Treasury note

91282CDF5 · 1.375% due October 31, 2028

Original term
7-Year
Maturity
Oct 31, 2028
Coupon
1.375%
Pays
Semi-Annual
Dated
Oct 31, 2021
First coupon
Apr 30, 2022
Priced through
Sep 9, 2026
Analyzed through
Sep 9, 2026

Statement of August 31, 2026

Amount outstanding
$67.43bn
Held stripped
$142.4m
Share stripped
0.21%

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
4.455%
Modified duration
2.057 yr
DV01
0.0194
Convexity
5.289
Dirty price
94.278

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 5 of twelve buckets, summing to 2.105 years against a modified duration of 2.057.

Against the fitted curve

Priced 0.9 bp rich to the curve on that day, 1.75 cents per 100 of face.

That is -0.66 standard deviations from its own typical residual.

Yield to maturity, 1,215 observations

1%2%3%4%5%Nov 1, 2021Sep 9, 2026Nov 1, 2021Yield to maturity1.460%Nov 9, 2021Yield to maturity1.319%Nov 18, 2021Yield to maturity1.470%Nov 29, 2021Yield to maturity1.418%Dec 7, 2021Yield to maturity1.427%Dec 15, 2021Yield to maturity1.418%Dec 23, 2021Yield to maturity1.413%Jan 3, 2022Yield to maturity1.554%Jan 11, 2022Yield to maturity1.683%Jan 20, 2022Yield to maturity1.773%Jan 28, 2022Yield to maturity1.745%Feb 7, 2022Yield to maturity1.887%Feb 15, 2022Yield to maturity2.047%Feb 24, 2022Yield to maturity1.946%Mar 4, 2022Yield to maturity1.714%Mar 14, 2022Yield to maturity2.174%Mar 22, 2022Yield to maturity2.452%Mar 30, 2022Yield to maturity2.461%Apr 7, 2022Yield to maturity2.758%Apr 18, 2022Yield to maturity2.875%Apr 26, 2022Yield to maturity2.830%May 4, 2022Yield to maturity2.997%May 12, 2022Yield to maturity2.884%May 20, 2022Yield to maturity2.845%May 31, 2022Yield to maturity2.902%Jun 8, 2022Yield to maturity3.095%Jun 16, 2022Yield to maturity3.398%Jun 27, 2022Yield to maturity3.307%Jul 6, 2022Yield to maturity3.028%Jul 14, 2022Yield to maturity3.097%Jul 22, 2022Yield to maturity2.895%Aug 1, 2022Yield to maturity2.693%Aug 9, 2022Yield to maturity2.964%Aug 17, 2022Yield to maturity3.057%Aug 25, 2022Yield to maturity3.193%Sep 2, 2022Yield to maturity3.352%Sep 13, 2022Yield to maturity3.597%Sep 21, 2022Yield to maturity3.741%Sep 29, 2022Yield to maturity4.002%Oct 7, 2022Yield to maturity4.149%Oct 18, 2022Yield to maturity4.224%Oct 26, 2022Yield to maturity4.221%Nov 3, 2022Yield to maturity4.368%Nov 14, 2022Yield to maturity4.029%Nov 22, 2022Yield to maturity3.955%Dec 1, 2022Yield to maturity3.695%Dec 9, 2022Yield to maturity3.763%Dec 19, 2022Yield to maturity3.720%Dec 28, 2022Yield to maturity4.003%Jan 6, 2023Yield to maturity3.702%Jan 17, 2023Yield to maturity3.621%Jan 25, 2023Yield to