Treasury note

91282CFV8 · 4.125% due November 15, 2032

Original term
10-Year
Maturity
Nov 15, 2032
Coupon
4.125%
Pays
Semi-Annual
Dated
Nov 15, 2022
First coupon
May 15, 2023
Priced through
Sep 9, 2026
Analyzed through
Sep 9, 2026

Statement of August 31, 2026

Amount outstanding
$111.26bn
Held stripped
$26.1m
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
4.683%
Modified duration
5.308 yr
DV01
0.0522
Convexity
33.279
Dirty price
98.354

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 5.432 years against a modified duration of 5.308.

Against the fitted curve

Priced 2.4 bp cheap to the curve on that day, 12.48 cents per 100 of face.

That is 0.85 standard deviations from its own typical residual.

Yield to maturity, 956 observations

3.25%3.50%3.75%4.00%4.25%4.50%4.75%5.00%Nov 15, 2022Sep 9, 2026Nov 15, 2022Yield to maturity3.799%Nov 21, 2022Yield to maturity3.836%Nov 28, 2022Yield to maturity3.694%Dec 2, 2022Yield to maturity3.510%Dec 8, 2022Yield to maturity3.491%Dec 14, 2022Yield to maturity3.494%Dec 20, 2022Yield to maturity3.688%Dec 27, 2022Yield to maturity3.845%Jan 3, 2023Yield to maturity3.788%Jan 9, 2023Yield to maturity3.530%Jan 13, 2023Yield to maturity3.500%Jan 20, 2023Yield to maturity3.484%Jan 26, 2023Yield to maturity3.491%Feb 1, 2023Yield to maturity3.391%Feb 7, 2023Yield to maturity3.679%Feb 13, 2023Yield to maturity3.739%Feb 17, 2023Yield to maturity3.841%Feb 24, 2023Yield to maturity3.964%Mar 2, 2023Yield to maturity4.097%Mar 8, 2023Yield to maturity3.999%Mar 14, 2023Yield to maturity3.649%Mar 20, 2023Yield to maturity3.494%Mar 24, 2023Yield to maturity3.393%Mar 30, 2023Yield to maturity3.560%Apr 5, 2023Yield to maturity3.314%Apr 11, 2023Yield to maturity3.443%Apr 17, 2023Yield to maturity3.607%Apr 21, 2023Yield to maturity3.580%Apr 27, 2023Yield to maturity3.538%May 3, 2023Yield to maturity3.383%May 9, 2023Yield to maturity3.529%May 15, 2023Yield to maturity3.509%May 19, 2023Yield to maturity3.715%May 25, 2023Yield to maturity3.843%Jun 1, 2023Yield to maturity3.629%Jun 7, 2023Yield to maturity3.819%Jun 13, 2023Yield to maturity3.861%Jun 20, 2023Yield to maturity3.763%Jun 26, 2023Yield to maturity3.750%Jun 30, 2023Yield to maturity3.844%Jul 7, 2023Yield to maturity4.092%Jul 13, 2023Yield to maturity3.780%Jul 19, 2023Yield to maturity3.772%Jul 25, 2023Yield to maturity3.930%Jul 31, 2023Yield to maturity3.986%Aug 4, 2023Yield to maturity4.063%Aug 10, 2023Yield to maturity4.120%Aug 16, 2023Yield to maturity4.306%Aug 22, 2023Yield to maturity4.369%Aug 28, 2023Yield to maturity4.244%Sep 1, 2023Yield to maturity4.211%Sep 8, 2023Yield to maturity4.286%Sep 14, 2023Yield to maturity4.320%Sep 20, 2023Yield to maturity4.379%Sep 26, 2023Yield to maturity4.585%Oct 2, 2023Yield to maturity4.716%Oct 6, 2023Yield to maturity4.801%Oct 13, 2023Yield to maturity4.653%Oct 19, 2023Yield to maturity4.999%Oct 25, 2023Yield to maturity4.973%Oct 31, 2023Yield to maturity4.898%Nov 6, 2023Yield to maturity4.678%Nov 10, 2023Yield to maturity4.661%Nov 16, 2023Yield to maturity4.487%Nov 22, 