Treasury note

91282CGZ8 · 3.5% due April 30, 2030

Original term
7-Year
Maturity
Apr 30, 2030
Coupon
3.500%
Pays
Semi-Annual
Dated
Apr 30, 2023
First coupon
Oct 31, 2023
Priced through
Sep 9, 2026
Analyzed through
Sep 9, 2026

Statement of August 31, 2026

Amount outstanding
$38.04bn
Held stripped
$41.2m
Share stripped
0.11%

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
4.553%
Modified duration
3.325 yr
DV01
0.0325
Convexity
13.201
Dirty price
97.765

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 3.397 years against a modified duration of 3.325.

Against the fitted curve

Priced 1.3 bp rich to the curve on that day, 4.24 cents per 100 of face.

That is -1.87 standard deviations from its own typical residual.

Yield to maturity, 842 observations

3.00%3.50%4.00%4.50%5.00%5.50%May 1, 2023Sep 9, 2026May 1, 2023Yield to maturity3.617%May 5, 2023Yield to maturity3.414%May 11, 2023Yield to maturity3.368%May 17, 2023Yield to maturity3.577%May 23, 2023Yield to maturity3.727%May 30, 2023Yield to maturity3.764%Jun 5, 2023Yield to maturity3.774%Jun 9, 2023Yield to maturity3.849%Jun 15, 2023Yield to maturity3.823%Jun 22, 2023Yield to maturity3.930%Jun 28, 2023Yield to maturity3.851%Jul 5, 2023Yield to maturity4.120%Jul 11, 2023Yield to maturity4.137%Jul 17, 2023Yield to maturity3.928%Jul 21, 2023Yield to maturity3.988%Jul 27, 2023Yield to maturity4.163%Aug 2, 2023Yield to maturity4.192%Aug 8, 2023Yield to maturity4.084%Aug 14, 2023Yield to maturity4.311%Aug 18, 2023Yield to maturity4.358%Aug 24, 2023Yield to maturity4.359%Aug 30, 2023Yield to maturity4.249%Sep 6, 2023Yield to maturity4.408%Sep 12, 2023Yield to maturity4.376%Sep 18, 2023Yield to maturity4.429%Sep 22, 2023Yield to maturity4.551%Sep 28, 2023Yield to maturity4.657%Oct 4, 2023Yield to maturity4.770%Oct 11, 2023Yield to maturity4.633%Oct 17, 2023Yield to maturity4.900%Oct 23, 2023Yield to maturity4.885%Oct 27, 2023Yield to maturity4.859%Nov 2, 2023Yield to maturity4.707%Nov 8, 2023Yield to maturity4.558%Nov 14, 2023Yield to maturity4.473%Nov 20, 2023Yield to maturity4.481%Nov 27, 2023Yield to maturity4.448%Dec 1, 2023Yield to maturity4.224%Dec 7, 2023Yield to maturity4.174%Dec 13, 2023Yield to maturity4.055%Dec 19, 2023Yield to maturity3.976%Dec 26, 2023Yield to maturity3.932%Jan 2, 2024Yield to maturity3.973%Jan 8, 2024Yield to maturity4.014%Jan 12, 2024Yield to maturity3.912%Jan 19, 2024Yield to maturity4.127%Jan 25, 2024Yield to maturity4.093%Jan 31, 2024Yield to maturity3.955%Feb 6, 2024Yield to maturity4.084%Feb 12, 2024Yield to maturity4.173%Feb 16, 2024Yield to maturity4.324%Feb 23, 2024Yield to maturity4.302%Feb 29, 2024Yield to maturity4.285%Mar 6, 2024Yield to maturity4.138%Mar 12, 2024Yield to