Treasury note

91282CCH2 · 1.25% due June 30, 2028

Original term
7-Year
Maturity
Jun 30, 2028
Coupon
1.250%
Pays
Semi-Annual
Dated
Jun 30, 2021
First coupon
Dec 31, 2021
Priced through
Sep 9, 2026
Analyzed through
Sep 9, 2026

Statement of August 31, 2026

Amount outstanding
$70.83bn
Held stripped
$192.6m
Share stripped
0.27%

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
4.417%
Modified duration
1.747 yr
DV01
0.0166
Convexity
3.926
Dirty price
94.807

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 1.785 years against a modified duration of 1.747.

Against the fitted curve

Priced 0.5 bp cheap to the curve on that day, 0.75 cents per 100 of face.

That is 0.43 standard deviations from its own typical residual.

Yield to maturity, 1,300 observations

0%1%2%3%4%5%Jun 30, 2021Sep 9, 2026Jun 30, 2021Yield to maturity1.213%Jul 9, 2021Yield to maturity1.114%Jul 19, 2021Yield to maturity0.961%Jul 27, 2021Yield to maturity0.997%Aug 4, 2021Yield to maturity0.945%Aug 12, 2021Yield to maturity1.117%Aug 20, 2021Yield to maturity1.042%Aug 30, 2021Yield to maturity1.046%Sep 8, 2021Yield to maturity1.083%Sep 16, 2021Yield to maturity1.111%Sep 24, 2021Yield to maturity1.240%Oct 4, 2021Yield to maturity1.245%Oct 13, 2021Yield to maturity1.348%Oct 21, 2021Yield to maturity1.481%Oct 29, 2021Yield to maturity1.423%Nov 8, 2021Yield to maturity1.354%Nov 17, 2021Yield to maturity1.459%Nov 26, 2021Yield to maturity1.364%Dec 6, 2021Yield to maturity1.355%Dec 14, 2021Yield to maturity1.370%Dec 22, 2021Yield to maturity1.376%Dec 31, 2021Yield to maturity1.412%Jan 10, 2022Yield to maturity1.685%Jan 19, 2022Yield to maturity1.765%Jan 27, 2022Yield to maturity1.777%Feb 4, 2022Yield to maturity1.891%Feb 14, 2022Yield to maturity1.995%Feb 23, 2022Yield to maturity1.976%Mar 3, 2022Yield to maturity1.822%Mar 11, 2022Yield to maturity2.020%Mar 21, 2022Yield to maturity2.387%Mar 29, 2022Yield to maturity2.527%Apr 6, 2022Yield to maturity2.731%Apr 14, 2022Yield to maturity2.864%Apr 25, 2022Yield to maturity2.884%May 3, 2022Yield to maturity3.067%May 11, 2022Yield to maturity2.960%May 19, 2022Yield to maturity2.895%May 27, 2022Yield to maturity2.796%Jun 7, 2022Yield to maturity3.053%Jun 15, 2022Yield to maturity3.426%Jun 24, 2022Yield to maturity3.233%Jul 5, 2022Yield to maturity2.893%Jul 13, 2022Yield to maturity3.057%Jul 21, 2022Yield to maturity3.045%Jul 29, 2022Yield to maturity2.754%Aug 8, 2022Yield to maturity2.930%Aug 16, 2022Yield to maturity2.985%Aug 24, 2022Yield to maturity3.266%Sep 1, 2022Yield to maturity3.445%Sep 12, 2022Yield to maturity3.508%Sep 20, 2022Yield to maturity3.763%Sep 28, 2022Yield to maturity3.945%Oct 6, 2022Yield to maturity4.069%Oct 17, 2022Yield to maturity4.273%Oct 25, 2022Yield to maturity4.271%Nov 2, 2022Yield to maturity4.323%Nov 