Treasury note

91282CHC8 · 3.375% due May 15, 2033

Original term
10-Year
Maturity
May 15, 2033
Coupon
3.375%
Pays
Semi-Annual
Dated
May 15, 2023
First coupon
Nov 15, 2023
Priced through
Sep 9, 2026
Analyzed through
Sep 9, 2026

Statement of August 31, 2026

Amount outstanding
$108.21bn
Held stripped
$225.0m
Share stripped
0.21%

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
4.713%
Modified duration
5.799 yr
DV01
0.0542
Convexity
39.206
Dirty price
93.488

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 5.932 years against a modified duration of 5.799.

Against the fitted curve

Priced 3.5 bp cheap to the curve on that day, 18.87 cents per 100 of face.

That is 1.16 standard deviations from its own typical residual.

Yield to maturity, 832 observations

3.25%3.50%3.75%4.00%4.25%4.50%4.75%5.00%May 15, 2023Sep 9, 2026May 15, 2023Yield to maturity3.498%May 19, 2023Yield to maturity3.696%May 25, 2023Yield to maturity3.823%Jun 1, 2023Yield to maturity3.608%Jun 7, 2023Yield to maturity3.789%Jun 13, 2023Yield to maturity3.837%Jun 20, 2023Yield to maturity3.736%Jun 26, 2023Yield to maturity3.721%Jun 30, 2023Yield to maturity3.811%Jul 7, 2023Yield to maturity4.058%Jul 13, 2023Yield to maturity3.761%Jul 19, 2023Yield to maturity3.750%Jul 25, 2023Yield to maturity3.904%Jul 31, 2023Yield to maturity3.965%Aug 4, 2023Yield to maturity4.046%Aug 10, 2023Yield to maturity4.099%Aug 16, 2023Yield to maturity4.280%Aug 22, 2023Yield to maturity4.344%Aug 28, 2023Yield to maturity4.213%Sep 1, 2023Yield to maturity4.185%Sep 8, 2023Yield to maturity4.265%Sep 14, 2023Yield to maturity4.299%Sep 20, 2023Yield to maturity4.351%Sep 26, 2023Yield to maturity4.560%Oct 2, 2023Yield to maturity4.691%Oct 6, 2023Yield to maturity4.780%Oct 13, 2023Yield to maturity4.630%Oct 19, 2023Yield to maturity4.979%Oct 25, 2023Yield to maturity4.950%Oct 31, 2023Yield to maturity4.881%Nov 6, 2023Yield to maturity4.663%Nov 10, 2023Yield to maturity4.639%Nov 16, 2023Yield to maturity4.471%Nov 22, 2023Yield to maturity4.439%Nov 29, 2023Yield to maturity4.283%Dec 5, 2023Yield to maturity4.195%Dec 11, 2023Yield to maturity4.247%Dec 15, 2023Yield to maturity3.919%Dec 21, 2023Yield to maturity3.895%Dec 28, 2023Yield to maturity3.843%Jan 4, 2024Yield to maturity3.996%Jan 10, 2024Yield to maturity4.038%Jan 17, 2024Yield to maturity4.098%Jan 23, 2024Yield to maturity4.137%Jan 29, 2024Yield to maturity4.067%Feb 2, 2024Yield to maturity4.030%Feb 8, 2024Yield to maturity4.179%Feb 14, 2024Yield to maturity4.287%Feb 21, 2024Yield to maturity4.345%Feb 27, 2024Yield to maturity4.329%Mar 4, 2024Yield to maturity4.240%Mar 8, 2024Yield to maturity4.100%Mar 14, 2024Yield to maturity4.307%Mar 20, 2024Yield