2.819%May 4, 2022Yield to maturity2.977%May 12, 2022Yield to maturity2.862%May 20, 2022Yield to maturity2.847%May 31, 2022Yield to maturity2.883%Jun 8, 2022Yield to maturity3.090%Jun 16, 2022Yield to maturity3.395%Jun 27, 2022Yield to maturity3.302%Jul 6, 2022Yield to maturity3.017%Jul 14, 2022Yield to maturity3.107%Jul 22, 2022Yield to maturity2.910%Aug 1, 2022Yield to maturity2.699%Aug 9, 2022Yield to maturity2.996%Aug 17, 2022Yield to maturity3.074%Aug 25, 2022Yield to maturity3.208%Sep 2, 2022Yield to maturity3.354%Sep 13, 2022Yield to maturity3.620%Sep 21, 2022Yield to maturity3.762%Sep 29, 2022Yield to maturity4.008%Oct 7, 2022Yield to maturity4.161%Oct 18, 2022Yield to maturity4.235%Oct 26, 2022Yield to maturity4.235%Nov 3, 2022Yield to maturity4.379%Nov 14, 2022Yield to maturity4.030%Nov 22, 2022Yield to maturity3.984%Dec 1, 2022Yield to maturity3.731%Dec 9, 2022Yield to maturity3.792%Dec 19, 2022Yield to maturity3.738%Dec 28, 2022Yield to maturity4.004%Jan 6, 2023Yield to maturity3.719%Jan 17, 2023Yield to maturity3.621%Jan 25, 2023Yield to maturity3.574%Feb 2, 2023Yield to maturity3.504%Feb 10, 2023Yield to maturity3.943%Feb 21, 2023Yield to maturity4.179%Mar 1, 2023Yield to maturity4.291%Mar 9, 2023Yield to maturity4.251%Mar 17, 2023Yield to maturity3.501%Mar 27, 2023Yield to maturity3.670%Apr 4, 2023Yield to maturity3.450%Apr 12, 2023Yield to maturity3.518%Apr 20, 2023Yield to maturity3.689%Apr 28, 2023Yield to maturity3.572%May 8, 2023Yield to maturity3.546%May 16, 2023Yield to maturity3.568%May 24, 2023Yield to maturity3.848%Jun 2, 2023Yield to maturity3.927%Jun 12, 2023Yield to maturity3.984%Jun 21, 2023Yield to maturity4.044%Jun 29, 2023Yield to maturity4.228%Jul 10, 2023Yield to maturity4.328%Jul 18, 2023Yield to maturity4.091%Jul 26, 2023Yield to maturity4.202%Aug 3, 2023Yield to maturity4.383%Aug 11, 2023Yield to maturity4.389%Aug 21, 2023Yield to maturity4.539%Aug 29, 2023Yield to maturity4.374%Sep 7, 2023Yield to maturity4.483%Sep 15, 2023Yield to maturity4.552%Sep 25, 2023Yield to maturity4.697%Oct 3, 2023Yield to maturity4.864%Oct 12, 2023Yield to maturity4.751%Oct 20, 2023Yield to maturity4.906%Oct 30, 2023Yield to maturity4.845%Nov 7, 2023Yield to maturity4.600%Nov 15, 2023Yield to maturity4.593%Nov 24, 2023Yield to maturity4.576%Dec 4, 2023Yield to maturity4.319%Dec 12, 2023Yield to maturity4.311%Dec 20, 2023Yield to maturity3.954%Dec 29, 2023Yield to maturity3.917%Jan 9, 2024Yield to maturity4.036%Jan 18, 2024Yield to maturity4.086%Jan 26, 2024Yield to maturity4.100%Feb 5, 2024Yield to maturity4.196%Feb 13, 2024Yield to maturity4.388%Feb 22, 2024Yield to maturity4.412%Mar 1, 2024Yield to maturity4.255%Mar 11, 2024Yield to maturity4.198%Mar 19, 2024Yield to maturity4.414%Mar 27, 2024Yield to maturity4.299%Apr 4, 2024Yield to maturity4.399%Apr 12, 2024Yield to maturity4.658%Apr 22, 2024Yield to maturity4.763%Apr 30, 2024Yield to maturity4.840%May 8, 2024Yield to maturity4.618%May 16, 2024Yield to maturity4.509%May 24, 2024Yield to maturity4.645%Jun 4, 2024Yield to maturity4.483%Jun 12, 2024Yield to maturity4.455%Jun 21, 2024Yield to maturity4.414%Jul 1, 2024Yield to maturity4.565%Jul 10, 2024Yield to maturity4.359%Jul 