Treasury note

91282CFT3 · 4% due October 31, 2029

Original term
7-Year
Maturity
Oct 31, 2029
Coupon
4.000%
Pays
Semi-Annual
Dated
Oct 31, 2022
First coupon
Apr 30, 2023
Priced through
Sep 9, 2026
Analyzed through
Sep 9, 2026

Statement of August 31, 2026

Amount outstanding
$34.91bn
Held stripped
$47.8m
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
4.527%
Modified duration
2.872 yr
DV01
0.0287
Convexity
10.037
Dirty price
99.914

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 6 of twelve buckets, summing to 2.938 years against a modified duration of 2.872.

Against the fitted curve

Priced 1.8 bp rich to the curve on that day, 5.12 cents per 100 of face.

That is -1.46 standard deviations from its own typical residual.

Yield to maturity, 966 observations

3.00%3.50%4.00%4.50%5.00%5.50%Oct 31, 2022Sep 9, 2026Oct 31, 2022Yield to maturity4.177%Nov 7, 2022Yield to maturity4.309%Nov 15, 2022Yield to maturity3.881%Nov 22, 2022Yield to maturity3.880%Nov 30, 2022Yield to maturity3.772%Dec 7, 2022Yield to maturity3.551%Dec 14, 2022Yield to maturity3.596%Dec 21, 2022Yield to maturity3.780%Dec 29, 2022Yield to maturity3.936%Jan 6, 2023Yield to maturity3.654%Jan 13, 2023Yield to maturity3.576%Jan 23, 2023Yield to maturity3.585%Jan 30, 2023Yield to maturity3.646%Feb 6, 2023Yield to maturity3.755%Feb 13, 2023Yield to maturity3.871%Feb 21, 2023Yield to maturity4.123%Feb 28, 2023Yield to maturity4.107%Mar 7, 2023Yield to maturity4.211%Mar 14, 2023Yield to maturity3.774%Mar 21, 2023Yield to maturity3.725%Mar 28, 2023Yield to maturity3.634%Apr 4, 2023Yield to maturity3.411%Apr 11, 2023Yield to maturity3.526%Apr 18, 2023Yield to maturity3.669%Apr 25, 2023Yield to maturity3.454%May 2, 2023Yield to maturity3.480%May 9, 2023Yield to maturity3.542%May 16, 2023Yield to maturity3.563%May 23, 2023Yield to maturity3.768%May 31, 2023Yield to maturity3.745%Jun 7, 2023Yield to maturity3.921%Jun 14, 2023Yield to maturity4.011%Jun 22, 2023Yield to maturity3.982%Jun 29, 2023Yield to maturity4.067%Jul 7, 2023Yield to maturity4.296%Jul 14, 2023Yield to maturity3.999%Jul 21, 2023Yield to maturity4.039%Jul 28, 2023Yield to maturity4.154%Aug 4, 2023Yield to maturity4.154%Aug 11, 2023Yield to maturity4.312%Aug 18, 2023Yield to maturity4.389%Aug 25, 2023Yield to maturity4.425%Sep 1, 2023Yield to maturity4.308%Sep 11, 2023Yield to maturity4.416%Sep 18, 2023Yield to maturity4.471%Sep 25, 2023Yield to maturity4.654%Oct 2, 2023Yield to maturity4.772%Oct 10, 2023Yield to maturity4.694%Oct 17, 2023Yield to maturity4.913%Oct 24, 2023Yield to maturity4.890%Oct 31, 2023Yield to maturity4.912%Nov 7, 2023Yield to maturity4.604%Nov 14, 2023Yield to maturity4.482%Nov 21, 2023Yield to maturity4.471%Nov 29, 2023Yield to maturity4.301%Dec 6, 2023Yield to maturity4.180%Dec 13, 2023Yield to maturity4.060%Dec 20, 2023Yield to maturity3.915%Dec 28, 2023Yield to maturity3.885%Jan 5, 2024Yield to maturity4.066%Jan 12, 2024Yield to maturity3.902%Jan 22, 2024Yield to maturity4.066%Jan 29, 2024Yield to maturity4.017%Feb 5, 2024Yield to maturity4.166%Feb 12, 2024Yield to maturity4.173%Feb 20, 2024Yield to maturity4.286%Feb 27, 2024Yield to maturity4.351%Mar 5, 2024Yield to maturity4.162%Mar 12, 2024Yield to maturity4.188%Mar 19, 2024Yield to maturity4.328%Mar 26, 2024Yield to maturity4.253%Apr 2, 2024Yield to maturity4.376%Apr 9, 2024Yield to maturity4.396%Apr 16, 2024Yield to maturity4.706%Apr 23, 2024Yield to maturity4.642%Apr 30, 2024Yield to maturity4.737%May 7, 2024Yield to maturity4.494%May 14, 2024Yield to maturity4.475%May 21, 2024Yield to maturity4.444%May 29, 2024Yield to maturity4.659%Jun 5, 2024Yield to maturity4.327%Jun 12, 2024Yield to maturity4.334%Jun 20, 2024Yield to maturity4.276%Jun 27, 2024Yield to maturity4.317%Jul 5, 2024Yield to maturity4.238%Jul 