Treasury note

91282CDY4 · 1.875% due February 15, 2032

Original term
10-Year
Maturity
Feb 15, 2032
Coupon
1.875%
Pays
Semi-Annual
Dated
Feb 15, 2022
First coupon
Aug 15, 2022
Priced through
Sep 9, 2026
Analyzed through
Sep 9, 2026

Statement of August 31, 2026

Amount outstanding
$140.51bn
Held stripped
$13.3m
Share stripped
<0.01%

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
4.658%
Modified duration
5.040 yr
DV01
0.0438
Convexity
28.721
Dirty price
86.914

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 7 of twelve buckets, summing to 5.160 years against a modified duration of 5.040.

Against the fitted curve

Priced 1.8 bp cheap to the curve on that day, 8.02 cents per 100 of face.

That is 0.43 standard deviations from its own typical residual.

Yield to maturity, 1,143 observations

1.50%2.00%2.50%3.00%3.50%4.00%4.50%5.00%Feb 15, 2022Sep 9, 2026Feb 15, 2022Yield to maturity2.049%Feb 23, 2022Yield to maturity1.986%Mar 2, 2022Yield to maturity1.861%Mar 9, 2022Yield to maturity1.934%Mar 16, 2022Yield to maturity2.185%Mar 23, 2022Yield to maturity2.322%Mar 30, 2022Yield to maturity2.352%Apr 6, 2022Yield to maturity2.605%Apr 13, 2022Yield to maturity2.701%Apr 21, 2022Yield to maturity2.902%Apr 28, 2022Yield to maturity2.849%May 5, 2022Yield to maturity3.050%May 12, 2022Yield to maturity2.853%May 19, 2022Yield to maturity2.855%May 26, 2022Yield to maturity2.760%Jun 3, 2022Yield to maturity2.961%Jun 10, 2022Yield to maturity3.166%Jun 17, 2022Yield to maturity3.250%Jun 27, 2022Yield to maturity3.199%Jul 5, 2022Yield to maturity2.824%Jul 12, 2022Yield to maturity2.948%Jul 19, 2022Yield to maturity3.009%Jul 26, 2022Yield to maturity2.809%Aug 2, 2022Yield to maturity2.744%Aug 9, 2022Yield to maturity2.789%Aug 16, 2022Yield to maturity2.826%Aug 23, 2022Yield to maturity3.056%Aug 30, 2022Yield to maturity3.128%Sep 7, 2022Yield to maturity3.279%Sep 14, 2022Yield to maturity3.411%Sep 21, 2022Yield to maturity3.524%Sep 28, 2022Yield to maturity3.747%Oct 5, 2022Yield to maturity3.776%Oct 13, 2022Yield to maturity3.984%Oct 20, 2022Yield to maturity4.242%Oct 27, 2022Yield to maturity3.961%Nov 3, 2022Yield to maturity4.141%Nov 10, 2022Yield to maturity3.841%Nov 18, 2022Yield to maturity3.822%Nov 28, 2022Yield to maturity3.698%Dec 5, 2022Yield to maturity3.609%Dec 12, 2022Yield to maturity3.617%Dec 19, 2022Yield to maturity3.572%Dec 27, 2022Yield to maturity3.837%Jan 4, 2023Yield to maturity3.681%Jan 11, 2023Yield to maturity3.526%Jan 19, 2023Yield to maturity3.373%Jan 26, 2023Yield to maturity3.463%Feb 2, 2023Yield to maturity3.370%Feb 9, 2023Yield to maturity3.677%Feb 16, 2023Yield to maturity3.861%Feb 24, 2023Yield to maturity3.962%Mar 3, 2023Yield to maturity3.980%Mar 10, 2023Yield to maturity3.702%Mar 17, 2023Yield to maturity3.416%Mar 24, 2023Yield to maturity3.384%Mar 31, 2023Yield to maturity3.488%Apr 7, 2023Yield to maturity3.398%Apr 14, 2023Yield to maturity3.513%Apr 21, 2023Yield to