18, 2024Yield to maturity4.213%Jul 26, 2024Yield to maturity4.167%Aug 5, 2024Yield to maturity3.693%Aug 13, 2024Yield to maturity3.745%Aug 21, 2024Yield to maturity3.733%Aug 29, 2024Yield to maturity3.753%Sep 9, 2024Yield to maturity3.524%Sep 17, 2024Yield to maturity3.468%Sep 25, 2024Yield to maturity3.508%Oct 3, 2024Yield to maturity3.637%Oct 11, 2024Yield to maturity3.886%Oct 22, 2024Yield to maturity4.009%Oct 30, 2024Yield to maturity4.156%Nov 7, 2024Yield to maturity4.192%Nov 18, 2024Yield to maturity4.284%Nov 26, 2024Yield to maturity4.240%Dec 5, 2024Yield to maturity4.105%Dec 13, 2024Yield to maturity4.242%Dec 23, 2024Yield to maturity4.376%Jan 2, 2025Yield to maturity4.290%Jan 10, 2025Yield to maturity4.494%Jan 21, 2025Yield to maturity4.331%Jan 29, 2025Yield to maturity4.285%Feb 6, 2025Yield to maturity4.239%Feb 14, 2025Yield to maturity4.290%Feb 25, 2025Yield to maturity4.106%Mar 5, 2025Yield to maturity4.020%Mar 13, 2025Yield to maturity3.959%Mar 21, 2025Yield to maturity3.941%Mar 31, 2025Yield to maturity3.904%Apr 8, 2025Yield to maturity3.751%Apr 16, 2025Yield to maturity3.789%Apr 24, 2025Yield to maturity3.803%May 2, 2025Yield to maturity3.836%May 12, 2025Yield to maturity3.995%May 20, 2025Yield to maturity3.970%May 29, 2025Yield to maturity3.935%Jun 6, 2025Yield to maturity4.039%Jun 16, 2025Yield to maturity3.959%Jun 25, 2025Yield to maturity3.770%Jul 3, 2025Yield to maturity3.878%Jul 14, 2025Yield to maturity3.879%Jul 22, 2025Yield to maturity3.794%Jul 30, 2025Yield to maturity3.923%Aug 7, 2025Yield to maturity3.707%Aug 15, 2025Yield to maturity3.743%Aug 25, 2025Yield to maturity3.698%Sep 3, 2025Yield to maturity3.612%Sep 11, 2025Yield to maturity3.522%Sep 19, 2025Yield to maturity3.571%Sep 29, 2025Yield to maturity3.645%Oct 7, 2025Yield to maturity3.583%Oct 16, 2025Yield to maturity3.430%Oct 24, 2025Yield to maturity3.481%Nov 3, 2025Yield to maturity3.604%Nov 12, 2025Yield to maturity3.559%Nov 20, 2025Yield to maturity3.557%Dec 1, 2025Yield to maturity3.550%Dec 9, 2025Yield to maturity3.614%Dec 17, 2025Yield to maturity3.496%Dec 26, 2025Yield to maturity3.488%Jan 6, 2026Yield to maturity3.490%Jan 14, 2026Yield to maturity3.522%Jan 23, 2026Yield to maturity3.603%Feb 2, 2026Yield to maturity3.567%Feb 10, 2026Yield to maturity3.458%Feb 19, 2026Yield to maturity3.460%Feb 27, 2026Yield to maturity3.392%Mar 9, 2026Yield to maturity3.575%Mar 17, 2026Yield to maturity3.687%Mar 25, 2026Yield to maturity3.917%Apr 2, 2026Yield to maturity3.803%Apr 10, 2026Yield to maturity3.835%Apr 20, 2026Yield to maturity3.738%Apr 28, 2026Yield to maturity3.860%May 6, 2026Yield to maturity3.862%May 14, 2026Yield to maturity3.989%May 22, 2026Yield to maturity4.117%Jun 2, 2026Yield to maturity4.038%Jun 10, 2026Yield to maturity4.130%Jun 18, 2026Yield to maturity4.200%Jun 29, 2026Yield to maturity4.118%Jul 8, 2026Yield to maturity4.199%Jul 16, 2026Yield to maturity4.137%Jul 24, 2026Yield to maturity4.322%Aug 3, 2026Yield to maturity4.236%Aug 11, 2026Yield to maturity4.195%Aug 19, 2026Yield to maturity4.129%Aug 27, 2026Yield to maturity4.186%Sep 4, 2026Yield to maturity4.319%Sep 9, 2026Yield to maturity4.335%

Price history

1,425 trading days to Sep 9, 2026

