Treasury note

91282CDG3 · 1.125% due October 31, 2026

Original term
5-Year
Maturity
Oct 31, 2026
Coupon
1.125%
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
$66.59bn
Held stripped
$422.4m
Share stripped
0.63%

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
4.056%
Modified duration
0.138 yr
DV01
0.0014
Convexity
0.038
Dirty price
100.000

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. All of it sits at 3M. For a security with a single remaining cashflow that is the true shape, not missing data.

Against the fitted curve

Priced 15.5 bp cheap to the curve on that day, 2.13 cents per 100 of face.

That is 4.24 standard deviations from its own typical residual.

Yield to maturity, 1,215 observations

1%2%3%4%5%6%Nov 1, 2021Sep 9, 2026Nov 1, 2021Yield to maturity1.196%Nov 9, 2021Yield to maturity1.073%Nov 18, 2021Yield to maturity1.216%Nov 29, 2021Yield to maturity1.177%Dec 7, 2021Yield to maturity1.257%Dec 15, 2021Yield to maturity1.264%Dec 23, 2021Yield to maturity1.258%Jan 3, 2022Yield to maturity1.360%Jan 11, 2022Yield to maturity1.504%Jan 20, 2022Yield to maturity1.617%Jan 28, 2022Yield to maturity1.612%Feb 7, 2022Yield to maturity1.755%Feb 15, 2022Yield to maturity1.957%Feb 24, 2022Yield to maturity1.861%Mar 4, 2022Yield to maturity1.665%Mar 14, 2022Yield to maturity2.123%Mar 22, 2022Yield to maturity2.438%Mar 30, 2022Yield to maturity2.497%Apr 7, 2022Yield to maturity2.754%Apr 18, 2022Yield to maturity2.811%Apr 26, 2022Yield to maturity2.819%May 4, 2022Yield to maturity2.952%May 12, 2022Yield to maturity2.827%May 20, 2022Yield to maturity2.822%May 31, 2022Yield to maturity2.839%Jun 8, 2022Yield to maturity3.063%Jun 16, 2022Yield to maturity3.397%Jun 27, 2022Yield to maturity3.281%Jul 6, 2022Yield to maturity2.998%Jul 14, 2022Yield to maturity3.122%Jul 22, 2022Yield to maturity2.913%Aug 1, 2022Yield to maturity2.725%Aug 9, 2022Yield to maturity3.072%Aug 17, 2022Yield to maturity3.149%Aug 25, 2022Yield to maturity3.277%Sep 2, 2022Yield to maturity3.395%Sep 13, 2022Yield to maturity3.693%Sep 21, 2022Yield to maturity3.883%Sep 29, 2022Yield to maturity4.112%Oct 7, 2022Yield to maturity4.269%Oct 18, 2022Yield to maturity4.350%Oct 26, 2022Yield to maturity4.331%Nov 3, 2022Yield to maturity4.515%Nov 14, 2022Yield to maturity4.140%Nov 22, 2022Yield to maturity4.138%Dec 1, 2022Yield to maturity3.851%Dec 9, 2022Yield to maturity3.926%Dec 19, 2022Yield to maturity3.867%Dec 28, 2022Yield to maturity4.101%Jan 6, 2023Yield to maturity3.849%Jan 17, 2023Yield to maturity3.744%Jan 25, 2023Yield to maturity3.711%Feb 2, 2023Yield to maturity3.641%Feb 10, 2023Yield to maturity4.094%Feb 21, 2023Yield to maturity4.341%Mar 1, 2023Yield to maturity4.490%Mar 9, 2023Yield to maturity4.469%Mar 17, 2023Yield to maturity3.657%Mar 27, 2023Yield to maturity3.782%Apr 4, 2023Yield to maturity3.570%Apr 12, 2023Yield to maturity3.654%Apr 20, 2023Yield to maturity3.821%Apr 28, 2023Yield to maturity3.700%May 8, 2023Yield to maturity3.645%May 16, 2023Yield to maturity3.681%May 24, 2023Yield to maturity3.986%Jun 2, 2023Yield to maturity4.074%Jun 12, 2023Yield to maturity4.135%Jun 21, 2023Yield to maturity4.221%Jun 29, 2023Yield to maturity4.424%Jul 10, 2023Yield to maturity4.486%Jul 18, 2023Yield to maturity4.278%Jul 26, 2023Yield to maturity4.409%Aug 3, 2023Yield to maturity4.531%Aug 11, 2023Yield to maturity4.548%Aug 21, 2023Yield to maturity4.674%Aug 29, 2023Yield to maturity4.538%Sep 7, 2023Yield to maturity4.633%Sep 15, 2023Yield to maturity4.721%Sep 25, 2023Yield to maturity4.829%Oct 3, 2023Yield to maturity4.949%Oct 12, 2023Yield to maturity4.849%Oct 20, 2023Yield to maturity4.930%Oct 30, 2023Yield to maturity4.873%Nov 7, 2023Yield to maturity4.670%Nov 15, 2023Yield to maturity4.684%Nov 24, 2023Yield to maturity4.671%Dec 4, 2023Yield to maturity4.415%Dec 12, 2023Yield to maturity4.452%Dec 20, 2023Yield to maturity4.094%Dec 29, 2023Yield to maturity4.054%Jan 