Treasury note

91282CGJ4 · 3.5% due January 31, 2030

Original term
7-Year
Maturity
Jan 31, 2030
Coupon
3.500%
Pays
Semi-Annual
Dated
Jan 31, 2023
First coupon
Jul 31, 2023
Priced through
Sep 9, 2026
Analyzed through
Sep 9, 2026

Statement of August 31, 2026

Amount outstanding
$34.05bn
Held stripped
$60.4m
Share stripped
0.18%

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
4.555%
Modified duration
3.138 yr
DV01
0.0305
Convexity
11.725
Dirty price
97.109

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 3.212 years against a modified duration of 3.138.

Against the fitted curve

Priced 0.8 bp rich to the curve on that day, 2.46 cents per 100 of face.

That is -0.99 standard deviations from its own typical residual.

Yield to maturity, 905 observations

3.00%3.50%4.00%4.50%5.00%5.50%Jan 31, 2023Sep 9, 2026Jan 31, 2023Yield to maturity3.587%Feb 6, 2023Yield to maturity3.731%Feb 10, 2023Yield to maturity3.856%Feb 16, 2023Yield to maturity3.982%Feb 23, 2023Yield to maturity4.037%Mar 1, 2023Yield to maturity4.177%Mar 7, 2023Yield to maturity4.178%Mar 13, 2023Yield to maturity3.655%Mar 17, 2023Yield to maturity3.453%Mar 23, 2023Yield to maturity3.402%Mar 29, 2023Yield to maturity3.640%Apr 4, 2023Yield to maturity3.396%Apr 10, 2023Yield to maturity3.489%Apr 14, 2023Yield to maturity3.578%Apr 20, 2023Yield to maturity3.604%Apr 26, 2023Yield to maturity3.468%May 2, 2023Yield to maturity3.463%May 8, 2023Yield to maturity3.515%May 12, 2023Yield to maturity3.473%May 18, 2023Yield to maturity3.696%May 24, 2023Yield to maturity3.782%May 31, 2023Yield to maturity3.729%Jun 6, 2023Yield to maturity3.811%Jun 12, 2023Yield to maturity3.849%Jun 16, 2023Yield to maturity3.916%Jun 23, 2023Yield to maturity3.906%Jun 29, 2023Yield to maturity4.039%Jul 6, 2023Yield to maturity4.265%Jul 12, 2023Yield to maturity4.014%Jul 18, 2023Yield to maturity3.943%Jul 24, 2023Yield to maturity4.039%Jul 28, 2023Yield to maturity4.131%Aug 3, 2023Yield to maturity4.302%Aug 9, 2023Yield to maturity4.110%Aug 15, 2023Yield to maturity4.346%Aug 21, 2023Yield to maturity4.458%Aug 25, 2023Yield to maturity4.407%Aug 31, 2023Yield to maturity4.229%Sep 7, 2023Yield to maturity4.382%Sep 13, 2023Yield to maturity4.378%Sep 19, 2023Yield to maturity4.509%Sep 25, 2023Yield to maturity4.642%Sep 29, 2023Yield to maturity4.656%Oct 5, 2023Yield to maturity4.754%Oct 12, 2023Yield to maturity4.758%Oct 18, 2023Yield to maturity4.974%Oct 24, 2023Yield to maturity4.891%Oct 30, 2023Yield to maturity4.901%Nov 3, 2023Yield to maturity4.570%Nov 9, 2023Yield to maturity4.712%Nov 15, 2023Yield to maturity4.586%Nov 21, 2023Yield to maturity4.468%Nov 28, 2023Yield to maturity4.380%Dec 4, 2023Yield to maturity4.310%Dec 8, 2023Yield to maturity4.294%Dec 14, 2023Yield to maturity3.957%Dec 20, 2023Yield to maturity3.905%Dec 27, 2023Yield to maturity3.830%Jan 3, 2024Yield to maturity3.943%Jan 9, 2024Yield to