80859095100Dec 31, 2020Sep 9, 2026Dec 31, 2020Close99.844Jan 11, 2021Close98.594Jan 20, 2021Close99.031Jan 28, 2021Close99.250Feb 5, 2021Close98.750Feb 16, 2021Close98.031Feb 24, 2021Close97.563Mar 4, 2021Close96.313Mar 12, 2021Close95.813Mar 22, 2021Close95.563Mar 30, 2021Close95.344Apr 7, 2021Close95.688Apr 15, 2021Close96.344Apr 23, 2021Close96.219May 3, 2021Close96.125May 11, 2021Close96.250May 19, 2021Close95.906May 27, 2021Close96.406Jun 7, 2021Close96.594Jun 15, 2021Close96.844Jun 23, 2021Close96.500Jul 1, 2021Close96.625Jul 12, 2021Close97.313Jul 20, 2021Close98.188Jul 28, 2021Close98.063Aug 5, 2021Close98.094Aug 13, 2021Close97.688Aug 23, 2021Close97.875Aug 31, 2021Close97.781Sep 9, 2021Close97.750Sep 17, 2021Close97.281Sep 27, 2021Close96.563Oct 5, 2021Close96.500Oct 14, 2021Close96.281Oct 22, 2021Close95.406Nov 1, 2021Close95.563Nov 9, 2021Close96.375Nov 18, 2021Close95.531Nov 29, 2021Close95.875Dec 7, 2021Close95.688Dec 15, 2021Close95.719Dec 23, 2021Close95.781Jan 3, 2022Close95.063Jan 11, 2022Close94.344Jan 20, 2022Close93.844Jan 28, 2022Close93.969Feb 7, 2022Close93.219Feb 15, 2022Close92.375Feb 24, 2022Close92.938Mar 4, 2022Close94.094Mar 14, 2022Close91.719Mar 22, 2022Close90.281Mar 30, 2022Close90.156Apr 7, 2022Close88.813Apr 18, 2022Close88.344Apr 26, 2022Close88.563May 4, 2022Close87.844May 12, 2022Close88.438May 20, 2022Close88.563May 31, 2022Close88.438Jun 8, 2022Close87.500Jun 16, 2022Close86.125Jun 27, 2022Close86.625Jul 6, 2022Close88.000Jul 14, 2022Close87.625Jul 22, 2022Close88.594Aug 1, 2022Close89.625Aug 9, 2022Close88.281Aug 17, 2022Close87.969Aug 25, 2022Close87.406Sep 2, 2022Close86.813Sep 13, 2022Close85.688Sep 21, 2022Close85.125Sep 29, 2022Close84.125Oct 7, 2022Close83.563Oct 18, 2022Close83.313Oct 26, 2022Close83.375Nov 3, 2022Close82.844Nov 14, 2022Close84.375Nov 22, 2022Close84.625Dec 1, 2022Close85.750Dec 9, 2022Close85.563Dec 19, 2022Close85.844Dec 28, 2022Close84.813Jan 6, 2023Close86.063Jan 17, 2023Close86.531Jan 25, 2023Close86.781Feb 2, 2023Close87.125Feb 10, 2023Close85.406Feb 21, 2023Close84.531Mar 1, 2023Close84.156Mar 9, 2023Close84.375Mar 17, 2023Close87.438Mar 27, 2023Close86.813Apr 4, 2023Close87.750Apr 12, 2023Close87.531Apr 20, 2023Close86.906Apr 28, 2023Close87.438May 8, 2023Close87.594May 16, 2023Close87.563May 24, 2023Close86.531Jun 2, 2023Close86.313Jun 12, 2023Close86.156Jun 21, 2023Close86.000Jun 29, 2023Close85.375Jul 10, 2023Close85.094Jul 18, 2023Close86.031Jul 26, 2023Close85.688Aug 3, 2023Close85.094Aug 11, 2023Close85.156Aug 21, 2023Close84.688Aug 29, 2023Close85.344Sep 7, 2023Close85.031Sep 15, 2023Close84.875Sep 25, 2023Close84.438Oct 3, 2023Close83.938Oct 12, 2023Close84.406Oct 20, 2023Close83.969Oct 30, 2023Close84.250Nov 7, 2023Close85.156Nov 15, 2023Close85.250Nov 24, 2023Close85.406Dec 4, 2023Close86.344Dec 12, 2023Close86.438Dec 20, 2023Close87.719Dec 29, 2023Close87.938Jan 9, 2024Close87.594Jan 18, 2024Close87.500Jan 26, 2024Close87.531Feb 5, 2024Close87.281Feb 13, 2024Close86.719Feb 22, 2024Close86.719Mar 1, 2024Close87.313Mar 11, 2024Close87.563Mar 19, 2024Close86.938Mar 27, 2024Close87.375Apr 4, 2024Close87.125Apr 12, 2024Close86.406Apr 22, 