10, 2022Yield to maturity3.976%Nov 21, 2022Yield to maturity4.013%Nov 30, 2022Yield to maturity3.854%Dec 8, 2022Yield to maturity3.722%Dec 16, 2022Yield to maturity3.632%Dec 27, 2022Yield to maturity3.971%Jan 5, 2023Yield to maturity3.907%Jan 13, 2023Yield to maturity3.618%Jan 24, 2023Yield to maturity3.580%Feb 1, 2023Yield to maturity3.486%Feb 9, 2023Yield to maturity3.869%Feb 17, 2023Yield to maturity4.024%Feb 28, 2023Yield to maturity4.178%Mar 8, 2023Yield to maturity4.335%Mar 16, 2023Yield to maturity3.766%Mar 24, 2023Yield to maturity3.470%Apr 3, 2023Yield to maturity3.556%Apr 11, 2023Yield to maturity3.572%Apr 19, 2023Yield to maturity3.739%Apr 27, 2023Yield to maturity3.642%May 5, 2023Yield to maturity3.454%May 15, 2023Yield to maturity3.499%May 23, 2023Yield to maturity3.798%Jun 1, 2023Yield to maturity3.752%Jun 9, 2023Yield to maturity3.964%Jun 20, 2023Yield to maturity4.007%Jun 28, 2023Yield to maturity4.004%Jul 7, 2023Yield to maturity4.378%Jul 17, 2023Yield to maturity4.040%Jul 25, 2023Yield to maturity4.204%Aug 2, 2023Yield to maturity4.271%Aug 10, 2023Yield to maturity4.245%Aug 18, 2023Yield to maturity4.426%Aug 28, 2023Yield to maturity4.432%Sep 6, 2023Yield to maturity4.495%Sep 14, 2023Yield to maturity4.478%Sep 22, 2023Yield to maturity4.624%Oct 2, 2023Yield to maturity4.769%Oct 11, 2023Yield to maturity4.640%Oct 19, 2023Yield to maturity4.993%Oct 27, 2023Yield to maturity4.807%Nov 6, 2023Yield to maturity4.650%Nov 14, 2023Yield to maturity4.468%Nov 22, 2023Yield to maturity4.484%Dec 1, 2023Yield to maturity4.207%Dec 11, 2023Yield to maturity4.311%Dec 19, 2023Yield to maturity4.005%Dec 28, 2023Yield to maturity3.898%Jan 8, 2024Yield to maturity4.005%Jan 17, 2024Yield to maturity4.045%Jan 25, 2024Yield to maturity4.059%Feb 2, 2024Yield to maturity4.042%Feb 12, 2024Yield to maturity4.174%Feb 21, 2024Yield to maturity4.352%Feb 29, 2024Yield to maturity4.325%Mar 8, 2024Yield to maturity4.129%Mar 18, 2024Yield to maturity4.420%Mar 26, 2024Yield to maturity4.297%Apr 3, 2024Yield to maturity4.400%Apr 11, 2024Yield to maturity4.682%Apr 19, 2024Yield to maturity4.732%Apr 29, 2024Yield to maturity4.722%May 7, 2024Yield to maturity4.550%May 15, 2024Yield to maturity4.423%May 23, 2024Yield to maturity4.604%Jun 3, 2024Yield to maturity4.509%Jun 11, 2024Yield to maturity4.490%Jun 20, 2024Yield to maturity4.353%Jun 28, 2024Yield to maturity4.429%Jul 9, 2024Yield to maturity4.319%Jul 17, 2024Yield to maturity4.131%Jul 25, 2024Yield to maturity4.212%Aug 2, 2024Yield to maturity3.659%Aug 12, 2024Yield to maturity3.801%Aug 20, 2024Yield to maturity3.769%Aug 28, 2024Yield to maturity3.718%Sep 6, 2024Yield to maturity3.532%Sep 16, 2024Yield to maturity3.442%Sep 24, 2024Yield to maturity3.482%Oct 2, 2024Yield to maturity3.571%Oct 10, 2024Yield to