maturity4.022%Jan 16, 2024Yield to maturity4.017%Jan 22, 2024Yield to maturity4.079%Jan 26, 2024Yield to maturity4.116%Feb 1, 2024Yield to maturity3.841%Feb 7, 2024Yield to maturity4.094%Feb 13, 2024Yield to maturity4.341%Feb 20, 2024Yield to maturity4.287%Feb 26, 2024Yield to maturity4.326%Mar 1, 2024Yield to maturity4.205%Mar 7, 2024Yield to maturity4.101%Mar 13, 2024Yield to maturity4.214%Mar 19, 2024Yield to maturity4.327%Mar 25, 2024Yield to maturity4.261%Mar 29, 2024Yield to maturity4.238%Apr 4, 2024Yield to maturity4.327%Apr 10, 2024Yield to maturity4.615%Apr 16, 2024Yield to maturity4.701%Apr 22, 2024Yield to maturity4.666%Apr 26, 2024Yield to maturity4.707%May 2, 2024Yield to maturity4.593%May 8, 2024Yield to maturity4.518%May 14, 2024Yield to maturity4.476%May 20, 2024Yield to maturity4.472%May 24, 2024Yield to maturity4.527%May 31, 2024Yield to maturity4.543%Jun 6, 2024Yield to maturity4.305%Jun 12, 2024Yield to maturity4.333%Jun 18, 2024Yield to maturity4.245%Jun 25, 2024Yield to maturity4.266%Jul 1, 2024Yield to maturity4.464%Jul 8, 2024Yield to maturity4.245%Jul 12, 2024Yield to maturity4.123%Jul 18, 2024Yield to maturity4.137%Jul 24, 2024Yield to maturity4.185%Jul 30, 2024Yield to maturity4.063%Aug 5, 2024Yield to maturity3.658%Aug 9, 2024Yield to maturity3.832%Aug 15, 2024Yield to maturity3.820%Aug 21, 2024Yield to maturity3.685%Aug 27, 2024Yield to maturity3.705%Sep 3, 2024Yield to maturity3.705%Sep 9, 2024Yield to maturity3.544%Sep 13, 2024Yield to maturity3.480%Sep 19, 2024Yield to maturity3.545%Sep 25, 2024Yield to maturity3.571%Oct 1, 2024Yield to maturity3.551%Oct 7, 2024Yield to maturity3.893%Oct 11, 2024Yield to maturity3.915%Oct 18, 2024Yield to maturity3.909%Oct 24, 2024Yield to maturity4.058%Oct 30, 2024Yield to maturity4.168%Nov 5, 2024Yield to maturity4.190%Nov 12, 2024Yield to maturity4.351%Nov 18, 2024Yield to maturity4.312%Nov 22, 2024Yield to maturity4.328%Nov 29, 2024Yield to maturity4.089%Dec 5, 2024Yield to maturity4.097%Dec 11, 2024Yield to maturity4.154%Dec 17, 2024Yield to maturity4.275%Dec 23, 2024Yield to maturity4.460%Dec 30, 2024Yield to maturity4.386%Jan 6, 2025Yield to maturity4.439%Jan 10, 2025Yield to maturity4.607%Jan 16, 2025Yield to maturity4.415%Jan 23, 2025Yield to maturity4.469%Jan 29, 2025Yield to maturity4.371%Feb 4, 2025Yield to maturity4.337%Feb 10, 2025Yield to maturity4.361%Feb 14, 2025Yield to maturity4.350%Feb 21, 2025Yield to maturity4.280%Feb 27, 2025Yield to maturity4.115%Mar 5, 2025Yield to maturity4.095%Mar 11, 2025Yield to maturity4.047%Mar 17, 2025Yield to maturity4.114%Mar 21, 2025Yield to maturity4.014%Mar 27, 2025Yield to maturity4.102%Apr 2, 2025Yield to maturity3.958%Apr 8, 2025Yield to maturity3.880%Apr 14, 2025Yield to maturity4.027%Apr 18, 2025Yield to maturity3.955%Apr 24, 2025Yield to maturity3.934%Apr 30, 2025Yield to maturity3.723%May 6, 2025Yield to maturity3.900%May 12, 