Treasury note

91282CFB2 · 2.75% due July 31, 2027

Original term
5-Year
Maturity
Jul 31, 2027
Coupon
2.750%
Pays
Semi-Annual
Dated
Jul 31, 2022
First coupon
Jan 31, 2023
Priced through
Sep 9, 2026
Analyzed through
Sep 9, 2026

Statement of August 31, 2026

Amount outstanding
$48.89bn
Held stripped
$11.2m
Share stripped
0.02%

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
4.231%
Modified duration
0.863 yr
DV01
0.0086
Convexity
1.172
Dirty price
99.025

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 0.881 years against a modified duration of 0.863.

Against the fitted curve

Priced 3.2 bp cheap to the curve on that day, 2.76 cents per 100 of face.

That is 1.04 standard deviations from its own typical residual.

Yield to maturity, 1,029 observations

2.50%3.00%3.50%4.00%4.50%5.00%5.50%Aug 1, 2022Sep 9, 2026Aug 1, 2022Yield to maturity2.656%Aug 8, 2022Yield to maturity2.913%Aug 15, 2022Yield to maturity2.913%Aug 22, 2022Yield to maturity3.170%Aug 29, 2022Yield to maturity3.298%Sep 6, 2022Yield to maturity3.456%Sep 13, 2022Yield to maturity3.609%Sep 20, 2022Yield to maturity3.779%Sep 27, 2022Yield to maturity4.249%Oct 4, 2022Yield to maturity3.875%Oct 12, 2022Yield to maturity4.148%Oct 19, 2022Yield to maturity4.389%Oct 26, 2022Yield to maturity4.242%Nov 2, 2022Yield to maturity4.339%Nov 9, 2022Yield to maturity4.307%Nov 17, 2022Yield to maturity3.970%Nov 25, 2022Yield to maturity3.931%Dec 2, 2022Yield to maturity3.738%Dec 9, 2022Yield to maturity3.825%Dec 16, 2022Yield to maturity3.677%Dec 23, 2022Yield to maturity3.911%Jan 3, 2023Yield to maturity3.987%Jan 10, 2023Yield to maturity3.782%Jan 18, 2023Yield to maturity3.486%Jan 25, 2023Yield to maturity3.612%Feb 1, 2023Yield to maturity3.538%Feb 8, 2023Yield to maturity3.894%Feb 15, 2023Yield to maturity4.121%Feb 23, 2023Yield to maturity4.208%Mar 2, 2023Yield to maturity4.418%Mar 9, 2023Yield to maturity4.334%Mar 16, 2023Yield to maturity3.829%Mar 23, 2023Yield to maturity3.482%Mar 30, 2023Yield to maturity3.757%Apr 6, 2023Yield to maturity3.448%Apr 13, 2023Yield to maturity3.588%Apr 20, 2023Yield to maturity3.729%Apr 27, 2023Yield to maturity3.693%May 4, 2023Yield to maturity3.363%May 11, 2023Yield to maturity3.439%May 18, 2023Yield to maturity3.788%May 25, 2023Yield to maturity4.053%Jun 2, 2023Yield to maturity3.976%Jun 9, 2023Yield to maturity4.058%Jun 16, 2023Yield to maturity4.151%Jun 26, 2023Yield to maturity4.123%Jul 3, 2023Yield to maturity4.365%Jul 11, 2023Yield to maturity4.390%Jul 18, 2023Yield to maturity4.160%Jul 25, 2023Yield to maturity4.335%Aug 1, 2023Yield to maturity4.396%Aug 8, 2023Yield to maturity4.233%Aug 15, 2023Yield to maturity4.491%Aug 