to maturity4.282%Mar 26, 2024Yield to maturity4.240%Apr 1, 2024Yield to maturity4.337%Apr 5, 2024Yield to maturity4.400%Apr 11, 2024Yield to maturity4.575%Apr 17, 2024Yield to maturity4.599%Apr 23, 2024Yield to maturity4.614%Apr 29, 2024Yield to maturity4.639%May 3, 2024Yield to maturity4.506%May 9, 2024Yield to maturity4.467%May 15, 2024Yield to maturity4.371%May 21, 2024Yield to maturity4.421%May 28, 2024Yield to maturity4.553%Jun 3, 2024Yield to maturity4.416%Jun 7, 2024Yield to maturity4.444%Jun 13, 2024Yield to maturity4.245%Jun 20, 2024Yield to maturity4.260%Jun 26, 2024Yield to maturity4.328%Jul 2, 2024Yield to maturity4.432%Jul 9, 2024Yield to maturity4.295%Jul 15, 2024Yield to maturity4.221%Jul 19, 2024Yield to maturity4.236%Jul 25, 2024Yield to maturity4.250%Jul 31, 2024Yield to maturity4.065%Aug 6, 2024Yield to maturity3.879%Aug 12, 2024Yield to maturity3.901%Aug 16, 2024Yield to maturity3.885%Aug 22, 2024Yield to maturity3.846%Aug 28, 2024Yield to maturity3.821%Sep 4, 2024Yield to maturity3.731%Sep 10, 2024Yield to maturity3.607%Sep 16, 2024Yield to maturity3.586%Sep 20, 2024Yield to maturity3.681%Sep 26, 2024Yield to maturity3.750%Oct 2, 2024Yield to maturity3.747%Oct 8, 2024Yield to maturity4.007%Oct 15, 2024Yield to maturity3.999%Oct 21, 2024Yield to maturity4.140%Oct 25, 2024Yield to maturity4.214%Oct 31, 2024Yield to maturity4.260%Nov 6, 2024Yield to maturity4.423%Nov 13, 2024Yield to maturity4.439%Nov 19, 2024Yield to maturity4.371%Nov 25, 2024Yield to maturity4.257%Dec 2, 2024Yield to maturity4.176%Dec 6, 2024Yield to maturity4.136%Dec 12, 2024Yield to maturity4.298%Dec 18, 2024Yield to maturity4.487%Dec 24, 2024Yield to maturity4.570%Dec 31, 2024Yield to maturity4.544%Jan 7, 2025Yield to maturity4.641%Jan 13, 2025Yield to maturity4.769%Jan 17, 2025Yield to maturity4.574%Jan 24, 2025Yield to maturity4.585%Jan 30, 2025Yield to maturity4.472%Feb 5, 2025Yield to maturity4.383%Feb 11, 2025Yield to maturity4.500%Feb 18, 2025Yield to maturity4.521%Feb 24, 2025Yield to maturity4.360%Feb 28, 2025Yield to maturity4.187%Mar 6, 2025Yield to maturity4.240%Mar 12, 2025Yield to maturity4.261%Mar 18, 2025Yield to maturity4.234%Mar 24, 2025Yield to maturity4.273%Mar 28, 2025Yield to maturity4.194%Apr 3, 2025Yield to maturity3.970%Apr 9, 2025Yield to maturity4.278%Apr 15, 2025Yield to maturity4.251%Apr 21, 2025Yield to maturity4.300%Apr 25, 2025Yield to maturity4.173%May 1, 2025Yield to maturity4.117%May 7, 2025Yield to maturity4.151%May 13, 2025Yield to maturity4.384%May 19, 2025Yield to maturity4.342%May 23, 2025Yield to maturity4.378%May 30, 2025Yield to maturity4.273%Jun 5, 2025Yield to maturity4.264%Jun 11, 2025Yield to maturity4.280%Jun 17, 