Treasury note

91282CEN7 · 2.75% due April 30, 2027

Original term
5-Year
Maturity
Apr 30, 2027
Coupon
2.750%
Pays
Semi-Annual
Dated
Apr 30, 2022
First coupon
Oct 31, 2022
Priced through
Sep 9, 2026
Analyzed through
Sep 9, 2026

Statement of August 31, 2026

Amount outstanding
$54.62bn
Held stripped
$62.4m
Share stripped
0.11%

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
4.098%
Modified duration
0.619 yr
DV01
0.0062
Convexity
0.690
Dirty price
100.150

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 3 of twelve buckets, summing to 0.629 years against a modified duration of 0.619.

Against the fitted curve

Priced 0.0 bp rich to the curve on that day, 0.02 cents per 100 of face.

That is 0.57 standard deviations from its own typical residual.

Yield to maturity, 1,091 observations

2.50%3.00%3.50%4.00%4.50%5.00%5.50%May 2, 2022Sep 9, 2026May 2, 2022Yield to maturity3.008%May 9, 2022Yield to maturity2.954%May 16, 2022Yield to maturity2.825%May 23, 2022Yield to maturity2.880%May 31, 2022Yield to maturity2.825%Jun 7, 2022Yield to maturity3.005%Jun 14, 2022Yield to maturity3.624%Jun 22, 2022Yield to maturity3.240%Jun 29, 2022Yield to maturity3.178%Jul 7, 2022Yield to maturity3.059%Jul 14, 2022Yield to maturity3.081%Jul 21, 2022Yield to maturity3.018%Jul 28, 2022Yield to maturity2.714%Aug 4, 2022Yield to maturity2.792%Aug 11, 2022Yield to maturity3.007%Aug 18, 2022Yield to maturity3.051%Aug 25, 2022Yield to maturity3.213%Sep 1, 2022Yield to maturity3.444%Sep 9, 2022Yield to maturity3.493%Sep 16, 2022Yield to maturity3.678%Sep 23, 2022Yield to maturity4.035%Sep 30, 2022Yield to maturity4.126%Oct 7, 2022Yield to maturity4.203%Oct 17, 2022Yield to maturity4.320%Oct 24, 2022Yield to maturity4.415%Oct 31, 2022Yield to maturity4.325%Nov 7, 2022Yield to maturity4.452%Nov 15, 2022Yield to maturity3.986%Nov 22, 2022Yield to maturity4.047%Nov 30, 2022Yield to maturity3.916%Dec 7, 2022Yield to maturity3.729%Dec 14, 2022Yield to maturity3.733%Dec 21, 2022Yield to maturity3.858%Dec 29, 2022Yield to maturity4.026%Jan 6, 2023Yield to maturity3.788%Jan 13, 2023Yield to maturity3.696%Jan 23, 2023Yield to maturity3.700%Jan 30, 2023Yield to maturity3.778%Feb 6, 2023Yield to maturity3.923%Feb 13, 2023Yield to maturity4.045%Feb 21, 2023Yield to maturity4.281%Feb 28, 2023Yield to maturity4.313%Mar 7, 2023Yield to maturity4.476%Mar 14, 2023Yield to maturity3.933%Mar 21, 2023Yield to maturity3.887%Mar 28, 2023Yield to maturity3.764%Apr 4, 2023Yield to maturity3.514%Apr 11, 2023Yield to maturity3.671%Apr 18, 2023Yield to maturity3.813%Apr 25, 2023Yield to maturity3.542%May 2, 2023Yield to maturity3.571%May 9, 2023Yield to maturity3.610%May 16, 2023Yield to maturity3.631%May 23, 2023Yield to maturity3.890%May 31, 2023Yield to maturity3.923%Jun 7, 2023Yield to maturity4.090%Jun 14, 2023Yield