Treasury note

91282CDW8 · 1.75% due January 31, 2029

Original term
7-Year
Maturity
Jan 31, 2029
Coupon
1.750%
Pays
Semi-Annual
Dated
Jan 31, 2022
First coupon
Jul 31, 2022
Priced through
Sep 9, 2026
Analyzed through
Sep 9, 2026

Statement of August 31, 2026

Amount outstanding
$60.41bn
Held stripped
$348.8m
Share stripped
0.58%

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
4.482%
Modified duration
2.292 yr
DV01
0.0216
Convexity
6.439
Dirty price
94.070

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 2.347 years against a modified duration of 2.292.

Against the fitted curve

Priced 1.3 bp rich to the curve on that day, 2.79 cents per 100 of face.

That is -0.90 standard deviations from its own typical residual.

Yield to maturity, 1,154 observations

1%2%3%4%5%6%Jan 31, 2022Sep 9, 2026Jan 31, 2022Yield to maturity1.755%Feb 7, 2022Yield to maturity1.884%Feb 14, 2022Yield to maturity1.982%Feb 22, 2022Yield to maturity1.929%Mar 1, 2022Yield to maturity1.673%Mar 8, 2022Yield to maturity1.857%Mar 15, 2022Yield to maturity2.163%Mar 22, 2022Yield to maturity2.431%Mar 29, 2022Yield to maturity2.495%Apr 5, 2022Yield to maturity2.657%Apr 12, 2022Yield to maturity2.738%Apr 20, 2022Yield to maturity2.894%Apr 27, 2022Yield to maturity2.850%May 4, 2022Yield to maturity2.981%May 11, 2022Yield to maturity2.952%May 18, 2022Yield to maturity2.928%May 25, 2022Yield to maturity2.770%Jun 2, 2022Yield to maturity2.962%Jun 9, 2022Yield to maturity3.086%Jun 16, 2022Yield to maturity3.368%Jun 24, 2022Yield to maturity3.195%Jul 1, 2022Yield to maturity2.918%Jul 11, 2022Yield to maturity3.070%Jul 18, 2022Yield to maturity3.057%Jul 25, 2022Yield to maturity2.894%Aug 1, 2022Yield to maturity2.657%Aug 8, 2022Yield to maturity2.873%Aug 15, 2022Yield to maturity2.893%Aug 22, 2022Yield to maturity3.160%Aug 29, 2022Yield to maturity3.267%Sep 6, 2022Yield to maturity3.462%Sep 13, 2022Yield to maturity3.584%Sep 20, 2022Yield to maturity3.749%Sep 27, 2022Yield to maturity4.203%Oct 4, 2022Yield to maturity3.820%Oct 12, 2022Yield to maturity4.126%Oct 19, 2022Yield to maturity4.350%Oct 26, 2022Yield to maturity4.208%Nov 2, 2022Yield to maturity4.302%Nov 9, 2022Yield to maturity4.291%Nov 17, 2022Yield to maturity3.926%Nov 25, 2022Yield to maturity3.855%Dec 2, 2022Yield to maturity3.677%Dec 9, 2022Yield to maturity3.750%Dec 16, 2022Yield to maturity3.628%Dec 23, 2022Yield to maturity3.875%Jan 3, 2023Yield to maturity3.938%Jan 10, 2023Yield to maturity3.726%Jan 18, 2023Yield to maturity3.444%Jan 25, 2023Yield to maturity3.553%Feb 1, 2023Yield to maturity3.473%Feb 8, 2023Yield to maturity3.795%Feb 15, 2023Yield to maturity4.005%Feb 23, 2023Yield to maturity4.096%Mar 2, 2023Yield to maturity4.305%Mar 9, 2023Yield to maturity4.189%Mar 16, 2023Yield to maturity3.739%Mar 23, 2023Yield to maturity3.461%Mar 30, 2023Yield to maturity3.694%Apr 6, 2023Yield to maturity3.396%Apr 13, 2023Yield to maturity3.540%Apr 20, 2023Yield to