maturity3.565%Feb 2, 2023Yield to maturity3.495%Feb 10, 2023Yield to maturity3.926%Feb 21, 2023Yield to maturity4.152%Mar 1, 2023Yield to maturity4.258%Mar 9, 2023Yield to maturity4.201%Mar 17, 2023Yield to maturity3.521%Mar 27, 2023Yield to maturity3.649%Apr 4, 2023Yield to maturity3.438%Apr 12, 2023Yield to maturity3.499%Apr 20, 2023Yield to maturity3.662%Apr 28, 2023Yield to maturity3.565%May 8, 2023Yield to maturity3.546%May 16, 2023Yield to maturity3.568%May 24, 2023Yield to maturity3.823%Jun 2, 2023Yield to maturity3.871%Jun 12, 2023Yield to maturity3.922%Jun 21, 2023Yield to maturity3.969%Jun 29, 2023Yield to maturity4.135%Jul 10, 2023Yield to maturity4.251%Jul 18, 2023Yield to maturity4.011%Jul 26, 2023Yield to maturity4.115%Aug 3, 2023Yield to maturity4.329%Aug 11, 2023Yield to maturity4.330%Aug 21, 2023Yield to maturity4.482%Aug 29, 2023Yield to maturity4.302%Sep 7, 2023Yield to maturity4.427%Sep 15, 2023Yield to maturity4.503%Sep 25, 2023Yield to maturity4.660%Oct 3, 2023Yield to maturity4.851%Oct 12, 2023Yield to maturity4.736%Oct 20, 2023Yield to maturity4.917%Oct 30, 2023Yield to maturity4.862%Nov 7, 2023Yield to maturity4.588%Nov 15, 2023Yield to maturity4.563%Nov 24, 2023Yield to maturity4.528%Dec 4, 2023Yield to maturity4.285%Dec 12, 2023Yield to maturity4.275%Dec 20, 2023Yield to maturity3.918%Dec 29, 2023Yield to maturity3.897%Jan 9, 2024Yield to maturity4.008%Jan 18, 2024Yield to maturity4.068%Jan 26, 2024Yield to maturity4.083%Feb 5, 2024Yield to maturity4.158%Feb 13, 2024Yield to maturity4.346%Feb 22, 2024Yield to maturity4.369%Mar 1, 2024Yield to maturity4.202%Mar 11, 2024Yield to maturity4.126%Mar 19, 2024Yield to maturity4.350%Mar 27, 2024Yield to maturity4.233%Apr 4, 2024Yield to maturity4.336%Apr 12, 2024Yield to maturity4.586%Apr 22, 2024Yield to maturity4.702%Apr 30, 2024Yield to maturity4.769%May 8, 2024Yield to maturity4.548%May 16, 2024Yield to maturity4.445%May 24, 2024Yield to maturity4.575%Jun 4, 2024Yield to maturity4.412%Jun 12, 2024Yield to maturity4.375%Jun 21, 2024Yield to maturity4.327%Jul 1, 2024Yield to maturity4.496%Jul 10, 2024Yield to maturity4.297%Jul 18, 2024Yield to maturity4.157%Jul 26, 2024Yield to maturity4.122%Aug 5, 2024Yield to maturity3.656%Aug 13, 2024Yield to maturity3.719%Aug 21, 2024Yield to maturity3.697%Aug 29, 2024Yield to maturity3.734%Sep 9, 2024Yield to maturity3.526%Sep 17, 2024Yield to maturity3.469%Sep 25, 2024Yield to maturity3.531%Oct 3, 2024Yield to maturity3.648%Oct 11, 2024Yield to maturity3.904%Oct 22, 2024Yield to maturity4.016%Oct 30, 2024Yield to maturity4.166%Nov 7, 2024Yield to maturity4.200%Nov 18, 2024Yield to maturity4.295%Nov 