Treasury note

91282CEE7 · 2.375% due March 31, 2029

Original term
7-Year
Maturity
Mar 31, 2029
Coupon
2.375%
Pays
Semi-Annual
Dated
Mar 31, 2022
First coupon
Sep 30, 2022
Priced through
Sep 9, 2026
Analyzed through
Sep 9, 2026

Statement of August 31, 2026

Amount outstanding
$55.67bn
Held stripped
$214.4m
Share stripped
0.39%

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
4.494%
Modified duration
2.411 yr
DV01
0.0231
Convexity
7.141
Dirty price
95.995

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 2.463 years against a modified duration of 2.411.

Against the fitted curve

Priced 0.7 bp rich to the curve on that day, 1.62 cents per 100 of face.

That is -0.60 standard deviations from its own typical residual.

Yield to maturity, 1,112 observations

2.00%2.50%3.00%3.50%4.00%4.50%5.00%5.50%Mar 31, 2022Sep 9, 2026Mar 31, 2022Yield to maturity2.404%Apr 7, 2022Yield to maturity2.731%Apr 14, 2022Yield to maturity2.843%Apr 22, 2022Yield to maturity2.952%Apr 29, 2022Yield to maturity2.948%May 6, 2022Yield to maturity3.141%May 13, 2022Yield to maturity2.956%May 20, 2022Yield to maturity2.824%May 27, 2022Yield to maturity2.779%Jun 6, 2022Yield to maturity3.092%Jun 13, 2022Yield to maturity3.548%Jun 21, 2022Yield to maturity3.411%Jun 28, 2022Yield to maturity3.284%Jul 6, 2022Yield to maturity2.999%Jul 13, 2022Yield to maturity3.017%Jul 20, 2022Yield to maturity3.173%Jul 27, 2022Yield to maturity2.851%Aug 3, 2022Yield to maturity2.847%Aug 10, 2022Yield to maturity2.912%Aug 17, 2022Yield to maturity3.031%Aug 24, 2022Yield to maturity3.255%Aug 31, 2022Yield to maturity3.318%Sep 8, 2022Yield to maturity3.437%Sep 15, 2022Yield to maturity3.653%Sep 22, 2022Yield to maturity3.908%Sep 29, 2022Yield to maturity3.988%Oct 6, 2022Yield to maturity4.039%Oct 14, 2022Yield to maturity4.252%Oct 21, 2022Yield to maturity4.359%Oct 28, 2022Yield to maturity4.197%Nov 4, 2022Yield to maturity4.340%Nov 14, 2022Yield to maturity4.017%Nov 21, 2022Yield to maturity3.992%Nov 29, 2022Yield to maturity3.926%Dec 6, 2022Yield to maturity3.707%Dec 13, 2022Yield to maturity3.658%Dec 20, 2022Yield to maturity3.815%Dec 28, 2022Yield to maturity4.004%Jan 5, 2023Yield to maturity3.878%Jan 12, 2023Yield to maturity3.538%Jan 20, 2023Yield to maturity3.561%Jan 27, 2023Yield to maturity3.629%Feb 3, 2023Yield to maturity3.657%Feb 10, 2023Yield to maturity3.908%Feb 17, 2023Yield to maturity4.011%Feb 27, 2023Yield to maturity4.145%Mar 6, 2023Yield to maturity4.232%Mar 13, 2023Yield to maturity3.707%Mar 20, 2023Yield to maturity3.620%Mar 27, 2023Yield to maturity3.642%Apr 3, 2023Yield to maturity3.548%Apr 10, 2023Yield to maturity3.540%Apr 17, 2023Yield to maturity3.714%Apr 24, 2023Yield to maturity3.620%May 1, 2023Yield to maturity3.673%May 8, 2023Yield to maturity3.547%May 15, 2023Yield to maturity3.520%May 22, 2023Yield to maturity3.797%May 30, 2023Yield