Treasury note

91282CFF3 · 2.75% due August 15, 2032

Original term
10-Year
Maturity
Aug 15, 2032
Coupon
2.750%
Pays
Semi-Annual
Dated
Aug 15, 2022
First coupon
Feb 15, 2023
Priced through
Sep 9, 2026
Analyzed through
Sep 9, 2026

Statement of August 31, 2026

Amount outstanding
$119.42bn
Held stripped
$168.7m
Share stripped
0.14%

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
4.676%
Modified duration
5.347 yr
DV01
0.0483
Convexity
32.717
Dirty price
90.319

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 7 of twelve buckets, summing to 5.472 years against a modified duration of 5.347.

Against the fitted curve

Priced 2.3 bp cheap to the curve on that day, 11.08 cents per 100 of face.

That is 0.51 standard deviations from its own typical residual.

Yield to maturity, 1,019 observations

2.50%3.00%3.50%4.00%4.50%5.00%5.50%Aug 15, 2022Sep 9, 2026Aug 15, 2022Yield to maturity2.790%Aug 22, 2022Yield to maturity3.031%Aug 29, 2022Yield to maturity3.114%Sep 6, 2022Yield to maturity3.326%Sep 13, 2022Yield to maturity3.420%Sep 20, 2022Yield to maturity3.569%Sep 27, 2022Yield to maturity3.968%Oct 4, 2022Yield to maturity3.615%Oct 12, 2022Yield to maturity3.902%Oct 19, 2022Yield to maturity4.131%Oct 26, 2022Yield to maturity4.034%Nov 2, 2022Yield to maturity4.094%Nov 9, 2022Yield to maturity4.138%Nov 17, 2022Yield to maturity3.781%Nov 25, 2022Yield to maturity3.691%Dec 2, 2022Yield to maturity3.520%Dec 9, 2022Yield to maturity3.577%Dec 16, 2022Yield to maturity3.483%Dec 23, 2022Yield to maturity3.751%Jan 3, 2023Yield to maturity3.785%Jan 10, 2023Yield to maturity3.604%Jan 18, 2023Yield to maturity3.369%Jan 25, 2023Yield to maturity3.454%Feb 1, 2023Yield to maturity3.383%Feb 8, 2023Yield to maturity3.639%Feb 15, 2023Yield to maturity3.813%Feb 23, 2023Yield to maturity3.895%Mar 2, 2023Yield to maturity4.088%Mar 9, 2023Yield to maturity3.941%Mar 16, 2023Yield to maturity3.585%Mar 23, 2023Yield to maturity3.395%Mar 30, 2023Yield to maturity3.559%Apr 6, 2023Yield to maturity3.305%Apr 13, 2023Yield to maturity3.456%Apr 20, 2023Yield to maturity3.543%Apr 27, 2023Yield to maturity3.532%May 4, 2023Yield to maturity3.357%May 11, 2023Yield to maturity3.391%May 18, 2023Yield to maturity3.661%May 25, 2023Yield to maturity3.841%Jun 2, 2023Yield to maturity3.716%Jun 9, 2023Yield to maturity3.769%Jun 16, 2023Yield to maturity3.792%Jun 26, 2023Yield to maturity3.747%Jul 3, 2023Yield to maturity3.891%Jul 11, 2023Yield to maturity4.007%Jul 18, 2023Yield to maturity3.813%Jul 25, 2023Yield to maturity3.928%Aug 1, 2023Yield to maturity4.067%Aug 8, 2023Yield to maturity4.025%Aug 15, 2023Yield to maturity4.242%Aug 22, 2023Yield to