maturity3.565%Apr 28, 2023Yield to maturity3.430%May 5, 2023Yield to maturity3.411%May 12, 2023Yield to maturity3.441%May 19, 2023Yield to maturity3.693%May 26, 2023Yield to maturity3.812%Jun 5, 2023Yield to maturity3.705%Jun 12, 2023Yield to maturity3.755%Jun 20, 2023Yield to maturity3.760%Jun 27, 2023Yield to maturity3.792%Jul 5, 2023Yield to maturity3.980%Jul 12, 2023Yield to maturity3.885%Jul 19, 2023Yield to maturity3.771%Jul 26, 2023Yield to maturity3.888%Aug 2, 2023Yield to maturity4.089%Aug 9, 2023Yield to maturity4.012%Aug 16, 2023Yield to maturity4.303%Aug 23, 2023Yield to maturity4.225%Aug 30, 2023Yield to maturity4.156%Sep 7, 2023Yield to maturity4.294%Sep 14, 2023Yield to maturity4.319%Sep 21, 2023Yield to maturity4.510%Sep 28, 2023Yield to maturity4.617%Oct 5, 2023Yield to maturity4.731%Oct 13, 2023Yield to maturity4.652%Oct 20, 2023Yield to maturity4.929%Oct 27, 2023Yield to maturity4.851%Nov 3, 2023Yield to maturity4.566%Nov 10, 2023Yield to maturity4.660%Nov 17, 2023Yield to maturity4.470%Nov 27, 2023Yield to maturity4.420%Dec 4, 2023Yield to maturity4.298%Dec 11, 2023Yield to maturity4.258%Dec 18, 2023Yield to maturity3.968%Dec 26, 2023Yield to maturity3.914%Jan 3, 2024Yield to maturity3.929%Jan 10, 2024Yield to maturity4.038%Jan 18, 2024Yield to maturity4.129%Jan 25, 2024Yield to maturity4.119%Feb 1, 2024Yield to maturity3.854%Feb 8, 2024Yield to maturity4.175%Feb 15, 2024Yield to maturity4.262%Feb 23, 2024Yield to maturity4.285%Mar 1, 2024Yield to maturity4.202%Mar 8, 2024Yield to maturity4.095%Mar 15, 2024Yield to maturity4.322%Mar 22, 2024Yield to maturity4.218%Mar 29, 2024Yield to maturity4.213%Apr 5, 2024Yield to maturity4.396%Apr 12, 2024Yield to maturity4.524%Apr 19, 2024Yield to maturity4.637%Apr 26, 2024Yield to maturity4.692%May 3, 2024Yield to maturity4.499%May 10, 2024Yield to maturity4.510%May 17, 2024Yield to maturity4.425%May 24, 2024Yield to maturity4.486%Jun 3, 2024Yield to maturity4.417%Jun 10, 2024Yield to maturity4.476%Jun 17, 2024Yield to maturity4.284%Jun 25, 2024Yield to maturity4.243%Jul 2, 2024Yield to maturity4.420%Jul 10, 2024Yield to maturity4.266%Jul 17, 2024Yield to maturity4.122%Jul 24, 2024Yield to maturity4.234%Jul 31, 2024Yield to maturity4.033%Aug 7, 2024Yield to maturity3.906%Aug 14, 2024Yield to maturity3.765%Aug 21, 2024Yield to maturity3.733%Aug 28, 2024Yield to maturity3.774%Sep 5, 2024Yield to maturity3.659%Sep 12, 2024Yield to maturity3.601%Sep 19, 2024Yield to maturity3.642%Sep 26, 2024Yield to maturity3.703%Oct 3, 2024Yield to maturity3.755%Oct 10, 2024Yield to maturity4.026%Oct 18, 2024Yield to maturity4.006%Oct 25, 2024Yield to maturity4.186%Nov 1, 2024Yield to maturity4.329%Nov 8, 2024Yield to maturity4.281%Nov 18, 2024Yield to maturity4.376%Nov 25, 2024Yield to maturity4.231%Dec 3, 2024Yield to maturity4.194%Dec 10, 2024Yield to maturity4.172%Dec 17, 2024Yield to maturity4.345%Dec 24, 2024Yield to maturity4.545%Jan 2, 2025Yield to maturity4.490%Jan 