maturity4.181%Mar 18, 2024Yield to maturity4.375%Mar 22, 2024Yield to maturity4.233%Mar 28, 2024Yield to maturity4.234%Apr 3, 2024Yield to maturity4.363%Apr 9, 2024Yield to maturity4.390%Apr 15, 2024Yield to maturity4.657%Apr 19, 2024Yield to maturity4.660%Apr 25, 2024Yield to maturity4.731%May 1, 2024Yield to maturity4.652%May 7, 2024Yield to maturity4.481%May 13, 2024Yield to maturity4.508%May 17, 2024Yield to maturity4.448%May 23, 2024Yield to maturity4.518%May 30, 2024Yield to maturity4.590%Jun 5, 2024Yield to maturity4.317%Jun 11, 2024Yield to maturity4.413%Jun 17, 2024Yield to maturity4.302%Jun 24, 2024Yield to maturity4.273%Jun 28, 2024Yield to maturity4.351%Jul 5, 2024Yield to maturity4.240%Jul 11, 2024Yield to maturity4.147%Jul 17, 2024Yield to maturity4.093%Jul 23, 2024Yield to maturity4.176%Jul 29, 2024Yield to maturity4.090%Aug 2, 2024Yield to maturity3.658%Aug 8, 2024Yield to maturity3.874%Aug 14, 2024Yield to maturity3.707%Aug 20, 2024Yield to maturity3.733%Aug 26, 2024Yield to maturity3.709%Aug 30, 2024Yield to maturity3.778%Sep 6, 2024Yield to maturity3.561%Sep 12, 2024Yield to maturity3.524%Sep 18, 2024Yield to maturity3.530%Sep 24, 2024Yield to maturity3.537%Sep 30, 2024Yield to maturity3.624%Oct 4, 2024Yield to maturity3.846%Oct 10, 2024Yield to maturity3.948%Oct 17, 2024Yield to maturity3.937%Oct 23, 2024Yield to maturity4.087%Oct 29, 2024Yield to maturity4.141%Nov 4, 2024Yield to maturity4.202%Nov 8, 2024Yield to maturity4.223%Nov 15, 2024Yield to maturity4.331%Nov 21, 2024Yield to maturity4.326%Nov 27, 2024Yield to maturity4.156%Dec 4, 2024Yield to maturity4.098%Dec 10, 2024Yield to maturity4.120%Dec 16, 2024Yield to maturity4.275%Dec 20, 2024Yield to maturity4.399%Dec 27, 2024Yield to maturity4.477%Jan 3, 2025Yield to maturity4.439%Jan 9, 2025Yield to maturity4.496%Jan 15, 2025Yield to maturity4.485%Jan 22, 2025Yield to maturity4.453%Jan 28, 2025Yield to maturity4.366%Feb 3, 2025Yield to maturity4.383%Feb 7, 2025Yield to maturity4.371%Feb 13, 2025Yield to maturity4.415%Feb 20, 2025Yield to maturity4.376%Feb 26, 2025Yield to maturity4.108%Mar 4, 2025Yield to maturity4.041%Mar 10, 2025Yield to maturity4.015%Mar 14, 2025Yield to maturity4.121%Mar 20, 2025Yield to maturity4.039%Mar 26, 2025Yield to maturity4.117%Apr 1, 2025Yield to maturity3.931%Apr 7, 2025Yield to maturity3.835%Apr 11, 2025Yield to maturity4.172%Apr 17, 2025Yield to maturity3.970%Apr 23, 2025Yield to maturity4.035%Apr 29, 2025Yield to maturity3.791%May 5, 2025Yield to maturity3.960%May 9, 2025Yield to maturity4.011%May 15, 2025Yield to maturity4.083%May 21, 2025Yield to maturity4.156%May 28, 2025Yield to maturity4.079%Jun 3, 2025Yield to maturity4.045%Jun 9, 2025Yield to maturity4.105%Jun 13, 2025Yield