Treasury note

91282CCB5 · 1.625% due May 15, 2031

Original term
10-Year
Maturity
May 15, 2031
Coupon
1.625%
Pays
Semi-Annual
Dated
May 15, 2021
First coupon
Nov 15, 2021
Priced through
Sep 9, 2026
Analyzed through
Sep 9, 2026

Statement of August 31, 2026

Amount outstanding
$147.68bn
Held stripped
$91.7m
Share stripped
0.06%

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
4.610%
Modified duration
4.384 yr
DV01
0.0386
Convexity
21.926
Dirty price
88.084

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 4.482 years against a modified duration of 4.384.

Against the fitted curve

Priced 0.0 bp rich to the curve on that day, 0.19 cents per 100 of face.

That is -0.40 standard deviations from its own typical residual.

Yield to maturity, 1,331 observations

1%2%3%4%5%May 17, 2021Sep 9, 2026May 17, 2021Yield to maturity1.642%May 25, 2021Yield to maturity1.560%Jun 3, 2021Yield to maturity1.625%Jun 11, 2021Yield to maturity1.462%Jun 21, 2021Yield to maturity1.489%Jun 29, 2021Yield to maturity1.478%Jul 8, 2021Yield to maturity1.289%Jul 16, 2021Yield to maturity1.299%Jul 26, 2021Yield to maturity1.281%Aug 3, 2021Yield to maturity1.174%Aug 11, 2021Yield to maturity1.330%Aug 19, 2021Yield to maturity1.225%Aug 27, 2021Yield to maturity1.285%Sep 7, 2021Yield to maturity1.349%Sep 15, 2021Yield to maturity1.277%Sep 23, 2021Yield to maturity1.385%Oct 1, 2021Yield to maturity1.447%Oct 12, 2021Yield to maturity1.551%Oct 20, 2021Yield to maturity1.618%Oct 28, 2021Yield to maturity1.544%Nov 5, 2021Yield to maturity1.410%Nov 16, 2021Yield to maturity1.586%Nov 24, 2021Yield to maturity1.604%Dec 3, 2021Yield to maturity1.321%Dec 13, 2021Yield to maturity1.391%Dec 21, 2021Yield to maturity1.443%Dec 30, 2021Yield to maturity1.478%Jan 7, 2022Yield to maturity1.730%Jan 18, 2022Yield to maturity1.841%Jan 26, 2022Yield to maturity1.830%Feb 3, 2022Yield to maturity1.805%Feb 11, 2022Yield to maturity1.921%Feb 22, 2022Yield to maturity1.937%Mar 2, 2022Yield to maturity1.851%Mar 10, 2022Yield to maturity1.976%Mar 18, 2022Yield to maturity2.139%Mar 28, 2022Yield to maturity2.471%Apr 5, 2022Yield to maturity2.553%Apr 13, 2022Yield to maturity2.702%Apr 22, 2022Yield to maturity2.909%May 2, 2022Yield to maturity2.996%May 10, 2022Yield to maturity2.974%May 18, 2022Yield to maturity2.884%May 26, 2022Yield to maturity2.748%Jun 6, 2022Yield to maturity3.040%Jun 14, 2022Yield to maturity3.508%Jun 23, 2022Yield to maturity3.085%Jul 1, 2022Yield to maturity2.875%Jul 12, 2022Yield to maturity2.946%Jul 20, 2022Yield to maturity3.044%Jul 28, 2022Yield to maturity2.646%Aug 5, 2022Yield to maturity2.810%Aug 15, 2022Yield to maturity2.762%Aug 23, 2022Yield to maturity3.028%Aug 31, 2022Yield to maturity3.145%Sep 9, 2022Yield to maturity3.329%Sep 19, 2022Yield to maturity3.502%Sep 27, 2022Yield to maturity4.004%Oct 5, 2022Yield to