26, 2024Yield to maturity4.227%Dec 5, 2024Yield to maturity4.115%Dec 13, 2024Yield to maturity4.274%Dec 23, 2024Yield to maturity4.433%Jan 2, 2025Yield to maturity4.359%Jan 10, 2025Yield to maturity4.564%Jan 21, 2025Yield to maturity4.390%Jan 29, 2025Yield to maturity4.330%Feb 6, 2025Yield to maturity4.269%Feb 14, 2025Yield to maturity4.322%Feb 25, 2025Yield to maturity4.113%Mar 5, 2025Yield to maturity4.051%Mar 13, 2025Yield to maturity3.988%Mar 21, 2025Yield to maturity3.968%Mar 31, 2025Yield to maturity3.924%Apr 8, 2025Yield to maturity3.800%Apr 16, 2025Yield to maturity3.835%Apr 24, 2025Yield to maturity3.840%May 2, 2025Yield to maturity3.849%May 12, 2025Yield to maturity4.028%May 20, 2025Yield to maturity3.993%May 29, 2025Yield to maturity3.949%Jun 6, 2025Yield to maturity4.063%Jun 16, 2025Yield to maturity3.975%Jun 25, 2025Yield to maturity3.772%Jul 3, 2025Yield to maturity3.878%Jul 14, 2025Yield to maturity3.894%Jul 22, 2025Yield to maturity3.793%Jul 30, 2025Yield to maturity3.906%Aug 7, 2025Yield to maturity3.716%Aug 15, 2025Yield to maturity3.747%Aug 25, 2025Yield to maturity3.708%Sep 3, 2025Yield to maturity3.604%Sep 11, 2025Yield to maturity3.509%Sep 19, 2025Yield to maturity3.583%Sep 29, 2025Yield to maturity3.655%Oct 7, 2025Yield to maturity3.603%Oct 16, 2025Yield to maturity3.439%Oct 24, 2025Yield to maturity3.503%Nov 3, 2025Yield to maturity3.622%Nov 12, 2025Yield to maturity3.583%Nov 20, 2025Yield to maturity3.564%Dec 1, 2025Yield to maturity3.562%Dec 9, 2025Yield to maturity3.650%Dec 17, 2025Yield to maturity3.536%Dec 26, 2025Yield to maturity3.534%Jan 6, 2026Yield to maturity3.528%Jan 14, 2026Yield to maturity3.558%Jan 23, 2026Yield to maturity3.668%Feb 2, 2026Yield to maturity3.636%Feb 10, 2026Yield to maturity3.516%Feb 19, 2026Yield to maturity3.497%Feb 27, 2026Yield to maturity3.391%Mar 9, 2026Yield to maturity3.576%Mar 17, 2026Yield to maturity3.685%Mar 25, 2026Yield to maturity3.890%Apr 2, 2026Yield to maturity3.818%Apr 10, 2026Yield to maturity3.831%Apr 20, 2026Yield to maturity3.730%Apr 28, 2026Yield to maturity3.874%May 6, 2026Yield to maturity3.895%May 14, 2026Yield to maturity4.029%May 22, 2026Yield to maturity4.175%Jun 2, 2026Yield to maturity4.085%Jun 10, 2026Yield to maturity4.182%Jun 18, 2026Yield to maturity4.217%Jun 29, 2026Yield to maturity4.125%Jul 8, 2026Yield to maturity4.229%Jul 16, 2026Yield to maturity4.195%Jul 24, 2026Yield to maturity4.366%Aug 3, 2026Yield to maturity4.302%Aug 11, 2026Yield to maturity4.269%Aug 19, 2026Yield to maturity4.203%Aug 27, 2026Yield to maturity4.263%Sep 4, 2026Yield to maturity4.399%Sep 9, 2026Yield to maturity4.455%

