Treasury note

91282CDP3 · 1.375% due December 31, 2028

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

Statement of August 31, 2026

Amount outstanding
$63.61bn
Held stripped
$0.0m
Share stripped
0.00%

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
4.475%
Modified duration
2.219 yr
DV01
0.0208
Convexity
6.060
Dirty price
93.550

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 2.271 years against a modified duration of 2.219.

Against the fitted curve

Priced 1.0 bp rich to the curve on that day, 2.07 cents per 100 of face.

That is -0.14 standard deviations from its own typical residual.

Yield to maturity, 1,174 observations

1%2%3%4%5%6%Dec 31, 2021Sep 9, 2026Dec 31, 2021Yield to maturity1.436%Jan 7, 2022Yield to maturity1.695%Jan 14, 2022Yield to maturity1.725%Jan 24, 2022Yield to maturity1.692%Jan 31, 2022Yield to maturity1.751%Feb 7, 2022Yield to maturity1.885%Feb 14, 2022Yield to maturity1.991%Feb 22, 2022Yield to maturity1.933%Mar 1, 2022Yield to maturity1.671%Mar 8, 2022Yield to maturity1.851%Mar 15, 2022Yield to maturity2.165%Mar 22, 2022Yield to maturity2.432%Mar 29, 2022Yield to maturity2.497%Apr 5, 2022Yield to maturity2.665%Apr 12, 2022Yield to maturity2.744%Apr 20, 2022Yield to maturity2.895%Apr 27, 2022Yield to maturity2.850%May 4, 2022Yield to maturity2.980%May 11, 2022Yield to maturity2.946%May 18, 2022Yield to maturity2.923%May 25, 2022Yield to maturity2.762%Jun 2, 2022Yield to maturity2.954%Jun 9, 2022Yield to maturity3.082%Jun 16, 2022Yield to maturity3.360%Jun 24, 2022Yield to maturity3.190%Jul 1, 2022Yield to maturity2.919%Jul 11, 2022Yield to maturity3.059%Jul 18, 2022Yield to maturity3.052%Jul 25, 2022Yield to maturity2.887%Aug 1, 2022Yield to maturity2.644%Aug 8, 2022Yield to maturity2.861%Aug 15, 2022Yield to maturity2.888%Aug 22, 2022Yield to maturity3.151%Aug 29, 2022Yield to maturity3.261%Sep 6, 2022Yield to maturity3.451%Sep 13, 2022Yield to maturity3.571%Sep 20, 2022Yield to maturity3.723%Sep 27, 2022Yield to maturity4.176%Oct 4, 2022Yield to maturity3.798%Oct 12, 2022Yield to maturity4.093%Oct 19, 2022Yield to maturity4.316%Oct 26, 2022Yield to maturity4.178%Nov 2, 2022Yield to maturity4.270%Nov 9, 2022Yield to maturity4.253%Nov 17, 2022Yield to maturity3.900%Nov 25, 2022Yield to maturity3.816%Dec 2, 2022Yield to maturity3.642%Dec 9, 2022Yield to maturity3.724%Dec 16, 2022Yield to maturity3.594%Dec 23, 2022Yield to maturity3.847%Jan 3, 2023Yield to maturity3.907%Jan 10, 2023Yield to maturity3.692%Jan 18, 2023Yield to maturity3.423%Jan 25, 2023Yield to maturity3.543%Feb 1, 2023Yield to maturity3.461%Feb 8, 2023Yield to maturity3.786%Feb 15, 2023Yield to maturity3.989%Feb 23, 2023Yield to maturity4.078%Mar 2, 2023Yield to maturity4.286%Mar 9, 2023Yield to maturity4.161%Mar 16, 2023Yield to maturity3.715%Mar 23, 2023Yield to maturity3.438%Mar 30, 2023Yield to maturity3.672%Apr 6, 2023Yield to maturity3.381%Apr 13, 2023Yield to maturity3.517%Apr 20, 