Treasury note

91282CHF1 · 3.75% due May 31, 2030

Original term
7-Year
Maturity
May 31, 2030
Coupon
3.750%
Pays
Semi-Annual
Dated
May 31, 2023
First coupon
Nov 30, 2023
Priced through
Sep 9, 2026
Analyzed through
Sep 9, 2026

Statement of August 31, 2026

Amount outstanding
$40.69bn
Held stripped
$1.4m
Share stripped
<0.01%

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
4.560%
Modified duration
3.391 yr
DV01
0.0333
Convexity
13.708
Dirty price
98.295

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 3.467 years against a modified duration of 3.391.

Against the fitted curve

Priced 1.2 bp rich to the curve on that day, 4.06 cents per 100 of face.

That is -1.61 standard deviations from its own typical residual.

Yield to maturity, 821 observations

3.00%3.50%4.00%4.50%5.00%5.50%May 31, 2023Sep 9, 2026May 31, 2023Yield to maturity3.694%Jun 6, 2023Yield to maturity3.776%Jun 12, 2023Yield to maturity3.822%Jun 16, 2023Yield to maturity3.884%Jun 23, 2023Yield to maturity3.879%Jun 29, 2023Yield to maturity4.010%Jul 6, 2023Yield to maturity4.229%Jul 12, 2023Yield to maturity3.985%Jul 18, 2023Yield to maturity3.917%Jul 24, 2023Yield to maturity4.013%Jul 28, 2023Yield to maturity4.104%Aug 3, 2023Yield to maturity4.277%Aug 9, 2023Yield to maturity4.089%Aug 15, 2023Yield to maturity4.323%Aug 21, 2023Yield to maturity4.434%Aug 25, 2023Yield to maturity4.386%Aug 31, 2023Yield to maturity4.206%Sep 7, 2023Yield to maturity4.360%Sep 13, 2023Yield to maturity4.356%Sep 19, 2023Yield to maturity4.486%Sep 25, 2023Yield to maturity4.628%Sep 29, 2023Yield to maturity4.647%Oct 5, 2023Yield to maturity4.740%Oct 12, 2023Yield to maturity4.748%Oct 18, 2023Yield to maturity4.965%Oct 24, 2023Yield to maturity4.880%Oct 30, 2023Yield to maturity4.900%Nov 3, 2023Yield to maturity4.567%Nov 9, 2023Yield to maturity4.702%Nov 15, 2023Yield to maturity4.570%Nov 21, 2023Yield to maturity4.458%Nov 28, 2023Yield to maturity4.374%Dec 4, 2023Yield to maturity4.307%Dec 8, 2023Yield to maturity4.291%Dec 14, 2023Yield to maturity3.949%Dec 20, 2023Yield to maturity3.899%Dec 27, 2023Yield to maturity3.822%Jan 3, 2024Yield to maturity3.939%Jan 9, 2024Yield to maturity4.018%Jan 16, 2024Yield to maturity4.024%Jan 22, 2024Yield to maturity4.082%Jan 26, 2024Yield to maturity4.122%Feb 1, 2024Yield to maturity3.845%Feb 7, 2024Yield to maturity4.101%Feb 13, 2024Yield to maturity4.339%Feb 20, 2024Yield to maturity4.294%Feb 26, 2024Yield to maturity4.330%Mar 1, 2024Yield to maturity4.209%Mar 7, 2024Yield to maturity4.111%Mar 13, 2024Yield to maturity4.216%Mar 19, 2024Yield to maturity4.329%Mar 25, 2024Yield to maturity4.266%Mar 29, 2024Yield to maturity4.238%Apr 4, 2024Yield to maturity4.327%Apr 10, 2024Yield to maturity4.611%Apr 16, 2024Yield to maturity4.699%Apr 22, 2024Yield to maturity4.664%Apr 26, 2024Yield to maturity4.710%May 2, 2024Yield to maturity4.589%May 8, 2024Yield to maturity4.511%May 14, 2024Yield to maturity4.464%May 20, 2024Yield to maturity4.460%May 24, 2024Yield to maturity4.511%May 31, 2024Yield to maturity4.538%Jun 6, 2024Yield to maturity4.300%Jun 12, 2024Yield to maturity4.326%Jun 18, 2024Yield to maturity4.242%Jun 25, 2024Yield to maturity4.261%Jul 1, 2024Yield to maturity4.460%Jul 8, 2024Yield to maturity4.245%Jul 12, 