Price history

1,215 trading days to Sep 9, 2026

80859095100105Nov 1, 2021Sep 9, 2026Nov 1, 2021Close99.438Nov 9, 2021Close100.375Nov 18, 2021Close99.375Nov 29, 2021Close99.719Dec 7, 2021Close99.656Dec 15, 2021Close99.719Dec 23, 2021Close99.750Jan 3, 2022Close98.844Jan 11, 2022Close98.031Jan 20, 2022Close97.469Jan 28, 2022Close97.656Feb 7, 2022Close96.781Feb 15, 2022Close95.813Feb 24, 2022Close96.438Mar 4, 2022Close97.875Mar 14, 2022Close95.094Mar 22, 2022Close93.469Mar 30, 2022Close93.438Apr 7, 2022Close91.750Apr 18, 2022Close91.125Apr 26, 2022Close91.406May 4, 2022Close90.500May 12, 2022Close91.156May 20, 2022Close91.406May 31, 2022Close91.125Jun 8, 2022Close90.094Jun 16, 2022Close88.500Jun 27, 2022Close89.031Jul 6, 2022Close90.563Jul 14, 2022Close90.219Jul 22, 2022Close91.344Aug 1, 2022Close92.469Aug 9, 2022Close91.031Aug 17, 2022Close90.563Aug 25, 2022Close89.875Sep 2, 2022Close89.094Sep 13, 2022Close87.875Sep 21, 2022Close87.188Sep 29, 2022Close85.938Oct 7, 2022Close85.281Oct 18, 2022Close84.969Oct 26, 2022Close85.031Nov 3, 2022Close84.375Nov 14, 2022Close86.063Nov 22, 2022Close86.469Dec 1, 2022Close87.781Dec 9, 2022Close87.500Dec 19, 2022Close87.750Dec 28, 2022Close86.438Jan 6, 2023Close87.938Jan 17, 2023Close88.375Jan 25, 2023Close88.688Feb 2, 2023Close89.063Feb 10, 2023Close87.063Feb 21, 2023Close86.063Mar 1, 2023Close85.625Mar 9, 2023Close85.938Mar 17, 2023Close89.156Mar 27, 2023Close88.594Apr 4, 2023Close89.625Apr 12, 2023Close89.375Apr 20, 2023Close88.656Apr 28, 2023Close89.156May 8, 2023Close89.281May 16, 2023Close89.219May 24, 2023Close88.094Jun 2, 2023Close87.938Jun 12, 2023Close87.750Jun 21, 2023Close87.594Jun 29, 2023Close86.906Jul 10, 2023Close86.469Jul 18, 2023Close87.563Jul 26, 2023Close87.156Aug 3, 2023Close86.281Aug 11, 2023Close86.344Aug 21, 2023Close85.750Aug 29, 2023Close86.563Sep 7, 2023Close86.094Sep 15, 2023Close85.844Sep 25, 2023Close85.250Oct 3, 2023Close84.531Oct 12, 2023Close85.063Oct 20, 2023Close84.406Oct 30, 2023Close84.688Nov 7, 2023Close85.844Nov 15, 2023Close86.000Nov 24, 2023Close86.219Dec 4, 2023Close87.250Dec 12, 2023Close87.344Dec 20, 2023Close88.844Dec 29, 2023Close89.000Jan 9, 2024Close88.594Jan 18, 2024Close88.406Jan 26, 2024Close88.406Feb 5, 2024Close88.156Feb 13, 2024Close87.469Feb 22, 2024Close87.438Mar 1, 2024Close88.156Mar 11, 2024Close88.500Mar 19, 2024Close87.688Mar 27, 2024Close88.188Apr 4, 2024Close87.844Apr 12, 2024Close86.969Apr 22, 2024Close86.594Apr 30, 2024Close86.406May 8, 2024Close87.281May 16, 2024Close87.719May 24, 2024Close87.313Jun 4, 2024Close87.969Jun 12, 2024Close88.156Jun 21, 2024Close88.406Jul 1, 2024Close87.844Jul 10, 2024Close88.625Jul 18, 2024Close89.188Jul 26, 2024Close89.375Aug 5, 2024Close91.125Aug 13, 2024Close90.938Aug 21, 2024Close91.063Aug 29, 2024Close90.969Sep 9, 2024Close91.781Sep 17, 2024Close92.031Sep 25, 2024Close91.844Oct 3, 2024Close91.469Oct 11, 2024Close90.625Oct 22, 2024Close90.281Oct 30, 2024Close89.813Nov 7, 2024Close89.750Nov 18, 2024Close89.500Nov 