maturity3.655%Apr 27, 2023Yield to maturity3.635%May 4, 2023Yield to maturity3.354%May 11, 2023Yield to maturity3.410%May 18, 2023Yield to maturity3.731%May 25, 2023Yield to maturity3.948%Jun 2, 2023Yield to maturity3.866%Jun 9, 2023Yield to maturity3.932%Jun 16, 2023Yield to maturity3.988%Jun 26, 2023Yield to maturity3.961%Jul 3, 2023Yield to maturity4.166%Jul 11, 2023Yield to maturity4.229%Jul 18, 2023Yield to maturity3.998%Jul 25, 2023Yield to maturity4.156%Aug 1, 2023Yield to maturity4.241%Aug 8, 2023Yield to maturity4.124%Aug 15, 2023Yield to maturity4.376%Aug 22, 2023Yield to maturity4.505%Aug 29, 2023Yield to maturity4.295%Sep 6, 2023Yield to maturity4.468%Sep 13, 2023Yield to maturity4.420%Sep 20, 2023Yield to maturity4.543%Sep 27, 2023Yield to maturity4.727%Oct 4, 2023Yield to maturity4.766%Oct 12, 2023Yield to maturity4.741%Oct 19, 2023Yield to maturity5.004%Oct 26, 2023Yield to maturity4.873%Nov 2, 2023Yield to maturity4.706%Nov 9, 2023Yield to maturity4.706%Nov 16, 2023Yield to maturity4.483%Nov 24, 2023Yield to maturity4.541%Dec 1, 2023Yield to maturity4.198%Dec 8, 2023Yield to maturity4.287%Dec 15, 2023Yield to maturity3.954%Dec 22, 2023Yield to maturity3.919%Jan 2, 2024Yield to maturity3.965%Jan 9, 2024Yield to maturity4.009%Jan 17, 2024Yield to maturity4.041%Jan 24, 2024Yield to maturity4.108%Jan 31, 2024Yield to maturity3.932%Feb 7, 2024Yield to maturity4.081%Feb 14, 2024Yield to maturity4.270%Feb 22, 2024Yield to maturity4.357%Feb 29, 2024Yield to maturity4.290%Mar 7, 2024Yield to maturity4.110%Mar 14, 2024Yield to maturity4.325%Mar 21, 2024Yield to maturity4.288%Mar 28, 2024Yield to maturity4.244%Apr 4, 2024Yield to maturity4.323%Apr 11, 2024Yield to maturity4.639%Apr 18, 2024Yield to maturity4.714%Apr 25, 2024Yield to maturity4.749%May 2, 2024Yield to maturity4.609%May 9, 2024Yield to maturity4.501%May 16, 2024Yield to maturity4.432%May 23, 2024Yield to maturity4.554%May 31, 2024Yield to maturity4.554%Jun 7, 2024Yield to maturity4.493%Jun 14, 2024Yield to maturity4.270%Jun 24, 2024Yield to maturity4.314%Jul 1, 2024Yield to maturity4.479%Jul 9, 2024Yield to maturity4.280%Jul 16, 2024Yield to maturity4.120%Jul 23, 2024Yield to maturity4.178%Jul 30, 2024Yield to maturity4.066%Aug 6, 2024Yield to maturity3.768%Aug 13, 2024Yield to maturity3.712%Aug 20, 2024Yield to maturity3.744%Aug 27, 2024Yield to maturity3.696%Sep 4, 2024Yield to maturity3.608%Sep 11, 2024Yield to maturity3.478%Sep 18, 2024Yield to maturity3.501%Sep 25, 2024Yield to maturity3.533%Oct 2, 2024Yield to maturity3.573%Oct 9, 2024Yield to maturity3.930%Oct 17, 2024Yield to maturity3.924%Oct 24, 2024Yield to maturity4.060%Oct 31, 2024Yield to maturity4.173%Nov 7, 2024Yield to maturity4.201%Nov 15, 2024Yield to maturity4.320%Nov 22, 2024Yield to maturity4.332%Dec 2, 2024Yield to maturity4.126%Dec 9, 2024Yield to maturity4.102%Dec 16, 2024Yield to maturity4.271%Dec 23, 2024Yield to maturity4.442%Dec 31, 2024Yield to maturity4.386%Jan 