Treasury note

91282CEV9 · 3.25% due June 30, 2029

Original term
7-Year
Maturity
Jun 30, 2029
Coupon
3.250%
Pays
Semi-Annual
Dated
Jun 30, 2022
First coupon
Dec 31, 2022
Priced through
Sep 9, 2026
Analyzed through
Sep 9, 2026

Statement of August 31, 2026

Amount outstanding
$42.97bn
Held stripped
$292.0m
Share stripped
0.68%

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
4.507%
Modified duration
2.625 yr
DV01
0.0256
Convexity
8.374
Dirty price
97.355

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 2.683 years against a modified duration of 2.625.

Against the fitted curve

Priced 1.3 bp rich to the curve on that day, 3.32 cents per 100 of face.

That is -0.85 standard deviations from its own typical residual.

Yield to maturity, 1,050 observations

2.50%3.00%3.50%4.00%4.50%5.00%5.50%Jun 30, 2022Sep 9, 2026Jun 30, 2022Yield to maturity3.035%Jul 8, 2022Yield to maturity3.159%Jul 15, 2022Yield to maturity3.029%Jul 22, 2022Yield to maturity2.855%Jul 29, 2022Yield to maturity2.706%Aug 5, 2022Yield to maturity2.912%Aug 12, 2022Yield to maturity2.921%Aug 19, 2022Yield to maturity3.071%Aug 26, 2022Yield to maturity3.178%Sep 2, 2022Yield to maturity3.317%Sep 12, 2022Yield to maturity3.478%Sep 19, 2022Yield to maturity3.648%Sep 26, 2022Yield to maturity4.098%Oct 3, 2022Yield to maturity3.844%Oct 11, 2022Yield to maturity4.114%Oct 18, 2022Yield to maturity4.178%Oct 25, 2022Yield to maturity4.219%Nov 1, 2022Yield to maturity4.238%Nov 8, 2022Yield to maturity4.281%Nov 16, 2022Yield to maturity3.815%Nov 23, 2022Yield to maturity3.872%Dec 1, 2022Yield to maturity3.665%Dec 8, 2022Yield to maturity3.682%Dec 15, 2022Yield to maturity3.601%Dec 22, 2022Yield to maturity3.806%Dec 30, 2022Yield to maturity4.011%Jan 9, 2023Yield to maturity3.649%Jan 17, 2023Yield to maturity3.617%Jan 24, 2023Yield to maturity3.557%Jan 31, 2023Yield to maturity3.624%Feb 7, 2023Yield to maturity3.822%Feb 14, 2023Yield to maturity3.960%Feb 22, 2023Yield to maturity4.130%Mar 1, 2023Yield to maturity4.232%Mar 8, 2023Yield to maturity4.258%Mar 15, 2023Yield to maturity3.624%Mar 22, 2023Yield to maturity3.580%Mar 29, 2023Yield to maturity3.689%Apr 5, 2023Yield to maturity3.389%Apr 12, 2023Yield to maturity3.486%Apr 19, 2023Yield to maturity3.722%Apr 26, 2023Yield to maturity3.499%May 3, 2023Yield to maturity3.414%May 10, 2023Yield to maturity3.443%May 17, 2023Yield to maturity3.623%May 24, 2023Yield to maturity3.811%Jun 1, 2023Yield to maturity3.719%Jun 8, 2023Yield to maturity3.874%Jun 15, 2023Yield to maturity3.900%Jun 23, 2023Yield to maturity3.963%Jun 30, 2023Yield to maturity4.074%Jul 10, 2023Yield to maturity4.224%Jul 17, 2023Yield to maturity3.994%Jul 24, 2023Yield to maturity4.088%Jul 31, 