22, 2023Yield to maturity4.618%Aug 29, 2023Yield to maturity4.425%Sep 6, 2023Yield to maturity4.599%Sep 13, 2023Yield to maturity4.543%Sep 20, 2023Yield to maturity4.691%Sep 27, 2023Yield to maturity4.813%Oct 4, 2023Yield to maturity4.803%Oct 12, 2023Yield to maturity4.786%Oct 19, 2023Yield to maturity5.006%Oct 26, 2023Yield to maturity4.873%Nov 2, 2023Yield to maturity4.729%Nov 9, 2023Yield to maturity4.743%Nov 16, 2023Yield to maturity4.527%Nov 24, 2023Yield to maturity4.607%Dec 1, 2023Yield to maturity4.258%Dec 8, 2023Yield to maturity4.372%Dec 15, 2023Yield to maturity4.061%Dec 22, 2023Yield to maturity3.992%Jan 2, 2024Yield to maturity4.047%Jan 9, 2024Yield to maturity4.074%Jan 17, 2024Yield to maturity4.091%Jan 24, 2024Yield to maturity4.158%Jan 31, 2024Yield to maturity4.006%Feb 7, 2024Yield to maturity4.163%Feb 14, 2024Yield to maturity4.362%Feb 22, 2024Yield to maturity4.453%Feb 29, 2024Yield to maturity4.401%Mar 7, 2024Yield to maturity4.235%Mar 14, 2024Yield to maturity4.439%Mar 21, 2024Yield to maturity4.396%Mar 28, 2024Yield to maturity4.384%Apr 4, 2024Yield to maturity4.446%Apr 11, 2024Yield to maturity4.765%Apr 18, 2024Yield to maturity4.809%Apr 25, 2024Yield to maturity4.842%May 2, 2024Yield to maturity4.712%May 9, 2024Yield to maturity4.603%May 16, 2024Yield to maturity4.559%May 23, 2024Yield to maturity4.702%May 31, 2024Yield to maturity4.685%Jun 7, 2024Yield to maturity4.641%Jun 14, 2024Yield to maturity4.428%Jun 24, 2024Yield to maturity4.473%Jul 1, 2024Yield to maturity4.597%Jul 9, 2024Yield to maturity4.416%Jul 16, 2024Yield to maturity4.221%Jul 23, 2024Yield to maturity4.276%Jul 30, 2024Yield to maturity4.183%Aug 6, 2024Yield to maturity3.836%Aug 13, 2024Yield to maturity3.773%Aug 20, 2024Yield to maturity3.814%Aug 27, 2024Yield to maturity3.751%Sep 4, 2024Yield to maturity3.654%Sep 11, 2024Yield to maturity3.496%Sep 18, 2024Yield to maturity3.512%Sep 25, 2024Yield to maturity3.517%Oct 2, 2024Yield to maturity3.570%Oct 9, 2024Yield to maturity3.936%Oct 17, 2024Yield to maturity3.908%Oct 24, 2024Yield to maturity4.038%Oct 31, 2024Yield to maturity4.146%Nov 7, 2024Yield to maturity4.181%Nov 15, 2024Yield to maturity4.283%Nov 22, 2024Yield to maturity4.345%Dec 2, 2024Yield to maturity4.152%Dec 9, 2024Yield to maturity4.110%Dec 16, 2024Yield to maturity4.237%Dec 23, 2024Yield to maturity4.366%Dec 31, 2024Yield to maturity4.288%Jan 8, 2025Yield to maturity4.312%Jan 15, 2025Yield to maturity4.310%Jan 23, 2025Yield to maturity4.324%Jan 30, 2025Yield to maturity4.227%Feb 6, 2025Yield to maturity4.224%Feb 13, 2025Yield to maturity4.332%Feb 21, 2025Yield to maturity4.209%Feb 28, 2025Yield to maturity3.996%Mar 