maturity4.367%Aug 29, 2023Yield to maturity4.148%Sep 6, 2023Yield to maturity4.332%Sep 13, 2023Yield to maturity4.281%Sep 20, 2023Yield to maturity4.384%Sep 27, 2023Yield to maturity4.648%Oct 4, 2023Yield to maturity4.757%Oct 12, 2023Yield to maturity4.727%Oct 19, 2023Yield to maturity5.002%Oct 26, 2023Yield to maturity4.884%Nov 2, 2023Yield to maturity4.691%Nov 9, 2023Yield to maturity4.677%Nov 16, 2023Yield to maturity4.489%Nov 24, 2023Yield to maturity4.508%Dec 1, 2023Yield to maturity4.245%Dec 8, 2023Yield to maturity4.262%Dec 15, 2023Yield to maturity3.934%Dec 22, 2023Yield to maturity3.919%Jan 2, 2024Yield to maturity3.972%Jan 9, 2024Yield to maturity4.029%Jan 17, 2024Yield to maturity4.110%Jan 24, 2024Yield to maturity4.183%Jan 31, 2024Yield to maturity3.986%Feb 7, 2024Yield to maturity4.114%Feb 14, 2024Yield to maturity4.295%Feb 22, 2024Yield to maturity4.360%Feb 29, 2024Yield to maturity4.278%Mar 7, 2024Yield to maturity4.111%Mar 14, 2024Yield to maturity4.313%Mar 21, 2024Yield to maturity4.287%Mar 28, 2024Yield to maturity4.219%Apr 4, 2024Yield to maturity4.322%Apr 11, 2024Yield to maturity4.588%Apr 18, 2024Yield to maturity4.656%Apr 25, 2024Yield to maturity4.724%May 2, 2024Yield to maturity4.584%May 9, 2024Yield to maturity4.470%May 16, 2024Yield to maturity4.395%May 23, 2024Yield to maturity4.497%May 31, 2024Yield to maturity4.527%Jun 7, 2024Yield to maturity4.446%Jun 14, 2024Yield to maturity4.220%Jun 24, 2024Yield to maturity4.257%Jul 1, 2024Yield to maturity4.482%Jul 9, 2024Yield to maturity4.284%Jul 16, 2024Yield to maturity4.145%Jul 23, 2024Yield to maturity4.222%Jul 30, 2024Yield to maturity4.113%Aug 6, 2024Yield to maturity3.845%Aug 13, 2024Yield to maturity3.800%Aug 20, 2024Yield to maturity3.778%Aug 27, 2024Yield to maturity3.776%Sep 4, 2024Yield to maturity3.697%Sep 11, 2024Yield to maturity3.581%Sep 18, 2024Yield to maturity3.634%Sep 25, 2024Yield to maturity3.703%Oct 2, 2024Yield to maturity3.710%Oct 9, 2024Yield to maturity4.009%Oct 17, 2024Yield to maturity4.031%Oct 24, 2024Yield to maturity4.154%Oct 31, 2024Yield to maturity4.247%Nov 7, 2024Yield to maturity4.286%Nov 15, 2024Yield to maturity4.403%Nov 22, 2024Yield to maturity4.386%Dec 2, 2024Yield to maturity4.161%Dec 9, 2024Yield to maturity4.159%Dec 16, 2024Yield to maturity4.346%Dec 23, 2024Yield to maturity4.547%Dec 31, 2024Yield to maturity4.521%Jan 8, 2025Yield to maturity4.604%Jan 15, 2025Yield to maturity4.587%Jan 23, 2025Yield to maturity4.582%Jan 30, 2025Yield to maturity4.443%Feb 6, 2025Yield to maturity4.379%Feb 13, 2025Yield to maturity4.477%Feb 21, 2025Yield to maturity4.362%Feb 28, 2025Yield to maturity4.161%Mar 7, 