2025Yield to maturity4.248%Jun 24, 2025Yield to maturity4.143%Jun 30, 2025Yield to maturity4.072%Jul 7, 2025Yield to maturity4.238%Jul 11, 2025Yield to maturity4.274%Jul 17, 2025Yield to maturity4.305%Jul 23, 2025Yield to maturity4.228%Jul 29, 2025Yield to maturity4.175%Aug 4, 2025Yield to maturity4.031%Aug 8, 2025Yield to maturity4.100%Aug 14, 2025Yield to maturity4.096%Aug 20, 2025Yield to maturity4.087%Aug 26, 2025Yield to maturity4.045%Sep 2, 2025Yield to maturity4.056%Sep 8, 2025Yield to maturity3.843%Sep 12, 2025Yield to maturity3.868%Sep 18, 2025Yield to maturity3.918%Sep 24, 2025Yield to maturity3.963%Sep 30, 2025Yield to maturity3.978%Oct 6, 2025Yield to maturity3.994%Oct 10, 2025Yield to maturity3.878%Oct 17, 2025Yield to maturity3.825%Oct 23, 2025Yield to maturity3.831%Oct 29, 2025Yield to maturity3.910%Nov 4, 2025Yield to maturity3.916%Nov 10, 2025Yield to maturity3.942%Nov 17, 2025Yield to maturity3.943%Nov 21, 2025Yield to maturity3.855%Nov 28, 2025Yield to maturity3.827%Dec 4, 2025Yield to maturity3.916%Dec 10, 2025Yield to maturity3.952%Dec 16, 2025Yield to maturity3.938%Dec 22, 2025Yield to maturity3.965%Dec 29, 2025Yield to maturity3.916%Jan 5, 2026Yield to maturity3.957%Jan 9, 2026Yield to maturity3.984%Jan 15, 2026Yield to maturity3.989%Jan 22, 2026Yield to maturity4.072%Jan 28, 2026Yield to maturity4.079%Feb 3, 2026Yield to maturity4.080%Feb 9, 2026Yield to maturity4.000%Feb 13, 2026Yield to maturity3.843%Feb 20, 2026Yield to maturity3.880%Feb 26, 2026Yield to maturity3.809%Mar 4, 2026Yield to maturity3.892%Mar 10, 2026Yield to maturity3.949%Mar 16, 2026Yield to maturity4.023%Mar 20, 2026Yield to maturity4.223%Mar 26, 2026Yield to maturity4.277%Apr 1, 2026Yield to maturity4.163%Apr 7, 2026Yield to maturity4.148%Apr 13, 2026Yield to maturity4.113%Apr 17, 2026Yield to maturity4.052%Apr 23, 2026Yield to maturity4.148%Apr 29, 2026Yield to maturity4.240%May 5, 2026Yield to maturity4.252%May 11, 2026Yield to maturity4.244%May 15, 2026Yield to maturity4.435%May 21, 2026Yield to maturity4.414%May 28, 2026Yield to maturity4.308%Jun 3, 2026Yield to maturity4.353%Jun 9, 2026Yield to maturity4.394%Jun 15, 2026Yield to maturity4.325%Jun 22, 2026Yield to maturity4.398%Jun 26, 2026Yield to maturity4.247%Jul 2, 2026Yield to maturity4.353%Jul 9, 2026Yield to maturity4.399%Jul 15, 2026Yield to maturity4.390%Jul 21, 2026Yield to maturity4.492%Jul 27, 2026Yield to maturity4.511%Jul 31, 2026Yield to maturity4.581%Aug 6, 2026Yield to maturity4.521%Aug 12, 2026Yield to maturity4.512%Aug 18, 2026Yield to maturity4.520%Aug 24, 2026Yield to maturity4.534%Aug 28, 2026Yield to maturity4.593%Sep 3, 2026Yield to maturity4.629%Sep 9, 2026Yield to maturity4.713%