7, 2025Yield to maturity4.006%Mar 14, 2025Yield to maturity4.030%Mar 21, 2025Yield to maturity3.940%Mar 28, 2025Yield to maturity3.921%Apr 4, 2025Yield to maturity3.685%Apr 11, 2025Yield to maturity3.984%Apr 18, 2025Yield to maturity3.818%Apr 25, 2025Yield to maturity3.782%May 2, 2025Yield to maturity3.836%May 9, 2025Yield to maturity3.890%May 16, 2025Yield to maturity3.976%May 23, 2025Yield to maturity3.988%Jun 2, 2025Yield to maturity3.937%Jun 9, 2025Yield to maturity4.010%Jun 16, 2025Yield to maturity3.974%Jun 24, 2025Yield to maturity3.812%Jul 1, 2025Yield to maturity3.790%Jul 9, 2025Yield to maturity3.865%Jul 16, 2025Yield to maturity3.892%Jul 23, 2025Yield to maturity3.887%Jul 30, 2025Yield to maturity3.964%Aug 6, 2025Yield to maturity3.707%Aug 13, 2025Yield to maturity3.682%Aug 20, 2025Yield to maturity3.742%Aug 27, 2025Yield to maturity3.666%Sep 4, 2025Yield to maturity3.624%Sep 11, 2025Yield to maturity3.562%Sep 18, 2025Yield to maturity3.588%Sep 25, 2025Yield to maturity3.703%Oct 2, 2025Yield to maturity3.569%Oct 9, 2025Yield to maturity3.613%Oct 17, 2025Yield to maturity3.479%Oct 24, 2025Yield to maturity3.505%Oct 31, 2025Yield to maturity3.626%Nov 7, 2025Yield to maturity3.578%Nov 17, 2025Yield to maturity3.627%Nov 24, 2025Yield to maturity3.540%Dec 2, 2025Yield to maturity3.550%Dec 9, 2025Yield to maturity3.619%Dec 16, 2025Yield to maturity3.488%Dec 23, 2025Yield to maturity3.537%Dec 31, 2025Yield to maturity3.488%Jan 8, 2026Yield to maturity3.497%Jan 15, 2026Yield to maturity3.569%Jan 23, 2026Yield to maturity3.584%Jan 30, 2026Yield to maturity3.529%Feb 6, 2026Yield to maturity3.495%Feb 13, 2026Yield to maturity3.439%Feb 23, 2026Yield to maturity3.493%Mar 2, 2026Yield to maturity3.525%Mar 9, 2026Yield to maturity3.606%Mar 16, 2026Yield to maturity3.712%Mar 23, 2026Yield to maturity3.894%Mar 30, 2026Yield to maturity3.861%Apr 6, 2026Yield to maturity3.877%Apr 13, 2026Yield to maturity3.793%Apr 20, 2026Yield to maturity3.732%Apr 27, 2026Yield to maturity3.799%May 4, 2026Yield to maturity3.894%May 11, 2026Yield to maturity3.885%May 18, 2026Yield to maturity3.957%May 26, 2026Yield to maturity3.952%Jun 2, 2026Yield to maturity3.972%Jun 9, 2026Yield to maturity4.049%Jun 16, 2026Yield to maturity3.985%Jun 24, 2026Yield to maturity4.128%Jul 1, 2026Yield to maturity4.153%Jul 9, 2026Yield to maturity4.151%Jul 16, 2026Yield to maturity4.115%Jul 23, 2026Yield to maturity4.269%Jul 30, 2026Yield to maturity4.168%Aug 6, 2026Yield to maturity4.162%Aug 13, 2026Yield to maturity4.054%Aug 20, 2026Yield to maturity4.079%Aug 27, 2026Yield to maturity4.106%Sep 3, 2026Yield to maturity4.169%Sep 9, 2026Yield to maturity4.231%