maturity3.928%Oct 21, 2024Yield to maturity3.979%Oct 29, 2024Yield to maturity4.122%Nov 6, 2024Yield to maturity4.278%Nov 15, 2024Yield to maturity4.312%Nov 25, 2024Yield to maturity4.230%Dec 4, 2024Yield to maturity4.099%Dec 12, 2024Yield to maturity4.197%Dec 20, 2024Yield to maturity4.353%Dec 31, 2024Yield to maturity4.346%Jan 9, 2025Yield to maturity4.386%Jan 17, 2025Yield to maturity4.361%Jan 28, 2025Yield to maturity4.286%Feb 5, 2025Yield to maturity4.220%Feb 13, 2025Yield to maturity4.357%Feb 24, 2025Yield to maturity4.202%Mar 4, 2025Yield to maturity3.975%Mar 12, 2025Yield to maturity4.025%Mar 20, 2025Yield to maturity3.968%Mar 28, 2025Yield to maturity3.925%Apr 7, 2025Yield to maturity3.747%Apr 15, 2025Yield to maturity3.874%Apr 23, 2025Yield to maturity3.903%May 1, 2025Yield to maturity3.711%May 9, 2025Yield to maturity3.900%May 19, 2025Yield to maturity3.975%May 28, 2025Yield to maturity3.974%Jun 5, 2025Yield to maturity3.913%Jun 13, 2025Yield to maturity3.937%Jun 24, 2025Yield to maturity3.773%Jul 2, 2025Yield to maturity3.792%Jul 11, 2025Yield to maturity3.887%Jul 21, 2025Yield to maturity3.812%Jul 29, 2025Yield to maturity3.830%Aug 6, 2025Yield to maturity3.670%Aug 14, 2025Yield to maturity3.712%Aug 22, 2025Yield to maturity3.650%Sep 2, 2025Yield to maturity3.634%Sep 10, 2025Yield to maturity3.517%Sep 18, 2025Yield to maturity3.572%Sep 26, 2025Yield to maturity3.669%Oct 6, 2025Yield to maturity3.625%Oct 15, 2025Yield to maturity3.520%Oct 23, 2025Yield to maturity3.500%Oct 31, 2025Yield to maturity3.600%Nov 10, 2025Yield to maturity3.595%Nov 19, 2025Yield to maturity3.589%Nov 28, 2025Yield to maturity3.496%Dec 8, 2025Yield to maturity3.609%Dec 16, 2025Yield to maturity3.494%Dec 24, 2025Yield to maturity3.570%Jan 5, 2026Yield to maturity3.488%Jan 13, 2026Yield to maturity3.550%Jan 22, 2026Yield to maturity3.643%Jan 30, 2026Yield to maturity3.557%Feb 9, 2026Yield to maturity3.521%Feb 18, 2026Yield to maturity3.473%Feb 26, 2026Yield to maturity3.450%Mar 6, 2026Yield to maturity3.564%Mar 16, 2026Yield to maturity3.675%Mar 24, 2026Yield to maturity3.939%Apr 1, 2026Yield to maturity3.828%Apr 9, 2026Yield to maturity3.793%Apr 17, 2026Yield to maturity3.716%Apr 27, 2026Yield to maturity3.819%May 5, 2026Yield to maturity3.956%May 13, 2026Yield to maturity3.984%May 21, 2026Yield to maturity4.093%Jun 1, 2026Yield to maturity4.069%Jun 9, 2026Yield to maturity4.149%Jun 17, 2026Yield to maturity4.214%Jun 26, 2026Yield to maturity4.106%Jul 7, 2026Yield to maturity4.193%Jul 15, 2026Yield to maturity4.138%Jul 23, 2026Yield to maturity4.364%Jul 31, 2026Yield to maturity4.301%Aug 10, 2026Yield to maturity4.245%Aug 18, 2026Yield to maturity4.189%Aug 26, 2026Yield to maturity4.223%Sep 3, 2026Yield to maturity4.333%Sep 9, 2026Yield to maturity4.417%