12, 2024Yield to maturity4.125%Jul 19, 2024Yield to maturity4.186%Jul 26, 2024Yield to maturity4.099%Aug 2, 2024Yield to maturity3.642%Aug 9, 2024Yield to maturity3.826%Aug 16, 2024Yield to maturity3.799%Aug 23, 2024Yield to maturity3.685%Aug 30, 2024Yield to maturity3.764%Sep 9, 2024Yield to maturity3.537%Sep 16, 2024Yield to maturity3.456%Sep 23, 2024Yield to maturity3.547%Sep 30, 2024Yield to maturity3.613%Oct 7, 2024Yield to maturity3.890%Oct 15, 2024Yield to maturity3.883%Oct 22, 2024Yield to maturity4.028%Oct 29, 2024Yield to maturity4.133%Nov 5, 2024Yield to maturity4.189%Nov 13, 2024Yield to maturity4.325%Nov 20, 2024Yield to maturity4.297%Nov 27, 2024Yield to maturity4.148%Dec 5, 2024Yield to maturity4.092%Dec 12, 2024Yield to maturity4.192%Dec 19, 2024Yield to maturity4.447%Dec 27, 2024Yield to maturity4.463%Jan 6, 2025Yield to maturity4.428%Jan 13, 2025Yield to maturity4.615%Jan 21, 2025Yield to maturity4.409%Jan 28, 2025Yield to maturity4.344%Feb 4, 2025Yield to maturity4.331%Feb 11, 2025Yield to maturity4.384%Feb 19, 2025Yield to maturity4.378%Feb 26, 2025Yield to maturity4.088%Mar 5, 2025Yield to maturity4.088%Mar 12, 2025Yield to maturity4.089%Mar 19, 2025Yield to maturity4.037%Mar 26, 2025Yield to maturity4.090%Apr 2, 2025Yield to maturity3.947%Apr 9, 2025Yield to maturity4.053%Apr 16, 2025Yield to maturity3.894%Apr 23, 2025Yield to maturity4.000%Apr 30, 2025Yield to maturity3.703%May 7, 2025Yield to maturity3.854%May 14, 2025Yield to maturity4.155%May 21, 2025Yield to maturity4.124%May 29, 2025Yield to maturity3.992%Jun 5, 2025Yield to maturity3.984%Jun 12, 2025Yield to maturity3.944%Jun 20, 2025Yield to maturity3.936%Jun 27, 2025Yield to maturity3.802%Jul 7, 2025Yield to maturity3.935%Jul 14, 2025Yield to maturity3.951%Jul 21, 2025Yield to maturity3.879%Jul 28, 2025Yield to maturity3.942%Aug 4, 2025Yield to maturity3.709%Aug 11, 2025Yield to maturity3.797%Aug 18, 2025Yield to maturity3.804%Aug 25, 2025Yield to maturity3.746%Sep 2, 2025Yield to maturity3.696%Sep 9, 2025Yield to maturity3.565%Sep 16, 2025Yield to maturity3.555%Sep 23, 2025Yield to maturity3.635%Sep 30, 2025Yield to maturity3.700%Oct 7, 2025Yield to maturity3.665%Oct 15, 2025Yield to maturity3.581%Oct 22, 2025Yield to maturity3.513%Oct 29, 2025Yield to maturity3.661%Nov 5, 2025Yield to maturity3.719%Nov 13, 2025Yield to maturity3.658%Nov 20, 2025Yield to maturity3.622%Nov 28, 2025Yield to maturity3.551%Dec 5, 2025Yield to maturity3.661%Dec 12, 2025Yield to maturity3.676%Dec 19, 2025Yield to maturity3.614%Dec 29, 2025Yield to maturity3.585%Jan 6, 2026Yield to maturity3.618%Jan 13, 2026Yield to maturity3.661%Jan 21, 2026Yield to maturity3.739%Jan 28, 2026Yield to maturity3.746%Feb 4, 2026Yield to maturity3.736%Feb 11, 2026Yield to maturity3.654%Feb 19, 2026Yield to maturity3.561%Feb 26, 2026Yield to maturity3.505%Mar 5, 2026Yield to maturity3.649%Mar 12, 2026Yield to maturity3.822%Mar 19, 2026Yield to maturity3.840%Mar 26, 2026Yield to maturity4.056%Apr 2, 2026Yield to maturity3.876%Apr 9, 2026Yield to maturity3.848%Apr 16, 2026Yield to maturity3.847%Apr 23, 2026Yield to maturity3.885%Apr 30, 2026Yield to maturity3.952%May 7, 2026Yield to maturity3.990%May 14, 2026Yield to maturity4.078%May 21, 2026Yield to maturity4.177%May 29, 2026Yield to maturity4.088%Jun 5, 2026Yield to maturity4.248%Jun 12, 2026Yield to maturity4.169%Jun 22, 2026Yield to maturity4.271%Jun 29, 2026Yield to maturity4.120%Jul 7, 2026Yield to maturity4.233%Jul 14, 2026Yield to maturity4.255%Jul 21, 2026Yield to maturity4.319%Jul 28, 2026Yield to maturity4.320%Aug 4, 2026Yield to maturity4.270%Aug 11, 2026Yield to maturity4.313%Aug 18, 2026Yield to maturity4.283%Aug 25, 2026Yield to maturity4.285%Sep 1, 2026Yield to maturity4.481%Sep 9, 2026Yield to maturity4.527%

