Treasury note

91282CFC0 · 2.625% due July 31, 2029

Original term
7-Year
Maturity
Jul 31, 2029
Coupon
2.625%
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
$39.10bn
Held stripped
$43.2m
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
4.513%
Modified duration
2.728 yr
DV01
0.0260
Convexity
8.943
Dirty price
95.230

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 2.789 years against a modified duration of 2.728.

Against the fitted curve

Priced 1.6 bp rich to the curve on that day, 4.05 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 maturity2.645%Aug 8, 2022Yield to maturity2.854%Aug 15, 2022Yield to maturity2.864%Aug 22, 2022Yield to maturity3.124%Aug 29, 2022Yield to maturity3.234%Sep 6, 2022Yield to maturity3.430%Sep 13, 2022Yield to maturity3.543%Sep 20, 2022Yield to maturity3.707%Sep 27, 2022Yield to maturity4.161%Oct 4, 2022Yield to maturity3.772%Oct 12, 2022Yield to maturity4.074%Oct 19, 2022Yield to maturity4.297%Oct 26, 2022Yield to maturity4.160%Nov 2, 2022Yield to maturity4.255%Nov 9, 2022Yield to maturity4.248%Nov 17, 2022Yield to maturity3.902%Nov 25, 2022Yield to maturity3.812%Dec 2, 2022Yield to maturity3.648%Dec 9, 2022Yield to maturity3.723%Dec 16, 2022Yield to maturity3.598%Dec 23, 2022Yield to maturity3.859%Jan 3, 2023Yield to maturity3.919%Jan 10, 2023Yield to maturity3.708%Jan 18, 2023Yield to maturity3.426%Jan 25, 2023Yield to maturity3.534%Feb 1, 2023Yield to maturity3.459%Feb 8, 2023Yield to maturity3.777%Feb 15, 2023Yield to maturity3.981%Feb 23, 2023Yield to maturity4.073%Mar 2, 2023Yield to maturity4.284%Mar 9, 2023Yield to maturity4.146%Mar 16, 2023Yield to maturity3.718%Mar 23, 2023Yield to maturity3.441%Mar 30, 2023Yield to maturity3.655%Apr 6, 2023Yield to maturity3.377%Apr 13, 2023Yield to maturity3.522%Apr 20, 2023Yield to maturity3.635%Apr 27, 2023Yield to maturity3.620%May 4, 2023Yield to maturity3.351%May 11, 2023Yield to maturity3.399%May 18, 2023Yield to maturity3.711%May 25, 2023Yield to maturity3.922%Jun 2, 2023Yield to maturity3.832%Jun 9, 2023Yield to maturity3.901%Jun 16, 2023Yield to maturity3.954%Jun 26, 2023Yield to maturity3.915%Jul 3, 2023Yield to maturity4.115%Jul 11, 2023Yield to maturity4.194%Jul 18, 2023Yield to maturity3.970%Jul 25, 2023Yield to maturity4.123%Aug 1, 2023Yield to maturity4.221%Aug 8, 2023Yield to maturity4.113%Aug 15, 2023Yield to maturity4.363%Aug 22, 2023Yield to maturity4.483%Aug 29, 2023Yield to maturity4.271%Sep 6, 2023Yield to maturity4.443%Sep 13, 2023Yield to maturity4.397%Sep 20, 2023Yield to maturity4.525%Sep 27, 2023Yield to maturity4.728%Oct 4, 2023Yield to maturity4.781%Oct 12, 2023Yield to maturity4.755%Oct 19, 2023Yield to maturity5.023%Oct 26, 2023Yield to maturity4.895%Nov 2, 2023Yield to maturity4.714%Nov 9, 2023Yield to maturity4.710%Nov 16, 2023Yield to maturity4.493%Nov 24, 2023Yield to maturity4.542%Dec 1, 2023Yield to maturity4.216%Dec 8, 2023Yield to maturity4.294%Dec 15, 2023Yield to maturity3.957%Dec 22, 2023Yield to maturity3.923%Jan 2, 2024Yield to maturity3.974%Jan 9, 2024Yield to maturity4.017%Jan 17, 2024Yield to maturity4.062%Jan 24, 2024Yield to maturity4.120%Jan 31, 2024Yield to maturity3.939%Feb 7, 2024Yield to maturity4.083%Feb 14, 2024Yield to maturity4.277%Feb 22, 2024Yield to maturity4.352%Feb 29, 2024Yield to maturity4.275%Mar 7, 2024Yield to maturity4.103%Mar 14, 2024Yield to maturity4.313%Mar 21, 2024Yield to maturity4.278%Mar 28, 2024Yield to maturity4.235%Apr 4, 2024Yield to maturity4.316%Apr 11, 2024Yield to maturity4.618%Apr 18, 2024Yield to maturity4.689%Apr 25, 2024Yield to maturity4.732%May 2, 2024Yield to maturity4.588%May 9, 2024Yield to maturity4.480%May 16, 2024Yield to maturity4.415%May 23, 2024Yield to maturity4.529%May 31, 2024Yield to maturity4.539%Jun 7, 2024Yield to maturity4.466%Jun 14, 2024Yield to maturity4.242%Jun 24, 2024Yield to