Price history

1,300 trading days to Sep 9, 2026

80859095100105Jun 30, 2021Sep 9, 2026Jun 30, 2021Close100.250Jul 9, 2021Close100.906Jul 19, 2021Close101.938Jul 27, 2021Close101.688Aug 4, 2021Close102.031Aug 12, 2021Close100.875Aug 20, 2021Close101.375Aug 30, 2021Close101.344Sep 8, 2021Close101.094Sep 16, 2021Close100.906Sep 24, 2021Close100.063Oct 4, 2021Close100.031Oct 13, 2021Close99.375Oct 21, 2021Close98.531Oct 29, 2021Close98.906Nov 8, 2021Close99.344Nov 17, 2021Close98.688Nov 26, 2021Close99.281Dec 6, 2021Close99.344Dec 14, 2021Close99.250Dec 22, 2021Close99.219Dec 31, 2021Close99.000Jan 10, 2022Close97.344Jan 19, 2022Close96.875Jan 27, 2022Close96.813Feb 4, 2022Close96.156Feb 14, 2022Close95.563Feb 23, 2022Close95.688Mar 3, 2022Close96.594Mar 11, 2022Close95.469Mar 21, 2022Close93.406Mar 29, 2022Close92.656Apr 6, 2022Close91.563Apr 14, 2022Close90.875Apr 25, 2022Close90.813May 3, 2022Close89.875May 11, 2022Close90.469May 19, 2022Close90.844May 27, 2022Close91.406Jun 7, 2022Close90.094Jun 15, 2022Close88.219Jun 24, 2022Close89.250Jul 5, 2022Close91.031Jul 13, 2022Close90.219Jul 21, 2022Close90.313Jul 29, 2022Close91.844Aug 8, 2022Close90.969Aug 16, 2022Close90.719Aug 24, 2022Close89.344Sep 1, 2022Close88.500Sep 12, 2022Close88.250Sep 20, 2022Close87.063Sep 28, 2022Close86.250Oct 6, 2022Close85.719Oct 17, 2022Close84.844Oct 25, 2022Close84.906Nov 2, 2022Close84.719Nov 10, 2022Close86.375Nov 21, 2022Close86.250Nov 30, 2022Close87.031Dec 8, 2022Close87.688Dec 16, 2022Close88.156Dec 27, 2022Close86.656Jan 5, 2023Close87.000Jan 13, 2023Close88.375Jan 24, 2023Close88.594Feb 1, 2023Close89.063Feb 9, 2023Close87.375Feb 17, 2023Close86.750Feb 28, 2023Close86.125Mar 8, 2023Close85.500Mar 16, 2023Close88.031Mar 24, 2023Close89.406Apr 3, 2023Close89.063Apr 11, 2023Close89.031Apr 19, 2023Close88.344Apr 27, 2023Close88.813May 5, 2023Close89.688May 15, 2023Close89.531May 23, 2023Close88.281Jun 1, 2023Close88.531Jun 9, 2023Close87.688Jun 20, 2023Close87.563Jun 28, 2023Close87.625Jul 7, 2023Close86.156Jul 17, 2023Close87.594Jul 25, 2023Close86.969Aug 2, 2023Close86.750Aug 10, 2023Close86.906Aug 18, 2023Close86.250Aug 28, 2023Close86.281Sep 6, 2023Close86.094Sep 14, 2023Close86.219Sep 22, 2023Close85.719Oct 2, 2023Close85.219Oct 11, 2023Close85.781Oct 19, 2023Close84.500Oct 27, 2023Close85.281Nov 6, 2023Close85.938Nov 14, 2023Close86.688Nov 22, 2023Close86.688Dec 1, 2023Close87.813Dec 11, 2023Close87.469Dec 19, 2023Close88.688Dec 28, 2023Close89.156Jan 8, 2024Close88.813Jan 17, 2024Close88.719Jan 25, 2024Close88.719Feb 2, 2024Close88.844Feb 12, 2024Close88.406Feb 21, 2024Close87.813Feb 29, 2024Close87.969Mar 8, 2024Close88.750Mar 18, 2024Close87.750Mar 26, 2024Close88.250Apr 3, 2024Close87.938Apr 11, 2024Close87.000Apr 19, 2024Close86.906Apr 29, 2024Close87.000May 7, 2024Close87.656May 15, 2024Close88.156May 23, 2024Close87.594Jun 3, 2024Close88.000Jun 11, 2024Close88.125Jun 20, 2024Close88.656Jun 28, 2024Close88.469Jul 9, 2024Close88.906Jul 