Price history

966 trading days to Sep 9, 2026

949698100102104Oct 31, 2022Sep 9, 2026Oct 31, 2022Close98.938Nov 7, 2022Close98.156Nov 15, 2022Close100.719Nov 22, 2022Close100.719Nov 30, 2022Close101.375Dec 7, 2022Close102.719Dec 14, 2022Close102.438Dec 21, 2022Close101.313Dec 29, 2022Close100.375Jan 6, 2023Close102.063Jan 13, 2023Close102.531Jan 23, 2023Close102.469Jan 30, 2023Close102.094Feb 6, 2023Close101.438Feb 13, 2023Close100.750Feb 21, 2023Close99.281Feb 28, 2023Close99.375Mar 7, 2023Close98.781Mar 14, 2023Close101.313Mar 21, 2023Close101.594Mar 28, 2023Close102.125Apr 4, 2023Close103.438Apr 11, 2023Close102.750Apr 18, 2023Close101.906Apr 25, 2023Close103.156May 2, 2023Close103.000May 9, 2023Close102.625May 16, 2023Close102.500May 23, 2023Close101.313May 31, 2023Close101.438Jun 7, 2023Close100.438Jun 14, 2023Close99.938Jun 22, 2023Close100.094Jun 29, 2023Close99.625Jul 7, 2023Close98.375Jul 14, 2023Close100.000Jul 21, 2023Close99.781Jul 28, 2023Close99.156Aug 4, 2023Close99.156Aug 11, 2023Close98.313Aug 18, 2023Close97.906Aug 25, 2023Close97.719Sep 1, 2023Close98.344Sep 11, 2023Close97.781Sep 18, 2023Close97.500Sep 25, 2023Close96.563Oct 2, 2023Close95.969Oct 10, 2023Close96.375Oct 17, 2023Close95.281Oct 24, 2023Close95.406Oct 31, 2023Close95.313Nov 7, 2023Close96.875Nov 14, 2023Close97.500Nov 21, 2023Close97.563Nov 29, 2023Close98.438Dec 6, 2023Close99.063Dec 13, 2023Close99.688Dec 20, 2023Close100.438Dec 28, 2023Close100.594Jan 5, 2024Close99.656Jan 12, 2024Close100.500Jan 22, 2024Close99.656Jan 29, 2024Close99.906Feb 5, 2024Close99.156Feb 12, 2024Close99.125Feb 20, 2024Close98.563Feb 27, 2024Close98.250Mar 5, 2024Close99.188Mar 12, 2024Close99.063Mar 19, 2024Close98.375Mar 26, 2024Close98.750Apr 2, 2024Close98.156Apr 9, 2024Close98.063Apr 16, 2024Close96.594Apr 23, 2024Close96.906Apr 30, 2024Close96.469May 7, 2024Close97.625May 14, 2024Close97.719May 21, 2024Close97.875May 29, 2024Close96.875Jun 5, 2024Close98.438Jun 12, 2024Close98.406Jun 20, 2024Close98.688Jun 27, 2024Close98.500Jul 5, 2024Close98.875Jul 12, 2024Close99.406Jul 19, 2024Close99.125Jul 26, 2024Close99.531Aug 2, 2024Close101.688Aug 9, 2024Close100.813Aug 16, 2024Close100.938Aug 23, 2024Close101.469Aug 30, 2024Close101.094Sep 9, 2024Close102.156Sep 16, 2024Close102.531Sep 23, 2024Close102.094Sep 30, 2024Close101.781Oct 7, 2024Close100.500Oct 15, 2024Close100.531Oct 22, 2024Close99.875Oct 29, 2024Close99.406Nov 5, 2024Close99.156Nov 13, 2024Close98.563Nov 20, 2024Close98.688Nov 27, 2024Close99.344Dec 5, 2024Close99.594Dec 12, 2024Close99.156Dec 19, 2024Close98.063Dec 27, 2024Close98.000Jan 6, 2025Close98.156Jan 13, 2025Close97.375Jan 21, 2025Close98.250Jan 28, 2025Close98.531Feb 4, 2025Close98.594Feb 11, 2025Close98.375Feb 19, 2025Close98.406Feb 26, 2025Close99.625Mar 5, 2025Close99.625Mar 12, 2025Close99.625Mar 19, 2025Close99.844Mar 26, 2025Close99.625Apr 2, 2025Close100.219Apr 9, 2025Close99.781Apr 