9, 2025Yield to maturity4.600%Jan 16, 2025Yield to maturity4.520%Jan 24, 2025Yield to maturity4.547%Jan 31, 2025Yield to maturity4.491%Feb 7, 2025Yield to maturity4.428%Feb 14, 2025Yield to maturity4.418%Feb 24, 2025Yield to maturity4.333%Mar 3, 2025Yield to maturity4.077%Mar 10, 2025Yield to maturity4.117%Mar 17, 2025Yield to maturity4.226%Mar 24, 2025Yield to maturity4.232%Mar 31, 2025Yield to maturity4.100%Apr 7, 2025Yield to maturity3.981%Apr 14, 2025Yield to maturity4.210%Apr 21, 2025Yield to maturity4.199%Apr 28, 2025Yield to maturity4.021%May 5, 2025Yield to maturity4.142%May 12, 2025Yield to maturity4.276%May 19, 2025Yield to maturity4.265%May 27, 2025Yield to maturity4.219%Jun 3, 2025Yield to maturity4.238%Jun 10, 2025Yield to maturity4.268%Jun 17, 2025Yield to maturity4.168%Jun 25, 2025Yield to maturity4.040%Jul 2, 2025Yield to maturity4.052%Jul 10, 2025Yield to maturity4.112%Jul 17, 2025Yield to maturity4.207%Jul 24, 2025Yield to maturity4.160%Jul 31, 2025Yield to maturity4.125%Aug 7, 2025Yield to maturity3.965%Aug 14, 2025Yield to maturity4.001%Aug 21, 2025Yield to maturity4.042%Aug 28, 2025Yield to maturity3.894%Sep 5, 2025Yield to maturity3.766%Sep 12, 2025Yield to maturity3.783%Sep 19, 2025Yield to maturity3.848%Sep 26, 2025Yield to maturity3.925%Oct 3, 2025Yield to maturity3.859%Oct 10, 2025Yield to maturity3.793%Oct 20, 2025Yield to maturity3.721%Oct 27, 2025Yield to maturity3.751%Nov 3, 2025Yield to maturity3.852%Nov 10, 2025Yield to maturity3.852%Nov 18, 2025Yield to maturity3.834%Nov 25, 2025Yield to maturity3.707%Dec 3, 2025Yield to maturity3.761%Dec 10, 2025Yield to maturity3.864%Dec 17, 2025Yield to maturity3.845%Dec 24, 2025Yield to maturity3.858%Jan 2, 2026Yield to maturity3.885%Jan 9, 2026Yield to maturity3.885%Jan 16, 2026Yield to maturity3.954%Jan 26, 2026Yield to maturity3.948%Feb 2, 2026Yield to maturity3.973%Feb 9, 2026Yield to maturity3.885%Feb 17, 2026Yield to maturity3.748%Feb 24, 2026Yield to maturity3.729%Mar 3, 2026Yield to maturity3.753%Mar 10, 2026Yield to maturity3.853%Mar 17, 2026Yield to maturity3.904%Mar 24, 2026Yield to maturity4.148%Mar 31, 2026Yield to maturity4.039%Apr 7, 2026Yield to maturity4.065%Apr 14, 2026Yield to maturity3.981%Apr 21, 2026Yield to maturity4.014%Apr 28, 2026Yield to maturity4.086%May 5, 2026Yield to maturity4.171%May 12, 2026Yield to maturity4.212%May 19, 2026Yield to maturity4.420%May 27, 2026Yield to maturity4.255%Jun 3, 2026Yield to maturity4.276%Jun 10, 2026Yield to maturity4.331%Jun 17, 2026Yield to maturity4.318%Jun 25, 2026Yield to maturity4.213%Jul 2, 2026Yield to maturity4.285%Jul 10, 2026Yield to maturity4.354%Jul 17, 2026Yield to maturity4.328%Jul 24, 2026Yield to maturity4.481%Jul 31, 2026Yield to maturity4.511%Aug 7, 2026Yield to maturity4.408%Aug 14, 2026Yield to maturity4.424%Aug 21, 2026Yield to maturity4.488%Aug 28, 2026Yield to maturity4.539%Sep 4, 2026Yield to maturity4.599%Sep 9, 2026Yield to maturity4.658%