9, 2024Yield to maturity4.164%Jan 18, 2024Yield to maturity4.178%Jan 26, 2024Yield to maturity4.196%Feb 5, 2024Yield to maturity4.310%Feb 13, 2024Yield to maturity4.505%Feb 22, 2024Yield to maturity4.549%Mar 1, 2024Yield to maturity4.385%Mar 11, 2024Yield to maturity4.372%Mar 19, 2024Yield to maturity4.561%Mar 27, 2024Yield to maturity4.454%Apr 4, 2024Yield to maturity4.537%Apr 12, 2024Yield to maturity4.797%Apr 22, 2024Yield to maturity4.885%Apr 30, 2024Yield to maturity4.961%May 8, 2024Yield to maturity4.751%May 16, 2024Yield to maturity4.682%May 24, 2024Yield to maturity4.842%Jun 4, 2024Yield to maturity4.670%Jun 12, 2024Yield to maturity4.658%Jun 21, 2024Yield to maturity4.598%Jul 1, 2024Yield to maturity4.721%Jul 10, 2024Yield to maturity4.546%Jul 18, 2024Yield to maturity4.395%Jul 26, 2024Yield to maturity4.342%Aug 5, 2024Yield to maturity3.850%Aug 13, 2024Yield to maturity3.892%Aug 21, 2024Yield to maturity3.873%Aug 29, 2024Yield to maturity3.885%Sep 9, 2024Yield to maturity3.653%Sep 17, 2024Yield to maturity3.583%Sep 25, 2024Yield to maturity3.560%Oct 3, 2024Yield to maturity3.716%Oct 11, 2024Yield to maturity3.953%Oct 22, 2024Yield to maturity4.034%Oct 30, 2024Yield to maturity4.168%Nov 7, 2024Yield to maturity4.219%Nov 18, 2024Yield to maturity4.302%Nov 26, 2024Yield to maturity4.303%Dec 5, 2024Yield to maturity4.182%Dec 13, 2024Yield to maturity4.264%Dec 23, 2024Yield to maturity4.375%Jan 2, 2025Yield to maturity4.255%Jan 10, 2025Yield to maturity4.398%Jan 21, 2025Yield to maturity4.290%Jan 29, 2025Yield to maturity4.253%Feb 6, 2025Yield to maturity4.234%Feb 14, 2025Yield to maturity4.289%Feb 25, 2025Yield to maturity4.129%Mar 5, 2025Yield to maturity4.047%Mar 13, 2025Yield to maturity4.004%Mar 21, 2025Yield to maturity3.991%Mar 31, 2025Yield to maturity3.967%Apr 8, 2025Yield to maturity3.793%Apr 16, 2025Yield to maturity3.853%Apr 24, 2025Yield to maturity3.893%May 2, 2025Yield to maturity3.944%May 12, 2025Yield to maturity4.077%May 20, 2025Yield to maturity4.075%May 29, 2025Yield to maturity4.078%Jun 6, 2025Yield to maturity4.160%Jun 16, 2025Yield to maturity4.110%Jun 25, 2025Yield to maturity3.942%Jul 3, 2025Yield to maturity4.056%Jul 14, 2025Yield to maturity4.054%Jul 22, 2025Yield to maturity4.026%Jul 30, 2025Yield to maturity4.129%Aug 7, 2025Yield to maturity3.912%Aug 15, 2025Yield to maturity3.920%Aug 25, 2025Yield to maturity3.888%Sep 3, 2025Yield to maturity3.832%Sep 11, 2025Yield to maturity3.710%Sep 19, 2025Yield to maturity3.714%Sep 29, 2025Yield to maturity3.766%Oct 7, 2025Yield to maturity3.697%Oct 16, 2025Yield to maturity3.600%Oct 24, 2025Yield to maturity3.634%Nov 3, 2025Yield to maturity3.756%Nov 12, 2025Yield to maturity3.722%Nov 20, 2025Yield to maturity3.713%Dec 1, 2025Yield to maturity3.692%Dec 9, 2025Yield to maturity3.682%Dec 17, 2025Yield to maturity3.597%Dec 26, 2025Yield to maturity3.609%Jan 6, 2026Yield to maturity3.605%Jan 14, 2026Yield to maturity3.633%Jan 23, 2026Yield to maturity3.648%Feb 2, 2026Yield to maturity3.636%Feb 10, 2026Yield to maturity3.623%Feb 19, 2026Yield to maturity3.666%Feb 27, 2026Yield to maturity3.675%Mar 9, 2026Yield to maturity3.713%Mar 17, 2026Yield to maturity3.701%Mar 25, 2026Yield to maturity3.851%Apr 2, 2026Yield to maturity3.788%Apr 10, 2026Yield to maturity3.805%Apr 20, 2026Yield to maturity3.795%Apr 28, 2026Yield to maturity3.785%May 6, 2026Yield to maturity3.770%May 14, 2026Yield to maturity3.824%May 22, 2026Yield to maturity3.860%Jun 2, 2026Yield to maturity3.846%Jun 10, 2026Yield to maturity3.832%Jun 18, 2026Yield to maturity3.878%Jun 29, 2026Yield to maturity3.960%Jul 8, 2026Yield to maturity3.873%Jul 16, 2026Yield to maturity3.858%Jul 24, 2026Yield to maturity4.019%Aug 3, 2026Yield to maturity3.883%Aug 11, 2026Yield to maturity3.867%Aug 19, 2026Yield to maturity3.848%Aug 27, 2026Yield to maturity3.824%Sep 4, 2026Yield to maturity3.946%Sep 9, 2026Yield to maturity4.056%