maturity4.292%Jul 1, 2024Yield to maturity4.465%Jul 9, 2024Yield to maturity4.261%Jul 16, 2024Yield to maturity4.108%Jul 23, 2024Yield to maturity4.171%Jul 30, 2024Yield to maturity4.061%Aug 6, 2024Yield to maturity3.756%Aug 13, 2024Yield to maturity3.710%Aug 20, 2024Yield to maturity3.728%Aug 27, 2024Yield to maturity3.688%Sep 4, 2024Yield to maturity3.599%Sep 11, 2024Yield to maturity3.480%Sep 18, 2024Yield to maturity3.505%Sep 25, 2024Yield to maturity3.552%Oct 2, 2024Yield to maturity3.577%Oct 9, 2024Yield to maturity3.927%Oct 17, 2024Yield to maturity3.925%Oct 24, 2024Yield to maturity4.058%Oct 31, 2024Yield to maturity4.170%Nov 7, 2024Yield to maturity4.198%Nov 15, 2024Yield to maturity4.315%Nov 22, 2024Yield to maturity4.321%Dec 2, 2024Yield to maturity4.112%Dec 9, 2024Yield to maturity4.094%Dec 16, 2024Yield to maturity4.264%Dec 23, 2024Yield to maturity4.452%Dec 31, 2024Yield to maturity4.390%Jan 8, 2025Yield to maturity4.445%Jan 15, 2025Yield to maturity4.452%Jan 23, 2025Yield to maturity4.444%Jan 30, 2025Yield to maturity4.307%Feb 6, 2025Yield to maturity4.281%Feb 13, 2025Yield to maturity4.393%Feb 21, 2025Yield to maturity4.257%Feb 28, 2025Yield to maturity4.036%Mar 7, 2025Yield to maturity4.083%Mar 14, 2025Yield to maturity4.080%Mar 21, 2025Yield to maturity3.997%Mar 28, 2025Yield to maturity3.962%Apr 4, 2025Yield to maturity3.706%Apr 11, 2025Yield to maturity4.130%Apr 18, 2025Yield to maturity3.921%Apr 25, 2025Yield to maturity3.852%May 2, 2025Yield to maturity3.882%May 9, 2025Yield to maturity3.963%May 16, 2025Yield to maturity4.036%May 23, 2025Yield to maturity4.052%Jun 2, 2025Yield to maturity3.981%Jun 9, 2025Yield to maturity4.064%Jun 16, 2025Yield to maturity4.002%Jun 24, 2025Yield to maturity3.821%Jul 1, 2025Yield to maturity3.809%Jul 9, 2025Yield to maturity3.876%Jul 16, 2025Yield to maturity3.934%Jul 23, 2025Yield to maturity3.896%Jul 30, 2025Yield to maturity3.928%Aug 6, 2025Yield to maturity3.706%Aug 13, 2025Yield to maturity3.711%Aug 20, 2025Yield to maturity3.751%Aug 27, 2025Yield to maturity3.650%Sep 4, 2025Yield to maturity3.594%Sep 11, 2025Yield to maturity3.545%Sep 18, 2025Yield to maturity3.621%Sep 25, 2025Yield to maturity3.715%Oct 2, 2025Yield to maturity3.621%Oct 9, 2025Yield to maturity3.680%Oct 17, 2025Yield to maturity3.532%Oct 24, 2025Yield to maturity3.546%Oct 31, 2025Yield to maturity3.651%Nov 7, 2025Yield to maturity3.619%Nov 17, 2025Yield to maturity3.662%Nov 24, 2025Yield to maturity3.546%Dec 2, 2025Yield to maturity3.580%Dec 9, 2025Yield to maturity3.697%Dec 16, 2025Yield to maturity3.589%Dec 23, 2025Yield to maturity3.642%Dec 31, 2025Yield to maturity3.610%Jan 8, 2026Yield to maturity3.625%Jan 15, 2026Yield to maturity3.669%Jan 23, 2026Yield to maturity3.716%Jan 30, 2026Yield to maturity3.663%Feb 6, 2026Yield to maturity3.629%Feb 13, 2026Yield to maturity3.487%Feb 23, 2026Yield to maturity3.481%Mar 2, 2026Yield to maturity3.526%Mar 9, 2026Yield to maturity3.611%Mar 16, 2026Yield to maturity3.717%Mar 23, 2026Yield to maturity3.887%Mar 30, 2026Yield to maturity3.883%Apr 6, 2026Yield to maturity3.911%Apr 13, 2026Yield to maturity3.825%Apr 20, 2026Yield to maturity3.758%Apr 27, 2026Yield to maturity3.849%May 4, 2026Yield to maturity4.004%May 11, 2026Yield to maturity3.991%May 18, 2026Yield to maturity4.172%May 26, 2026Yield to maturity4.117%Jun 2, 2026Yield to maturity4.115%Jun 9, 2026Yield to maturity4.201%Jun 16, 2026Yield to maturity4.099%Jun 24, 2026Yield to maturity4.154%Jul 1, 2026Yield to maturity4.197%Jul 9, 2026Yield to maturity4.208%Jul 16, 2026Yield to maturity4.207%Jul 23, 2026Yield to maturity4.400%Jul 30, 2026Yield to maturity4.307%Aug 6, 2026Yield to maturity4.318%Aug 13, 2026Yield to maturity4.223%Aug 20, 2026Yield to maturity4.280%Aug 27, 2026Yield to maturity4.302%Sep 3, 2026Yield to maturity4.419%Sep 9, 2026Yield to maturity4.513%