2023Yield to maturity4.170%Aug 7, 2023Yield to maturity4.185%Aug 14, 2023Yield to maturity4.363%Aug 21, 2023Yield to maturity4.474%Aug 28, 2023Yield to maturity4.389%Sep 5, 2023Yield to maturity4.405%Sep 12, 2023Yield to maturity4.428%Sep 19, 2023Yield to maturity4.541%Sep 26, 2023Yield to maturity4.675%Oct 3, 2023Yield to maturity4.870%Oct 11, 2023Yield to maturity4.651%Oct 18, 2023Yield to maturity4.987%Oct 25, 2023Yield to maturity4.993%Nov 1, 2023Yield to maturity4.764%Nov 8, 2023Yield to maturity4.576%Nov 15, 2023Yield to maturity4.580%Nov 22, 2023Yield to maturity4.492%Nov 30, 2023Yield to maturity4.384%Dec 7, 2023Yield to maturity4.171%Dec 14, 2023Yield to maturity3.953%Dec 21, 2023Yield to maturity3.929%Dec 29, 2023Yield to maturity3.894%Jan 8, 2024Yield to maturity4.007%Jan 16, 2024Yield to maturity3.996%Jan 23, 2024Yield to maturity4.084%Jan 30, 2024Yield to maturity4.034%Feb 6, 2024Yield to maturity4.070%Feb 13, 2024Yield to maturity4.335%Feb 21, 2024Yield to maturity4.325%Feb 28, 2024Yield to maturity4.301%Mar 6, 2024Yield to maturity4.148%Mar 13, 2024Yield to maturity4.219%Mar 20, 2024Yield to maturity4.277%Mar 27, 2024Yield to maturity4.212%Apr 3, 2024Yield to maturity4.361%Apr 10, 2024Yield to maturity4.624%Apr 17, 2024Yield to maturity4.643%Apr 24, 2024Yield to maturity4.683%May 1, 2024Yield to maturity4.667%May 8, 2024Yield to maturity4.529%May 15, 2024Yield to maturity4.377%May 22, 2024Yield to maturity4.481%May 30, 2024Yield to maturity4.601%Jun 6, 2024Yield to maturity4.318%Jun 13, 2024Yield to maturity4.265%Jun 21, 2024Yield to maturity4.291%Jun 28, 2024Yield to maturity4.367%Jul 8, 2024Yield to maturity4.263%Jul 15, 2024Yield to maturity4.158%Jul 22, 2024Yield to maturity4.197%Jul 29, 2024Yield to maturity4.085%Aug 5, 2024Yield to maturity3.650%Aug 12, 2024Yield to maturity3.780%Aug 19, 2024Yield to maturity3.782%Aug 26, 2024Yield to maturity3.697%Sep 3, 2024Yield to maturity3.692%Sep 10, 2024Yield to maturity3.470%Sep 17, 2024Yield to maturity3.471%Sep 24, 2024Yield to maturity3.500%Oct 1, 2024Yield to maturity3.538%Oct 8, 2024Yield to maturity3.892%Oct 16, 2024Yield to maturity3.865%Oct 23, 2024Yield to maturity4.077%Oct 30, 2024Yield to maturity4.164%Nov 6, 2024Yield to maturity4.298%Nov 14, 2024Yield to maturity4.349%Nov 21, 2024Yield to maturity4.322%Nov 29, 2024Yield to maturity4.103%Dec 6, 2024Yield to maturity4.060%Dec 13, 2024Yield to maturity4.274%Dec 20, 2024Yield to maturity4.381%Dec 30, 2024Yield to maturity4.370%Jan 7, 2025Yield to maturity4.455%Jan 14, 2025Yield to maturity4.589%Jan 22, 2025Yield to maturity4.433%Jan 29, 2025Yield to maturity4.349%Feb 5, 2025Yield to maturity4.248%Feb 12, 2025Yield to maturity4.488%Feb 20, 2025Yield to