Price history

832 trading days to Sep 9, 2026

86889092949698100May 15, 2023Sep 9, 2026May 15, 2023Close98.969May 19, 2023Close97.344May 25, 2023Close96.313Jun 1, 2023Close98.063Jun 7, 2023Close96.594Jun 13, 2023Close96.219Jun 20, 2023Close97.031Jun 26, 2023Close97.156Jun 30, 2023Close96.438Jul 7, 2023Close94.500Jul 13, 2023Close96.844Jul 19, 2023Close96.938Jul 25, 2023Close95.719Jul 31, 2023Close95.250Aug 4, 2023Close94.625Aug 10, 2023Close94.219Aug 16, 2023Close92.844Aug 22, 2023Close92.375Aug 28, 2023Close93.375Sep 1, 2023Close93.594Sep 8, 2023Close93.000Sep 14, 2023Close92.750Sep 20, 2023Close92.375Sep 26, 2023Close90.844Oct 2, 2023Close89.906Oct 6, 2023Close89.281Oct 13, 2023Close90.375Oct 19, 2023Close87.906Oct 25, 2023Close88.125Oct 31, 2023Close88.625Nov 6, 2023Close90.188Nov 10, 2023Close90.375Nov 16, 2023Close91.594Nov 22, 2023Close91.844Nov 29, 2023Close93.000Dec 5, 2023Close93.656Dec 11, 2023Close93.281Dec 15, 2023Close95.750Dec 21, 2023Close95.938Dec 28, 2023Close96.344Jan 4, 2024Close95.188Jan 10, 2024Close94.875Jan 17, 2024Close94.438Jan 23, 2024Close94.156Jan 29, 2024Close94.688Feb 2, 2024Close94.969Feb 8, 2024Close93.875Feb 14, 2024Close93.094Feb 21, 2024Close92.688Feb 27, 2024Close92.813Mar 4, 2024Close93.469Mar 8, 2024Close94.500Mar 14, 2024Close93.000Mar 20, 2024Close93.188Mar 26, 2024Close93.500Apr 1, 2024Close92.813Apr 5, 2024Close92.375Apr 11, 2024Close91.156Apr 17, 2024Close91.000Apr 23, 2024Close90.906Apr 29, 2024Close90.750May 3, 2024Close91.688May 9, 2024Close91.969May 15, 2024Close92.656May 21, 2024Close92.313May 28, 2024Close91.406Jun 3, 2024Close92.375Jun 7, 2024Close92.188Jun 13, 2024Close93.594Jun 20, 2024Close93.500Jun 26, 2024Close93.031Jul 2, 2024Close92.313Jul 9, 2024Close93.281Jul 15, 2024Close93.813Jul 19, 2024Close93.719Jul 25, 2024Close93.625Jul 31, 2024Close94.938Aug 6, 2024Close96.281Aug 12, 2024Close96.125Aug 16, 2024Close96.250Aug 22, 2024Close96.531Aug 28, 2024Close96.719Sep 4, 2024Close97.375Sep 10, 2024Close98.281Sep 16, 2024Close98.438Sep 20, 2024Close97.750Sep 26, 2024Close97.250Oct 2, 2024Close97.281Oct 8, 2024Close95.438Oct 15, 2024Close95.500Oct 21, 2024Close94.531Oct 25, 2024Close94.031Oct 31, 2024Close93.719Nov 6, 2024Close92.625Nov 13, 2024Close92.531Nov 19, 2024Close93.000Nov 25, 2024Close93.781Dec 2, 2024Close94.344Dec 6, 2024Close94.625Dec 12, 2024Close93.531Dec 18, 2024Close92.281Dec 24, 2024Close91.750Dec 31, 2024Close91.938Jan 7, 2025Close91.313Jan 13, 2025Close90.500Jan 17, 2025Close91.781Jan 24, 2025Close91.719Jan 30, 2025Close92.469Feb 5, 2025Close93.063Feb 11, 2025Close92.313Feb 18, 2025Close92.188Feb 24, 2025Close93.250Feb 28, 2025Close94.406Mar 6, 2025Close94.063Mar 12, 2025Close93.938Mar 18, 2025Close94.125Mar 24, 2025Close93.875Mar 28, 2025Close94.406Apr 3, 2025Close95.906Apr 9, 2025Close93.875Apr 15, 2025Close94.063Apr 21, 2025Close93.750Apr 25, 2025Close94.594May 1, 2025Close94.969May 7, 2025Close94.750May 13, 