Price history

1,215 trading days to Sep 9, 2026

85.087.590.092.595.097.5100.0102.5Nov 1, 2021Sep 9, 2026Nov 1, 2021Close99.656Nov 9, 2021Close100.250Nov 18, 2021Close99.563Nov 29, 2021Close99.750Dec 7, 2021Close99.375Dec 15, 2021Close99.344Dec 23, 2021Close99.375Jan 3, 2022Close98.906Jan 11, 2022Close98.250Jan 20, 2022Close97.750Jan 28, 2022Close97.781Feb 7, 2022Close97.156Feb 15, 2022Close96.281Feb 24, 2022Close96.719Mar 4, 2022Close97.594Mar 14, 2022Close95.625Mar 22, 2022Close94.313Mar 30, 2022Close94.094Apr 7, 2022Close93.063Apr 18, 2022Close92.875Apr 26, 2022Close92.875May 4, 2022Close92.375May 12, 2022Close92.906May 20, 2022Close92.969May 31, 2022Close92.938Jun 8, 2022Close92.094Jun 16, 2022Close90.844Jun 27, 2022Close91.344Jul 6, 2022Close92.469Jul 14, 2022Close92.031Jul 22, 2022Close92.875Aug 1, 2022Close93.625Aug 9, 2022Close92.344Aug 17, 2022Close92.094Aug 25, 2022Close91.656Sep 2, 2022Close91.281Sep 13, 2022Close90.250Sep 21, 2022Close89.625Sep 29, 2022Close88.875Oct 7, 2022Close88.406Oct 18, 2022Close88.188Oct 26, 2022Close88.313Nov 3, 2022Close87.750Nov 14, 2022Close89.094Nov 22, 2022Close89.156Dec 1, 2022Close90.188Dec 9, 2022Close90.000Dec 19, 2022Close90.250Dec 28, 2022Close89.531Jan 6, 2023Close90.438Jan 17, 2023Close90.844Jan 25, 2023Close91.000Feb 2, 2023Close91.281Feb 10, 2023Close89.875Feb 21, 2023Close89.156Mar 1, 2023Close88.750Mar 9, 2023Close88.875Mar 17, 2023Close91.500Mar 27, 2023Close91.156Apr 4, 2023Close91.875Apr 12, 2023Close91.656Apr 20, 2023Close91.188Apr 28, 2023Close91.625May 8, 2023Close91.844May 16, 2023Close91.781May 24, 2023Close90.906Jun 2, 2023Close90.719Jun 12, 2023Close90.594Jun 21, 2023Close90.406Jun 29, 2023Close89.875Jul 10, 2023Close89.781Jul 18, 2023Close90.438Jul 26, 2023Close90.125Aug 3, 2023Close89.844Aug 11, 2023Close89.875Aug 21, 2023Close89.594Aug 29, 2023Close90.031Sep 7, 2023Close89.844Sep 15, 2023Close89.688Sep 25, 2023Close89.469Oct 3, 2023Close89.219Oct 12, 2023Close89.563Oct 20, 2023Close89.438Oct 30, 2023Close89.656Nov 7, 2023Close90.250Nov 15, 2023Close90.281Nov 24, 2023Close90.406Dec 4, 2023Close91.125Dec 12, 2023Close91.094Dec 20, 2023Close92.063Dec 29, 2023Close92.250Jan 9, 2024Close92.031Jan 18, 2024Close92.063Jan 26, 2024Close92.094Feb 5, 2024Close91.875Feb 13, 2024Close91.469Feb 22, 2024Close91.438Mar 1, 2024Close91.906Mar 11, 2024Close92.000Mar 19, 2024Close91.625Mar 27, 2024Close91.938Apr 4, 2024Close91.813Apr 12, 2024Close91.313Apr 22, 2024Close91.188Apr 30, 2024Close91.094May 8, 2024Close91.625May 16, 2024Close91.844May 24, 2024Close91.594Jun 4, 2024Close92.031Jun 12, 2024Close92.125Jun 21, 2024Close92.344Jul 1, 2024Close92.156Jul 10, 2024Close92.594Jul 18, 2024Close92.969Jul 26, 2024Close93.156Aug 5, 2024Close94.219Aug 13, 2024Close94.188Aug 21, 