16, 2025Close100.438Apr 23, 2025Close100.000Apr 30, 2025Close101.219May 7, 2025Close100.594May 14, 2025Close99.375May 21, 2025Close99.500May 29, 2025Close100.031Jun 5, 2025Close100.063Jun 12, 2025Close100.219Jun 20, 2025Close100.250Jun 27, 2025Close100.781Jul 7, 2025Close100.250Jul 14, 2025Close100.188Jul 21, 2025Close100.469Jul 28, 2025Close100.219Aug 4, 2025Close101.125Aug 11, 2025Close100.781Aug 18, 2025Close100.750Aug 25, 2025Close100.969Sep 2, 2025Close101.156Sep 9, 2025Close101.656Sep 16, 2025Close101.688Sep 23, 2025Close101.375Sep 30, 2025Close101.125Oct 7, 2025Close101.250Oct 15, 2025Close101.563Oct 22, 2025Close101.813Oct 29, 2025Close101.250Nov 5, 2025Close101.031Nov 13, 2025Close101.250Nov 20, 2025Close101.375Nov 28, 2025Close101.625Dec 5, 2025Close101.219Dec 12, 2025Close101.156Dec 19, 2025Close101.375Dec 29, 2025Close101.469Jan 6, 2026Close101.344Jan 13, 2026Close101.188Jan 21, 2026Close100.906Jan 28, 2026Close100.875Feb 4, 2026Close100.906Feb 11, 2026Close101.188Feb 19, 2026Close101.500Feb 26, 2026Close101.688Mar 5, 2026Close101.188Mar 12, 2026Close100.594Mar 19, 2026Close100.531Mar 26, 2026Close99.813Apr 2, 2026Close100.406Apr 9, 2026Close100.500Apr 16, 2026Close100.500Apr 23, 2026Close100.375Apr 30, 2026Close100.156May 7, 2026Close100.031May 14, 2026Close99.750May 21, 2026Close99.438May 29, 2026Close99.719Jun 5, 2026Close99.219Jun 12, 2026Close99.469Jun 22, 2026Close99.156Jun 29, 2026Close99.625Jul 7, 2026Close99.281Jul 14, 2026Close99.219Jul 21, 2026Close99.031Jul 28, 2026Close99.031Aug 4, 2026Close99.188Aug 11, 2026Close99.063Aug 18, 2026Close99.156Aug 25, 2026Close99.156Sep 1, 2026Close98.594Sep 9, 2026Close98.469
The most recent 20 trading days of prices for 91282CFT3.
DateBidOfferClose
Sep 9, 202698.46998.43898.469
Sep 8, 202698.60998.59498.563
Sep 4, 202698.67298.65698.625
Sep 3, 202698.79798.78198.719
Sep 2, 202698.60998.59498.625
Sep 1, 202698.67298.65698.594
Aug 31, 202698.76698.75098.750
Aug 28, 202698.82898.81398.719
Aug 27, 202699.10999.09499.031
Aug 26, 202699.10999.09499.094
Aug 25, 202699.17299.15699.156
Aug 24, 202699.07899.06399.031
Aug 21, 202699.01699.00099.000
Aug 20, 202699.14199.12599.125
Aug 19, 202699.17299.15699.188
Aug 18, 202699.17299.15699.156
Aug 17, 202699.20399.18899.156
Aug 14, 202699.26699.25099.188
Aug 13, 202699.29799.28199.281
Aug 12, 202699.17299.15699.125

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 91282CFT3.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Oct 27, 2022Oct 31, 2022New issue$35.0bn$35.0bn2.43x4.027%

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.

Free to benchmark against. Paid only to track. Measuring anything against these curves and indices is free. No license, no fee, no registration, and no permission needed to say that you did, including in a prospectus. A fee applies to one thing: launching a product that tracks an index.

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.