Treasury note

91282CFJ5 · 3.125% due August 31, 2029

Original term
7-Year
Maturity
Aug 31, 2029
Coupon
3.125%
Pays
Semi-Annual
Dated
Aug 31, 2022
First coupon
Feb 28, 2023
Priced through
Sep 9, 2026
Analyzed through
Sep 9, 2026

Statement of August 31, 2026

Amount outstanding
$41.01bn
Held stripped
$60.9m
Share stripped
0.15%

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
4.521%
Modified duration
2.793 yr
DV01
0.0269
Convexity
9.361
Dirty price
96.243

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 2.856 years against a modified duration of 2.793.

Against the fitted curve

Priced 1.4 bp rich to the curve on that day, 3.72 cents per 100 of face.

That is -1.05 standard deviations from its own typical residual.

Yield to maturity, 1,007 observations

3.00%3.50%4.00%4.50%5.00%5.50%Aug 31, 2022Sep 9, 2026Aug 31, 2022Yield to maturity3.251%Sep 8, 2022Yield to maturity3.373%Sep 15, 2022Yield to maturity3.590%Sep 22, 2022Yield to maturity3.844%Sep 29, 2022Yield to maturity3.915%Oct 6, 2022Yield to maturity3.982%Oct 14, 2022Yield to maturity4.181%Oct 21, 2022Yield to maturity4.299%Oct 28, 2022Yield to maturity4.142%Nov 4, 2022Yield to maturity4.294%Nov 14, 2022Yield to maturity3.983%Nov 21, 2022Yield to maturity3.957%Nov 29, 2022Yield to maturity3.883%Dec 6, 2022Yield to maturity3.669%Dec 13, 2022Yield to maturity3.621%Dec 20, 2022Yield to maturity3.796%Dec 28, 2022Yield to maturity3.986%Jan 5, 2023Yield to maturity3.855%Jan 12, 2023Yield to maturity3.519%Jan 20, 2023Yield to maturity3.542%Jan 27, 2023Yield to maturity3.609%Feb 3, 2023Yield to maturity3.637%Feb 10, 2023Yield to maturity3.889%Feb 17, 2023Yield to maturity3.981%Feb 27, 2023Yield to maturity4.120%Mar 6, 2023Yield to maturity4.209%Mar 13, 2023Yield to maturity3.689%Mar 20, 2023Yield to maturity3.601%Mar 27, 2023Yield to maturity3.619%Apr 3, 2023Yield to maturity3.526%Apr 10, 2023Yield to maturity3.516%Apr 17, 2023Yield to maturity3.691%Apr 24, 2023Yield to maturity3.602%May 1, 2023Yield to maturity3.660%May 8, 2023Yield to maturity3.537%May 15, 2023Yield to maturity3.509%May 22, 2023Yield to maturity3.779%May 30, 2023Yield to maturity3.816%Jun 6, 2023Yield to maturity3.835%Jun 13, 2023Yield to maturity3.995%Jun 21, 2023Yield to maturity3.910%Jun 28, 2023Yield to maturity3.912%Jul 6, 2023Yield to maturity4.298%Jul 13, 2023Yield to maturity3.911%Jul 20, 2023Yield to maturity4.038%Jul 27, 2023Yield to maturity4.210%Aug 3, 2023Yield to maturity4.317%Aug 10, 2023Yield to maturity4.217%Aug 17, 2023Yield to maturity4.429%Aug 24, 2023Yield to maturity4.396%Aug 31, 2023Yield to maturity4.245%Sep 8, 2023Yield to