Price history

1,143 trading days to Sep 9, 2026

7580859095100105Feb 15, 2022Sep 9, 2026Feb 15, 2022Close98.438Feb 23, 2022Close99.000Mar 2, 2022Close100.125Mar 9, 2022Close99.469Mar 16, 2022Close97.250Mar 23, 2022Close96.063Mar 30, 2022Close95.813Apr 6, 2022Close93.688Apr 13, 2022Close92.906Apr 21, 2022Close91.281Apr 28, 2022Close91.719May 5, 2022Close90.125May 12, 2022Close91.719May 19, 2022Close91.719May 26, 2022Close92.500Jun 3, 2022Close90.906Jun 10, 2022Close89.313Jun 17, 2022Close88.688Jun 27, 2022Close89.094Jul 5, 2022Close92.063Jul 12, 2022Close91.094Jul 19, 2022Close90.625Jul 26, 2022Close92.219Aug 2, 2022Close92.750Aug 9, 2022Close92.406Aug 16, 2022Close92.125Aug 23, 2022Close90.344Aug 30, 2022Close89.813Sep 7, 2022Close88.688Sep 14, 2022Close87.719Sep 21, 2022Close86.906Sep 28, 2022Close85.313Oct 5, 2022Close85.125Oct 13, 2022Close83.688Oct 20, 2022Close81.938Oct 27, 2022Close83.906Nov 3, 2022Close82.688Nov 10, 2022Close84.813Nov 18, 2022Close84.969Nov 28, 2022Close85.875Dec 5, 2022Close86.531Dec 12, 2022Close86.500Dec 19, 2022Close86.844Dec 27, 2022Close85.000Jan 4, 2023Close86.125Jan 11, 2023Close87.250Jan 19, 2023Close88.375Jan 26, 2023Close87.750Feb 2, 2023Close88.438Feb 9, 2023Close86.281Feb 16, 2023Close85.031Feb 24, 2023Close84.375Mar 3, 2023Close84.281Mar 10, 2023Close86.219Mar 17, 2023Close88.250Mar 24, 2023Close88.500Mar 31, 2023Close87.781Apr 7, 2023Close88.438Apr 14, 2023Close87.656Apr 21, 2023Close87.313Apr 28, 2023Close88.281May 5, 2023Close88.438May 12, 2023Close88.250May 19, 2023Close86.531May 26, 2023Close85.750Jun 5, 2023Close86.500Jun 12, 2023Close86.188Jun 20, 2023Close86.188Jun 27, 2023Close86.000Jul 5, 2023Close84.781Jul 12, 2023Close85.438Jul 19, 2023Close86.219Jul 26, 2023Close85.469Aug 2, 2023Close84.188Aug 9, 2023Close84.719Aug 16, 2023Close82.875Aug 23, 2023Close83.406Aug 30, 2023Close83.875Sep 7, 2023Close83.031Sep 14, 2023Close82.906Sep 21, 2023Close81.750Sep 28, 2023Close81.125Oct 5, 2023Close80.469Oct 13, 2023Close81.000Oct 20, 2023Close79.375Oct 27, 2023Close79.875Nov 3, 2023Close81.625Nov 10, 2023Close81.094Nov 17, 2023Close82.281Nov 27, 2023Close82.625Dec 4, 2023Close83.406Dec 11, 2023Close83.688Dec 18, 2023Close85.531Dec 26, 2023Close85.906Jan 3, 2024Close85.844Jan 10, 2024Close85.188Jan 18, 2024Close84.656Jan 25, 2024Close84.750Feb 1, 2024Close86.438Feb 8, 2024Close84.469Feb 15, 2024Close83.969Feb 23, 2024Close83.875Mar 1, 2024Close84.406Mar 8, 2024Close85.094Mar 15, 2024Close83.750Mar 22, 2024Close84.406Mar 29, 2024Close84.469Apr 5, 2024Close83.406Apr 12, 2024Close82.688Apr 19, 2024Close82.063Apr 26, 2024Close81.781May 3, 2024Close82.938May 10, 2024Close82.906May 17, 2024Close83.438May 24, 2024Close83.125Jun 3, 2024Close83.563Jun 10, 2024Close83.250Jun 17, 2024Close84.406Jun 25, 2024Close84.688Jul 2, 2024Close83.688Jul 10, 2024Close84.625Jul 17, 2024Close85.500Jul 24, 2024Close84.875Jul 31, 2024Close86.094Aug 7, 2024Close86.875Aug 14, 2024Close87.750Aug 21, 2024Close87.969Aug 28, 2024Close87.750Sep 5, 2024Close88.469Sep 12, 2024Close88.844Sep 19, 2024Close88.625Sep 26, 2024Close88.281Oct 3, 2024Close88.000Oct 10, 2024Close86.438Oct 18, 2024Close86.594Oct 25, 2024Close85.594Nov 1, 2024Close84.813Nov 8, 