maturity4.346%Feb 27, 2025Yield to maturity4.107%Mar 6, 2025Yield to maturity4.069%Mar 13, 2025Yield to maturity4.024%Mar 20, 2025Yield to maturity4.003%Mar 27, 2025Yield to maturity4.080%Apr 3, 2025Yield to maturity3.731%Apr 10, 2025Yield to maturity4.004%Apr 17, 2025Yield to maturity3.908%Apr 24, 2025Yield to maturity3.886%May 1, 2025Yield to maturity3.773%May 8, 2025Yield to maturity3.967%May 15, 2025Yield to maturity4.038%May 22, 2025Yield to maturity4.075%May 30, 2025Yield to maturity3.944%Jun 6, 2025Yield to maturity4.102%Jun 13, 2025Yield to maturity3.985%Jun 23, 2025Yield to maturity3.869%Jun 30, 2025Yield to maturity3.742%Jul 8, 2025Yield to maturity3.935%Jul 15, 2025Yield to maturity3.999%Jul 22, 2025Yield to maturity3.827%Jul 29, 2025Yield to maturity3.865%Aug 5, 2025Yield to maturity3.718%Aug 12, 2025Yield to maturity3.764%Aug 19, 2025Yield to maturity3.767%Aug 26, 2025Yield to maturity3.680%Sep 3, 2025Yield to maturity3.638%Sep 10, 2025Yield to maturity3.550%Sep 17, 2025Yield to maturity3.579%Sep 24, 2025Yield to maturity3.661%Oct 1, 2025Yield to maturity3.618%Oct 8, 2025Yield to maturity3.656%Oct 16, 2025Yield to maturity3.485%Oct 23, 2025Yield to maturity3.541%Oct 30, 2025Yield to maturity3.662%Nov 6, 2025Yield to maturity3.627%Nov 14, 2025Yield to maturity3.668%Nov 21, 2025Yield to maturity3.548%Dec 1, 2025Yield to maturity3.606%Dec 8, 2025Yield to maturity3.665%Dec 15, 2025Yield to maturity3.620%Dec 22, 2025Yield to maturity3.602%Dec 30, 2025Yield to maturity3.556%Jan 7, 2026Yield to maturity3.577%Jan 14, 2026Yield to maturity3.608%Jan 22, 2026Yield to maturity3.728%Jan 29, 2026Yield to maturity3.671%Feb 5, 2026Yield to maturity3.604%Feb 12, 2026Yield to maturity3.556%Feb 20, 2026Yield to maturity3.538%Feb 27, 2026Yield to maturity3.419%Mar 6, 2026Yield to maturity3.622%Mar 13, 2026Yield to maturity3.778%Mar 20, 2026Yield to maturity3.937%Mar 27, 2026Yield to maturity3.961%Apr 3, 2026Yield to maturity3.902%Apr 10, 2026Yield to maturity3.843%Apr 17, 2026Yield to maturity3.741%Apr 24, 2026Yield to maturity3.818%May 1, 2026Yield to maturity3.929%May 8, 2026Yield to maturity3.933%May 15, 2026Yield to maturity4.155%May 22, 2026Yield to maturity4.183%Jun 1, 2026Yield to maturity4.112%Jun 8, 2026Yield to maturity4.229%Jun 15, 2026Yield to maturity4.122%Jun 23, 2026Yield to maturity4.230%Jun 30, 2026Yield to maturity4.157%Jul 8, 2026Yield to maturity4.243%Jul 15, 2026Yield to maturity4.180%Jul 22, 2026Yield to maturity4.348%Jul 29, 2026Yield to maturity4.296%Aug 5, 2026Yield to maturity4.244%Aug 12, 2026Yield to maturity4.274%Aug 19, 2026Yield to maturity4.244%Aug 26, 2026Yield to maturity4.287%Sep 2, 2026Yield to maturity4.450%Sep 9, 2026Yield to maturity4.507%