maturity4.405%Sep 15, 2023Yield to maturity4.465%Sep 22, 2023Yield to maturity4.583%Sep 29, 2023Yield to maturity4.664%Oct 6, 2023Yield to maturity4.811%Oct 16, 2023Yield to maturity4.771%Oct 23, 2023Yield to maturity4.886%Oct 30, 2023Yield to maturity4.892%Nov 6, 2023Yield to maturity4.681%Nov 13, 2023Yield to maturity4.725%Nov 20, 2023Yield to maturity4.489%Nov 28, 2023Yield to maturity4.371%Dec 5, 2023Yield to maturity4.214%Dec 12, 2023Yield to maturity4.269%Dec 19, 2023Yield to maturity3.984%Dec 27, 2023Yield to maturity3.835%Jan 4, 2024Yield to maturity4.016%Jan 11, 2024Yield to maturity3.955%Jan 19, 2024Yield to maturity4.114%Jan 26, 2024Yield to maturity4.097%Feb 2, 2024Yield to maturity4.022%Feb 9, 2024Yield to maturity4.176%Feb 16, 2024Yield to maturity4.319%Feb 26, 2024Yield to maturity4.329%Mar 4, 2024Yield to maturity4.246%Mar 11, 2024Yield to maturity4.117%Mar 18, 2024Yield to maturity4.381%Mar 25, 2024Yield to maturity4.257%Apr 1, 2024Yield to maturity4.355%Apr 8, 2024Yield to maturity4.448%Apr 15, 2024Yield to maturity4.659%Apr 22, 2024Yield to maturity4.671%Apr 29, 2024Yield to maturity4.669%May 6, 2024Yield to maturity4.506%May 13, 2024Yield to maturity4.518%May 20, 2024Yield to maturity4.474%May 28, 2024Yield to maturity4.591%Jun 4, 2024Yield to maturity4.364%Jun 11, 2024Yield to maturity4.425%Jun 18, 2024Yield to maturity4.254%Jun 26, 2024Yield to maturity4.356%Jul 3, 2024Yield to maturity4.347%Jul 11, 2024Yield to maturity4.154%Jul 18, 2024Yield to maturity4.137%Jul 25, 2024Yield to maturity4.175%Aug 1, 2024Yield to maturity3.863%Aug 8, 2024Yield to maturity3.858%Aug 15, 2024Yield to maturity3.819%Aug 22, 2024Yield to maturity3.744%Aug 29, 2024Yield to maturity3.719%Sep 6, 2024Yield to maturity3.539%Sep 13, 2024Yield to maturity3.457%Sep 20, 2024Yield to maturity3.514%Sep 27, 2024Yield to maturity3.529%Oct 4, 2024Yield to maturity3.845%Oct 11, 2024Yield to maturity3.905%Oct 21, 2024Yield to maturity4.003%Oct 28, 2024Yield to maturity4.139%Nov 4, 2024Yield to maturity4.187%Nov 12, 2024Yield to maturity4.341%Nov 19, 2024Yield to maturity4.278%Nov 26, 2024Yield to maturity4.215%Dec 4, 2024Yield to maturity4.099%Dec 11, 2024Yield to maturity4.155%Dec 18, 2024Yield to maturity4.411%Dec 26, 2024Yield to maturity4.440%Jan 3, 2025Yield to maturity4.416%Jan 10, 2025Yield to maturity4.594%Jan 17, 2025Yield to maturity4.427%Jan 27, 2025Yield to maturity4.339%Feb 3, 2025Yield to maturity4.367%Feb 10, 2025Yield to maturity4.356%Feb 18, 2025Yield to maturity4.402%Feb 25, 2025Yield to maturity4.138%Mar 4, 2025Yield to maturity4.016%Mar 11, 2025Yield to maturity4.035%Mar 18, 