2024Close85.125Nov 18, 2024Close84.625Nov 25, 2024Close85.469Dec 3, 2024Close85.719Dec 10, 2024Close85.875Dec 17, 2024Close84.938Dec 24, 2024Close83.875Jan 2, 2025Close84.219Jan 9, 2025Close83.656Jan 16, 2025Close84.125Jan 24, 2025Close84.031Jan 31, 2025Close84.375Feb 7, 2025Close84.750Feb 14, 2025Close84.844Feb 24, 2025Close85.344Mar 3, 2025Close86.781Mar 10, 2025Close86.594Mar 17, 2025Close86.031Mar 24, 2025Close86.031Mar 31, 2025Close86.781Apr 7, 2025Close87.469Apr 14, 2025Close86.250Apr 21, 2025Close86.344Apr 28, 2025Close87.344May 5, 2025Close86.719May 12, 2025Close86.031May 19, 2025Close86.125May 27, 2025Close86.406Jun 3, 2025Close86.344Jun 10, 2025Close86.219Jun 17, 2025Close86.781Jun 25, 2025Close87.500Jul 2, 2025Close87.469Jul 10, 2025Close87.188Jul 17, 2025Close86.719Jul 24, 2025Close87.000Jul 31, 2025Close87.219Aug 7, 2025Close88.094Aug 14, 2025Close87.938Aug 21, 2025Close87.750Aug 28, 2025Close88.563Sep 5, 2025Close89.281Sep 12, 2025Close89.219Sep 19, 2025Close88.906Sep 26, 2025Close88.531Oct 3, 2025Close88.906Oct 10, 2025Close89.281Oct 20, 2025Close89.688Oct 27, 2025Close89.563Nov 3, 2025Close89.063Nov 10, 2025Close89.094Nov 18, 2025Close89.219Nov 25, 2025Close89.906Dec 3, 2025Close89.656Dec 10, 2025Close89.156Dec 17, 2025Close89.281Dec 24, 2025Close89.250Jan 2, 2026Close89.156Jan 9, 2026Close89.188Jan 16, 2026Close88.875Jan 26, 2026Close88.938Feb 2, 2026Close88.844Feb 9, 2026Close89.313Feb 17, 2026Close90.031Feb 24, 2026Close90.156Mar 3, 2026Close90.063Mar 10, 2026Close89.594Mar 17, 2026Close89.375Mar 24, 2026Close88.219Mar 31, 2026Close88.781Apr 7, 2026Close88.688Apr 14, 2026Close89.125Apr 21, 2026Close89.000Apr 28, 2026Close88.688May 5, 2026Close88.313May 12, 2026Close88.156May 19, 2026Close87.219May 27, 2026Close88.031Jun 3, 2026Close87.969Jun 10, 2026Close87.750Jun 17, 2026Close87.844Jun 25, 2026Close88.375Jul 2, 2026Close88.094Jul 10, 2026Close87.813Jul 17, 2026Close87.969Jul 24, 2026Close87.313Jul 31, 2026Close87.219Aug 7, 2026Close87.719Aug 14, 2026Close87.688Aug 21, 2026Close87.438Aug 28, 2026Close87.250Sep 4, 2026Close87.031Sep 9, 2026Close86.781
The most recent 20 trading days of prices for 91282CDY4.
DateBidOfferClose
Sep 9, 202686.78186.75086.781
Sep 8, 202687.01687.00086.969
Sep 4, 202687.10987.09487.031
Sep 3, 202687.26687.25087.156
Sep 2, 202687.00086.96987.000
Sep 1, 202687.12587.09486.969
Aug 31, 202687.21987.18887.219
Aug 28, 202687.40687.37587.250
Aug 27, 202687.75087.71987.656
Aug 26, 202687.73487.71987.688
Aug 25, 202687.81387.78187.844
Aug 24, 202687.64187.62587.531
Aug 21, 202687.45387.43887.438
Aug 20, 202687.62587.59487.625
Aug 19, 202687.75087.71987.781
Aug 18, 202687.65687.62587.656
Aug 17, 202687.68887.65687.594
Aug 14, 202687.76687.75087.688
Aug 13, 202687.87587.84487.875
Aug 12, 202687.70387.68887.625

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.

3 auctions

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 91282CDY4.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Feb 9, 2022Feb 15, 2022New issue$37.0bn$59.4bn2.68x1.904%
Mar 9, 2022Mar 15, 2022Reopening$34.0bn$39.7bn2.47x1.920%
Apr 12, 2022Apr 18, 2022Reopening$34.0bn$42.1bn2.43x2.720%

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.