2025Yield to maturity4.232%Mar 14, 2025Yield to maturity4.236%Mar 21, 2025Yield to maturity4.150%Mar 28, 2025Yield to maturity4.148%Apr 4, 2025Yield to maturity3.877%Apr 11, 2025Yield to maturity4.361%Apr 18, 2025Yield to maturity4.174%Apr 25, 2025Yield to maturity4.109%May 2, 2025Yield to maturity4.144%May 9, 2025Yield to maturity4.216%May 16, 2025Yield to maturity4.273%May 23, 2025Yield to maturity4.326%Jun 2, 2025Yield to maturity4.254%Jun 9, 2025Yield to maturity4.312%Jun 16, 2025Yield to maturity4.262%Jun 24, 2025Yield to maturity4.078%Jul 1, 2025Yield to maturity4.049%Jul 9, 2025Yield to maturity4.133%Jul 16, 2025Yield to maturity4.229%Jul 23, 2025Yield to maturity4.167%Jul 30, 2025Yield to maturity4.160%Aug 6, 2025Yield to maturity3.980%Aug 13, 2025Yield to maturity3.988%Aug 20, 2025Yield to maturity4.029%Aug 27, 2025Yield to maturity3.956%Sep 4, 2025Yield to maturity3.878%Sep 11, 2025Yield to maturity3.763%Sep 18, 2025Yield to maturity3.862%Sep 25, 2025Yield to maturity3.947%Oct 2, 2025Yield to maturity3.862%Oct 9, 2025Yield to maturity3.920%Oct 17, 2025Yield to maturity3.777%Oct 24, 2025Yield to maturity3.785%Oct 31, 2025Yield to maturity3.886%Nov 7, 2025Yield to maturity3.861%Nov 17, 2025Yield to maturity3.892%Nov 24, 2025Yield to maturity3.779%Dec 2, 2025Yield to maturity3.837%Dec 9, 2025Yield to maturity3.952%Dec 16, 2025Yield to maturity3.882%Dec 23, 2025Yield to maturity3.924%Dec 31, 2025Yield to maturity3.917%Jan 8, 2026Yield to maturity3.920%Jan 15, 2026Yield to maturity3.935%Jan 23, 2026Yield to maturity4.008%Jan 30, 2026Yield to maturity3.982%Feb 6, 2026Yield to maturity3.940%Feb 13, 2026Yield to maturity3.779%Feb 23, 2026Yield to maturity3.759%Mar 2, 2026Yield to maturity3.784%Mar 9, 2026Yield to maturity3.867%Mar 16, 2026Yield to maturity3.968%Mar 23, 2026Yield to maturity4.117%Mar 30, 2026Yield to maturity4.127%Apr 6, 2026Yield to maturity4.131%Apr 13, 2026Yield to maturity4.064%Apr 20, 2026Yield to maturity4.003%Apr 27, 2026Yield to maturity4.095%May 4, 2026Yield to maturity4.224%May 11, 2026Yield to maturity4.198%May 18, 2026Yield to maturity4.390%May 26, 2026Yield to maturity4.298%Jun 2, 2026Yield to maturity4.272%Jun 9, 2026Yield to maturity4.350%Jun 16, 2026Yield to maturity4.238%Jun 24, 2026Yield to maturity4.255%Jul 1, 2026Yield to maturity4.315%Jul 9, 2026Yield to maturity4.351%Jul 16, 2026Yield to maturity4.368%Jul 23, 2026Yield to maturity4.536%Jul 30, 2026Yield to maturity4.472%Aug 6, 2026Yield to maturity4.477%Aug 13, 2026Yield to maturity4.407%Aug 20, 2026Yield to maturity4.469%Aug 27, 2026Yield to maturity4.474%Sep 3, 2026Yield to maturity4.587%Sep 9, 2026Yield to maturity4.676%