to maturity4.251%Jun 22, 2023Yield to maturity4.231%Jun 29, 2023Yield to maturity4.339%Jul 7, 2023Yield to maturity4.528%Jul 14, 2023Yield to maturity4.227%Jul 21, 2023Yield to maturity4.291%Jul 28, 2023Yield to maturity4.383%Aug 4, 2023Yield to maturity4.315%Aug 11, 2023Yield to maturity4.466%Aug 18, 2023Yield to maturity4.532%Aug 25, 2023Yield to maturity4.618%Sep 1, 2023Yield to maturity4.463%Sep 11, 2023Yield to maturity4.579%Sep 18, 2023Yield to maturity4.648%Sep 25, 2023Yield to maturity4.767%Oct 2, 2023Yield to maturity4.837%Oct 10, 2023Yield to maturity4.719%Oct 17, 2023Yield to maturity4.972%Oct 24, 2023Yield to maturity4.882%Oct 31, 2023Yield to maturity4.883%Nov 7, 2023Yield to maturity4.638%Nov 14, 2023Yield to maturity4.525%Nov 21, 2023Yield to maturity4.534%Nov 29, 2023Yield to maturity4.350%Dec 6, 2023Yield to maturity4.276%Dec 13, 2023Yield to maturity4.140%Dec 20, 2023Yield to maturity4.024%Dec 28, 2023Yield to maturity3.990%Jan 5, 2024Yield to maturity4.136%Jan 12, 2024Yield to maturity3.914%Jan 22, 2024Yield to maturity4.131%Jan 29, 2024Yield to maturity4.075%Feb 5, 2024Yield to maturity4.244%Feb 12, 2024Yield to maturity4.252%Feb 20, 2024Yield to maturity4.382%Feb 27, 2024Yield to maturity4.480%Mar 5, 2024Yield to maturity4.313%Mar 12, 2024Yield to maturity4.344%Mar 19, 2024Yield to maturity4.477%Mar 26, 2024Yield to maturity4.409%Apr 2, 2024Yield to maturity4.521%Apr 9, 2024Yield to maturity4.554%Apr 16, 2024Yield to maturity4.843%Apr 23, 2024Yield to maturity4.774%Apr 30, 2024Yield to maturity4.892%May 7, 2024Yield to maturity4.646%May 14, 2024Yield to maturity4.622%May 21, 2024Yield to maturity4.622%May 29, 2024Yield to maturity4.815%Jun 5, 2024Yield to maturity4.527%Jun 12, 2024Yield to maturity4.538%Jun 20, 2024Yield to maturity4.491%Jun 27, 2024Yield to maturity4.526%Jul 5, 2024Yield to maturity4.420%Jul 12, 2024Yield to maturity4.259%Jul 19, 2024Yield to maturity4.318%Jul 26, 2024Yield to maturity4.229%Aug 2, 2024Yield to maturity3.743%Aug 9, 2024Yield to maturity3.936%Aug 16, 2024Yield to maturity3.919%Aug 23, 2024Yield to maturity3.776%Aug 30, 2024Yield to maturity3.835%Sep 9, 2024Yield to maturity3.562%Sep 16, 2024Yield to maturity3.466%Sep 23, 2024Yield to maturity3.510%Sep 30, 2024Yield to maturity3.606%Oct 7, 2024Yield to maturity3.940%Oct 15, 2024Yield to maturity3.897%Oct 22, 2024Yield to maturity3.999%Oct 29, 2024Yield to maturity4.090%Nov 5, 2024Yield to maturity4.168%Nov 13, 2024Yield to maturity4.263%Nov 20, 2024Yield to maturity4.288%Nov 27, 2024Yield to maturity4.203%Dec 5, 2024Yield to maturity4.130%Dec 12, 2024Yield to maturity4.183%Dec 19, 2024Yield to maturity4.338%Dec 27, 2024Yield to maturity4.341%Jan 6, 2025Yield to maturity4.297%Jan 13, 2025Yield to maturity4.428%Jan 21, 2025Yield to maturity4.295%Jan 28, 2025Yield to