8, 2025Yield to maturity4.425%Jan 15, 2025Yield to maturity4.438%Jan 23, 2025Yield to maturity4.434%Jan 30, 2025Yield to maturity4.300%Feb 6, 2025Yield to maturity4.276%Feb 13, 2025Yield to maturity4.379%Feb 21, 2025Yield to maturity4.240%Feb 28, 2025Yield to maturity4.032%Mar 7, 2025Yield to maturity4.070%Mar 14, 2025Yield to maturity4.072%Mar 21, 2025Yield to maturity3.981%Mar 28, 2025Yield to maturity3.946%Apr 4, 2025Yield to maturity3.697%Apr 11, 2025Yield to maturity4.090%Apr 18, 2025Yield to maturity3.885%Apr 25, 2025Yield to maturity3.820%May 2, 2025Yield to maturity3.868%May 9, 2025Yield to maturity3.936%May 16, 2025Yield to maturity4.014%May 23, 2025Yield to maturity4.027%Jun 2, 2025Yield to maturity3.962%Jun 9, 2025Yield to maturity4.041%Jun 16, 2025Yield to maturity3.985%Jun 24, 2025Yield to maturity3.792%Jul 1, 2025Yield to maturity3.793%Jul 9, 2025Yield to maturity3.855%Jul 16, 2025Yield to maturity3.906%Jul 23, 2025Yield to maturity3.858%Jul 30, 2025Yield to maturity3.909%Aug 6, 2025Yield to maturity3.689%Aug 13, 2025Yield to maturity3.689%Aug 20, 2025Yield to maturity3.730%Aug 27, 2025Yield to maturity3.629%Sep 4, 2025Yield to maturity3.579%Sep 11, 2025Yield to maturity3.518%Sep 18, 2025Yield to maturity3.589%Sep 25, 2025Yield to maturity3.693%Oct 2, 2025Yield to maturity3.589%Oct 9, 2025Yield to maturity3.641%Oct 17, 2025Yield to maturity3.498%Oct 24, 2025Yield to maturity3.519%Oct 31, 2025Yield to maturity3.625%Nov 7, 2025Yield to maturity3.593%Nov 17, 2025Yield to maturity3.637%Nov 24, 2025Yield to maturity3.518%Dec 2, 2025Yield to maturity3.552%Dec 9, 2025Yield to maturity3.661%Dec 16, 2025Yield to maturity3.540%Dec 23, 2025Yield to maturity3.607%Dec 31, 2025Yield to maturity3.565%Jan 8, 2026Yield to maturity3.576%Jan 15, 2026Yield to maturity3.633%Jan 23, 2026Yield to maturity3.684%Jan 30, 2026Yield to maturity3.616%Feb 6, 2026Yield to maturity3.581%Feb 13, 2026Yield to maturity3.456%Feb 23, 2026Yield to maturity3.455%Mar 2, 2026Yield to maturity3.501%Mar 9, 2026Yield to maturity3.595%Mar 16, 2026Yield to maturity3.702%Mar 23, 2026Yield to maturity3.860%Mar 30, 2026Yield to maturity3.862%Apr 6, 2026Yield to maturity3.888%Apr 13, 2026Yield to maturity3.804%Apr 20, 2026Yield to maturity3.744%Apr 27, 2026Yield to maturity3.832%May 4, 2026Yield to maturity3.985%May 11, 2026Yield to maturity3.975%May 18, 2026Yield to maturity4.144%May 26, 2026Yield to maturity4.112%Jun 2, 2026Yield to maturity4.103%Jun 9, 2026Yield to maturity4.185%Jun 16, 2026Yield to maturity4.098%Jun 24, 2026Yield to maturity4.170%Jul 1, 2026Yield to maturity4.202%Jul 9, 2026Yield to maturity4.209%Jul 16, 2026Yield to maturity4.201%Jul 23, 2026Yield to maturity4.398%Jul 30, 2026Yield to maturity4.293%Aug 6, 2026Yield to maturity4.299%Aug 13, 2026Yield to maturity4.206%Aug 20, 2026Yield to maturity4.239%Aug 27, 2026Yield to maturity4.272%Sep 3, 2026Yield to maturity4.392%Sep 9, 2026Yield to maturity4.482%