17, 2024Close89.594Jul 25, 2024Close89.375Aug 2, 2024Close91.313Aug 12, 2024Close90.875Aug 20, 2024Close91.031Aug 28, 2024Close91.250Sep 6, 2024Close91.938Sep 16, 2024Close92.281Sep 24, 2024Close92.188Oct 2, 2024Close91.938Oct 10, 2024Close90.813Oct 21, 2024Close90.719Oct 29, 2024Close90.313Nov 6, 2024Close89.875Nov 15, 2024Close89.844Nov 25, 2024Close90.156Dec 4, 2024Close90.625Dec 12, 2024Close90.375Dec 20, 2024Close89.969Dec 31, 2024Close90.063Jan 9, 2025Close90.000Jan 17, 2025Close90.156Jan 28, 2025Close90.438Feb 5, 2025Close90.688Feb 13, 2025Close90.344Feb 24, 2025Close90.875Mar 4, 2025Close91.594Mar 12, 2025Close91.500Mar 20, 2025Close91.719Mar 28, 2025Close91.906Apr 7, 2025Close92.469Apr 15, 2025Close92.156Apr 23, 2025Close92.125May 1, 2025Close92.719May 9, 2025Close92.250May 19, 2025Close92.094May 28, 2025Close92.156Jun 5, 2025Close92.375Jun 13, 2025Close92.375Jun 24, 2025Close92.875Jul 2, 2025Close92.875Jul 11, 2025Close92.688Jul 21, 2025Close92.938Jul 29, 2025Close92.938Aug 6, 2025Close93.406Aug 14, 2025Close93.344Aug 22, 2025Close93.563Sep 2, 2025Close93.656Sep 10, 2025Close94.000Sep 18, 2025Close93.906Sep 26, 2025Close93.719Oct 6, 2025Close93.875Oct 15, 2025Close94.188Oct 23, 2025Close94.281Oct 31, 2025Close94.094Nov 10, 2025Close94.156Nov 19, 2025Close94.219Nov 28, 2025Close94.500Dec 8, 2025Close94.281Dec 16, 2025Close94.594Dec 24, 2025Close94.469Jan 5, 2026Close94.719Jan 13, 2026Close94.625Jan 22, 2026Close94.469Jan 30, 2026Close94.719Feb 9, 2026Close94.844Feb 18, 2026Close95.000Feb 26, 2026Close95.094Mar 6, 2026Close94.906Mar 16, 2026Close94.719Mar 24, 2026Close94.219Apr 1, 2026Close94.500Apr 9, 2026Close94.625Apr 17, 2026Close94.844Apr 27, 2026Close94.688May 5, 2026Close94.469May 13, 2026Close94.469May 21, 2026Close94.313Jun 1, 2026Close94.438Jun 9, 2026Close94.344Jun 17, 2026Close94.281Jun 26, 2026Close94.563Jul 7, 2026Close94.469Jul 15, 2026Close94.625Jul 23, 2026Close94.281Jul 31, 2026Close94.469Aug 10, 2026Close94.625Aug 18, 2026Close94.781Aug 26, 2026Close94.781Sep 3, 2026Close94.656Sep 9, 2026Close94.563
The most recent 20 trading days of prices for 91282CCH2.
DateBidOfferClose
Sep 9, 202694.57894.56394.563
Sep 8, 202694.62594.62594.594
Sep 4, 202694.64194.62594.625
Sep 3, 202694.67294.65694.656
Sep 2, 202694.57894.56394.563
Sep 1, 202694.59494.59494.563
Aug 31, 202694.64194.62594.625
Aug 28, 202694.64194.62594.594
Aug 27, 202694.81394.81394.781
Aug 26, 202694.79794.78194.781
Aug 25, 202694.82894.81394.813
Aug 24, 202694.76694.75094.750
Aug 21, 202694.73494.71994.750
Aug 20, 202694.79794.78194.813
Aug 19, 202694.79794.78194.813
Aug 18, 202694.81394.81394.781
Aug 17, 202694.81394.81394.781
Aug 14, 202694.82894.81394.781
Aug 13, 202694.82894.81394.813
Aug 12, 202694.73494.71994.719

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 91282CCH2.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Jun 24, 2021Jun 30, 2021New issue$62.0bn$71.4bn2.36x1.264%

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.