Price history

1,029 trading days to Sep 9, 2026

87.590.092.595.097.5100.0Aug 1, 2022Sep 9, 2026Aug 1, 2022Close99.875Aug 8, 2022Close98.563Aug 15, 2022Close98.500Aug 22, 2022Close96.906Aug 29, 2022Close96.250Sep 6, 2022Close95.094Sep 13, 2022Close94.438Sep 20, 2022Close93.500Sep 27, 2022Close90.938Oct 4, 2022Close93.156Oct 12, 2022Close91.469Oct 19, 2022Close90.250Oct 26, 2022Close91.031Nov 2, 2022Close90.531Nov 9, 2022Close90.594Nov 17, 2022Close92.531Nov 25, 2022Close93.063Dec 2, 2022Close94.000Dec 9, 2022Close93.594Dec 16, 2022Close94.313Dec 23, 2022Close92.875Jan 3, 2023Close92.563Jan 10, 2023Close93.750Jan 18, 2023Close95.344Jan 25, 2023Close94.750Feb 1, 2023Close95.188Feb 8, 2023Close93.438Feb 15, 2023Close92.344Feb 23, 2023Close91.875Mar 2, 2023Close90.781Mar 9, 2023Close91.531Mar 16, 2023Close93.844Mar 23, 2023Close95.375Mar 30, 2023Close94.219Apr 6, 2023Close95.750Apr 13, 2023Close94.969Apr 20, 2023Close94.375Apr 27, 2023Close94.469May 4, 2023Close95.938May 11, 2023Close95.688May 18, 2023Close94.031May 25, 2023Close92.938Jun 2, 2023Close93.438Jun 9, 2023Close93.094Jun 16, 2023Close92.844Jun 26, 2023Close93.063Jul 3, 2023Close92.063Jul 11, 2023Close91.688Jul 18, 2023Close92.844Jul 25, 2023Close92.094Aug 1, 2023Close91.625Aug 8, 2023Close92.188Aug 15, 2023Close90.969Aug 22, 2023Close90.406Aug 29, 2023Close91.469Sep 6, 2023Close90.656Sep 13, 2023Close90.906Sep 20, 2023Close90.313Sep 27, 2023Close89.375Oct 4, 2023Close89.156Oct 12, 2023Close89.313Oct 19, 2023Close88.094Oct 26, 2023Close88.719Nov 2, 2023Close89.594Nov 9, 2023Close89.656Nov 16, 2023Close90.688Nov 24, 2023Close90.500Dec 1, 2023Close92.063Dec 8, 2023Close91.719Dec 15, 2023Close93.344Dec 22, 2023Close93.531Jan 2, 2024Close93.313Jan 9, 2024Close93.125Jan 17, 2024Close92.938Jan 24, 2024Close92.688Jan 31, 2024Close93.563Feb 7, 2024Close92.906Feb 14, 2024Close92.031Feb 22, 2024Close91.719Feb 29, 2024Close92.094Mar 7, 2024Close92.906Mar 14, 2024Close91.969Mar 21, 2024Close92.156Mar 28, 2024Close92.375Apr 4, 2024Close92.031Apr 11, 2024Close90.719Apr 18, 2024Close90.438Apr 25, 2024Close90.281May 2, 2024Close90.938May 9, 2024Close91.438May 16, 2024Close91.750May 23, 2024Close91.281May 31, 2024Close91.281Jun 7, 2024Close91.625Jun 14, 2024Close92.625Jun 24, 2024Close92.438Jul 1, 2024Close91.719Jul 9, 2024Close92.625Jul 16, 2024Close93.313Jul 23, 2024Close93.063Jul 30, 2024Close93.563Aug 6, 2024Close94.906Aug 13, 2024Close95.125Aug 20, 2024Close95.063Aug 27, 2024Close95.250Sep 4, 2024Close95.656Sep 11, 2024Close96.188Sep 18, 2024Close96.094Sep 25, 2024Close95.906Oct 2, 2024Close95.813Oct 9, 2024Close94.344Oct 17, 2024Close94.375Oct 24, 2024Close93.844Oct 31, 2024Close93.406Nov 7, 2024Close93.313Nov 15, 2024Close92.875Nov 22, 2024Close92.875Dec 2, 2024Close93.750Dec 9, 2024Close93.844Dec 16, 2024Close93.188Dec 23, 2024Close92.469Dec 31, 