to maturity3.840%Jun 6, 2023Yield to maturity3.863%Jun 13, 2023Yield to maturity4.021%Jun 21, 2023Yield to maturity3.944%Jun 28, 2023Yield to maturity3.948%Jul 6, 2023Yield to maturity4.339%Jul 13, 2023Yield to maturity3.933%Jul 20, 2023Yield to maturity4.068%Jul 27, 2023Yield to maturity4.238%Aug 3, 2023Yield to maturity4.324%Aug 10, 2023Yield to maturity4.223%Aug 17, 2023Yield to maturity4.437%Aug 24, 2023Yield to maturity4.410%Aug 31, 2023Yield to maturity4.268%Sep 8, 2023Yield to maturity4.426%Sep 15, 2023Yield to maturity4.488%Sep 22, 2023Yield to maturity4.598%Sep 29, 2023Yield to maturity4.668%Oct 6, 2023Yield to maturity4.810%Oct 16, 2023Yield to maturity4.775%Oct 23, 2023Yield to maturity4.882%Oct 30, 2023Yield to maturity4.891%Nov 6, 2023Yield to maturity4.678%Nov 13, 2023Yield to maturity4.714%Nov 20, 2023Yield to maturity4.488%Nov 28, 2023Yield to maturity4.356%Dec 5, 2023Yield to maturity4.201%Dec 12, 2023Yield to maturity4.271%Dec 19, 2023Yield to maturity3.991%Dec 27, 2023Yield to maturity3.831%Jan 4, 2024Yield to maturity4.010%Jan 11, 2024Yield to maturity3.946%Jan 19, 2024Yield to maturity4.102%Jan 26, 2024Yield to maturity4.087%Feb 2, 2024Yield to maturity4.022%Feb 9, 2024Yield to maturity4.177%Feb 16, 2024Yield to maturity4.315%Feb 26, 2024Yield to maturity4.336%Mar 4, 2024Yield to maturity4.249%Mar 11, 2024Yield to maturity4.117%Mar 18, 2024Yield to maturity4.387%Mar 25, 2024Yield to maturity4.269%Apr 1, 2024Yield to maturity4.365%Apr 8, 2024Yield to maturity4.454%Apr 15, 2024Yield to maturity4.673%Apr 22, 2024Yield to maturity4.689%Apr 29, 2024Yield to maturity4.689%May 6, 2024Yield to maturity4.522%May 13, 2024Yield to maturity4.530%May 20, 2024Yield to maturity4.485%May 28, 2024Yield to maturity4.609%Jun 4, 2024Yield to maturity4.386%Jun 11, 2024Yield to maturity4.432%Jun 18, 2024Yield to maturity4.280%Jun 26, 2024Yield to maturity4.379%Jul 3, 2024Yield to maturity4.365%Jul 11, 2024Yield to maturity4.171%Jul 18, 2024Yield to maturity4.147%Jul 25, 2024Yield to maturity4.185%Aug 1, 2024Yield to maturity3.883%Aug 8, 2024Yield to maturity3.873%Aug 15, 2024Yield to maturity3.833%Aug 22, 2024Yield to maturity3.761%Aug 29, 2024Yield to maturity3.728%Sep 6, 2024Yield to maturity3.543%Sep 13, 2024Yield to maturity3.462%Sep 20, 2024Yield to maturity3.513%Sep 27, 2024Yield to maturity3.534%Oct 4, 2024Yield to maturity3.845%Oct 11, 2024Yield to maturity3.908%Oct 21, 2024Yield to maturity4.003%Oct 28, 2024Yield to maturity4.131%Nov 4, 2024Yield to maturity4.196%Nov 12, 2024Yield to maturity4.345%Nov 19, 2024Yield to maturity4.278%Nov 26, 2024Yield to maturity4.228%Dec 4, 2024Yield to maturity4.104%Dec 11, 2024Yield to maturity4.161%Dec 18, 2024Yield to maturity4.413%Dec 26, 2024Yield to maturity4.441%Jan 3, 2025Yield to maturity4.410%Jan 10, 2025Yield to maturity4.583%Jan 17, 2025Yield to maturity4.421%Jan 27, 