2023Yield to maturity4.453%Nov 29, 2023Yield to maturity4.294%Dec 5, 2023Yield to maturity4.205%Dec 11, 2023Yield to maturity4.260%Dec 15, 2023Yield to maturity3.936%Dec 21, 2023Yield to maturity3.911%Dec 28, 2023Yield to maturity3.861%Jan 4, 2024Yield to maturity4.006%Jan 10, 2024Yield to maturity4.044%Jan 17, 2024Yield to maturity4.103%Jan 23, 2024Yield to maturity4.141%Jan 29, 2024Yield to maturity4.065%Feb 2, 2024Yield to maturity4.035%Feb 8, 2024Yield to maturity4.180%Feb 14, 2024Yield to maturity4.288%Feb 21, 2024Yield to maturity4.346%Feb 27, 2024Yield to maturity4.337%Mar 4, 2024Yield to maturity4.250%Mar 8, 2024Yield to maturity4.107%Mar 14, 2024Yield to maturity4.307%Mar 20, 2024Yield to maturity4.281%Mar 26, 2024Yield to maturity4.247%Apr 1, 2024Yield to maturity4.344%Apr 5, 2024Yield to maturity4.402%Apr 11, 2024Yield to maturity4.587%Apr 17, 2024Yield to maturity4.605%Apr 23, 2024Yield to maturity4.620%Apr 29, 2024Yield to maturity4.644%May 3, 2024Yield to maturity4.499%May 9, 2024Yield to maturity4.463%May 15, 2024Yield to maturity4.360%May 21, 2024Yield to maturity4.419%May 28, 2024Yield to maturity4.556%Jun 3, 2024Yield to maturity4.415%Jun 7, 2024Yield to maturity4.439%Jun 13, 2024Yield to maturity4.240%Jun 20, 2024Yield to maturity4.249%Jun 26, 2024Yield to maturity4.322%Jul 2, 2024Yield to maturity4.417%Jul 9, 2024Yield to maturity4.277%Jul 15, 2024Yield to maturity4.201%Jul 19, 2024Yield to maturity4.214%Jul 25, 2024Yield to maturity4.228%Jul 31, 2024Yield to maturity4.044%Aug 6, 2024Yield to maturity3.844%Aug 12, 2024Yield to maturity3.866%Aug 16, 2024Yield to maturity3.856%Aug 22, 2024Yield to maturity3.812%Aug 28, 2024Yield to maturity3.785%Sep 4, 2024Yield to maturity3.701%Sep 10, 2024Yield to maturity3.574%Sep 16, 2024Yield to maturity3.551%Sep 20, 2024Yield to maturity3.646%Sep 26, 2024Yield to maturity3.712%Oct 2, 2024Yield to maturity3.707%Oct 8, 2024Yield to maturity3.979%Oct 15, 2024Yield to maturity3.970%Oct 21, 2024Yield to maturity4.111%Oct 25, 2024Yield to maturity4.180%Oct 31, 2024Yield to maturity4.227%Nov 6, 2024Yield to maturity4.386%Nov 13, 2024Yield to maturity4.406%Nov 19, 2024Yield to maturity4.340%Nov 25, 2024Yield to maturity4.223%Dec 2, 2024Yield to maturity4.143%Dec 6, 2024Yield to maturity4.101%Dec 12, 2024Yield to maturity4.261%Dec 18, 2024Yield to maturity4.446%Dec 24, 2024Yield to maturity4.533%Dec 31, 2024Yield to maturity4.491%Jan 7, 2025Yield to maturity4.593%Jan 13, 2025Yield to maturity4.722%Jan 17, 2025Yield to maturity4.536%Jan 24, 2025Yield to maturity4.547%Jan 30, 2025Yield to maturity4.431%Feb 5, 2025Yield to maturity4.339%Feb 11, 2025Yield to maturity4.461%Feb 18, 2025Yield to maturity4.486%Feb 24, 2025Yield to maturity4.331%Feb 28, 2025Yield to maturity4.158%Mar 6, 2025Yield to maturity4.201%Mar 12, 2025Yield to maturity4.225%Mar 18, 2025Yield to maturity4.196%Mar 24, 2025Yield to maturity4.231%Mar 28, 2025Yield to maturity4.144%Apr 3, 2025Yield to maturity3.914%Apr 9, 2025Yield to maturity4.226%Apr 15, 2025Yield to maturity4.188%Apr 