maturity4.218%Feb 4, 2025Yield to maturity4.230%Feb 11, 2025Yield to maturity4.304%Feb 19, 2025Yield to maturity4.288%Feb 26, 2025Yield to maturity4.069%Mar 5, 2025Yield to maturity4.003%Mar 12, 2025Yield to maturity3.999%Mar 19, 2025Yield to maturity3.978%Mar 26, 2025Yield to maturity4.022%Apr 2, 2025Yield to maturity3.921%Apr 9, 2025Yield to maturity3.932%Apr 16, 2025Yield to maturity3.796%Apr 23, 2025Yield to maturity3.888%Apr 30, 2025Yield to maturity3.617%May 7, 2025Yield to maturity3.792%May 14, 2025Yield to maturity4.073%May 21, 2025Yield to maturity4.017%May 29, 2025Yield to maturity3.979%Jun 5, 2025Yield to maturity3.956%Jun 12, 2025Yield to maturity3.932%Jun 20, 2025Yield to maturity3.931%Jun 27, 2025Yield to maturity3.780%Jul 7, 2025Yield to maturity3.938%Jul 14, 2025Yield to maturity3.932%Jul 21, 2025Yield to maturity3.889%Jul 28, 2025Yield to maturity3.957%Aug 4, 2025Yield to maturity3.723%Aug 11, 2025Yield to maturity3.791%Aug 18, 2025Yield to maturity3.803%Aug 25, 2025Yield to maturity3.775%Sep 2, 2025Yield to maturity3.729%Sep 9, 2025Yield to maturity3.600%Sep 16, 2025Yield to maturity3.570%Sep 23, 2025Yield to maturity3.620%Sep 30, 2025Yield to maturity3.652%Oct 7, 2025Yield to maturity3.621%Oct 15, 2025Yield to maturity3.548%Oct 22, 2025Yield to maturity3.494%Oct 29, 2025Yield to maturity3.634%Nov 5, 2025Yield to maturity3.667%Nov 13, 2025Yield to maturity3.635%Nov 20, 2025Yield to maturity3.602%Nov 28, 2025Yield to maturity3.571%Dec 5, 2025Yield to maturity3.606%Dec 12, 2025Yield to maturity3.546%Dec 19, 2025Yield to maturity3.510%Dec 29, 2025Yield to maturity3.497%Jan 6, 2026Yield to maturity3.485%Jan 13, 2026Yield to maturity3.546%Jan 21, 2026Yield to maturity3.585%Jan 28, 2026Yield to maturity3.572%Feb 4, 2026Yield to maturity3.558%Feb 11, 2026Yield to maturity3.544%Feb 19, 2026Yield to maturity3.532%Feb 26, 2026Yield to maturity3.517%Mar 5, 2026Yield to maturity3.614%Mar 12, 2026Yield to maturity3.743%Mar 19, 2026Yield to maturity3.819%Mar 26, 2026Yield to maturity3.927%Apr 2, 2026Yield to maturity3.767%Apr 9, 2026Yield to maturity3.755%Apr 16, 2026Yield to maturity3.742%Apr 23, 2026Yield to maturity3.761%Apr 30, 2026Yield to maturity3.781%May 7, 2026Yield to maturity3.800%May 14, 2026Yield to maturity3.854%May 21, 2026Yield to maturity3.910%May 29, 2026Yield to maturity3.873%Jun 5, 2026Yield to maturity3.969%Jun 12, 2026Yield to maturity3.958%Jun 22, 2026Yield to maturity4.102%Jun 29, 2026Yield to maturity4.054%Jul 7, 2026Yield to maturity4.089%Jul 14, 2026Yield to maturity4.039%Jul 21, 2026Yield to maturity4.112%Jul 28, 2026Yield to maturity4.146%Aug 4, 2026Yield to maturity4.050%Aug 11, 2026Yield to maturity4.040%Aug 18, 2026Yield to maturity3.982%Aug 25, 2026Yield to maturity4.017%Sep 1, 2026Yield to maturity4.102%Sep 9, 2026Yield to maturity4.098%