2025Yield to maturity4.078%Mar 25, 2025Yield to maturity4.058%Apr 1, 2025Yield to maturity3.903%Apr 8, 2025Yield to maturity3.858%Apr 15, 2025Yield to maturity3.965%Apr 22, 2025Yield to maturity3.944%Apr 29, 2025Yield to maturity3.739%May 6, 2025Yield to maturity3.870%May 13, 2025Yield to maturity4.109%May 20, 2025Yield to maturity4.048%May 28, 2025Yield to maturity4.044%Jun 4, 2025Yield to maturity3.916%Jun 11, 2025Yield to maturity3.993%Jun 18, 2025Yield to maturity3.956%Jun 26, 2025Yield to maturity3.760%Jul 3, 2025Yield to maturity3.906%Jul 11, 2025Yield to maturity3.943%Jul 18, 2025Yield to maturity3.913%Jul 25, 2025Yield to maturity3.917%Aug 1, 2025Yield to maturity3.725%Aug 8, 2025Yield to maturity3.796%Aug 15, 2025Yield to maturity3.799%Aug 22, 2025Yield to maturity3.708%Aug 29, 2025Yield to maturity3.633%Sep 8, 2025Yield to maturity3.524%Sep 15, 2025Yield to maturity3.569%Sep 22, 2025Yield to maturity3.649%Sep 29, 2025Yield to maturity3.695%Oct 6, 2025Yield to maturity3.697%Oct 14, 2025Yield to maturity3.551%Oct 21, 2025Yield to maturity3.509%Oct 28, 2025Yield to maturity3.563%Nov 4, 2025Yield to maturity3.646%Nov 12, 2025Yield to maturity3.622%Nov 19, 2025Yield to maturity3.651%Nov 26, 2025Yield to maturity3.527%Dec 4, 2025Yield to maturity3.611%Dec 11, 2025Yield to maturity3.641%Dec 18, 2025Yield to maturity3.570%Dec 26, 2025Yield to maturity3.601%Jan 5, 2026Yield to maturity3.604%Jan 12, 2026Yield to maturity3.672%Jan 20, 2026Yield to maturity3.751%Jan 27, 2026Yield to maturity3.716%Feb 3, 2026Yield to maturity3.710%Feb 10, 2026Yield to maturity3.588%Feb 18, 2026Yield to maturity3.553%Feb 25, 2026Yield to maturity3.536%Mar 4, 2026Yield to maturity3.596%Mar 11, 2026Yield to maturity3.706%Mar 18, 2026Yield to maturity3.807%Mar 25, 2026Yield to maturity3.920%Apr 1, 2026Yield to maturity3.884%Apr 8, 2026Yield to maturity3.848%Apr 15, 2026Yield to maturity3.822%Apr 22, 2026Yield to maturity3.846%Apr 29, 2026Yield to maturity3.983%May 6, 2026Yield to maturity3.925%May 13, 2026Yield to maturity4.044%May 20, 2026Yield to maturity4.143%May 28, 2026Yield to maturity4.097%Jun 4, 2026Yield to maturity4.134%Jun 11, 2026Yield to maturity4.129%Jun 18, 2026Yield to maturity4.213%Jun 26, 2026Yield to maturity4.111%Jul 6, 2026Yield to maturity4.161%Jul 13, 2026Yield to maturity4.309%Jul 20, 2026Yield to maturity4.261%Jul 27, 2026Yield to maturity4.368%Aug 3, 2026Yield to maturity4.331%Aug 10, 2026Yield to maturity4.327%Aug 17, 2026Yield to maturity4.266%Aug 24, 2026Yield to maturity4.319%Aug 31, 2026Yield to maturity4.407%Sep 8, 2026Yield to maturity4.474%Sep 9, 2026Yield to maturity4.521%