to maturity4.027%Jun 20, 2025Yield to maturity3.971%Jun 26, 2025Yield to maturity3.806%Jul 2, 2025Yield to maturity3.872%Jul 9, 2025Yield to maturity3.924%Jul 15, 2025Yield to maturity4.057%Jul 21, 2025Yield to maturity3.912%Jul 25, 2025Yield to maturity3.950%Jul 31, 2025Yield to maturity3.958%Aug 6, 2025Yield to maturity3.761%Aug 12, 2025Yield to maturity3.821%Aug 18, 2025Yield to maturity3.851%Aug 22, 2025Yield to maturity3.749%Aug 28, 2025Yield to maturity3.690%Sep 4, 2025Yield to maturity3.639%Sep 10, 2025Yield to maturity3.580%Sep 16, 2025Yield to maturity3.581%Sep 22, 2025Yield to maturity3.685%Sep 26, 2025Yield to maturity3.761%Oct 2, 2025Yield to maturity3.664%Oct 8, 2025Yield to maturity3.710%Oct 15, 2025Yield to maturity3.613%Oct 21, 2025Yield to maturity3.545%Oct 27, 2025Yield to maturity3.598%Oct 31, 2025Yield to maturity3.690%Nov 6, 2025Yield to maturity3.668%Nov 13, 2025Yield to maturity3.684%Nov 19, 2025Yield to maturity3.684%Nov 25, 2025Yield to maturity3.546%Dec 2, 2025Yield to maturity3.631%Dec 8, 2025Yield to maturity3.717%Dec 12, 2025Yield to maturity3.710%Dec 18, 2025Yield to maturity3.624%Dec 24, 2025Yield to maturity3.672%Dec 31, 2025Yield to maturity3.680%Jan 7, 2026Yield to maturity3.641%Jan 13, 2026Yield to maturity3.698%Jan 20, 2026Yield to maturity3.803%Jan 26, 2026Yield to maturity3.771%Jan 30, 2026Yield to maturity3.740%Feb 5, 2026Yield to maturity3.684%Feb 11, 2026Yield to maturity3.693%Feb 18, 2026Yield to maturity3.604%Feb 24, 2026Yield to maturity3.556%Mar 2, 2026Yield to maturity3.581%Mar 6, 2026Yield to maturity3.688%Mar 12, 2026Yield to maturity3.846%Mar 18, 2026Yield to maturity3.839%Mar 24, 2026Yield to maturity4.008%Mar 30, 2026Yield to maturity3.934%Apr 3, 2026Yield to maturity3.953%Apr 9, 2026Yield to maturity3.878%Apr 15, 2026Yield to maturity3.854%Apr 21, 2026Yield to maturity3.864%Apr 27, 2026Yield to maturity3.908%May 1, 2026Yield to maturity3.979%May 7, 2026Yield to maturity4.006%May 13, 2026Yield to maturity4.086%May 19, 2026Yield to maturity4.282%May 26, 2026Yield to maturity4.161%Jun 1, 2026Yield to maturity4.155%Jun 5, 2026Yield to maturity4.264%Jun 11, 2026Yield to maturity4.150%Jun 17, 2026Yield to maturity4.260%Jun 24, 2026Yield to maturity4.173%Jun 30, 2026Yield to maturity4.176%Jul 7, 2026Yield to maturity4.252%Jul 13, 2026Yield to maturity4.337%Jul 17, 2026Yield to maturity4.249%Jul 23, 2026Yield to maturity4.435%Jul 29, 2026Yield to maturity4.337%Aug 4, 2026Yield to maturity4.294%Aug 10, 2026Yield to maturity4.363%Aug 14, 2026Yield to maturity4.301%Aug 20, 2026Yield to maturity4.322%Aug 26, 2026Yield to maturity4.335%Sep 1, 2026Yield to maturity4.509%Sep 8, 2026Yield to maturity4.514%Sep 9, 2026Yield to maturity4.553%