Price history

1,154 trading days to Sep 9, 2026

85.087.590.092.595.097.5100.0102.5Jan 31, 2022Sep 9, 2026Jan 31, 2022Close99.969Feb 7, 2022Close99.125Feb 14, 2022Close98.500Feb 22, 2022Close98.844Mar 1, 2022Close100.500Mar 8, 2022Close99.313Mar 15, 2022Close97.375Mar 22, 2022Close95.719Mar 29, 2022Close95.344Apr 5, 2022Close94.375Apr 12, 2022Close93.906Apr 20, 2022Close93.000Apr 27, 2022Close93.281May 4, 2022Close92.531May 11, 2022Close92.719May 18, 2022Close92.875May 25, 2022Close93.813Jun 2, 2022Close92.719Jun 9, 2022Close92.031Jun 16, 2022Close90.469Jun 24, 2022Close91.469Jul 1, 2022Close93.063Jul 11, 2022Close92.219Jul 18, 2022Close92.313Jul 25, 2022Close93.250Aug 1, 2022Close94.625Aug 8, 2022Close93.406Aug 15, 2022Close93.313Aug 22, 2022Close91.844Aug 29, 2022Close91.281Sep 6, 2022Close90.250Sep 13, 2022Close89.625Sep 20, 2022Close88.781Sep 27, 2022Close86.469Oct 4, 2022Close88.469Oct 12, 2022Close86.938Oct 19, 2022Close85.844Oct 26, 2022Close86.594Nov 2, 2022Close86.156Nov 9, 2022Close86.250Nov 17, 2022Close88.125Nov 25, 2022Close88.531Dec 2, 2022Close89.469Dec 9, 2022Close89.125Dec 16, 2022Close89.781Dec 23, 2022Close88.563Jan 3, 2023Close88.281Jan 10, 2023Close89.375Jan 18, 2023Close90.844Jan 25, 2023Close90.313Feb 1, 2023Close90.750Feb 8, 2023Close89.156Feb 15, 2023Close88.156Feb 23, 2023Close87.750Mar 2, 2023Close86.781Mar 9, 2023Close87.375Mar 16, 2023Close89.594Mar 23, 2023Close91.000Mar 30, 2023Close89.875Apr 6, 2023Close91.375Apr 13, 2023Close90.688Apr 20, 2023Close90.156Apr 27, 2023Close90.281May 4, 2023Close91.688May 11, 2023Close91.438May 18, 2023Close89.906May 25, 2023Close88.906Jun 2, 2023Close89.344Jun 9, 2023Close89.063Jun 16, 2023Close88.844Jun 26, 2023Close89.000Jul 3, 2023Close88.094Jul 11, 2023Close87.844Jul 18, 2023Close88.938Jul 25, 2023Close88.250Aug 1, 2023Close87.906Aug 8, 2023Close88.469Aug 15, 2023Close87.375Aug 22, 2023Close86.844Aug 29, 2023Close87.813Sep 6, 2023Close87.094Sep 13, 2023Close87.344Sep 20, 2023Close86.844Sep 27, 2023Close86.094Oct 4, 2023Close85.969Oct 12, 2023Close86.125Oct 19, 2023Close85.063Oct 26, 2023Close85.656Nov 2, 2023Close86.406Nov 9, 2023Close86.469Nov 16, 2023Close87.438Nov 24, 2023Close87.250Dec 1, 2023Close88.750Dec 8, 2023Close88.406Dec 15, 2023Close89.875Dec 22, 2023Close90.063Jan 2, 2024Close89.906Jan 9, 2024Close89.750Jan 17, 2024Close89.656Jan 24, 2024Close89.406Jan 31, 2024Close90.188Feb 7, 2024Close89.594Feb 14, 2024Close88.844Feb 22, 2024Close88.531Feb 29, 2024Close88.844Mar 7, 2024Close89.625Mar 14, 2024Close88.781Mar 21, 2024Close88.969Mar 28, 2024Close89.188Apr 4, 2024Close88.906Apr 11, 2024Close87.688Apr 18, 2024Close87.438Apr 25, 2024Close87.344May 2, 2024Close87.938May 9, 2024Close88.406May 16, 2024Close88.719May 23, 2024Close88.281May 31, 2024Close88.344Jun 7, 2024Close88.625Jun 14, 2024Close89.531Jun 24, 2024Close89.406Jul 1, 2024Close88.813Jul 9, 2024Close89.625Jul 16, 2024Close90.281Jul 23, 2024Close90.094Jul 30, 2024Close90.563Aug 6, 2024Close91.750Aug 13, 2024Close92.000Aug 20, 2024Close91.906Aug 27, 2024Close92.125Sep 4, 2024Close92.500Sep 11, 2024Close93.031Sep 18, 2024Close92.969Sep 25, 2024Close92.875Oct 