2025Yield to maturity4.102%May 16, 2025Yield to maturity4.066%May 22, 2025Yield to maturity4.105%May 29, 2025Yield to maturity4.010%Jun 4, 2025Yield to maturity3.937%Jun 10, 2025Yield to maturity4.081%Jun 16, 2025Yield to maturity4.038%Jun 23, 2025Yield to maturity3.896%Jun 27, 2025Yield to maturity3.822%Jul 3, 2025Yield to maturity3.929%Jul 10, 2025Yield to maturity3.923%Jul 16, 2025Yield to maturity3.970%Jul 22, 2025Yield to maturity3.865%Jul 28, 2025Yield to maturity3.958%Aug 1, 2025Yield to maturity3.752%Aug 7, 2025Yield to maturity3.775%Aug 13, 2025Yield to maturity3.745%Aug 19, 2025Yield to maturity3.800%Aug 25, 2025Yield to maturity3.770%Aug 29, 2025Yield to maturity3.670%Sep 5, 2025Yield to maturity3.561%Sep 11, 2025Yield to maturity3.561%Sep 17, 2025Yield to maturity3.601%Sep 23, 2025Yield to maturity3.656%Sep 29, 2025Yield to maturity3.720%Oct 3, 2025Yield to maturity3.689%Oct 9, 2025Yield to maturity3.705%Oct 16, 2025Yield to maturity3.515%Oct 22, 2025Yield to maturity3.531%Oct 28, 2025Yield to maturity3.579%Nov 3, 2025Yield to maturity3.692%Nov 7, 2025Yield to maturity3.644%Nov 14, 2025Yield to maturity3.710%Nov 20, 2025Yield to maturity3.637%Nov 26, 2025Yield to maturity3.540%Dec 3, 2025Yield to maturity3.581%Dec 9, 2025Yield to maturity3.729%Dec 15, 2025Yield to maturity3.672%Dec 19, 2025Yield to maturity3.631%Dec 26, 2025Yield to maturity3.632%Jan 2, 2026Yield to maturity3.658%Jan 8, 2026Yield to maturity3.658%Jan 14, 2026Yield to maturity3.651%Jan 21, 2026Yield to maturity3.761%Jan 27, 2026Yield to maturity3.746%Feb 2, 2026Yield to maturity3.746%Feb 6, 2026Yield to maturity3.679%Feb 12, 2026Yield to maturity3.602%Feb 19, 2026Yield to maturity3.577%Feb 25, 2026Yield to maturity3.551%Mar 3, 2026Yield to maturity3.577%Mar 9, 2026Yield to maturity3.647%Mar 13, 2026Yield to maturity3.823%Mar 19, 2026Yield to maturity3.850%Mar 25, 2026Yield to maturity3.940%Mar 31, 2026Yield to maturity3.879%Apr 6, 2026Yield to maturity3.944%Apr 10, 2026Yield to maturity3.883%Apr 16, 2026Yield to maturity3.857%Apr 22, 2026Yield to maturity3.858%Apr 28, 2026Yield to maturity3.923%May 4, 2026Yield to maturity4.035%May 8, 2026Yield to maturity3.973%May 14, 2026Yield to maturity4.094%May 20, 2026Yield to maturity4.171%May 27, 2026Yield to maturity4.137%Jun 2, 2026Yield to maturity4.140%Jun 8, 2026Yield to maturity4.256%Jun 12, 2026Yield to maturity4.174%Jun 18, 2026Yield to maturity4.216%Jun 25, 2026Yield to maturity4.141%Jul 1, 2026Yield to maturity4.211%Jul 8, 2026Yield to maturity4.264%Jul 14, 2026Yield to maturity4.267%Jul 20, 2026Yield to maturity4.280%Jul 24, 2026Yield to maturity4.392%Jul 30, 2026Yield to maturity4.336%Aug 5, 2026Yield to maturity4.280%Aug 11, 2026Yield to maturity4.333%Aug 17, 2026Yield to maturity4.306%Aug 21, 2026Yield to maturity4.360%Aug 27, 2026Yield to maturity4.343%Sep 2, 2026Yield to maturity4.498%Sep 9, 2026Yield to maturity4.555%