maturity3.781%Oct 14, 2022Yield to maturity4.022%Oct 24, 2022Yield to maturity4.223%Nov 1, 2022Yield to maturity4.058%Nov 9, 2022Yield to maturity4.118%Nov 18, 2022Yield to maturity3.806%Nov 29, 2022Yield to maturity3.736%Dec 7, 2022Yield to maturity3.416%Dec 15, 2022Yield to maturity3.439%Dec 23, 2022Yield to maturity3.724%Jan 4, 2023Yield to maturity3.677%Jan 12, 2023Yield to maturity3.389%Jan 23, 2023Yield to maturity3.465%Jan 31, 2023Yield to maturity3.470%Feb 8, 2023Yield to maturity3.613%Feb 16, 2023Yield to maturity3.846%Feb 27, 2023Yield to maturity3.938%Mar 7, 2023Yield to maturity3.999%Mar 15, 2023Yield to maturity3.510%Mar 23, 2023Yield to maturity3.366%Mar 31, 2023Yield to maturity3.491%Apr 10, 2023Yield to maturity3.410%Apr 18, 2023Yield to maturity3.559%Apr 26, 2023Yield to maturity3.390%May 4, 2023Yield to maturity3.284%May 12, 2023Yield to maturity3.405%May 22, 2023Yield to maturity3.689%May 31, 2023Yield to maturity3.631%Jun 8, 2023Yield to maturity3.731%Jun 16, 2023Yield to maturity3.793%Jun 27, 2023Yield to maturity3.789%Jul 6, 2023Yield to maturity4.098%Jul 14, 2023Yield to maturity3.838%Jul 24, 2023Yield to maturity3.890%Aug 1, 2023Yield to maturity4.056%Aug 9, 2023Yield to maturity3.995%Aug 17, 2023Yield to maturity4.296%Aug 25, 2023Yield to maturity4.268%Sep 5, 2023Yield to maturity4.260%Sep 13, 2023Yield to maturity4.267%Sep 21, 2023Yield to maturity4.496%Sep 29, 2023Yield to maturity4.588%Oct 10, 2023Yield to maturity4.636%Oct 18, 2023Yield to maturity4.909%Oct 26, 2023Yield to maturity4.849%Nov 3, 2023Yield to maturity4.535%Nov 13, 2023Yield to maturity4.660%Nov 21, 2023Yield to maturity4.417%Nov 30, 2023Yield to maturity4.354%Dec 8, 2023Yield to maturity4.232%Dec 18, 2023Yield to maturity3.935%Dec 27, 2023Yield to maturity3.777%Jan 5, 2024Yield to maturity4.022%Jan 16, 2024Yield to maturity4.013%Jan 24, 2024Yield to maturity4.135%Feb 1, 2024Yield to maturity3.820%Feb 9, 2024Yield to maturity4.162%Feb 20, 2024Yield to maturity4.271%Feb 28, 2024Yield to maturity4.284%Mar 7, 2024Yield to maturity4.085%Mar 15, 2024Yield to maturity4.318%Mar 25, 2024Yield to maturity4.241%Apr 2, 2024Yield to maturity4.357%Apr 10, 2024Yield to maturity4.578%Apr 18, 2024Yield to maturity4.652%Apr 26, 2024Yield to maturity4.680%May 6, 2024Yield to maturity4.467%May 14, 2024Yield to maturity4.440%May 22, 2024Yield to maturity4.437%May 31, 2024Yield to maturity4.513%Jun 10, 2024Yield to maturity4.469%Jun 18, 2024Yield to maturity4.221%Jun 27, 2024Yield to maturity4.293%Jul 8, 2024Yield to maturity4.245%Jul 16, 2024Yield to maturity4.114%Jul 24, 2024Yield to maturity4.209%Aug 1, 2024Yield to maturity3.892%Aug 9, 2024Yield to maturity3.860%Aug 19, 2024Yield to maturity3.798%Aug 27, 2024Yield to maturity3.748%Sep 5, 2024Yield to maturity3.635%Sep 13, 2024Yield to maturity3.529%Sep 23, 2024Yield to maturity3.620%Oct 