Price history

842 trading days to Sep 9, 2026

9092949698100102May 1, 2023Sep 9, 2026May 1, 2023Close99.281May 5, 2023Close100.531May 11, 2023Close100.813May 17, 2023Close99.531May 23, 2023Close98.625May 30, 2023Close98.406Jun 5, 2023Close98.344Jun 9, 2023Close97.906Jun 15, 2023Close98.063Jun 22, 2023Close97.438Jun 28, 2023Close97.906Jul 5, 2023Close96.344Jul 11, 2023Close96.250Jul 17, 2023Close97.469Jul 21, 2023Close97.125Jul 27, 2023Close96.125Aug 2, 2023Close95.969Aug 8, 2023Close96.594Aug 14, 2023Close95.313Aug 18, 2023Close95.063Aug 24, 2023Close95.063Aug 30, 2023Close95.688Sep 6, 2023Close94.813Sep 12, 2023Close95.000Sep 18, 2023Close94.719Sep 22, 2023Close94.063Sep 28, 2023Close93.500Oct 4, 2023Close92.906Oct 11, 2023Close93.656Oct 17, 2023Close92.250Oct 23, 2023Close92.344Oct 27, 2023Close92.500Nov 2, 2023Close93.313Nov 8, 2023Close94.125Nov 14, 2023Close94.594Nov 20, 2023Close94.563Nov 27, 2023Close94.750Dec 1, 2023Close95.969Dec 7, 2023Close96.250Dec 13, 2023Close96.906Dec 19, 2023Close97.344Dec 26, 2023Close97.594Jan 2, 2024Close97.375Jan 8, 2024Close97.156Jan 12, 2024Close97.719Jan 19, 2024Close96.563Jan 25, 2024Close96.750Jan 31, 2024Close97.500Feb 6, 2024Close96.813Feb 12, 2024Close96.344Feb 16, 2024Close95.563Feb 23, 2024Close95.688Feb 29, 2024Close95.781Mar 6, 2024Close96.563Mar 12, 2024Close96.344Mar 18, 2024Close95.344Mar 22, 2024Close96.094Mar 28, 2024Close96.094Apr 3, 2024Close95.438Apr 9, 2024Close95.313Apr 15, 2024Close93.969Apr 19, 2024Close93.969Apr 25, 2024Close93.625May 1, 2024Close94.031May 7, 2024Close94.906May 13, 2024Close94.781May 17, 2024Close95.094May 23, 2024Close94.750May 30, 2024Close94.406Jun 5, 2024Close95.781Jun 11, 2024Close95.313Jun 17, 2024Close95.875Jun 24, 2024Close96.031Jun 28, 2024Close95.656Jul 5, 2024Close96.219Jul 11, 2024Close96.688Jul 17, 2024Close96.969Jul 23, 2024Close96.563Jul 29, 2024Close97.000Aug 2, 2024Close99.188Aug 8, 2024Close98.094Aug 14, 2024Close98.938Aug 20, 2024Close98.813Aug 26, 2024Close98.938Aug 30, 2024Close98.594Sep 6, 2024Close99.688Sep 12, 2024Close99.875Sep 18, 2024Close99.844Sep 24, 2024Close99.813Sep 30, 2024Close99.375Oct 4, 2024Close98.281Oct 10, 2024Close97.781Oct 17, 2024Close97.844Oct 23, 2024Close97.125Oct 29, 2024Close96.875Nov 4, 2024Close96.594Nov 8, 2024Close96.500Nov 15, 2024Close96.000Nov 21, 2024Close96.031Nov 27, 2024Close96.844Dec 4, 2024Close97.125Dec 10, 2024Close97.031Dec 16, 2024Close96.313Dec 20, 2024Close95.750Dec 27, 2024Close95.406Jan 3, 2025Close95.594Jan 9, 2025Close95.344Jan 15, 2025Close95.406Jan 22, 2025Close95.563Jan 28, 2025Close95.969Feb 3, 2025Close95.906Feb 7, 2025Close95.969Feb 13, 2025Close95.781Feb 20, 2025Close95.969Feb 26, 2025Close97.188Mar 4, 2025Close97.500Mar 10, 2025Close97.625Mar 14, 2025Close97.156Mar 20, 2025Close97.531Mar 26, 2025Close97.188Apr 1, 2025Close98.031Apr 7, 2025Close98.469Apr 11, 2025Close96.969Apr 17, 2025Close97.875Apr 23, 