Price history

905 trading days to Sep 9, 2026

9092949698100102Jan 31, 2023Sep 9, 2026Jan 31, 2023Close99.469Feb 6, 2023Close98.594Feb 10, 2023Close97.844Feb 16, 2023Close97.094Feb 23, 2023Close96.781Mar 1, 2023Close95.969Mar 7, 2023Close95.969Mar 13, 2023Close99.063Mar 17, 2023Close100.281Mar 23, 2023Close100.594Mar 29, 2023Close99.156Apr 4, 2023Close100.625Apr 10, 2023Close100.063Apr 14, 2023Close99.531Apr 20, 2023Close99.375Apr 26, 2023Close100.188May 2, 2023Close100.219May 8, 2023Close99.906May 12, 2023Close100.156May 18, 2023Close98.844May 24, 2023Close98.344May 31, 2023Close98.656Jun 6, 2023Close98.188Jun 12, 2023Close97.969Jun 16, 2023Close97.594Jun 23, 2023Close97.656Jun 29, 2023Close96.906Jul 6, 2023Close95.656Jul 12, 2023Close97.063Jul 18, 2023Close97.469Jul 24, 2023Close96.938Jul 28, 2023Close96.438Aug 3, 2023Close95.500Aug 9, 2023Close96.563Aug 15, 2023Close95.281Aug 21, 2023Close94.688Aug 25, 2023Close94.969Aug 31, 2023Close95.938Sep 7, 2023Close95.125Sep 13, 2023Close95.156Sep 19, 2023Close94.469Sep 25, 2023Close93.781Sep 29, 2023Close93.719Oct 5, 2023Close93.219Oct 12, 2023Close93.219Oct 18, 2023Close92.125Oct 24, 2023Close92.563Oct 30, 2023Close92.531Nov 3, 2023Close94.250Nov 9, 2023Close93.531Nov 15, 2023Close94.188Nov 21, 2023Close94.813Nov 28, 2023Close95.281Dec 4, 2023Close95.656Dec 8, 2023Close95.750Dec 14, 2023Close97.531Dec 20, 2023Close97.813Dec 27, 2023Close98.219Jan 3, 2024Close97.625Jan 9, 2024Close97.219Jan 16, 2024Close97.250Jan 22, 2024Close96.938Jan 26, 2024Close96.750Feb 1, 2024Close98.188Feb 7, 2024Close96.875Feb 13, 2024Close95.625Feb 20, 2024Close95.906Feb 26, 2024Close95.719Mar 1, 2024Close96.344Mar 7, 2024Close96.875Mar 13, 2024Close96.313Mar 19, 2024Close95.750Mar 25, 2024Close96.094Mar 29, 2024Close96.219Apr 4, 2024Close95.781Apr 10, 2024Close94.375Apr 16, 2024Close93.969Apr 22, 2024Close94.156Apr 26, 2024Close93.969May 2, 2024Close94.531May 8, 2024Close94.906May 14, 2024Close95.125May 20, 2024Close95.156May 24, 2024Close94.906May 31, 2024Close94.844Jun 6, 2024Close96.000Jun 12, 2024Close95.875Jun 18, 2024Close96.313Jun 25, 2024Close96.219Jul 1, 2024Close95.281Jul 8, 2024Close96.344Jul 12, 2024Close96.938Jul 18, 2024Close96.875Jul 24, 2024Close96.656Jul 30, 2024Close97.250Aug 5, 2024Close99.219Aug 9, 2024Close98.375Aug 15, 2024Close98.438Aug 21, 2024Close99.094Aug 27, 2024Close99.000Sep 3, 2024Close99.000Sep 9, 2024Close99.781Sep 13, 2024Close100.094Sep 19, 2024Close99.781Sep 25, 2024Close99.656Oct 1, 2024Close99.750Oct 7, 2024Close98.125Oct 11, 2024Close98.031Oct 18, 2024Close98.063Oct 24, 2024Close97.375Oct 30, 2024Close96.875Nov 5, 2024Close96.781Nov 12, 2024Close96.063Nov 18, 2024Close96.250Nov 22, 2024Close96.188Nov 29, 2024Close97.281Dec 5, 2024Close97.250Dec 11, 2024Close97.000Dec 17, 2024Close96.469Dec 23, 2024Close95.656Dec 30, 2024Close96.000Jan 6, 2025Close95.781Jan 10, 2025Close95.063Jan 16, 2025Close95.906Jan 23, 2025Close95.688Jan 29, 2025Close96.125Feb 4, 2025Close96.281Feb 10, 2025Close96.188Feb 14, 2025Close96.250Feb 21, 2025Close96.563Feb 27, 2025Close97.281Mar 5, 