1, 2024Yield to maturity3.609%Oct 9, 2024Yield to maturity3.971%Oct 18, 2024Yield to maturity3.969%Oct 28, 2024Yield to maturity4.192%Nov 5, 2024Yield to maturity4.224%Nov 14, 2024Yield to maturity4.386%Nov 22, 2024Yield to maturity4.348%Dec 3, 2024Yield to maturity4.174%Dec 11, 2024Yield to maturity4.195%Dec 19, 2024Yield to maturity4.506%Dec 30, 2024Yield to maturity4.451%Jan 8, 2025Yield to maturity4.549%Jan 16, 2025Yield to maturity4.489%Jan 27, 2025Yield to maturity4.414%Feb 4, 2025Yield to maturity4.398%Feb 12, 2025Yield to maturity4.547%Feb 21, 2025Yield to maturity4.332%Mar 3, 2025Yield to maturity4.046%Mar 11, 2025Yield to maturity4.123%Mar 19, 2025Yield to maturity4.112%Mar 27, 2025Yield to maturity4.197%Apr 4, 2025Yield to maturity3.812%Apr 14, 2025Yield to maturity4.153%Apr 22, 2025Yield to maturity4.130%Apr 30, 2025Yield to maturity3.860%May 8, 2025Yield to maturity4.122%May 16, 2025Yield to maturity4.172%May 27, 2025Yield to maturity4.143%Jun 4, 2025Yield to maturity4.048%Jun 12, 2025Yield to maturity4.070%Jun 23, 2025Yield to maturity4.017%Jul 1, 2025Yield to maturity3.941%Jul 10, 2025Yield to maturity4.028%Jul 18, 2025Yield to maturity4.072%Jul 28, 2025Yield to maturity4.074%Aug 5, 2025Yield to maturity3.859%Aug 13, 2025Yield to maturity3.861%Aug 21, 2025Yield to maturity3.948%Aug 29, 2025Yield to maturity3.788%Sep 9, 2025Yield to maturity3.684%Sep 17, 2025Yield to maturity3.692%Sep 25, 2025Yield to maturity3.832%Oct 3, 2025Yield to maturity3.782%Oct 14, 2025Yield to maturity3.665%Oct 22, 2025Yield to maturity3.620%Oct 30, 2025Yield to maturity3.774%Nov 7, 2025Yield to maturity3.737%Nov 18, 2025Yield to maturity3.753%Nov 26, 2025Yield to maturity3.620%Dec 5, 2025Yield to maturity3.766%Dec 15, 2025Yield to maturity3.788%Dec 23, 2025Yield to maturity3.790%Jan 2, 2026Yield to maturity3.795%Jan 12, 2026Yield to maturity3.811%Jan 21, 2026Yield to maturity3.884%Jan 29, 2026Yield to maturity3.858%Feb 6, 2026Yield to maturity3.806%Feb 17, 2026Yield to maturity3.668%Feb 25, 2026Yield to maturity3.662%Mar 5, 2026Yield to maturity3.762%Mar 13, 2026Yield to maturity3.909%Mar 23, 2026Yield to maturity4.006%Mar 31, 2026Yield to maturity3.965%Apr 8, 2026Yield to maturity3.953%Apr 16, 2026Yield to maturity3.948%Apr 24, 2026Yield to maturity3.945%May 4, 2026Yield to maturity4.111%May 12, 2026Yield to maturity4.144%May 20, 2026Yield to maturity4.245%May 29, 2026Yield to maturity4.161%Jun 8, 2026Yield to maturity4.301%Jun 16, 2026Yield to maturity4.168%Jun 25, 2026Yield to maturity4.172%Jul 6, 2026Yield to maturity4.218%Jul 14, 2026Yield to maturity4.315%Jul 22, 2026Yield to maturity4.420%Jul 30, 2026Yield to maturity4.393%Aug 7, 2026Yield to maturity4.353%Aug 17, 2026Yield to maturity4.381%Aug 25, 2026Yield to maturity4.353%Sep 2, 2026Yield to maturity4.550%Sep 9, 2026Yield to maturity4.610%