Price history

1,050 trading days to Sep 9, 2026

90.092.595.097.5100.0102.5105.0Jun 30, 2022Sep 9, 2026Jun 30, 2022Close101.344Jul 8, 2022Close100.563Jul 15, 2022Close101.375Jul 22, 2022Close102.469Jul 29, 2022Close103.406Aug 5, 2022Close102.094Aug 12, 2022Close102.031Aug 19, 2022Close101.094Aug 26, 2022Close100.438Sep 2, 2022Close99.594Sep 12, 2022Close98.625Sep 19, 2022Close97.625Sep 26, 2022Close95.031Oct 3, 2022Close96.500Oct 11, 2022Close94.969Oct 18, 2022Close94.625Oct 25, 2022Close94.406Nov 1, 2022Close94.313Nov 8, 2022Close94.094Nov 16, 2022Close96.719Nov 23, 2022Close96.406Dec 1, 2022Close97.594Dec 8, 2022Close97.500Dec 15, 2022Close97.969Dec 22, 2022Close96.813Dec 30, 2022Close95.688Jan 9, 2023Close97.719Jan 17, 2023Close97.906Jan 24, 2023Close98.250Jan 31, 2023Close97.875Feb 7, 2023Close96.781Feb 14, 2023Close96.031Feb 22, 2023Close95.125Mar 1, 2023Close94.594Mar 8, 2023Close94.469Mar 15, 2023Close97.906Mar 22, 2023Close98.156Mar 29, 2023Close97.563Apr 5, 2023Close99.219Apr 12, 2023Close98.688Apr 19, 2023Close97.406Apr 26, 2023Close98.625May 3, 2023Close99.094May 10, 2023Close98.938May 17, 2023Close97.969May 24, 2023Close96.969Jun 1, 2023Close97.469Jun 8, 2023Close96.656Jun 15, 2023Close96.531Jun 23, 2023Close96.219Jun 30, 2023Close95.656Jul 10, 2023Close94.906Jul 17, 2023Close96.094Jul 24, 2023Close95.625Jul 31, 2023Close95.219Aug 7, 2023Close95.156Aug 14, 2023Close94.281Aug 21, 2023Close93.750Aug 28, 2023Close94.188Sep 5, 2023Close94.125Sep 12, 2023Close94.031Sep 19, 2023Close93.500Sep 26, 2023Close92.875Oct 3, 2023Close91.969Oct 11, 2023Close93.031Oct 18, 2023Close91.469Oct 25, 2023Close91.469Nov 1, 2023Close92.563Nov 8, 2023Close93.469Nov 15, 2023Close93.469Nov 22, 2023Close93.906Nov 30, 2023Close94.438Dec 7, 2023Close95.469Dec 14, 2023Close96.531Dec 21, 2023Close96.656Dec 29, 2023Close96.844Jan 8, 2024Close96.313Jan 16, 2024Close96.375Jan 23, 2024Close95.969Jan 30, 2024Close96.219Feb 6, 2024Close96.063Feb 13, 2024Close94.844Feb 21, 2024Close94.906Feb 28, 2024Close95.031Mar 6, 2024Close95.750Mar 13, 2024Close95.438Mar 20, 2024Close95.188Mar 27, 2024Close95.500Apr 3, 2024Close94.844Apr 10, 2024Close93.688Apr 17, 2024Close93.625Apr 24, 2024Close93.469May 1, 2024Close93.563May 8, 2024Close94.188May 15, 2024Close94.875May 22, 2024Close94.438May 30, 2024Close93.938Jun 6, 2024Close95.188Jun 13, 2024Close95.438Jun 21, 2024Close95.344Jun 28, 2024Close95.031Jul 8, 2024Close95.500Jul 15, 2024Close95.969Jul 22, 2024Close95.813Jul 29, 2024Close96.313Aug 5, 2024Close98.219Aug 12, 2024Close97.656Aug 19, 2024Close97.656Aug 26, 2024Close98.031Sep 3, 2024Close98.063Sep 10, 2024Close99.031Sep 17, 2024Close99.031Sep 24, 2024Close98.906Oct 1, 2024Close98.750Oct 8, 2024Close97.250Oct 16, 2024Close97.375Oct 23, 2024Close96.500Oct 30, 2024Close96.156Nov 6, 2024Close95.625Nov 14, 2024Close95.438Nov 21, 2024Close95.563Nov 29, 2024Close96.469Dec 6, 2024Close96.656Dec 13, 