2025Close93.250May 19, 2025Close93.531May 23, 2025Close93.313May 30, 2025Close94.000Jun 5, 2025Close94.063Jun 11, 2025Close93.969Jun 17, 2025Close94.188Jun 24, 2025Close94.875Jun 30, 2025Close95.344Jul 7, 2025Close94.281Jul 11, 2025Close94.063Jul 17, 2025Close93.875Jul 23, 2025Close94.375Jul 29, 2025Close94.719Aug 4, 2025Close95.656Aug 8, 2025Close95.219Aug 14, 2025Close95.250Aug 20, 2025Close95.313Aug 26, 2025Close95.594Sep 2, 2025Close95.531Sep 8, 2025Close96.906Sep 12, 2025Close96.750Sep 18, 2025Close96.438Sep 24, 2025Close96.156Sep 30, 2025Close96.063Oct 6, 2025Close95.969Oct 10, 2025Close96.719Oct 17, 2025Close97.063Oct 23, 2025Close97.031Oct 29, 2025Close96.531Nov 4, 2025Close96.500Nov 10, 2025Close96.344Nov 17, 2025Close96.344Nov 21, 2025Close96.906Nov 28, 2025Close97.094Dec 4, 2025Close96.531Dec 10, 2025Close96.313Dec 16, 2025Close96.406Dec 22, 2025Close96.250Dec 29, 2025Close96.563Jan 5, 2026Close96.313Jan 9, 2026Close96.156Jan 15, 2026Close96.125Jan 22, 2026Close95.625Jan 28, 2026Close95.594Feb 3, 2026Close95.594Feb 9, 2026Close96.094Feb 13, 2026Close97.063Feb 20, 2026Close96.844Feb 26, 2026Close97.281Mar 4, 2026Close96.781Mar 10, 2026Close96.438Mar 16, 2026Close96.000Mar 20, 2026Close94.813Mar 26, 2026Close94.500Apr 1, 2026Close95.188Apr 7, 2026Close95.281Apr 13, 2026Close95.500Apr 17, 2026Close95.875Apr 23, 2026Close95.313Apr 29, 2026Close94.781May 5, 2026Close94.719May 11, 2026Close94.781May 15, 2026Close93.688May 21, 2026Close93.813May 28, 2026Close94.438Jun 3, 2026Close94.188Jun 9, 2026Close93.969Jun 15, 2026Close94.375Jun 22, 2026Close93.969Jun 26, 2026Close94.844Jul 2, 2026Close94.250Jul 9, 2026Close94.000Jul 15, 2026Close94.063Jul 21, 2026Close93.500Jul 27, 2026Close93.406Jul 31, 2026Close93.031Aug 6, 2026Close93.375Aug 12, 2026Close93.438Aug 18, 2026Close93.406Aug 24, 2026Close93.344Aug 28, 2026Close93.031Sep 3, 2026Close92.844Sep 9, 2026Close92.406
The most recent 20 trading days of prices for 91282CHC8.
DateBidOfferClose
Sep 9, 202692.39192.37592.406
Sep 8, 202692.68892.65692.625
Sep 4, 202692.79792.78192.750
Sep 3, 202692.98492.96992.844
Sep 2, 202692.68892.65692.688
Sep 1, 202692.85992.84492.656
Aug 31, 202692.93892.90692.938
Aug 28, 202693.21993.18893.031
Aug 27, 202693.59493.56393.469
Aug 26, 202693.60993.59493.531
Aug 25, 202693.67293.65693.719
Aug 24, 202693.45393.43893.344
Aug 21, 202693.20393.18893.188
Aug 20, 202693.40693.37593.438
Aug 19, 202693.60993.59493.656
Aug 18, 202693.42293.40693.406
Aug 17, 202693.45393.43893.375
Aug 14, 202693.57893.56393.500
Aug 13, 202693.76693.75093.750
Aug 12, 202693.54793.53193.438

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 91282CHC8.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
May 10, 2023May 15, 2023New issue$35.0bn$44.5bn2.45x3.448%
Jun 12, 2023Jun 15, 2023Reopening$32.0bn$32.0bn2.36x3.791%
Jul 12, 2023Jul 17, 2023Reopening$32.0bn$32.0bn2.53x3.857%

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.