Price history

1,019 trading days to Sep 9, 2026

82.585.087.590.092.595.097.5100.0Aug 15, 2022Sep 9, 2026Aug 15, 2022Close99.656Aug 22, 2022Close97.594Aug 29, 2022Close96.906Sep 6, 2022Close95.156Sep 13, 2022Close94.406Sep 20, 2022Close93.219Sep 27, 2022Close90.125Oct 4, 2022Close92.875Oct 12, 2022Close90.656Oct 19, 2022Close88.938Oct 26, 2022Close89.688Nov 2, 2022Close89.250Nov 9, 2022Close88.938Nov 17, 2022Close91.656Nov 25, 2022Close92.375Dec 2, 2022Close93.719Dec 9, 2022Close93.281Dec 16, 2022Close94.031Dec 23, 2022Close91.969Jan 3, 2023Close91.719Jan 10, 2023Close93.125Jan 18, 2023Close94.969Jan 25, 2023Close94.313Feb 1, 2023Close94.875Feb 8, 2023Close92.906Feb 15, 2023Close91.594Feb 23, 2023Close91.000Mar 2, 2023Close89.594Mar 9, 2023Close90.688Mar 16, 2023Close93.375Mar 23, 2023Close94.844Mar 30, 2023Close93.594Apr 6, 2023Close95.563Apr 13, 2023Close94.406Apr 20, 2023Close93.750Apr 27, 2023Close93.844May 4, 2023Close95.188May 11, 2023Close94.938May 18, 2023Close92.906May 25, 2023Close91.594Jun 2, 2023Close92.531Jun 9, 2023Close92.156Jun 16, 2023Close92.000Jun 26, 2023Close92.344Jul 3, 2023Close91.313Jul 11, 2023Close90.500Jul 18, 2023Close91.906Jul 25, 2023Close91.094Aug 1, 2023Close90.125Aug 8, 2023Close90.438Aug 15, 2023Close88.938Aug 22, 2023Close88.094Aug 29, 2023Close89.625Sep 6, 2023Close88.375Sep 13, 2023Close88.750Sep 20, 2023Close88.063Sep 27, 2023Close86.313Oct 4, 2023Close85.625Oct 12, 2023Close85.844Oct 19, 2023Close84.094Oct 26, 2023Close84.875Nov 2, 2023Close86.156Nov 9, 2023Close86.281Nov 16, 2023Close87.531Nov 24, 2023Close87.438Dec 1, 2023Close89.219Dec 8, 2023Close89.125Dec 15, 2023Close91.375Dec 22, 2023Close91.500Jan 2, 2024Close91.156Jan 9, 2024Close90.781Jan 17, 2024Close90.250Jan 24, 2024Close89.781Jan 31, 2024Close91.125Feb 7, 2024Close90.281Feb 14, 2024Close89.094Feb 22, 2024Close88.688Feb 29, 2024Close89.250Mar 7, 2024Close90.375Mar 14, 2024Close89.063Mar 21, 2024Close89.250Mar 28, 2024Close89.719Apr 4, 2024Close89.063Apr 11, 2024Close87.375Apr 18, 2024Close86.969Apr 25, 2024Close86.563May 2, 2024Close87.469May 9, 2024Close88.219May 16, 2024Close88.719May 23, 2024Close88.094May 31, 2024Close87.938Jun 7, 2024Close88.469Jun 14, 2024Close89.938Jun 24, 2024Close89.719Jul 1, 2024Close88.313Jul 9, 2024Close89.594Jul 16, 2024Close90.500Jul 23, 2024Close90.031Jul 30, 2024Close90.750Aug 6, 2024Close92.500Aug 13, 2024Close92.813Aug 20, 2024Close92.969Aug 27, 2024Close93.000Sep 4, 2024Close93.531Sep 11, 2024Close94.313Sep 18, 2024Close93.969Sep 25, 2024Close93.531Oct 2, 2024Close93.500Oct 9, 2024Close91.594Oct 17, 2024Close91.469Oct 24, 2024Close90.719Oct 31, 2024Close90.156Nov 7, 2024Close89.938Nov 15, 2024Close89.250Nov 22, 2024Close89.375Dec 2, 2024Close90.781Dec 9, 2024Close90.813Dec 16, 2024Close89.688Dec 23, 2024Close88.500Dec 31, 2024Close88.688Jan 8, 2025Close88.219Jan 15, 2025Close88.344Jan 23, 2025Close88.406Jan 30, 2025Close89.250Feb 6, 