2023Yield to maturity3.629%Apr 27, 2023Yield to maturity3.616%May 4, 2023Yield to maturity3.336%May 11, 2023Yield to maturity3.395%May 18, 2023Yield to maturity3.725%May 25, 2023Yield to maturity3.949%Jun 2, 2023Yield to maturity3.859%Jun 9, 2023Yield to maturity3.936%Jun 16, 2023Yield to maturity3.994%Jun 26, 2023Yield to maturity3.961%Jul 3, 2023Yield to maturity4.166%Jul 11, 2023Yield to maturity4.224%Jul 18, 2023Yield to maturity3.996%Jul 25, 2023Yield to maturity4.152%Aug 1, 2023Yield to maturity4.232%Aug 8, 2023Yield to maturity4.107%Aug 15, 2023Yield to maturity4.366%Aug 22, 2023Yield to maturity4.485%Aug 29, 2023Yield to maturity4.278%Sep 6, 2023Yield to maturity4.457%Sep 13, 2023Yield to maturity4.409%Sep 20, 2023Yield to maturity4.537%Sep 27, 2023Yield to maturity4.719%Oct 4, 2023Yield to maturity4.761%Oct 12, 2023Yield to maturity4.737%Oct 19, 2023Yield to maturity5.007%Oct 26, 2023Yield to maturity4.875%Nov 2, 2023Yield to maturity4.697%Nov 9, 2023Yield to maturity4.707%Nov 16, 2023Yield to maturity4.479%Nov 24, 2023Yield to maturity4.541%Dec 1, 2023Yield to maturity4.206%Dec 8, 2023Yield to maturity4.299%Dec 15, 2023Yield to maturity3.965%Dec 22, 2023Yield to maturity3.924%Jan 2, 2024Yield to maturity3.965%Jan 9, 2024Yield to maturity4.004%Jan 17, 2024Yield to maturity4.038%Jan 24, 2024Yield to maturity4.109%Jan 31, 2024Yield to maturity3.922%Feb 7, 2024Yield to maturity4.076%Feb 14, 2024Yield to maturity4.272%Feb 22, 2024Yield to maturity4.354%Feb 29, 2024Yield to maturity4.288%Mar 7, 2024Yield to maturity4.112%Mar 14, 2024Yield to maturity4.326%Mar 21, 2024Yield to maturity4.290%Mar 28, 2024Yield to maturity4.247%Apr 4, 2024Yield to maturity4.329%Apr 11, 2024Yield to maturity4.647%Apr 18, 2024Yield to maturity4.717%Apr 25, 2024Yield to maturity4.755%May 2, 2024Yield to maturity4.613%May 9, 2024Yield to maturity4.503%May 16, 2024Yield to maturity4.434%May 23, 2024Yield to maturity4.561%May 31, 2024Yield to maturity4.555%Jun 7, 2024Yield to maturity4.494%Jun 14, 2024Yield to maturity4.275%Jun 24, 2024Yield to maturity4.314%Jul 1, 2024Yield to maturity4.485%Jul 9, 2024Yield to maturity4.282%Jul 16, 2024Yield to maturity4.119%Jul 23, 2024Yield to maturity4.180%Jul 30, 2024Yield to maturity4.075%Aug 6, 2024Yield to maturity3.763%Aug 13, 2024Yield to maturity3.707%Aug 20, 2024Yield to maturity3.741%Aug 27, 2024Yield to maturity3.702%Sep 4, 2024Yield to maturity3.596%Sep 11, 2024Yield to maturity3.465%Sep 18, 2024Yield to maturity3.490%Sep 25, 2024Yield to maturity3.533%Oct 2, 2024Yield to maturity3.568%Oct 9, 2024Yield to maturity3.927%Oct 17, 2024Yield to maturity3.914%Oct 24, 2024Yield to maturity4.047%Oct 31, 2024Yield to maturity4.164%Nov 7, 2024Yield to maturity4.195%Nov 15, 2024Yield to maturity4.320%Nov 22, 2024Yield to maturity4.324%Dec 2, 2024Yield to maturity4.124%Dec 9, 2024Yield to maturity4.092%Dec 16, 2024Yield to maturity4.267%Dec 23, 2024Yield to maturity4.427%Dec 31, 2024Yield to