2024Close95.813Dec 20, 2024Close95.406Dec 30, 2024Close95.469Jan 7, 2025Close95.156Jan 14, 2025Close94.656Jan 22, 2025Close95.281Jan 29, 2025Close95.625Feb 5, 2025Close96.031Feb 12, 2025Close95.125Feb 20, 2025Close95.688Feb 27, 2025Close96.625Mar 6, 2025Close96.781Mar 13, 2025Close96.969Mar 20, 2025Close97.063Mar 27, 2025Close96.781Apr 3, 2025Close98.125Apr 10, 2025Close97.094Apr 17, 2025Close97.469Apr 24, 2025Close97.563May 1, 2025Close98.000May 8, 2025Close97.281May 15, 2025Close97.031May 22, 2025Close96.906May 30, 2025Close97.406Jun 6, 2025Close96.844Jun 13, 2025Close97.281Jun 23, 2025Close97.719Jun 30, 2025Close98.188Jul 8, 2025Close97.500Jul 15, 2025Close97.281Jul 22, 2025Close97.906Jul 29, 2025Close97.781Aug 5, 2025Close98.313Aug 12, 2025Close98.156Aug 19, 2025Close98.156Aug 26, 2025Close98.469Sep 3, 2025Close98.625Sep 10, 2025Close98.938Sep 17, 2025Close98.844Sep 24, 2025Close98.563Oct 1, 2025Close98.719Oct 8, 2025Close98.594Oct 16, 2025Close99.188Oct 23, 2025Close99.000Oct 30, 2025Close98.594Nov 6, 2025Close98.719Nov 14, 2025Close98.594Nov 21, 2025Close99.000Dec 1, 2025Close98.813Dec 8, 2025Close98.625Dec 15, 2025Close98.781Dec 22, 2025Close98.844Dec 30, 2025Close99.000Jan 7, 2026Close98.938Jan 14, 2026Close98.844Jan 22, 2026Close98.469Jan 29, 2026Close98.656Feb 5, 2026Close98.875Feb 12, 2026Close99.031Feb 20, 2026Close99.094Feb 27, 2026Close99.469Mar 6, 2026Close98.844Mar 13, 2026Close98.375Mar 20, 2026Close97.906Mar 27, 2026Close97.844Apr 3, 2026Close98.031Apr 10, 2026Close98.219Apr 17, 2026Close98.531Apr 24, 2026Close98.313May 1, 2026Close98.000May 8, 2026Close98.000May 15, 2026Close97.375May 22, 2026Close97.313Jun 1, 2026Close97.531Jun 8, 2026Close97.219Jun 15, 2026Close97.531Jun 23, 2026Close97.250Jun 30, 2026Close97.469Jul 8, 2026Close97.250Jul 15, 2026Close97.438Jul 22, 2026Close97.000Jul 29, 2026Close97.156Aug 5, 2026Close97.313Aug 12, 2026Close97.250Aug 19, 2026Close97.344Aug 26, 2026Close97.250Sep 2, 2026Close96.844Sep 9, 2026Close96.719
The most recent 20 trading days of prices for 91282CEV9.
DateBidOfferClose
Sep 9, 202696.73496.71996.719
Sep 8, 202696.85996.84496.813
Sep 4, 202696.90696.87596.844
Sep 3, 202697.01697.00096.938
Sep 2, 202696.84496.81396.844
Sep 1, 202696.89196.87596.813
Aug 31, 202696.98496.96996.969
Aug 28, 202697.03197.00096.938
Aug 27, 202697.28197.25097.219
Aug 26, 202697.28197.25097.250
Aug 25, 202697.32897.31397.313
Aug 24, 202697.23497.21997.188
Aug 21, 202697.17297.15697.188
Aug 20, 202697.29797.28197.281
Aug 19, 202697.31397.28197.344
Aug 18, 202697.32897.31397.313
Aug 17, 202697.35997.34497.313
Aug 14, 202697.39197.37597.313
Aug 13, 202697.42297.40697.406
Aug 12, 202697.29797.28197.250

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 91282CEV9.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Jun 28, 2022Jun 30, 2022New issue$40.0bn$43.1bn2.48x3.280%

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.