Price history

1,091 trading days to Sep 9, 2026

92949698100102May 2, 2022Sep 9, 2026May 2, 2022Close98.813May 9, 2022Close99.063May 16, 2022Close99.656May 23, 2022Close99.406May 31, 2022Close99.656Jun 7, 2022Close98.844Jun 14, 2022Close96.125Jun 22, 2022Close97.813Jun 29, 2022Close98.094Jul 7, 2022Close98.625Jul 14, 2022Close98.531Jul 21, 2022Close98.813Jul 28, 2022Close100.156Aug 4, 2022Close99.813Aug 11, 2022Close98.875Aug 18, 2022Close98.688Aug 25, 2022Close98.000Sep 1, 2022Close97.031Sep 9, 2022Close96.844Sep 16, 2022Close96.094Sep 23, 2022Close94.656Sep 30, 2022Close94.313Oct 7, 2022Close94.031Oct 17, 2022Close93.594Oct 24, 2022Close93.250Oct 31, 2022Close93.625Nov 7, 2022Close93.156Nov 15, 2022Close95.000Nov 22, 2022Close94.781Nov 30, 2022Close95.313Dec 7, 2022Close96.063Dec 14, 2022Close96.063Dec 21, 2022Close95.594Dec 29, 2022Close94.969Jan 6, 2023Close95.906Jan 13, 2023Close96.281Jan 23, 2023Close96.281Jan 30, 2023Close96.000Feb 6, 2023Close95.469Feb 13, 2023Close95.031Feb 21, 2023Close94.188Feb 28, 2023Close94.094Mar 7, 2023Close93.531Mar 14, 2023Close95.531Mar 21, 2023Close95.719Mar 28, 2023Close96.188Apr 4, 2023Close97.125Apr 11, 2023Close96.563Apr 18, 2023Close96.063Apr 25, 2023Close97.063May 2, 2023Close96.969May 9, 2023Close96.844May 16, 2023Close96.781May 23, 2023Close95.875May 31, 2023Close95.781Jun 7, 2023Close95.219Jun 14, 2023Close94.688Jun 22, 2023Close94.781Jun 29, 2023Close94.438Jul 7, 2023Close93.844Jul 14, 2023Close94.875Jul 21, 2023Close94.688Jul 28, 2023Close94.406Aug 4, 2023Close94.656Aug 11, 2023Close94.188Aug 18, 2023Close94.000Aug 25, 2023Close93.750Sep 1, 2023Close94.281Sep 11, 2023Close93.938Sep 18, 2023Close93.750Sep 25, 2023Close93.406Oct 2, 2023Close93.219Oct 10, 2023Close93.625Oct 17, 2023Close92.875Oct 24, 2023Close93.188Oct 31, 2023Close93.219Nov 7, 2023Close94.000Nov 14, 2023Close94.375Nov 21, 2023Close94.375Nov 29, 2023Close94.969Dec 6, 2023Close95.219Dec 13, 2023Close95.656Dec 20, 2023Close96.031Dec 28, 2023Close96.156Jan 5, 2024Close95.750Jan 12, 2024Close96.438Jan 22, 2024Close95.813Jan 29, 2024Close96.000Feb 5, 2024Close95.531Feb 12, 2024Close95.531Feb 20, 2024Close95.188Feb 27, 2024Close94.938Mar 5, 2024Close95.438Mar 12, 2024Close95.375Mar 19, 2024Close95.031Mar 26, 2024Close95.250Apr 2, 2024Close94.969Apr 9, 2024Close94.906Apr 16, 2024Close94.156Apr 23, 2024Close94.375Apr 30, 2024Close94.094May 7, 2024Close94.781May 14, 2024Close94.875May 21, 2024Close94.906May 29, 2024Close94.438Jun 5, 2024Close95.219Jun 12, 2024Close95.219Jun 20, 2024Close95.375Jun 27, 2024Close95.313Jul 5, 2024Close95.625Jul 12, 2024Close96.063Jul 19, 2024Close95.938Jul 26, 2024Close96.188Aug 2, 2024Close97.438Aug 9, 2024Close96.969Aug 16, 2024Close97.031Aug 23, 2024Close97.406Aug 30, 2024Close97.281Sep 9, 2024Close97.969Sep 16, 2024Close98.219Sep 23, 2024Close98.125Sep 30, 2024Close97.906Oct 7, 2024Close97.125Oct 15, 2024Close97.250Oct 22, 2024Close97.031Oct 29, 2024Close96.844Nov 5, 2024Close96.688Nov 13, 2024Close96.500Nov 