maturity4.372%Jan 8, 2025Yield to maturity4.414%Jan 15, 2025Yield to maturity4.428%Jan 23, 2025Yield to maturity4.426%Jan 30, 2025Yield to maturity4.300%Feb 6, 2025Yield to maturity4.277%Feb 13, 2025Yield to maturity4.376%Feb 21, 2025Yield to maturity4.236%Feb 28, 2025Yield to maturity4.033%Mar 7, 2025Yield to maturity4.074%Mar 14, 2025Yield to maturity4.069%Mar 21, 2025Yield to maturity3.977%Mar 28, 2025Yield to maturity3.943%Apr 4, 2025Yield to maturity3.689%Apr 11, 2025Yield to maturity4.085%Apr 18, 2025Yield to maturity3.876%Apr 25, 2025Yield to maturity3.811%May 2, 2025Yield to maturity3.853%May 9, 2025Yield to maturity3.925%May 16, 2025Yield to maturity4.007%May 23, 2025Yield to maturity4.023%Jun 2, 2025Yield to maturity3.948%Jun 9, 2025Yield to maturity4.022%Jun 16, 2025Yield to maturity3.975%Jun 24, 2025Yield to maturity3.790%Jul 1, 2025Yield to maturity3.783%Jul 9, 2025Yield to maturity3.848%Jul 16, 2025Yield to maturity3.892%Jul 23, 2025Yield to maturity3.865%Jul 30, 2025Yield to maturity3.909%Aug 6, 2025Yield to maturity3.674%Aug 13, 2025Yield to maturity3.677%Aug 20, 2025Yield to maturity3.721%Aug 27, 2025Yield to maturity3.619%Sep 4, 2025Yield to maturity3.560%Sep 11, 2025Yield to maturity3.519%Sep 18, 2025Yield to maturity3.574%Sep 25, 2025Yield to maturity3.683%Oct 2, 2025Yield to maturity3.578%Oct 9, 2025Yield to maturity3.623%Oct 17, 2025Yield to maturity3.479%Oct 24, 2025Yield to maturity3.502%Oct 31, 2025Yield to maturity3.614%Nov 7, 2025Yield to maturity3.572%Nov 17, 2025Yield to maturity3.620%Nov 24, 2025Yield to maturity3.500%Dec 2, 2025Yield to maturity3.526%Dec 9, 2025Yield to maturity3.641%Dec 16, 2025Yield to maturity3.530%Dec 23, 2025Yield to maturity3.589%Dec 31, 2025Yield to maturity3.549%Jan 8, 2026Yield to maturity3.563%Jan 15, 2026Yield to maturity3.612%Jan 23, 2026Yield to maturity3.668%Jan 30, 2026Yield to maturity3.600%Feb 6, 2026Yield to maturity3.567%Feb 13, 2026Yield to maturity3.440%Feb 23, 2026Yield to maturity3.442%Mar 2, 2026Yield to maturity3.480%Mar 9, 2026Yield to maturity3.579%Mar 16, 2026Yield to maturity3.693%Mar 23, 2026Yield to maturity3.859%Mar 30, 2026Yield to maturity3.851%Apr 6, 2026Yield to maturity3.881%Apr 13, 2026Yield to maturity3.796%Apr 20, 2026Yield to maturity3.724%Apr 27, 2026Yield to maturity3.818%May 4, 2026Yield to maturity3.966%May 11, 2026Yield to maturity3.971%May 18, 2026Yield to maturity4.136%May 26, 2026Yield to maturity4.093%Jun 2, 2026Yield to maturity4.086%Jun 9, 2026Yield to maturity4.174%Jun 16, 2026Yield to maturity4.086%Jun 24, 2026Yield to maturity4.165%Jul 1, 2026Yield to maturity4.200%Jul 9, 2026Yield to maturity4.196%Jul 16, 2026Yield to maturity4.190%Jul 23, 2026Yield to maturity4.382%Jul 30, 2026Yield to maturity4.276%Aug 6, 2026Yield to maturity4.299%Aug 13, 2026Yield to maturity4.191%Aug 20, 2026Yield to maturity4.229%Aug 27, 2026Yield to maturity4.266%Sep 3, 2026Yield to maturity4.379%Sep 9, 2026Yield to maturity4.475%