Price history

1,029 trading days to Sep 9, 2026

92949698100102Aug 1, 2022Sep 9, 2026Aug 1, 2022Close100.438Aug 8, 2022Close99.250Aug 15, 2022Close99.250Aug 22, 2022Close98.094Aug 29, 2022Close97.531Sep 6, 2022Close96.844Sep 13, 2022Close96.188Sep 20, 2022Close95.469Sep 27, 2022Close93.500Oct 4, 2022Close95.094Oct 12, 2022Close93.969Oct 19, 2022Close93.000Oct 26, 2022Close93.625Nov 2, 2022Close93.250Nov 9, 2022Close93.406Nov 17, 2022Close94.813Nov 25, 2022Close95.000Dec 2, 2022Close95.813Dec 9, 2022Close95.469Dec 16, 2022Close96.094Dec 23, 2022Close95.156Jan 3, 2023Close94.875Jan 10, 2023Close95.719Jan 18, 2023Close96.938Jan 25, 2023Close96.438Feb 1, 2023Close96.750Feb 8, 2023Close95.344Feb 15, 2023Close94.469Feb 23, 2023Close94.156Mar 2, 2023Close93.375Mar 9, 2023Close93.719Mar 16, 2023Close95.688Mar 23, 2023Close97.063Mar 30, 2023Close96.000Apr 6, 2023Close97.219Apr 13, 2023Close96.688Apr 20, 2023Close96.156Apr 27, 2023Close96.313May 4, 2023Close97.594May 11, 2023Close97.313May 18, 2023Close96.000May 25, 2023Close95.031Jun 2, 2023Close95.344Jun 9, 2023Close95.063Jun 16, 2023Close94.750Jun 26, 2023Close94.875Jul 3, 2023Close94.031Jul 11, 2023Close93.969Jul 18, 2023Close94.813Jul 25, 2023Close94.219Aug 1, 2023Close94.031Aug 8, 2023Close94.625Aug 15, 2023Close93.750Aug 22, 2023Close93.344Aug 29, 2023Close94.031Sep 6, 2023Close93.469Sep 13, 2023Close93.688Sep 20, 2023Close93.219Sep 27, 2023Close92.844Oct 4, 2023Close92.906Oct 12, 2023Close93.000Oct 19, 2023Close92.313Oct 26, 2023Close92.781Nov 2, 2023Close93.281Nov 9, 2023Close93.281Nov 16, 2023Close94.000Nov 24, 2023Close93.781Dec 1, 2023Close94.938Dec 8, 2023Close94.594Dec 15, 2023Close95.625Dec 22, 2023Close95.875Jan 2, 2024Close95.719Jan 9, 2024Close95.656Jan 17, 2024Close95.625Jan 24, 2024Close95.438Jan 31, 2024Close95.938Feb 7, 2024Close95.469Feb 14, 2024Close94.875Feb 22, 2024Close94.625Feb 29, 2024Close94.813Mar 7, 2024Close95.344Mar 14, 2024Close94.750Mar 21, 2024Close94.906Mar 28, 2024Close94.969Apr 4, 2024Close94.813Apr 11, 2024Close93.906Apr 18, 2024Close93.813Apr 25, 2024Close93.750May 2, 2024Close94.156May 9, 2024Close94.500May 16, 2024Close94.656May 23, 2024Close94.281May 31, 2024Close94.375Jun 7, 2024Close94.531Jun 14, 2024Close95.156Jun 24, 2024Close95.063Jul 1, 2024Close94.750Jul 9, 2024Close95.281Jul 16, 2024Close95.844Jul 23, 2024Close95.719Jul 30, 2024Close96.000Aug 6, 2024Close96.969Aug 13, 2024Close97.156Aug 20, 2024Close97.063Aug 27, 2024Close97.250Sep 4, 2024Close97.531Sep 11, 2024Close97.969Sep 18, 2024Close97.938Sep 25, 2024Close97.938Oct 2, 2024Close97.813Oct 9, 2024Close96.875Oct 17, 2024Close96.969Oct 24, 2024Close96.656Oct 31, 2024Close96.406Nov 7, 2024Close96.344Nov 15, 2024Close96.125Nov 22, 2024Close96.000Dec 2, 2024Close96.500Dec 9, 2024Close96.625Dec 16, 2024Close96.344Dec 23, 2024Close96.063Dec 31, 2024Close96.281Jan 