2024Close94.281Aug 29, 2024Close94.313Sep 9, 2024Close94.844Sep 17, 2024Close95.031Sep 25, 2024Close95.125Oct 3, 2024Close94.875Oct 11, 2024Close94.500Oct 22, 2024Close94.406Oct 30, 2024Close94.219Nov 7, 2024Close94.188Nov 18, 2024Close94.125Nov 26, 2024Close94.188Dec 5, 2024Close94.469Dec 13, 2024Close94.406Dec 23, 2024Close94.281Jan 2, 2025Close94.563Jan 10, 2025Close94.406Jan 21, 2025Close94.656Jan 29, 2025Close94.781Feb 6, 2025Close94.875Feb 14, 2025Close94.875Feb 25, 2025Close95.188Mar 5, 2025Close95.375Mar 13, 2025Close95.500Mar 21, 2025Close95.594Mar 31, 2025Close95.688Apr 8, 2025Close96.000Apr 16, 2025Close95.969Apr 24, 2025Close95.969May 2, 2025Close95.969May 12, 2025Close95.844May 20, 2025Close95.906May 29, 2025Close95.969Jun 6, 2025Close95.938Jun 16, 2025Close96.063Jun 25, 2025Close96.344Jul 3, 2025Close96.281Jul 14, 2025Close96.344Jul 22, 2025Close96.438Jul 30, 2025Close96.375Aug 7, 2025Close96.688Aug 15, 2025Close96.750Aug 25, 2025Close96.844Sep 3, 2025Close96.969Sep 11, 2025Close97.156Sep 19, 2025Close97.219Sep 29, 2025Close97.219Oct 7, 2025Close97.344Oct 16, 2025Close97.500Oct 24, 2025Close97.531Nov 3, 2025Close97.469Nov 12, 2025Close97.563Nov 20, 2025Close97.625Dec 1, 2025Close97.719Dec 9, 2025Close97.781Dec 17, 2025Close97.906Dec 26, 2025Close97.969Jan 6, 2026Close98.031Jan 14, 2026Close98.063Jan 23, 2026Close98.125Feb 2, 2026Close98.188Feb 10, 2026Close98.250Feb 19, 2026Close98.281Feb 27, 2026Close98.344Mar 9, 2026Close98.375Mar 17, 2026Close98.438Mar 25, 2026Close98.406Apr 2, 2026Close98.500Apr 10, 2026Close98.563Apr 20, 2026Close98.625Apr 28, 2026Close98.688May 6, 2026Close98.750May 14, 2026Close98.781May 22, 2026Close98.844Jun 2, 2026Close98.906Jun 10, 2026Close98.969Jun 18, 2026Close99.031Jun 29, 2026Close99.063Jul 8, 2026Close99.156Jul 16, 2026Close99.219Jul 24, 2026Close99.250Aug 3, 2026Close99.344Aug 11, 2026Close99.406Aug 19, 2026Close99.469Aug 27, 2026Close99.531Sep 4, 2026Close99.594Sep 9, 2026Close99.594
The most recent 20 trading days of prices for 91282CDG3.
DateBidOfferClose
Sep 9, 2026–99.59499.594
Sep 8, 2026–99.59499.594
Sep 4, 2026–99.59499.594
Sep 3, 2026–99.56399.563
Sep 2, 2026–99.56399.563
Sep 1, 2026–99.56399.531
Aug 31, 2026–99.53199.531
Aug 28, 2026–99.53199.531
Aug 27, 2026–99.53199.531
Aug 26, 2026–99.53199.500
Aug 25, 2026–99.50099.500
Aug 24, 2026–99.50099.500
Aug 21, 2026–99.50099.500
Aug 20, 2026–99.46999.469
Aug 19, 2026–99.46999.469
Aug 18, 2026–99.46999.469
Aug 17, 2026–99.46999.438
Aug 14, 2026–99.43899.438
Aug 13, 2026–99.40699.406
Aug 12, 2026–99.40699.406

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 91282CDG3.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Oct 27, 2021Nov 1, 2021New issue$61.0bn$67.2bn2.55x1.157%

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.