Price history

1,174 trading days to Sep 9, 2026

82.585.087.590.092.595.097.5100.0Dec 31, 2021Sep 9, 2026Dec 31, 2021Close99.594Jan 7, 2022Close97.906Jan 14, 2022Close97.719Jan 24, 2022Close97.938Jan 31, 2022Close97.563Feb 7, 2022Close96.719Feb 14, 2022Close96.063Feb 22, 2022Close96.438Mar 1, 2022Close98.094Mar 8, 2022Close96.969Mar 15, 2022Close95.031Mar 22, 2022Close93.438Mar 29, 2022Close93.063Apr 5, 2022Close92.094Apr 12, 2022Close91.656Apr 20, 2022Close90.813Apr 27, 2022Close91.094May 4, 2022Close90.375May 11, 2022Close90.594May 18, 2022Close90.750May 25, 2022Close91.688Jun 2, 2022Close90.625Jun 9, 2022Close89.938Jun 16, 2022Close88.438Jun 24, 2022Close89.406Jul 1, 2022Close90.938Jul 11, 2022Close90.188Jul 18, 2022Close90.250Jul 25, 2022Close91.188Aug 1, 2022Close92.563Aug 8, 2022Close91.375Aug 15, 2022Close91.250Aug 22, 2022Close89.844Aug 29, 2022Close89.281Sep 6, 2022Close88.313Sep 13, 2022Close87.719Sep 20, 2022Close86.969Sep 27, 2022Close84.719Oct 4, 2022Close86.656Oct 12, 2022Close85.219Oct 19, 2022Close84.156Oct 26, 2022Close84.875Nov 2, 2022Close84.469Nov 9, 2022Close84.594Nov 17, 2022Close86.375Nov 25, 2022Close86.844Dec 2, 2022Close87.750Dec 9, 2022Close87.375Dec 16, 2022Close88.063Dec 23, 2022Close86.844Jan 3, 2023Close86.594Jan 10, 2023Close87.688Jan 18, 2023Close89.063Jan 25, 2023Close88.500Feb 1, 2023Close88.938Feb 8, 2023Close87.375Feb 15, 2023Close86.438Feb 23, 2023Close86.063Mar 2, 2023Close85.125Mar 9, 2023Close85.750Mar 16, 2023Close87.906Mar 23, 2023Close89.281Mar 30, 2023Close88.188Apr 6, 2023Close89.625Apr 13, 2023Close89.000Apr 20, 2023Close88.500Apr 27, 2023Close88.594May 4, 2023Close89.969May 11, 2023Close89.719May 18, 2023Close88.188May 25, 2023Close87.188Jun 2, 2023Close87.656Jun 9, 2023Close87.344Jun 16, 2023Close87.125Jun 26, 2023Close87.313Jul 3, 2023Close86.438Jul 11, 2023Close86.219Jul 18, 2023Close87.281Jul 25, 2023Close86.625Aug 1, 2023Close86.313Aug 8, 2023Close86.906Aug 15, 2023Close85.813Aug 22, 2023Close85.344Aug 29, 2023Close86.281Sep 6, 2023Close85.563Sep 13, 2023Close85.813Sep 20, 2023Close85.313Sep 27, 2023Close84.594Oct 4, 2023Close84.469Oct 12, 2023Close84.625Oct 19, 2023Close83.563Oct 26, 2023Close84.156Nov 2, 2023Close84.938Nov 9, 2023Close84.969Nov 16, 2023Close85.938Nov 24, 2023Close85.750Dec 1, 2023Close87.188Dec 8, 2023Close86.844Dec 15, 2023Close88.281Dec 22, 2023Close88.500Jan 2, 2024Close88.375Jan 9, 2024Close88.250Jan 17, 2024Close88.156Jan 24, 2024Close87.906Jan 31, 2024Close88.719Feb 7, 2024Close88.125Feb 14, 2024Close87.375Feb 22, 2024Close87.094Feb 29, 2024Close87.406Mar 7, 2024Close88.156Mar 14, 2024Close87.344Mar 21, 2024Close87.531Mar 28, 2024Close87.750Apr 4, 2024Close87.469Apr 11, 2024Close86.281Apr 18, 2024Close86.063Apr 25, 2024Close85.969May 2, 2024Close86.563May 9, 2024Close87.031May 16, 2024Close87.344May 23, 2024Close86.906May 31, 2024Close87.000Jun 7, 2024Close87.281Jun 14, 2024Close88.156Jun 24, 2024Close88.063Jul 1, 2024Close87.469Jul 9, 2024Close88.281Jul 16, 2024Close88.938Jul 23, 2024Close88.750Jul 30, 2024Close89.188Aug 6, 2024Close90.406Aug 13, 2024Close90.656Aug 20, 2024Close90.563Aug 27, 2024Close90.750Sep 4, 2024Close91.188Sep 11, 2024Close91.719Sep 