2025Close89.656Feb 13, 2025Close89.094Feb 21, 2025Close89.813Feb 28, 2025Close91.031Mar 7, 2025Close90.625Mar 14, 2025Close90.625Mar 21, 2025Close91.156Mar 28, 2025Close91.188Apr 4, 2025Close92.844Apr 11, 2025Close89.969Apr 18, 2025Close91.094Apr 25, 2025Close91.500May 2, 2025Close91.313May 9, 2025Close90.906May 16, 2025Close90.594May 23, 2025Close90.313Jun 2, 2025Close90.750Jun 9, 2025Close90.438Jun 16, 2025Close90.750Jun 24, 2025Close91.844Jul 1, 2025Close92.031Jul 9, 2025Close91.563Jul 16, 2025Close91.031Jul 23, 2025Close91.406Jul 30, 2025Close91.469Aug 6, 2025Close92.531Aug 13, 2025Close92.500Aug 20, 2025Close92.281Aug 27, 2025Close92.719Sep 4, 2025Close93.188Sep 11, 2025Close93.875Sep 18, 2025Close93.313Sep 25, 2025Close92.844Oct 2, 2025Close93.344Oct 9, 2025Close93.031Oct 17, 2025Close93.875Oct 24, 2025Close93.844Oct 31, 2025Close93.281Nov 7, 2025Close93.438Nov 17, 2025Close93.281Nov 24, 2025Close93.938Dec 2, 2025Close93.625Dec 9, 2025Close93.000Dec 16, 2025Close93.406Dec 23, 2025Close93.188Dec 31, 2025Close93.250Jan 8, 2026Close93.250Jan 15, 2026Close93.188Jan 23, 2026Close92.813Jan 30, 2026Close92.969Feb 6, 2026Close93.219Feb 13, 2026Close94.125Feb 23, 2026Close94.250Mar 2, 2026Close94.125Mar 9, 2026Close93.688Mar 16, 2026Close93.156Mar 23, 2026Close92.375Mar 30, 2026Close92.344Apr 6, 2026Close92.344Apr 13, 2026Close92.719Apr 20, 2026Close93.063Apr 27, 2026Close92.594May 4, 2026Close91.938May 11, 2026Close92.094May 18, 2026Close91.125May 26, 2026Close91.625Jun 2, 2026Close91.781Jun 9, 2026Close91.406Jun 16, 2026Close92.000Jun 24, 2026Close91.938Jul 1, 2026Close91.656Jul 9, 2026Close91.500Jul 16, 2026Close91.438Jul 23, 2026Close90.625Jul 30, 2026Close90.969Aug 6, 2026Close90.969Aug 13, 2026Close91.344Aug 20, 2026Close91.063Aug 27, 2026Close91.063Sep 3, 2026Close90.531Sep 9, 2026Close90.125
The most recent 20 trading days of prices for 91282CFF3.
DateBidOfferClose
Sep 9, 202690.12590.09490.125
Sep 8, 202690.39190.37590.313
Sep 4, 202690.48490.46990.406
Sep 3, 202690.65690.62590.531
Sep 2, 202690.37590.34490.375
Sep 1, 202690.51690.50090.344
Aug 31, 202690.60990.59490.594
Aug 28, 202690.84490.81390.656
Aug 27, 202691.18891.15691.063
Aug 26, 202691.20391.18891.125
Aug 25, 202691.26691.25091.281
Aug 24, 202691.06391.03190.969
Aug 21, 202690.85990.84490.844
Aug 20, 202691.04791.03191.063
Aug 19, 202691.20391.18891.250
Aug 18, 202691.07891.06391.063
Aug 17, 202691.10991.09491.031
Aug 14, 202691.20391.18891.125
Aug 13, 202691.34491.31391.344
Aug 12, 202691.14191.12591.063

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.

3 auctions

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 91282CFF3.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Aug 10, 2022Aug 15, 2022New issue$35.0bn$57.1bn2.53x2.755%
Sep 12, 2022Sep 15, 2022Reopening$32.0bn$32.0bn2.37x3.330%
Oct 12, 2022Oct 17, 2022Reopening$32.0bn$32.0bn2.34x3.930%

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.