2025Yield to maturity4.326%Feb 3, 2025Yield to maturity4.361%Feb 10, 2025Yield to maturity4.352%Feb 18, 2025Yield to maturity4.397%Feb 25, 2025Yield to maturity4.135%Mar 4, 2025Yield to maturity4.012%Mar 11, 2025Yield to maturity4.019%Mar 18, 2025Yield to maturity4.071%Mar 25, 2025Yield to maturity4.052%Apr 1, 2025Yield to maturity3.892%Apr 8, 2025Yield to maturity3.837%Apr 15, 2025Yield to maturity3.950%Apr 22, 2025Yield to maturity3.922%Apr 29, 2025Yield to maturity3.714%May 6, 2025Yield to maturity3.846%May 13, 2025Yield to maturity4.080%May 20, 2025Yield to maturity4.024%May 28, 2025Yield to maturity4.024%Jun 4, 2025Yield to maturity3.884%Jun 11, 2025Yield to maturity3.965%Jun 18, 2025Yield to maturity3.937%Jun 26, 2025Yield to maturity3.740%Jul 3, 2025Yield to maturity3.890%Jul 11, 2025Yield to maturity3.926%Jul 18, 2025Yield to maturity3.896%Jul 25, 2025Yield to maturity3.894%Aug 1, 2025Yield to maturity3.711%Aug 8, 2025Yield to maturity3.775%Aug 15, 2025Yield to maturity3.773%Aug 22, 2025Yield to maturity3.684%Aug 29, 2025Yield to maturity3.614%Sep 8, 2025Yield to maturity3.505%Sep 15, 2025Yield to maturity3.540%Sep 22, 2025Yield to maturity3.634%Sep 29, 2025Yield to maturity3.670%Oct 6, 2025Yield to maturity3.667%Oct 14, 2025Yield to maturity3.516%Oct 21, 2025Yield to maturity3.483%Oct 28, 2025Yield to maturity3.529%Nov 4, 2025Yield to maturity3.615%Nov 12, 2025Yield to maturity3.593%Nov 19, 2025Yield to maturity3.620%Nov 26, 2025Yield to maturity3.505%Dec 4, 2025Yield to maturity3.583%Dec 11, 2025Yield to maturity3.600%Dec 18, 2025Yield to maturity3.534%Dec 26, 2025Yield to maturity3.564%Jan 5, 2026Yield to maturity3.562%Jan 12, 2026Yield to maturity3.632%Jan 20, 2026Yield to maturity3.705%Jan 27, 2026Yield to maturity3.670%Feb 3, 2026Yield to maturity3.677%Feb 10, 2026Yield to maturity3.544%Feb 18, 2026Yield to maturity3.519%Feb 25, 2026Yield to maturity3.504%Mar 4, 2026Yield to maturity3.566%Mar 11, 2026Yield to maturity3.674%Mar 18, 2026Yield to maturity3.783%Mar 25, 2026Yield to maturity3.894%Apr 1, 2026Yield to maturity3.858%Apr 8, 2026Yield to maturity3.821%Apr 15, 2026Yield to maturity3.795%Apr 22, 2026Yield to maturity3.816%Apr 29, 2026Yield to maturity3.954%May 6, 2026Yield to maturity3.905%May 13, 2026Yield to maturity4.021%May 20, 2026Yield to maturity4.116%May 28, 2026Yield to maturity4.081%Jun 4, 2026Yield to maturity4.104%Jun 11, 2026Yield to maturity4.103%Jun 18, 2026Yield to maturity4.206%Jun 26, 2026Yield to maturity4.106%Jul 6, 2026Yield to maturity4.158%Jul 13, 2026Yield to maturity4.309%Jul 20, 2026Yield to maturity4.246%Jul 27, 2026Yield to maturity4.362%Aug 3, 2026Yield to maturity4.311%Aug 10, 2026Yield to maturity4.299%Aug 17, 2026Yield to maturity4.247%Aug 24, 2026Yield to maturity4.300%Aug 31, 2026Yield to maturity4.394%Sep 8, 2026Yield to maturity4.452%Sep 9, 2026Yield to maturity4.494%