20, 2024Close96.469Nov 27, 2024Close96.688Dec 5, 2024Close96.875Dec 12, 2024Close96.781Dec 19, 2024Close96.469Dec 27, 2024Close96.500Jan 6, 2025Close96.625Jan 13, 2025Close96.375Jan 21, 2025Close96.688Jan 28, 2025Close96.875Feb 4, 2025Close96.875Feb 11, 2025Close96.750Feb 19, 2025Close96.813Feb 26, 2025Close97.281Mar 5, 2025Close97.438Mar 12, 2025Close97.469Mar 19, 2025Close97.531Mar 26, 2025Close97.469Apr 2, 2025Close97.688Apr 9, 2025Close97.688Apr 16, 2025Close97.969Apr 23, 2025Close97.813Apr 30, 2025Close98.344May 7, 2025Close98.031May 14, 2025Close97.531May 21, 2025Close97.656May 29, 2025Close97.750Jun 5, 2025Close97.813Jun 12, 2025Close97.875Jun 20, 2025Close97.906Jun 27, 2025Close98.188Jul 7, 2025Close97.938Jul 14, 2025Close97.969Jul 21, 2025Close98.063Jul 28, 2025Close97.969Aug 4, 2025Close98.375Aug 11, 2025Close98.281Aug 18, 2025Close98.281Aug 25, 2025Close98.344Sep 2, 2025Close98.438Sep 9, 2025Close98.656Sep 16, 2025Close98.719Sep 23, 2025Close98.656Sep 30, 2025Close98.625Oct 7, 2025Close98.688Oct 15, 2025Close98.813Oct 22, 2025Close98.906Oct 29, 2025Close98.719Nov 5, 2025Close98.688Nov 13, 2025Close98.750Nov 20, 2025Close98.813Nov 28, 2025Close98.875Dec 5, 2025Close98.844Dec 12, 2025Close98.938Dec 19, 2025Close99.000Dec 29, 2025Close99.031Jan 6, 2026Close99.063Jan 13, 2026Close99.000Jan 21, 2026Close98.969Jan 28, 2026Close99.000Feb 4, 2026Close99.031Feb 11, 2026Close99.063Feb 19, 2026Close99.094Feb 26, 2026Close99.125Mar 5, 2026Close99.031Mar 12, 2026Close98.906Mar 19, 2026Close98.844Mar 26, 2026Close98.750Apr 2, 2026Close98.938Apr 9, 2026Close98.969Apr 16, 2026Close99.000Apr 23, 2026Close99.000Apr 30, 2026Close99.000May 7, 2026Close99.000May 14, 2026Close98.969May 21, 2026Close98.938May 29, 2026Close99.000Jun 5, 2026Close98.938Jun 12, 2026Close98.969Jun 22, 2026Close98.875Jun 29, 2026Close98.938Jul 7, 2026Close98.938Jul 14, 2026Close99.000Jul 21, 2026Close98.969Jul 28, 2026Close98.969Aug 4, 2026Close99.063Aug 11, 2026Close99.094Aug 18, 2026Close99.156Aug 25, 2026Close99.156Sep 1, 2026Close99.125Sep 9, 2026Close99.156
The most recent 20 trading days of prices for 91282CEN7.
DateBidOfferClose
Sep 9, 202699.17299.15699.156
Sep 8, 202699.18899.18899.188
Sep 4, 202699.17299.15699.156
Sep 3, 202699.17299.15699.156
Sep 2, 202699.14199.12599.125
Sep 1, 202699.14199.12599.125
Aug 31, 202699.14199.12599.125
Aug 28, 202699.14199.12599.125
Aug 27, 202699.18899.18899.188
Aug 26, 202699.17299.15699.156
Aug 25, 202699.17299.15699.156
Aug 24, 202699.17299.15699.156
Aug 21, 202699.17299.15699.156
Aug 20, 202699.17299.15699.156
Aug 19, 202699.17299.15699.156
Aug 18, 202699.17299.15699.156
Aug 17, 202699.17299.15699.156
Aug 14, 202699.17299.15699.156
Aug 13, 202699.14199.12599.125
Aug 12, 202699.12599.12599.094

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 91282CEN7.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Apr 27, 2022May 2, 2022New issue$49.0bn$55.8bn2.41x2.785%

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.