8, 2025Close96.250Jan 15, 2025Close96.281Jan 23, 2025Close96.281Jan 30, 2025Close96.531Feb 6, 2025Close96.563Feb 13, 2025Close96.344Feb 21, 2025Close96.656Feb 28, 2025Close97.156Mar 7, 2025Close97.156Mar 14, 2025Close97.125Mar 21, 2025Close97.344Mar 28, 2025Close97.406Apr 4, 2025Close97.938Apr 11, 2025Close97.313Apr 18, 2025Close97.688Apr 25, 2025Close97.781May 2, 2025Close97.688May 9, 2025Close97.594May 16, 2025Close97.438May 23, 2025Close97.438Jun 2, 2025Close97.563Jun 9, 2025Close97.438Jun 16, 2025Close97.531Jun 24, 2025Close97.875Jul 1, 2025Close97.938Jul 9, 2025Close97.813Jul 16, 2025Close97.781Jul 23, 2025Close97.813Jul 30, 2025Close97.688Aug 6, 2025Close98.188Aug 13, 2025Close98.250Aug 20, 2025Close98.156Aug 27, 2025Close98.313Sep 4, 2025Close98.406Sep 11, 2025Close98.531Sep 18, 2025Close98.500Sep 25, 2025Close98.313Oct 2, 2025Close98.563Oct 9, 2025Close98.500Oct 17, 2025Close98.750Oct 24, 2025Close98.719Oct 31, 2025Close98.531Nov 7, 2025Close98.625Nov 17, 2025Close98.563Nov 24, 2025Close98.719Dec 2, 2025Close98.719Dec 9, 2025Close98.625Dec 16, 2025Close98.844Dec 23, 2025Close98.781Dec 31, 2025Close98.875Jan 8, 2026Close98.875Jan 15, 2026Close98.781Jan 23, 2026Close98.781Jan 30, 2026Close98.875Feb 6, 2026Close98.938Feb 13, 2026Close99.031Feb 23, 2026Close98.969Mar 2, 2026Close98.938Mar 9, 2026Close98.844Mar 16, 2026Close98.719Mar 23, 2026Close98.500Mar 30, 2026Close98.563Apr 6, 2026Close98.563Apr 13, 2026Close98.688Apr 20, 2026Close98.781Apr 27, 2026Close98.719May 4, 2026Close98.625May 11, 2026Close98.656May 18, 2026Close98.594May 26, 2026Close98.625Jun 2, 2026Close98.625Jun 9, 2026Close98.563Jun 16, 2026Close98.656Jun 24, 2026Close98.531Jul 1, 2026Close98.531Jul 9, 2026Close98.563Jul 16, 2026Close98.625Jul 23, 2026Close98.500Jul 30, 2026Close98.625Aug 6, 2026Close98.656Aug 13, 2026Close98.781Aug 20, 2026Close98.781Aug 27, 2026Close98.781Sep 3, 2026Close98.750Sep 9, 2026Close98.719
The most recent 20 trading days of prices for 91282CFB2.
DateBidOfferClose
Sep 9, 202698.75098.71998.719
Sep 8, 202698.73498.71998.750
Sep 4, 202698.73498.71998.719
Sep 3, 202698.76698.75098.750
Sep 2, 202698.70398.68898.688
Sep 1, 202698.68898.68898.688
Aug 31, 202698.70398.68898.688
Aug 28, 202698.70398.68898.688
Aug 27, 202698.79798.78198.781
Aug 26, 202698.79798.78198.781
Aug 25, 202698.79798.78198.781
Aug 24, 202698.78198.78198.750
Aug 21, 202698.79798.78198.781
Aug 20, 202698.79798.78198.781
Aug 19, 202698.79798.78198.781
Aug 18, 202698.79798.78198.781
Aug 17, 202698.79798.78198.781
Aug 14, 202698.79798.78198.781
Aug 13, 202698.79798.78198.781
Aug 12, 202698.73498.71998.719

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 91282CFB2.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Jul 26, 2022Aug 1, 2022New issue$46.0bn$50.0bn2.46x2.860%

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.