Price history

1,112 trading days to Sep 9, 2026

87.590.092.595.097.5100.0Mar 31, 2022Sep 9, 2026Mar 31, 2022Close99.813Apr 7, 2022Close97.750Apr 14, 2022Close97.063Apr 22, 2022Close96.406Apr 29, 2022Close96.438May 6, 2022Close95.281May 13, 2022Close96.406May 20, 2022Close97.219May 27, 2022Close97.500Jun 6, 2022Close95.625Jun 13, 2022Close92.969Jun 21, 2022Close93.781Jun 28, 2022Close94.531Jul 6, 2022Close96.219Jul 13, 2022Close96.125Jul 20, 2022Close95.219Jul 27, 2022Close97.125Aug 3, 2022Close97.156Aug 10, 2022Close96.781Aug 17, 2022Close96.094Aug 24, 2022Close94.813Aug 31, 2022Close94.469Sep 8, 2022Close93.813Sep 15, 2022Close92.625Sep 22, 2022Close91.250Sep 29, 2022Close90.844Oct 6, 2022Close90.594Oct 14, 2022Close89.500Oct 21, 2022Close88.969Oct 28, 2022Close89.844Nov 4, 2022Close89.125Nov 14, 2022Close90.844Nov 21, 2022Close91.000Nov 29, 2022Close91.375Dec 6, 2022Close92.563Dec 13, 2022Close92.844Dec 20, 2022Close92.031Dec 28, 2022Close91.063Jan 5, 2023Close91.750Jan 12, 2023Close93.563Jan 20, 2023Close93.469Jan 27, 2023Close93.125Feb 3, 2023Close93.000Feb 10, 2023Close91.719Feb 17, 2023Close91.219Feb 27, 2023Close90.563Mar 6, 2023Close90.156Mar 13, 2023Close92.844Mar 20, 2023Close93.313Mar 27, 2023Close93.219Apr 3, 2023Close93.719Apr 10, 2023Close93.781Apr 17, 2023Close92.906Apr 24, 2023Close93.406May 1, 2023Close93.156May 8, 2023Close93.813May 15, 2023Close93.969May 22, 2023Close92.594May 30, 2023Close92.406Jun 6, 2023Close92.313Jun 13, 2023Close91.563Jun 21, 2023Close91.969Jun 28, 2023Close91.969Jul 6, 2023Close90.125Jul 13, 2023Close92.094Jul 20, 2023Close91.469Jul 27, 2023Close90.688Aug 3, 2023Close90.313Aug 10, 2023Close90.813Aug 17, 2023Close89.844Aug 24, 2023Close90.000Aug 31, 2023Close90.688Sep 8, 2023Close90.000Sep 15, 2023Close89.750Sep 22, 2023Close89.281Sep 29, 2023Close89.000Oct 6, 2023Close88.406Oct 16, 2023Close88.594Oct 23, 2023Close88.156Oct 30, 2023Close88.156Nov 6, 2023Close89.125Nov 13, 2023Close89.000Nov 20, 2023Close90.031Nov 28, 2023Close90.656Dec 5, 2023Close91.375Dec 12, 2023Close91.094Dec 19, 2023Close92.375Dec 27, 2023Close93.125Jan 4, 2024Close92.344Jan 11, 2024Close92.656Jan 19, 2024Close92.000Jan 26, 2024Close92.094Feb 2, 2024Close92.406Feb 9, 2024Close91.750Feb 16, 2024Close91.188Feb 26, 2024Close91.125Mar 4, 2024Close91.531Mar 11, 2024Close92.125Mar 18, 2024Close91.000Mar 25, 2024Close91.531Apr 1, 2024Close91.156Apr 8, 2024Close90.813Apr 15, 2024Close89.938Apr 22, 2024Close89.906Apr 29, 2024Close89.938May 6, 2024Close90.656May 13, 2024Close90.656May 20, 2024Close90.875May 28, 2024Close90.406Jun 4, 2024Close91.344Jun 11, 2024Close91.188Jun 18, 2024Close91.844Jun 26, 2024Close91.469Jul 3, 2024Close91.563Jul 11, 2024Close92.375Jul 18, 2024Close92.500Jul 25, 2024Close92.375Aug 1, 2024Close93.625Aug 8, 2024Close93.688Aug 15, 2024Close93.875Aug 22, 2024Close94.188Aug 29, 2024Close94.344Sep 6, 2024Close95.125Sep 13, 2024Close95.469Sep 20, 2024Close95.281Sep 27, 2024Close95.219Oct 4, 2024Close94.000Oct 11, 2024Close93.781Oct 21, 2024Close93.438Oct 28, 2024Close92.969Nov 4, 2024Close92.750Nov 12, 2024Close92.219Nov 19, 