2024Close86.156Apr 30, 2024Close86.000May 8, 2024Close86.750May 16, 2024Close87.156May 24, 2024Close86.844Jun 4, 2024Close87.406Jun 12, 2024Close87.563Jun 21, 2024Close87.781Jul 1, 2024Close87.406Jul 10, 2024Close88.094Jul 18, 2024Close88.594Jul 26, 2024Close88.813Aug 5, 2024Close90.281Aug 13, 2024Close90.188Aug 21, 2024Close90.281Aug 29, 2024Close90.281Sep 9, 2024Close91.031Sep 17, 2024Close91.250Sep 25, 2024Close91.188Oct 3, 2024Close90.875Oct 11, 2024Close90.250Oct 22, 2024Close89.969Oct 30, 2024Close89.625Nov 7, 2024Close89.594Nov 18, 2024Close89.438Nov 26, 2024Close89.625Dec 5, 2024Close90.063Dec 13, 2024Close89.781Dec 23, 2024Close89.500Jan 2, 2025Close89.813Jan 10, 2025Close89.375Jan 21, 2025Close89.875Jan 29, 2025Close90.063Feb 6, 2025Close90.250Feb 14, 2025Close90.219Feb 25, 2025Close90.750Mar 5, 2025Close91.031Mar 13, 2025Close91.250Mar 21, 2025Close91.375Mar 31, 2025Close91.531Apr 8, 2025Close91.969Apr 16, 2025Close91.938Apr 24, 2025Close91.969May 2, 2025Close91.969May 12, 2025Close91.656May 20, 2025Close91.781May 29, 2025Close91.938Jun 6, 2025Close91.781Jun 16, 2025Close92.031Jun 25, 2025Close92.531Jul 3, 2025Close92.375Jul 14, 2025Close92.438Jul 22, 2025Close92.688Jul 30, 2025Close92.469Aug 7, 2025Close93.000Aug 15, 2025Close93.000Aug 25, 2025Close93.156Sep 3, 2025Close93.406Sep 11, 2025Close93.656Sep 19, 2025Close93.625Sep 29, 2025Close93.531Oct 7, 2025Close93.719Oct 16, 2025Close94.094Oct 24, 2025Close94.063Nov 3, 2025Close93.875Nov 12, 2025Close94.031Nov 20, 2025Close94.094Dec 1, 2025Close94.188Dec 9, 2025Close94.125Dec 17, 2025Close94.406Dec 26, 2025Close94.500Jan 6, 2026Close94.563Jan 14, 2026Close94.563Jan 23, 2026Close94.500Feb 2, 2026Close94.625Feb 10, 2026Close94.875Feb 19, 2026Close94.938Feb 27, 2026Close95.125Mar 9, 2026Close94.875Mar 17, 2026Close94.750Mar 25, 2026Close94.438Apr 2, 2026Close94.688Apr 10, 2026Close94.719Apr 20, 2026Close94.938Apr 28, 2026Close94.813May 6, 2026Close94.875May 14, 2026Close94.750May 22, 2026Close94.656Jun 2, 2026Close94.844Jun 10, 2026Close94.781Jun 18, 2026Close94.781Jun 29, 2026Close94.969Jul 8, 2026Close94.938Jul 16, 2026Close95.094Jul 24, 2026Close94.938Aug 3, 2026Close95.125Aug 11, 2026Close95.250Aug 19, 2026Close95.406Aug 27, 2026Close95.406Sep 4, 2026Close95.344Sep 9, 2026Close95.344
The most recent 20 trading days of prices for 91282CBB6.
DateBidOfferClose
Sep 9, 202695.32895.31395.344
Sep 8, 202695.35995.34495.344
Sep 4, 202695.35995.34495.344
Sep 3, 202695.37595.37595.344
Sep 2, 202695.29795.28195.281
Sep 1, 202695.29795.28195.250
Aug 31, 202695.32895.31395.313
Aug 28, 202695.32895.31395.281
Aug 27, 202695.43895.43895.406
Aug 26, 202695.42295.40695.406
Aug 25, 202695.43895.43895.438
Aug 24, 202695.39195.37595.375
Aug 21, 202695.35995.34495.375
Aug 20, 202695.42295.40695.406
Aug 19, 202695.39195.37595.406
Aug 18, 202695.40695.40695.375
Aug 17, 202695.40695.40695.375
Aug 14, 202695.42295.40695.375
Aug 13, 202695.39195.37595.375
Aug 12, 202695.32895.31395.281

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 91282CBB6.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Dec 29, 2020Dec 31, 2020New issue$59.0bn$68.0bn2.31x0.662%

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.