2025Close97.375Mar 11, 2025Close97.594Mar 17, 2025Close97.313Mar 21, 2025Close97.750Mar 27, 2025Close97.375Apr 2, 2025Close98.000Apr 8, 2025Close98.344Apr 14, 2025Close97.719Apr 18, 2025Close98.031Apr 24, 2025Close98.125Apr 30, 2025Close99.031May 6, 2025Close98.281May 12, 2025Close97.438May 16, 2025Close97.594May 22, 2025Close97.438May 29, 2025Close97.844Jun 4, 2025Close98.156Jun 10, 2025Close97.563Jun 16, 2025Close97.750Jun 23, 2025Close98.344Jun 27, 2025Close98.656Jul 3, 2025Close98.219Jul 10, 2025Close98.250Jul 16, 2025Close98.063Jul 22, 2025Close98.500Jul 28, 2025Close98.125Aug 1, 2025Close98.969Aug 7, 2025Close98.875Aug 13, 2025Close99.000Aug 19, 2025Close98.781Aug 25, 2025Close98.906Aug 29, 2025Close99.313Sep 5, 2025Close99.750Sep 11, 2025Close99.750Sep 17, 2025Close99.594Sep 23, 2025Close99.375Sep 29, 2025Close99.125Oct 3, 2025Close99.250Oct 9, 2025Close99.188Oct 16, 2025Close99.938Oct 22, 2025Close99.875Oct 28, 2025Close99.688Nov 3, 2025Close99.250Nov 7, 2025Close99.438Nov 14, 2025Close99.188Nov 20, 2025Close99.469Nov 26, 2025Close99.844Dec 3, 2025Close99.688Dec 9, 2025Close99.125Dec 15, 2025Close99.344Dec 19, 2025Close99.500Dec 26, 2025Close99.500Jan 2, 2026Close99.406Jan 8, 2026Close99.406Jan 14, 2026Close99.438Jan 21, 2026Close99.031Jan 27, 2026Close99.094Feb 2, 2026Close99.094Feb 6, 2026Close99.344Feb 12, 2026Close99.625Feb 19, 2026Close99.719Feb 25, 2026Close99.813Mar 3, 2026Close99.719Mar 9, 2026Close99.469Mar 13, 2026Close98.844Mar 19, 2026Close98.750Mar 25, 2026Close98.438Mar 31, 2026Close98.656Apr 6, 2026Close98.438Apr 10, 2026Close98.656Apr 16, 2026Close98.750Apr 22, 2026Close98.750Apr 28, 2026Close98.531May 4, 2026Close98.156May 8, 2026Close98.375May 14, 2026Close97.969May 20, 2026Close97.719May 27, 2026Close97.844Jun 2, 2026Close97.844Jun 8, 2026Close97.469Jun 12, 2026Close97.750Jun 18, 2026Close97.625Jun 25, 2026Close97.875Jul 1, 2026Close97.656Jul 8, 2026Close97.500Jul 14, 2026Close97.500Jul 20, 2026Close97.469Jul 24, 2026Close97.125Jul 30, 2026Close97.313Aug 5, 2026Close97.500Aug 11, 2026Close97.344Aug 17, 2026Close97.438Aug 21, 2026Close97.281Aug 27, 2026Close97.344Sep 2, 2026Close96.875Sep 9, 2026Close96.719
The most recent 20 trading days of prices for 91282CGJ4.
DateBidOfferClose
Sep 9, 202696.73496.71996.719
Sep 8, 202696.89196.87596.844
Sep 4, 202696.95396.93896.906
Sep 3, 202697.07897.06397.000
Sep 2, 202696.89196.87596.875
Sep 1, 202696.96996.96996.875
Aug 31, 202697.04797.03197.031
Aug 28, 202697.14197.12597.031
Aug 27, 202697.42297.40697.344
Aug 26, 202697.42297.40697.406
Aug 25, 202697.48497.46997.469
Aug 24, 202697.39197.37597.313
Aug 21, 202697.29797.28197.281
Aug 20, 202697.42297.40697.406
Aug 19, 202697.48497.46997.500
Aug 18, 202697.48497.46997.469
Aug 17, 202697.48497.46997.438
Aug 14, 202697.54797.53197.469
Aug 13, 202697.57897.56397.594
Aug 12, 202697.45397.43897.406

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 91282CGJ4.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Jan 26, 2023Jan 31, 2023New issue$35.0bn$35.0bn2.69x3.517%

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.