21, 2025Yield to maturity4.232%Apr 25, 2025Yield to maturity4.110%May 1, 2025Yield to maturity4.057%May 7, 2025Yield to maturity4.096%May 13, 2025Yield to maturity4.332%May 19, 2025Yield to maturity4.287%May 23, 2025Yield to maturity4.327%May 30, 2025Yield to maturity4.213%Jun 5, 2025Yield to maturity4.214%Jun 11, 2025Yield to maturity4.228%Jun 17, 2025Yield to maturity4.194%Jun 24, 2025Yield to maturity4.080%Jun 30, 2025Yield to maturity4.016%Jul 7, 2025Yield to maturity4.189%Jul 11, 2025Yield to maturity4.224%Jul 17, 2025Yield to maturity4.249%Jul 23, 2025Yield to maturity4.179%Jul 29, 2025Yield to maturity4.124%Aug 4, 2025Yield to maturity3.970%Aug 8, 2025Yield to maturity4.049%Aug 14, 2025Yield to maturity4.044%Aug 20, 2025Yield to maturity4.034%Aug 26, 2025Yield to maturity3.989%Sep 2, 2025Yield to maturity3.998%Sep 8, 2025Yield to maturity3.794%Sep 12, 2025Yield to maturity3.823%Sep 18, 2025Yield to maturity3.867%Sep 24, 2025Yield to maturity3.917%Sep 30, 2025Yield to maturity3.932%Oct 6, 2025Yield to maturity3.951%Oct 10, 2025Yield to maturity3.835%Oct 17, 2025Yield to maturity3.784%Oct 23, 2025Yield to maturity3.784%Oct 29, 2025Yield to maturity3.874%Nov 4, 2025Yield to maturity3.874%Nov 10, 2025Yield to maturity3.899%Nov 17, 2025Yield to maturity3.898%Nov 21, 2025Yield to maturity3.806%Nov 28, 2025Yield to maturity3.780%Dec 4, 2025Yield to maturity3.871%Dec 10, 2025Yield to maturity3.912%Dec 16, 2025Yield to maturity3.891%Dec 22, 2025Yield to maturity3.916%Dec 29, 2025Yield to maturity3.863%Jan 5, 2026Yield to maturity3.909%Jan 9, 2026Yield to maturity3.940%Jan 15, 2026Yield to maturity3.945%Jan 22, 2026Yield to maturity4.034%Jan 28, 2026Yield to maturity4.034%Feb 3, 2026Yield to maturity4.028%Feb 9, 2026Yield to maturity3.949%Feb 13, 2026Yield to maturity3.796%Feb 20, 2026Yield to maturity3.837%Feb 26, 2026Yield to maturity3.763%Mar 4, 2026Yield to maturity3.847%Mar 10, 2026Yield to maturity3.904%Mar 16, 2026Yield to maturity3.979%Mar 20, 2026Yield to maturity4.184%Mar 26, 2026Yield to maturity4.250%Apr 1, 2026Yield to maturity4.130%Apr 7, 2026Yield to maturity4.113%Apr 13, 2026Yield to maturity4.081%Apr 17, 2026Yield to maturity4.010%Apr 23, 2026Yield to maturity4.114%Apr 29, 2026Yield to maturity4.207%May 5, 2026Yield to maturity4.219%May 11, 2026Yield to maturity4.208%May 15, 2026Yield to maturity4.393%May 21, 2026Yield to maturity4.371%May 28, 2026Yield to maturity4.270%Jun 3, 2026Yield to maturity4.315%Jun 9, 2026Yield to maturity4.361%Jun 15, 2026Yield to maturity4.288%Jun 22, 2026Yield to maturity4.367%Jun 26, 2026Yield to maturity4.215%Jul 2, 2026Yield to maturity4.317%Jul 9, 2026Yield to maturity4.363%Jul 15, 2026Yield to maturity4.352%Jul 21, 2026Yield to maturity4.456%Jul 27, 2026Yield to maturity4.480%Jul 31, 2026Yield to maturity4.545%Aug 6, 2026Yield to maturity4.488%Aug 12, 2026Yield to maturity4.471%Aug 18, 2026Yield to maturity4.478%Aug 24, 2026Yield to maturity4.502%Aug 28, 2026Yield to maturity4.562%Sep 3, 2026Yield to maturity4.598%Sep 9, 2026Yield to maturity4.683%