Price history

1,331 trading days to Sep 9, 2026

7580859095100105May 17, 2021Sep 9, 2026May 17, 2021Close99.844May 25, 2021Close100.594Jun 3, 2021Close100.000Jun 11, 2021Close101.500Jun 21, 2021Close101.250Jun 29, 2021Close101.344Jul 8, 2021Close103.094Jul 16, 2021Close103.000Jul 26, 2021Close103.156Aug 3, 2021Close104.156Aug 11, 2021Close102.688Aug 19, 2021Close103.656Aug 27, 2021Close103.094Sep 7, 2021Close102.500Sep 15, 2021Close103.156Sep 23, 2021Close102.156Oct 1, 2021Close101.594Oct 12, 2021Close100.656Oct 20, 2021Close100.063Oct 28, 2021Close100.719Nov 5, 2021Close101.906Nov 16, 2021Close100.344Nov 24, 2021Close100.188Dec 3, 2021Close102.688Dec 13, 2021Close102.063Dec 21, 2021Close101.594Dec 30, 2021Close101.281Jan 7, 2022Close99.094Jan 18, 2022Close98.156Jan 26, 2022Close98.250Feb 3, 2022Close98.469Feb 11, 2022Close97.500Feb 22, 2022Close97.375Mar 2, 2022Close98.094Mar 10, 2022Close97.063Mar 18, 2022Close95.750Mar 28, 2022Close93.125Apr 5, 2022Close92.500Apr 13, 2022Close91.375Apr 22, 2022Close89.844May 2, 2022Close89.219May 10, 2022Close89.406May 18, 2022Close90.094May 26, 2022Close91.125Jun 6, 2022Close89.000Jun 14, 2022Close85.688Jun 23, 2022Close88.719Jul 1, 2022Close90.281Jul 12, 2022Close89.781Jul 20, 2022Close89.094Jul 28, 2022Close92.031Aug 5, 2022Close90.844Aug 15, 2022Close91.219Aug 23, 2022Close89.313Aug 31, 2022Close88.500Sep 9, 2022Close87.250Sep 19, 2022Close86.094Sep 27, 2022Close82.781Oct 5, 2022Close84.281Oct 14, 2022Close82.750Oct 24, 2022Close81.500Nov 1, 2022Close82.594Nov 9, 2022Close82.250Nov 18, 2022Close84.313Nov 29, 2022Close84.813Dec 7, 2022Close86.969Dec 15, 2022Close86.844Dec 23, 2022Close85.000Jan 4, 2023Close85.344Jan 12, 2023Close87.281Jan 23, 2023Close86.813Jan 31, 2023Close86.813Feb 8, 2023Close85.906Feb 16, 2023Close84.438Feb 27, 2023Close83.906Mar 7, 2023Close83.563Mar 15, 2023Close86.719Mar 23, 2023Close87.688Mar 31, 2023Close86.906Apr 10, 2023Close87.469Apr 18, 2023Close86.531Apr 26, 2023Close87.656May 4, 2023Close88.375May 12, 2023Close87.625May 22, 2023Close85.844May 31, 2023Close86.250Jun 8, 2023Close85.656Jun 16, 2023Close85.313Jun 27, 2023Close85.375Jul 6, 2023Close83.531Jul 14, 2023Close85.156Jul 24, 2023Close84.875Aug 1, 2023Close83.906Aug 9, 2023Close84.313Aug 17, 2023Close82.563Aug 25, 2023Close82.781Sep 5, 2023Close82.875Sep 13, 2023Close82.875Sep 21, 2023Close81.594Sep 29, 2023Close81.125Oct 10, 2023Close80.906Oct 18, 2023Close79.438Oct 26, 2023Close79.813Nov 3, 2023Close81.625Nov 13, 2023Close80.969Nov 21, 2023Close82.375Nov 30, 2023Close82.781Dec 8, 2023Close83.531Dec 18, 2023Close85.281Dec 27, 2023Close86.250Jan 5, 2024Close84.875Jan 16, 2024Close84.969Jan 24, 2024Close84.313Feb 1, 2024Close86.156Feb 9, 2024Close84.250Feb 20, 2024Close83.688Feb 28, 2024Close83.656Mar 7, 2024Close84.813Mar 15, 2024Close83.563Mar 25, 2024Close84.031Apr 2, 2024Close83.438Apr 10, 2024Close82.281Apr 18, 2024Close81.938Apr 26, 2024Close81.844May 6, 2024Close83.031May 14, 2024Close83.219May 22, 2024Close83.281May 31, 2024Close82.938Jun 10, 2024Close83.219Jun 18, 2024Close84.594Jun 27, 2024Close84.250Jul 8, 2024Close84.563Jul 16, 2024Close85.313Jul 