2024Close92.500Nov 26, 2024Close92.719Dec 4, 2024Close93.219Dec 11, 2024Close93.031Dec 18, 2024Close92.125Dec 26, 2024Close92.063Jan 3, 2025Close92.219Jan 10, 2025Close91.625Jan 17, 2025Close92.250Jan 27, 2025Close92.625Feb 3, 2025Close92.531Feb 10, 2025Close92.594Feb 18, 2025Close92.469Feb 25, 2025Close93.438Mar 4, 2025Close93.906Mar 11, 2025Close93.906Mar 18, 2025Close93.750Mar 25, 2025Close93.844Apr 1, 2025Close94.438Apr 8, 2025Close94.656Apr 15, 2025Close94.281Apr 22, 2025Close94.406Apr 29, 2025Close95.156May 6, 2025Close94.719May 13, 2025Close93.938May 20, 2025Close94.156May 28, 2025Close94.188Jun 4, 2025Close94.688Jun 11, 2025Close94.438Jun 18, 2025Close94.563Jun 26, 2025Close95.250Jul 3, 2025Close94.781Jul 11, 2025Close94.688Jul 18, 2025Close94.813Jul 25, 2025Close94.844Aug 1, 2025Close95.469Aug 8, 2025Close95.281Aug 15, 2025Close95.313Aug 22, 2025Close95.625Aug 29, 2025Close95.875Sep 8, 2025Close96.250Sep 15, 2025Close96.156Sep 22, 2025Close95.875Sep 29, 2025Close95.781Oct 6, 2025Close95.813Oct 14, 2025Close96.313Oct 21, 2025Close96.438Oct 28, 2025Close96.313Nov 4, 2025Close96.063Nov 12, 2025Close96.156Nov 19, 2025Close96.094Nov 26, 2025Close96.469Dec 4, 2025Close96.250Dec 11, 2025Close96.219Dec 18, 2025Close96.438Dec 26, 2025Close96.375Jan 5, 2026Close96.406Jan 12, 2026Close96.219Jan 20, 2026Close96.031Jan 27, 2026Close96.156Feb 3, 2026Close96.156Feb 10, 2026Close96.563Feb 18, 2026Close96.656Feb 25, 2026Close96.719Mar 4, 2026Close96.563Mar 11, 2026Close96.281Mar 18, 2026Close96.000Mar 25, 2026Close95.719Apr 1, 2026Close95.844Apr 8, 2026Close95.969Apr 15, 2026Close96.063Apr 22, 2026Close96.031Apr 29, 2026Close95.688May 6, 2026Close95.844May 13, 2026Close95.563May 20, 2026Close95.344May 28, 2026Close95.469Jun 4, 2026Close95.438Jun 11, 2026Close95.469Jun 18, 2026Close95.250Jun 26, 2026Close95.531Jul 6, 2026Close95.438Jul 13, 2026Close95.094Jul 20, 2026Close95.281Jul 27, 2026Close95.031Aug 3, 2026Close95.188Aug 10, 2026Close95.250Aug 17, 2026Close95.406Aug 24, 2026Close95.313Aug 31, 2026Close95.125Sep 8, 2026Close95.031Sep 9, 2026Close94.938
The most recent 20 trading days of prices for 91282CEE7.
DateBidOfferClose
Sep 9, 202694.95394.93894.938
Sep 8, 202695.04795.03195.031
Sep 4, 202695.09495.06395.063
Sep 3, 202695.17295.15695.125
Sep 2, 202695.04795.03195.031
Sep 1, 202695.07895.06395.000
Aug 31, 202695.14195.12595.125
Aug 28, 202695.17295.15695.094
Aug 27, 202695.42295.40695.344
Aug 26, 202695.42295.40695.375
Aug 25, 202695.45395.43895.438
Aug 24, 202695.35995.34495.313
Aug 21, 202695.31395.28195.313
Aug 20, 202695.42295.40695.406
Aug 19, 202695.42295.40695.438
Aug 18, 202695.43895.40695.406
Aug 17, 202695.45395.43895.406
Aug 14, 202695.48495.46995.438
Aug 13, 202695.50095.46995.500
Aug 12, 202695.39195.37595.344

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 91282CEE7.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Mar 29, 2022Mar 31, 2022New issue$47.0bn$55.7bn2.44x2.499%

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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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.