26, 2024Close89.781Dec 5, 2024Close90.219Dec 13, 2024Close89.750Dec 23, 2024Close89.281Jan 2, 2025Close89.594Jan 10, 2025Close89.000Jan 21, 2025Close89.625Jan 29, 2025Close89.875Feb 6, 2025Close90.125Feb 14, 2025Close90.031Feb 25, 2025Close90.750Mar 5, 2025Close91.000Mar 13, 2025Close91.250Mar 21, 2025Close91.375Mar 31, 2025Close91.563Apr 8, 2025Close92.000Apr 16, 2025Close91.938Apr 24, 2025Close91.969May 2, 2025Close92.000May 12, 2025Close91.500May 20, 2025Close91.656May 29, 2025Close91.844Jun 6, 2025Close91.563Jun 16, 2025Close91.875Jun 25, 2025Close92.531Jul 3, 2025Close92.281Jul 14, 2025Close92.281Jul 22, 2025Close92.625Jul 30, 2025Close92.344Aug 7, 2025Close92.938Aug 15, 2025Close92.906Aug 25, 2025Close93.063Sep 3, 2025Close93.406Sep 11, 2025Close93.719Sep 19, 2025Close93.563Sep 29, 2025Close93.406Oct 7, 2025Close93.594Oct 16, 2025Close94.094Oct 24, 2025Close93.969Nov 3, 2025Close93.688Nov 12, 2025Close93.844Nov 20, 2025Close93.938Dec 1, 2025Close94.000Dec 9, 2025Close93.813Dec 17, 2025Close94.156Dec 26, 2025Close94.219Jan 6, 2026Close94.281Jan 14, 2026Close94.250Jan 23, 2026Close94.031Feb 2, 2026Close94.156Feb 10, 2026Close94.500Feb 19, 2026Close94.594Feb 27, 2026Close94.906Mar 9, 2026Close94.500Mar 17, 2026Close94.281Mar 25, 2026Close93.844Apr 2, 2026Close94.063Apr 10, 2026Close94.094Apr 20, 2026Close94.375Apr 28, 2026Close94.094May 6, 2026Close94.094May 14, 2026Close93.844May 22, 2026Close93.594Jun 2, 2026Close93.844Jun 10, 2026Close93.688Jun 18, 2026Close93.688Jun 29, 2026Close93.938Jul 8, 2026Close93.781Jul 16, 2026Close93.906Jul 24, 2026Close93.625Aug 3, 2026Close93.813Aug 11, 2026Close93.938Aug 19, 2026Close94.125Aug 27, 2026Close94.063Sep 4, 2026Close93.875Sep 9, 2026Close93.781
The most recent 20 trading days of prices for 91282CDF5.
DateBidOfferClose
Sep 9, 202693.79793.78193.781
Sep 8, 202693.85993.84493.844
Sep 4, 202693.89193.87593.875
Sep 3, 202693.95393.93893.906
Sep 2, 202693.82893.81393.813
Sep 1, 202693.85993.84493.781
Aug 31, 202693.90693.87593.875
Aug 28, 202693.92293.90693.875
Aug 27, 202694.10994.09494.063
Aug 26, 202694.10994.09494.094
Aug 25, 202694.14194.12594.125
Aug 24, 202694.07894.06394.031
Aug 21, 202694.01694.00094.031
Aug 20, 202694.10994.09494.094
Aug 19, 202694.10994.09494.125
Aug 18, 202694.10994.09494.094
Aug 17, 202694.14194.12594.094
Aug 14, 202694.14194.12594.094
Aug 13, 202694.14194.12594.125
Aug 12, 202694.04794.03194.000

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 91282CDF5.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Oct 28, 2021Nov 1, 2021New issue$62.0bn$68.3bn2.25x1.461%

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.

Free to benchmark against. Paid only to track. Measuring anything against these curves and indices is free. No license, no fee, no registration, and no permission needed to say that you did, including in a prospectus. A fee applies to one thing: launching a product that tracks an index.

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.