24, 2024Close84.844Aug 1, 2024Close86.594Aug 9, 2024Close86.813Aug 19, 2024Close87.188Aug 27, 2024Close87.500Sep 5, 2024Close88.156Sep 13, 2024Close88.781Sep 23, 2024Close88.313Oct 1, 2024Close88.406Oct 9, 2024Close86.500Oct 18, 2024Close86.563Oct 28, 2024Close85.438Nov 5, 2024Close85.313Nov 14, 2024Close84.531Nov 22, 2024Close84.781Dec 3, 2024Close85.719Dec 11, 2024Close85.656Dec 19, 2024Close84.125Dec 30, 2024Close84.469Jan 8, 2025Close84.031Jan 16, 2025Close84.375Jan 27, 2025Close84.813Feb 4, 2025Close84.938Feb 12, 2025Close84.250Feb 21, 2025Close85.375Mar 3, 2025Close86.844Mar 11, 2025Close86.500Mar 19, 2025Close86.594Mar 27, 2025Close86.219Apr 4, 2025Close88.188Apr 14, 2025Close86.531Apr 22, 2025Close86.688Apr 30, 2025Close88.063May 8, 2025Close86.813May 16, 2025Close86.625May 27, 2025Close86.813Jun 4, 2025Close87.313Jun 12, 2025Close87.250Jun 23, 2025Close87.563Jul 1, 2025Close87.969Jul 10, 2025Close87.594Jul 18, 2025Close87.438Jul 28, 2025Close87.469Aug 5, 2025Close88.531Aug 13, 2025Close88.563Aug 21, 2025Close88.188Aug 29, 2025Close89.000Sep 9, 2025Close89.531Sep 17, 2025Close89.531Sep 25, 2025Close88.906Oct 3, 2025Close89.188Oct 14, 2025Close89.781Oct 22, 2025Close90.031Oct 30, 2025Close89.344Nov 7, 2025Close89.563Nov 18, 2025Close89.531Nov 26, 2025Close90.188Dec 5, 2025Close89.563Dec 15, 2025Close89.500Dec 23, 2025Close89.531Jan 2, 2026Close89.563Jan 12, 2026Close89.531Jan 21, 2026Close89.250Jan 29, 2026Close89.406Feb 6, 2026Close89.688Feb 17, 2026Close90.344Feb 25, 2026Close90.406Mar 5, 2026Close90.000Mar 13, 2026Close89.406Mar 23, 2026Close89.031Mar 31, 2026Close89.250Apr 8, 2026Close89.344Apr 16, 2026Close89.406Apr 24, 2026Close89.469May 4, 2026Close88.813May 12, 2026Close88.719May 20, 2026Close88.344May 29, 2026Close88.750Jun 8, 2026Close88.219Jun 16, 2026Close88.813Jun 25, 2026Close88.844Jul 6, 2026Close88.719Jul 14, 2026Close88.375Jul 22, 2026Close88.000Jul 30, 2026Close88.156Aug 7, 2026Close88.375Aug 17, 2026Close88.313Aug 25, 2026Close88.469Sep 2, 2026Close87.750Sep 9, 2026Close87.563
The most recent 20 trading days of prices for 91282CCB5.
DateBidOfferClose
Sep 9, 202687.59487.56387.563
Sep 8, 202687.78187.75087.719
Sep 4, 202687.85987.84487.813
Sep 3, 202688.00087.96987.906
Sep 2, 202687.76687.75087.750
Sep 1, 202687.85987.84487.719
Aug 31, 202687.95387.93887.938
Aug 28, 202688.09488.06387.969
Aug 27, 202688.42288.40688.313
Aug 26, 202688.42288.40688.375
Aug 25, 202688.46988.43888.469
Aug 24, 202688.31388.28188.250
Aug 21, 202688.17288.15688.156
Aug 20, 202688.31388.28188.313
Aug 19, 202688.40688.37588.438
Aug 18, 202688.35988.34488.344
Aug 17, 202688.39188.37588.313
Aug 14, 202688.45388.43888.375
Aug 13, 202688.53188.50088.531
Aug 12, 202688.37588.34488.281

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.

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 91282CCB5.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
May 12, 2021May 17, 2021New issue$41.0bn$62.8bn2.45x1.684%
Jun 9, 2021Jun 15, 2021Reopening$38.0bn$41.5bn2.58x1.497%
Jul 12, 2021Jul 15, 2021Reopening$38.0bn$44.3bn2.39x1.371%

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.