Price history

1,007 trading days to Sep 9, 2026

9092949698100Aug 31, 2022Sep 9, 2026Aug 31, 2022Close99.219Sep 8, 2022Close98.469Sep 15, 2022Close97.156Sep 22, 2022Close95.656Sep 29, 2022Close95.250Oct 6, 2022Close94.875Oct 14, 2022Close93.750Oct 21, 2022Close93.094Oct 28, 2022Close94.000Nov 4, 2022Close93.156Nov 14, 2022Close94.938Nov 21, 2022Close95.094Nov 29, 2022Close95.531Dec 6, 2022Close96.781Dec 13, 2022Close97.063Dec 20, 2022Close96.063Dec 28, 2022Close95.000Jan 5, 2023Close95.750Jan 12, 2023Close97.688Jan 20, 2023Close97.563Jan 27, 2023Close97.188Feb 3, 2023Close97.031Feb 10, 2023Close95.625Feb 17, 2023Close95.125Feb 27, 2023Close94.375Mar 6, 2023Close93.906Mar 13, 2023Close96.781Mar 20, 2023Close97.281Mar 27, 2023Close97.188Apr 3, 2023Close97.719Apr 10, 2023Close97.781Apr 17, 2023Close96.813Apr 24, 2023Close97.313May 1, 2023Close97.000May 8, 2023Close97.688May 15, 2023Close97.844May 22, 2023Close96.375May 30, 2023Close96.188Jun 6, 2023Close96.094Jun 13, 2023Close95.250Jun 21, 2023Close95.719Jun 28, 2023Close95.719Jul 6, 2023Close93.719Jul 13, 2023Close95.750Jul 20, 2023Close95.094Jul 27, 2023Close94.219Aug 3, 2023Close93.688Aug 10, 2023Close94.219Aug 17, 2023Close93.156Aug 24, 2023Close93.344Aug 31, 2023Close94.125Sep 8, 2023Close93.344Sep 15, 2023Close93.063Sep 22, 2023Close92.500Sep 29, 2023Close92.125Oct 6, 2023Close91.438Oct 16, 2023Close91.656Oct 23, 2023Close91.125Oct 30, 2023Close91.125Nov 6, 2023Close92.156Nov 13, 2023Close91.969Nov 20, 2023Close93.125Nov 28, 2023Close93.719Dec 5, 2023Close94.500Dec 12, 2023Close94.250Dec 19, 2023Close95.656Dec 27, 2023Close96.406Jan 4, 2024Close95.531Jan 11, 2024Close95.844Jan 19, 2024Close95.094Jan 26, 2024Close95.188Feb 2, 2024Close95.563Feb 9, 2024Close94.844Feb 16, 2024Close94.188Feb 26, 2024Close94.156Mar 4, 2024Close94.563Mar 11, 2024Close95.188Mar 18, 2024Close93.969Mar 25, 2024Close94.563Apr 1, 2024Close94.125Apr 8, 2024Close93.719Apr 15, 2024Close92.781Apr 22, 2024Close92.750Apr 29, 2024Close92.781May 6, 2024Close93.531May 13, 2024Close93.500May 20, 2024Close93.719May 28, 2024Close93.219Jun 4, 2024Close94.250Jun 11, 2024Close94.000Jun 18, 2024Close94.781Jun 26, 2024Close94.344Jul 3, 2024Close94.406Jul 11, 2024Close95.281Jul 18, 2024Close95.375Jul 25, 2024Close95.219Aug 1, 2024Close96.625Aug 8, 2024Close96.656Aug 15, 2024Close96.844Aug 22, 2024Close97.188Aug 29, 2024Close97.313Sep 6, 2024Close98.125Sep 13, 2024Close98.500Sep 20, 2024Close98.250Sep 27, 2024Close98.188Oct 4, 2024Close96.813Oct 11, 2024Close96.563Oct 21, 2024Close96.156Oct 28, 2024Close95.594Nov 4, 2024Close95.406Nov 12, 2024Close94.781Nov 19, 2024Close95.063Nov 26, 2024Close95.344Dec 4, 2024Close95.844Dec 11, 2024Close95.625Dec 18, 2024Close94.594Dec 26, 2024Close94.500Jan 3, 2025Close94.625Jan 10, 2025Close93.938Jan 17, 2025Close94.625Jan 