Price history

956 trading days to Sep 9, 2026

92.595.097.5100.0102.5105.0107.5Nov 15, 2022Sep 9, 2026Nov 15, 2022Close102.688Nov 21, 2022Close102.375Nov 28, 2022Close103.563Dec 2, 2022Close105.125Dec 8, 2022Close105.281Dec 14, 2022Close105.250Dec 20, 2022Close103.594Dec 27, 2022Close102.281Jan 3, 2023Close102.750Jan 9, 2023Close104.906Jan 13, 2023Close105.156Jan 20, 2023Close105.281Jan 26, 2023Close105.219Feb 1, 2023Close106.063Feb 7, 2023Close103.625Feb 13, 2023Close103.125Feb 17, 2023Close102.281Feb 24, 2023Close101.281Mar 2, 2023Close100.219Mar 8, 2023Close101.000Mar 14, 2023Close103.844Mar 20, 2023Close105.125Mar 24, 2023Close105.969Mar 30, 2023Close104.563Apr 5, 2023Close106.625Apr 11, 2023Close105.531Apr 17, 2023Close104.156Apr 21, 2023Close104.375Apr 27, 2023Close104.719May 3, 2023Close106.000May 9, 2023Close104.781May 15, 2023Close104.938May 19, 2023Close103.250May 25, 2023Close102.219Jun 1, 2023Close103.938Jun 7, 2023Close102.406Jun 13, 2023Close102.063Jun 20, 2023Close102.844Jun 26, 2023Close102.938Jun 30, 2023Close102.188Jul 7, 2023Close100.250Jul 13, 2023Close102.688Jul 19, 2023Close102.750Jul 25, 2023Close101.500Jul 31, 2023Close101.063Aug 4, 2023Close100.469Aug 10, 2023Close100.031Aug 16, 2023Close98.625Aug 22, 2023Close98.156Aug 28, 2023Close99.094Sep 1, 2023Close99.344Sep 8, 2023Close98.781Sep 14, 2023Close98.531Sep 20, 2023Close98.094Sep 26, 2023Close96.594Oct 2, 2023Close95.656Oct 6, 2023Close95.063Oct 13, 2023Close96.125Oct 19, 2023Close93.688Oct 25, 2023Close93.875Oct 31, 2023Close94.406Nov 6, 2023Close95.969Nov 10, 2023Close96.094Nov 16, 2023Close97.344Nov 22, 2023Close97.594Nov 29, 2023Close98.750Dec 5, 2023Close99.406Dec 11, 2023Close99.000Dec 15, 2023Close101.406Dec 21, 2023Close101.594Dec 28, 2023Close101.969Jan 4, 2024Close100.875Jan 10, 2024Close100.594Jan 17, 2024Close100.156Jan 23, 2024Close99.875Jan 29, 2024Close100.438Feb 2, 2024Close100.656Feb 8, 2024Close99.594Feb 14, 2024Close98.813Feb 21, 2024Close98.406Feb 27, 2024Close98.469Mar 4, 2024Close99.094Mar 8, 2024Close100.125Mar 14, 2024Close98.688Mar 20, 2024Close98.875Mar 26, 2024Close99.125Apr 1, 2024Close98.438Apr 5, 2024Close98.031Apr 11, 2024Close96.750Apr 17, 2024Close96.625Apr 23, 2024Close96.531Apr 29, 2024Close96.375May 3, 2024Close97.375May 9, 2024Close97.625May 15, 2024Close98.344May 21, 2024Close97.938May 28, 2024Close97.000Jun 3, 2024Close97.969Jun 7, 2024Close97.813Jun 13, 2024Close99.188Jun 20, 2024Close99.125Jun 26, 2024Close98.625Jul 2, 2024Close97.969Jul 9, 2024Close98.938Jul 15, 2024Close99.469Jul 19, 2024Close99.375Jul 25, 2024Close99.281Jul 31, 2024Close100.563Aug 6, 2024Close101.969Aug 12, 2024Close101.813Aug 16, 2024Close101.875Aug 22, 2024Close102.188Aug 28, 2024Close102.375Sep 4, 2024Close102.969Sep 10, 2024Close103.875Sep 16, 2024Close104.031Sep 20, 2024Close103.344Sep 26, 2024Close102.875Oct 2, 2024Close102.906Oct 8, 2024Close101.000Oct 15, 2024Close101.063Oct 21, 2024Close100.094Oct 25, 2024Close99.625Oct 31, 2024Close99.313Nov 6, 2024Close98.250Nov 13, 2024Close98.125Nov 19, 2024Close98.563Nov 25, 2024Close99.344Dec 2, 2024Close99.875Dec 6, 2024Close100.156Dec 12, 2024Close99.094Dec 18, 2024Close97.875Dec 24, 2024Close97.313Dec 31, 2024Close97.594Jan 7, 2025Close96.938Jan 13, 2025Close96.125Jan 17, 2025Close97.313Jan 24, 2025Close97.250Jan 30, 2025Close98.000Feb 5, 2025Close98.594Feb 11, 2025Close97.813Feb 18, 