2, 2024Close92.750Oct 9, 2024Close91.438Oct 17, 2024Close91.500Oct 24, 2024Close91.031Oct 31, 2024Close90.656Nov 7, 2024Close90.594Nov 15, 2024Close90.219Nov 22, 2024Close90.219Dec 2, 2024Close91.000Dec 9, 2024Close91.125Dec 16, 2024Close90.563Dec 23, 2024Close90.000Dec 31, 2024Close90.250Jan 8, 2025Close90.156Jan 15, 2025Close90.156Jan 23, 2025Close90.219Jan 30, 2025Close90.719Feb 6, 2025Close90.844Feb 13, 2025Close90.531Feb 21, 2025Close91.063Feb 28, 2025Close91.813Mar 7, 2025Close91.719Mar 14, 2025Close91.750Mar 21, 2025Close92.094Mar 28, 2025Close92.250Apr 4, 2025Close93.125Apr 11, 2025Close91.844Apr 18, 2025Close92.563Apr 25, 2025Close92.813May 2, 2025Close92.688May 9, 2025Close92.500May 16, 2025Close92.281May 23, 2025Close92.281Jun 2, 2025Close92.531Jun 9, 2025Close92.313Jun 16, 2025Close92.531Jun 24, 2025Close93.188Jul 1, 2025Close93.219Jul 9, 2025Close93.063Jul 16, 2025Close92.938Jul 23, 2025Close93.125Jul 30, 2025Close93.000Aug 6, 2025Close93.719Aug 13, 2025Close93.750Aug 20, 2025Close93.656Aug 27, 2025Close94.000Sep 4, 2025Close94.188Sep 11, 2025Close94.406Sep 18, 2025Close94.219Sep 25, 2025Close93.938Oct 2, 2025Close94.281Oct 9, 2025Close94.156Oct 17, 2025Close94.625Oct 24, 2025Close94.594Oct 31, 2025Close94.313Nov 7, 2025Close94.438Nov 17, 2025Close94.344Nov 24, 2025Close94.719Dec 2, 2025Close94.656Dec 9, 2025Close94.375Dec 16, 2025Close94.750Dec 23, 2025Close94.594Dec 31, 2025Close94.750Jan 8, 2026Close94.750Jan 15, 2026Close94.625Jan 23, 2026Close94.531Jan 30, 2026Close94.750Feb 6, 2026Close94.875Feb 13, 2026Close95.250Feb 23, 2026Close95.281Mar 2, 2026Close95.188Mar 9, 2026Close94.969Mar 16, 2026Close94.719Mar 23, 2026Close94.344Mar 30, 2026Close94.375Apr 6, 2026Close94.344Apr 13, 2026Close94.594Apr 20, 2026Close94.781Apr 27, 2026Close94.594May 4, 2026Close94.250May 11, 2026Close94.313May 18, 2026Close93.938May 26, 2026Close94.063Jun 2, 2026Close94.125Jun 9, 2026Close93.969Jun 16, 2026Close94.219Jun 24, 2026Close94.094Jul 1, 2026Close94.063Jul 9, 2026Close94.094Jul 16, 2026Close94.156Jul 23, 2026Close93.750Jul 30, 2026Close94.031Aug 6, 2026Close94.063Aug 13, 2026Close94.313Aug 20, 2026Close94.281Aug 27, 2026Close94.250Sep 3, 2026Close94.031Sep 9, 2026Close93.875
The most recent 20 trading days of prices for 91282CDW8.
DateBidOfferClose
Sep 9, 202693.89193.87593.875
Sep 8, 202693.98493.96993.938
Sep 4, 202694.01694.00093.969
Sep 3, 202694.07894.06394.031
Sep 2, 202693.95393.93893.938
Sep 1, 202693.98493.96993.906
Aug 31, 202694.04794.03194.031
Aug 28, 202694.07894.06394.000
Aug 27, 202694.29794.28194.250
Aug 26, 202694.29794.28194.250
Aug 25, 202694.29794.28194.313
Aug 24, 202694.23494.21994.188
Aug 21, 202694.17294.15694.188
Aug 20, 202694.26694.25094.281
Aug 19, 202694.28194.25094.281
Aug 18, 202694.29794.28194.281
Aug 17, 202694.29794.28194.250
Aug 14, 202694.32894.31394.281
Aug 13, 202694.32894.31394.313
Aug 12, 202694.23494.21994.188

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 91282CDW8.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Jan 27, 2022Jan 31, 2022New issue$53.0bn$60.9bn2.36x1.769%

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.