27, 2025Close95.000Feb 3, 2025Close94.906Feb 10, 2025Close94.969Feb 18, 2025Close94.813Feb 25, 2025Close95.875Mar 4, 2025Close96.375Mar 11, 2025Close96.313Mar 18, 2025Close96.156Mar 25, 2025Close96.250Apr 1, 2025Close96.875Apr 8, 2025Close97.063Apr 15, 2025Close96.656Apr 22, 2025Close96.750Apr 29, 2025Close97.563May 6, 2025Close97.063May 13, 2025Close96.156May 20, 2025Close96.406May 28, 2025Close96.438Jun 4, 2025Close96.938Jun 11, 2025Close96.656Jun 18, 2025Close96.813Jun 26, 2025Close97.563Jul 3, 2025Close97.031Jul 11, 2025Close96.906Jul 18, 2025Close97.031Jul 25, 2025Close97.031Aug 1, 2025Close97.750Aug 8, 2025Close97.500Aug 15, 2025Close97.500Aug 22, 2025Close97.844Aug 29, 2025Close98.125Sep 8, 2025Close98.531Sep 15, 2025Close98.375Sep 22, 2025Close98.094Sep 29, 2025Close97.938Oct 6, 2025Close97.938Oct 14, 2025Close98.469Oct 21, 2025Close98.625Oct 28, 2025Close98.438Nov 4, 2025Close98.156Nov 12, 2025Close98.250Nov 19, 2025Close98.156Nov 26, 2025Close98.594Dec 4, 2025Close98.313Dec 11, 2025Close98.219Dec 18, 2025Close98.469Dec 26, 2025Close98.375Jan 5, 2026Close98.375Jan 12, 2026Close98.156Jan 20, 2026Close97.906Jan 27, 2026Close98.031Feb 3, 2026Close98.063Feb 10, 2026Close98.469Feb 18, 2026Close98.594Feb 25, 2026Close98.656Mar 4, 2026Close98.469Mar 11, 2026Close98.125Mar 18, 2026Close97.813Mar 25, 2026Close97.469Apr 1, 2026Close97.594Apr 8, 2026Close97.719Apr 15, 2026Close97.813Apr 22, 2026Close97.750Apr 29, 2026Close97.344May 6, 2026Close97.531May 13, 2026Close97.188May 20, 2026Close96.906May 28, 2026Close97.063Jun 4, 2026Close96.969Jun 11, 2026Close97.000Jun 18, 2026Close96.781Jun 26, 2026Close97.094Jul 6, 2026Close96.969Jul 13, 2026Close96.563Jul 20, 2026Close96.719Jul 27, 2026Close96.438Aug 3, 2026Close96.563Aug 10, 2026Close96.594Aug 17, 2026Close96.781Aug 24, 2026Close96.656Aug 31, 2026Close96.438Sep 8, 2026Close96.281Sep 9, 2026Close96.156
The most recent 20 trading days of prices for 91282CFJ5.
DateBidOfferClose
Sep 9, 202696.18896.15696.156
Sep 8, 202696.29796.28196.281
Sep 4, 202696.35996.34496.313
Sep 3, 202696.46996.43896.406
Sep 2, 202696.29796.28196.281
Sep 1, 202696.35996.34496.281
Aug 31, 202696.43896.40696.438
Aug 28, 202696.50096.46996.406
Aug 27, 202696.76696.75096.688
Aug 26, 202696.76696.75096.719
Aug 25, 202696.81396.78196.813
Aug 24, 202696.71996.68896.656
Aug 21, 202696.64196.62596.656
Aug 20, 202696.76696.75096.750
Aug 19, 202696.79796.78196.813
Aug 18, 202696.79796.78196.781
Aug 17, 202696.82896.81396.781
Aug 14, 202696.87596.84496.813
Aug 13, 202696.89196.87596.875
Aug 12, 202696.78196.75096.719

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 91282CFJ5.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Aug 25, 2022Aug 31, 2022New issue$37.0bn$41.8bn2.65x3.130%

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.