2025Close97.594Apr 29, 2025Close98.688May 5, 2025Close97.938May 9, 2025Close97.719May 15, 2025Close97.406May 21, 2025Close97.094May 28, 2025Close97.438Jun 3, 2025Close97.594Jun 9, 2025Close97.344Jun 13, 2025Close97.688Jun 20, 2025Close97.938Jun 26, 2025Close98.656Jul 2, 2025Close98.375Jul 9, 2025Close98.156Jul 15, 2025Close97.594Jul 21, 2025Close98.219Jul 25, 2025Close98.063Jul 31, 2025Close98.031Aug 6, 2025Close98.875Aug 12, 2025Close98.625Aug 18, 2025Close98.500Aug 22, 2025Close98.938Aug 28, 2025Close99.188Sep 4, 2025Close99.406Sep 10, 2025Close99.656Sep 16, 2025Close99.656Sep 22, 2025Close99.219Sep 26, 2025Close98.906Oct 2, 2025Close99.313Oct 8, 2025Close99.125Oct 15, 2025Close99.531Oct 21, 2025Close99.813Oct 27, 2025Close99.594Oct 31, 2025Close99.219Nov 6, 2025Close99.313Nov 13, 2025Close99.250Nov 19, 2025Close99.250Nov 25, 2025Close99.813Dec 2, 2025Close99.469Dec 8, 2025Close99.125Dec 12, 2025Close99.156Dec 18, 2025Close99.500Dec 24, 2025Close99.313Dec 31, 2025Close99.281Jan 7, 2026Close99.438Jan 13, 2026Close99.219Jan 20, 2026Close98.813Jan 26, 2026Close98.938Jan 30, 2026Close99.063Feb 5, 2026Close99.281Feb 11, 2026Close99.250Feb 18, 2026Close99.594Feb 24, 2026Close99.781Mar 2, 2026Close99.688Mar 6, 2026Close99.281Mar 12, 2026Close98.688Mar 18, 2026Close98.719Mar 24, 2026Close98.094Mar 30, 2026Close98.375Apr 3, 2026Close98.313Apr 9, 2026Close98.594Apr 15, 2026Close98.688Apr 21, 2026Close98.656Apr 27, 2026Close98.500May 1, 2026Close98.250May 7, 2026Close98.156May 13, 2026Close97.875May 19, 2026Close97.188May 26, 2026Close97.625Jun 1, 2026Close97.656Jun 5, 2026Close97.281Jun 11, 2026Close97.688Jun 17, 2026Close97.313Jun 24, 2026Close97.625Jun 30, 2026Close97.625Jul 7, 2026Close97.375Jul 13, 2026Close97.094Jul 17, 2026Close97.406Jul 23, 2026Close96.781Jul 29, 2026Close97.125Aug 4, 2026Close97.281Aug 10, 2026Close97.063Aug 14, 2026Close97.281Aug 20, 2026Close97.219Aug 26, 2026Close97.188Sep 1, 2026Close96.625Sep 8, 2026Close96.625Sep 9, 2026Close96.500
The most recent 20 trading days of prices for 91282CGZ8.
DateBidOfferClose
Sep 9, 202696.50096.46996.500
Sep 8, 202696.67296.65696.625
Sep 4, 202696.71996.68896.688
Sep 3, 202696.85996.84496.781
Sep 2, 202696.67296.65696.656
Sep 1, 202696.73496.71996.625
Aug 31, 202696.82896.81396.813
Aug 28, 202696.92296.90696.813
Aug 27, 202697.23497.21997.156
Aug 26, 202697.23497.21997.188
Aug 25, 202697.29797.28197.281
Aug 24, 202697.17297.15697.094
Aug 21, 202697.07897.06397.063
Aug 20, 202697.21997.18897.219
Aug 19, 202697.26697.25097.281
Aug 18, 202697.26697.25097.250
Aug 17, 202697.29797.28197.219
Aug 14, 202697.35997.34497.281
Aug 13, 202697.39197.37597.375
Aug 12, 202697.26697.25097.188

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 91282CGZ8.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Apr 27, 2023May 1, 2023New issue$35.0bn$38.4bn2.41x3.563%

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.