2025Close97.656Feb 24, 2025Close98.656Feb 28, 2025Close99.781Mar 6, 2025Close99.500Mar 12, 2025Close99.344Mar 18, 2025Close99.531Mar 24, 2025Close99.313Mar 28, 2025Close99.875Apr 3, 2025Close101.375Apr 9, 2025Close99.344Apr 15, 2025Close99.594Apr 21, 2025Close99.313Apr 25, 2025Close100.094May 1, 2025Close100.438May 7, 2025Close100.188May 13, 2025Close98.688May 19, 2025Close98.969May 23, 2025Close98.719May 30, 2025Close99.438Jun 5, 2025Close99.438Jun 11, 2025Close99.344Jun 17, 2025Close99.563Jun 24, 2025Close100.281Jun 30, 2025Close100.688Jul 7, 2025Close99.594Jul 11, 2025Close99.375Jul 17, 2025Close99.219Jul 23, 2025Close99.656Jul 29, 2025Close100.000Aug 4, 2025Close100.969Aug 8, 2025Close100.469Aug 14, 2025Close100.500Aug 20, 2025Close100.563Aug 26, 2025Close100.844Sep 2, 2025Close100.781Sep 8, 2025Close102.063Sep 12, 2025Close101.875Sep 18, 2025Close101.594Sep 24, 2025Close101.281Sep 30, 2025Close101.188Oct 6, 2025Close101.063Oct 10, 2025Close101.781Oct 17, 2025Close102.094Oct 23, 2025Close102.094Oct 29, 2025Close101.531Nov 4, 2025Close101.531Nov 10, 2025Close101.375Nov 17, 2025Close101.375Nov 21, 2025Close101.938Nov 28, 2025Close102.094Dec 4, 2025Close101.531Dec 10, 2025Close101.281Dec 16, 2025Close101.406Dec 22, 2025Close101.250Dec 29, 2025Close101.563Jan 5, 2026Close101.281Jan 9, 2026Close101.094Jan 15, 2026Close101.063Jan 22, 2026Close100.531Jan 28, 2026Close100.531Feb 3, 2026Close100.563Feb 9, 2026Close101.031Feb 13, 2026Close101.938Feb 20, 2026Close101.688Feb 26, 2026Close102.125Mar 4, 2026Close101.625Mar 10, 2026Close101.281Mar 16, 2026Close100.844Mar 20, 2026Close99.656Mar 26, 2026Close99.281Apr 1, 2026Close99.969Apr 7, 2026Close100.063Apr 13, 2026Close100.250Apr 17, 2026Close100.656Apr 23, 2026Close100.063Apr 29, 2026Close99.531May 5, 2026Close99.469May 11, 2026Close99.531May 15, 2026Close98.500May 21, 2026Close98.625May 28, 2026Close99.188Jun 3, 2026Close98.938Jun 9, 2026Close98.688Jun 15, 2026Close99.094Jun 22, 2026Close98.656Jun 26, 2026Close99.500Jul 2, 2026Close98.938Jul 9, 2026Close98.688Jul 15, 2026Close98.750Jul 21, 2026Close98.188Jul 27, 2026Close98.063Jul 31, 2026Close97.719Aug 6, 2026Close98.031Aug 12, 2026Close98.125Aug 18, 2026Close98.094Aug 24, 2026Close97.969Aug 28, 2026Close97.656Sep 3, 2026Close97.469Sep 9, 2026Close97.031
The most recent 20 trading days of prices for 91282CFV8.
DateBidOfferClose
Sep 9, 202697.03197.00097.031
Sep 8, 202697.32897.31397.250
Sep 4, 202697.42297.40697.375
Sep 3, 202697.60997.59497.469
Sep 2, 202697.31397.28197.313
Sep 1, 202697.48497.46997.313
Aug 31, 202697.57897.56397.563
Aug 28, 202697.82897.81397.656
Aug 27, 202698.21998.18898.094
Aug 26, 202698.23498.21998.156
Aug 25, 202698.29798.28198.344
Aug 24, 202698.07898.06397.969
Aug 21, 202697.85997.84497.844
Aug 20, 202698.07898.06398.094
Aug 19, 202698.25098.21998.313
Aug 18, 202698.10998.09498.094
Aug 17, 202698.14198.12598.031
Aug 14, 202698.23498.21998.156
Aug 13, 202698.42298.40698.406
Aug 12, 202698.20398.18898.125

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.

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 91282CFV8.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Nov 9, 2022Nov 15, 2022New issue$35.0bn$47.3bn2.23x4.140%
Dec 12, 2022Dec 15, 2022Reopening$32.0bn$32.0bn2.31x3.625%
Jan 11, 2023Jan 17, 2023Reopening$32.0bn$32.0bn2.53x3.575%

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.