2024Close92.750Jan 8, 2025Close92.563Jan 15, 2025Close92.563Jan 23, 2025Close92.625Jan 30, 2025Close93.188Feb 6, 2025Close93.313Feb 13, 2025Close92.906Feb 21, 2025Close93.469Feb 28, 2025Close94.344Mar 7, 2025Close94.188Mar 14, 2025Close94.219Mar 21, 2025Close94.563Mar 28, 2025Close94.719Apr 4, 2025Close95.719Apr 11, 2025Close94.125Apr 18, 2025Close94.938Apr 25, 2025Close95.219May 2, 2025Close95.125May 9, 2025Close94.844May 16, 2025Close94.594May 23, 2025Close94.563Jun 2, 2025Close94.844Jun 9, 2025Close94.563Jun 16, 2025Close94.813Jun 24, 2025Close95.500Jul 1, 2025Close95.563Jul 9, 2025Close95.344Jul 16, 2025Close95.156Jul 23, 2025Close95.313Jul 30, 2025Close95.219Aug 6, 2025Close96.031Aug 13, 2025Close96.031Aug 20, 2025Close95.906Aug 27, 2025Close96.281Sep 4, 2025Close96.500Sep 11, 2025Close96.688Sep 18, 2025Close96.438Sep 25, 2025Close96.125Oct 2, 2025Close96.469Oct 9, 2025Close96.281Oct 17, 2025Close96.813Oct 24, 2025Close96.781Oct 31, 2025Close96.438Nov 7, 2025Close96.563Nov 17, 2025Close96.438Nov 24, 2025Close96.844Dec 2, 2025Close96.750Dec 9, 2025Close96.375Dec 16, 2025Close96.750Dec 23, 2025Close96.594Dec 31, 2025Close96.719Jan 8, 2026Close96.688Jan 15, 2026Close96.563Jan 23, 2026Close96.438Jan 30, 2026Close96.625Feb 6, 2026Close96.750Feb 13, 2026Close97.219Feb 23, 2026Close97.250Mar 2, 2026Close97.125Mar 9, 2026Close96.875Mar 16, 2026Close96.563Mar 23, 2026Close96.063Mar 30, 2026Close96.094Apr 6, 2026Close96.031Apr 13, 2026Close96.313Apr 20, 2026Close96.531Apr 27, 2026Close96.281May 4, 2026Close95.844May 11, 2026Close95.906May 18, 2026Close95.406May 26, 2026Close95.594Jun 2, 2026Close95.625Jun 9, 2026Close95.406Jun 16, 2026Close95.719Jun 24, 2026Close95.594Jul 1, 2026Close95.500Jul 9, 2026Close95.500Jul 16, 2026Close95.531Jul 23, 2026Close95.031Jul 30, 2026Close95.313Aug 6, 2026Close95.313Aug 13, 2026Close95.594Aug 20, 2026Close95.469Aug 27, 2026Close95.438Sep 3, 2026Close95.156Sep 9, 2026Close94.938
The most recent 20 trading days of prices for 91282CFC0.
DateBidOfferClose
Sep 9, 202694.95394.93894.938
Sep 8, 202695.07895.06395.031
Sep 4, 202695.12595.09495.063
Sep 3, 202695.21995.18895.156
Sep 2, 202695.06395.03195.031
Sep 1, 202695.10995.09495.031
Aug 31, 202695.18895.15695.156
Aug 28, 202695.23495.21995.156
Aug 27, 202695.50095.46995.438
Aug 26, 202695.48495.46995.469
Aug 25, 202695.54795.53195.531
Aug 24, 202695.45395.43895.375
Aug 21, 202695.39195.37595.375
Aug 20, 202695.50095.46995.469
Aug 19, 202695.51695.50095.531
Aug 18, 202695.53195.50095.500
Aug 17, 202695.54795.53195.500
Aug 14, 202695.60995.59495.531
Aug 13, 202695.60995.59495.594
Aug 12, 202695.50095.46995.438

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 91282CFC0.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Jul 28, 2022Aug 1, 2022New issue$38.0bn$41.3bn2.60x2.730%

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.