18, 2024Close91.656Sep 25, 2024Close91.531Oct 2, 2024Close91.438Oct 9, 2024Close90.156Oct 17, 2024Close90.250Oct 24, 2024Close89.813Oct 31, 2024Close89.438Nov 7, 2024Close89.375Nov 15, 2024Close89.000Nov 22, 2024Close89.031Dec 2, 2024Close89.781Dec 9, 2024Close89.938Dec 16, 2024Close89.375Dec 23, 2024Close88.875Dec 31, 2024Close89.125Jan 8, 2025Close89.031Jan 15, 2025Close89.031Jan 23, 2025Close89.094Jan 30, 2025Close89.563Feb 6, 2025Close89.688Feb 13, 2025Close89.406Feb 21, 2025Close89.938Feb 28, 2025Close90.656Mar 7, 2025Close90.563Mar 14, 2025Close90.625Mar 21, 2025Close90.969Mar 28, 2025Close91.125Apr 4, 2025Close92.000Apr 11, 2025Close90.750Apr 18, 2025Close91.469Apr 25, 2025Close91.719May 2, 2025Close91.625May 9, 2025Close91.438May 16, 2025Close91.219May 23, 2025Close91.219Jun 2, 2025Close91.500Jun 9, 2025Close91.313Jun 16, 2025Close91.500Jun 24, 2025Close92.125Jul 1, 2025Close92.188Jul 9, 2025Close92.031Jul 16, 2025Close91.938Jul 23, 2025Close92.063Jul 30, 2025Close91.969Aug 6, 2025Close92.719Aug 13, 2025Close92.750Aug 20, 2025Close92.656Aug 27, 2025Close93.000Sep 4, 2025Close93.219Sep 11, 2025Close93.375Sep 18, 2025Close93.250Sep 25, 2025Close92.969Oct 2, 2025Close93.313Oct 9, 2025Close93.219Oct 17, 2025Close93.688Oct 24, 2025Close93.656Oct 31, 2025Close93.375Nov 7, 2025Close93.531Nov 17, 2025Close93.438Nov 24, 2025Close93.813Dec 2, 2025Close93.781Dec 9, 2025Close93.500Dec 16, 2025Close93.844Dec 23, 2025Close93.719Dec 31, 2025Close93.875Jan 8, 2026Close93.875Jan 15, 2026Close93.781Jan 23, 2026Close93.688Jan 30, 2026Close93.906Feb 6, 2026Close94.031Feb 13, 2026Close94.406Feb 23, 2026Close94.438Mar 2, 2026Close94.375Mar 9, 2026Close94.156Mar 16, 2026Close93.906Mar 23, 2026Close93.531Mar 30, 2026Close93.594Apr 6, 2026Close93.563Apr 13, 2026Close93.813Apr 20, 2026Close94.031Apr 27, 2026Close93.844May 4, 2026Close93.531May 11, 2026Close93.563May 18, 2026Close93.219May 26, 2026Close93.375Jun 2, 2026Close93.438Jun 9, 2026Close93.281Jun 16, 2026Close93.531Jun 24, 2026Close93.406Jul 1, 2026Close93.375Jul 9, 2026Close93.438Jul 16, 2026Close93.500Jul 23, 2026Close93.125Jul 30, 2026Close93.406Aug 6, 2026Close93.406Aug 13, 2026Close93.688Aug 20, 2026Close93.656Aug 27, 2026Close93.625Sep 3, 2026Close93.438Sep 9, 2026Close93.281
The most recent 20 trading days of prices for 91282CDP3.
DateBidOfferClose
Sep 9, 202693.31393.28193.281
Sep 8, 202693.39193.37593.344
Sep 4, 202693.42293.40693.375
Sep 3, 202693.48493.46993.438
Sep 2, 202693.35993.34493.344
Sep 1, 202693.39193.37593.313
Aug 31, 202693.43893.40693.406
Aug 28, 202693.46993.43893.406
Aug 27, 202693.67293.65693.625
Aug 26, 202693.67293.65693.625
Aug 25, 202693.70393.68893.688
Aug 24, 202693.60993.59493.563
Aug 21, 202693.57893.56393.563
Aug 20, 202693.64193.62593.656
Aug 19, 202693.64193.62593.656
Aug 18, 202693.67293.65693.625
Aug 17, 202693.67293.65693.625
Aug 14, 202693.70393.68893.656
Aug 13, 202693.70393.68893.688
Aug 12, 202693.60993.59493.563

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 91282CDP3.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Dec 29, 2021Dec 31, 2021New issue$56.0bn$63.6bn2.21x1.480%

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.