2024Yield to maturity4.124%Jul 18, 2024Yield to maturity4.137%Jul 24, 2024Yield to maturity4.193%Jul 30, 2024Yield to maturity4.071%Aug 5, 2024Yield to maturity3.659%Aug 9, 2024Yield to maturity3.840%Aug 15, 2024Yield to maturity3.822%Aug 21, 2024Yield to maturity3.689%Aug 27, 2024Yield to maturity3.713%Sep 3, 2024Yield to maturity3.713%Sep 9, 2024Yield to maturity3.548%Sep 13, 2024Yield to maturity3.493%Sep 19, 2024Yield to maturity3.560%Sep 25, 2024Yield to maturity3.590%Oct 1, 2024Yield to maturity3.571%Oct 7, 2024Yield to maturity3.905%Oct 11, 2024Yield to maturity3.930%Oct 18, 2024Yield to maturity3.925%Oct 24, 2024Yield to maturity4.071%Oct 30, 2024Yield to maturity4.180%Nov 5, 2024Yield to maturity4.201%Nov 12, 2024Yield to maturity4.351%Nov 18, 2024Yield to maturity4.314%Nov 22, 2024Yield to maturity4.329%Nov 29, 2024Yield to maturity4.090%Dec 5, 2024Yield to maturity4.097%Dec 11, 2024Yield to maturity4.163%Dec 17, 2024Yield to maturity4.282%Dec 23, 2024Yield to maturity4.476%Dec 30, 2024Yield to maturity4.398%Jan 6, 2025Yield to maturity4.453%Jan 10, 2025Yield to maturity4.624%Jan 16, 2025Yield to maturity4.423%Jan 23, 2025Yield to maturity4.486%Jan 29, 2025Yield to maturity4.386%Feb 4, 2025Yield to maturity4.354%Feb 10, 2025Yield to maturity4.376%Feb 14, 2025Yield to maturity4.364%Feb 21, 2025Yield to maturity4.291%Feb 27, 2025Yield to maturity4.130%Mar 5, 2025Yield to maturity4.110%Mar 11, 2025Yield to maturity4.071%Mar 17, 2025Yield to maturity4.140%Mar 21, 2025Yield to maturity4.039%Mar 27, 2025Yield to maturity4.128%Apr 2, 2025Yield to maturity3.979%Apr 8, 2025Yield to maturity3.905%Apr 14, 2025Yield to maturity4.049%Apr 18, 2025Yield to maturity3.974%Apr 24, 2025Yield to maturity3.954%Apr 30, 2025Yield to maturity3.749%May 6, 2025Yield to maturity3.914%May 12, 2025Yield to maturity4.109%May 16, 2025Yield to maturity4.075%May 22, 2025Yield to maturity4.132%May 29, 2025Yield to maturity4.028%Jun 4, 2025Yield to maturity3.959%Jun 10, 2025Yield to maturity4.100%Jun 16, 2025Yield to maturity4.059%Jun 23, 2025Yield to maturity3.918%Jun 27, 2025Yield to maturity3.841%Jul 3, 2025Yield to maturity3.948%Jul 10, 2025Yield to maturity3.941%Jul 16, 2025Yield to maturity3.991%Jul 22, 2025Yield to maturity3.885%Jul 28, 2025Yield to maturity3.978%Aug 1, 2025Yield to maturity3.771%Aug 7, 2025Yield to maturity3.792%Aug 13, 2025Yield to maturity3.771%Aug 19, 2025Yield to maturity3.821%Aug 25, 2025Yield to maturity3.792%Aug 29, 2025Yield to maturity3.691%Sep 5, 2025Yield to maturity3.582%Sep 11, 2025Yield to maturity3.582%Sep 17, 2025Yield to maturity3.625%Sep 23, 2025Yield to maturity3.676%Sep 29, 2025Yield to maturity3.742%Oct 3, 2025Yield to maturity3.705%Oct 9, 2025Yield to maturity3.727%Oct 16, 2025Yield to maturity3.535%Oct 22, 2025Yield to maturity3.549%Oct 28, 2025Yield to maturity3.600%Nov 3, 2025Yield to maturity3.705%Nov 7, 2025Yield to maturity3.667%Nov 14, 2025Yield to maturity3.720%Nov 20, 2025Yield to maturity3.659%Nov 26, 2025Yield to maturity3.561%Dec 3, 2025Yield to maturity3.605%Dec 9, 2025Yield to maturity3.750%Dec 15, 2025Yield to maturity3.696%Dec 19, 2025Yield to maturity3.657%Dec 26, 2025Yield to maturity3.657%Jan 2, 2026Yield to maturity3.695%Jan 8, 2026Yield to maturity3.695%Jan 14, 2026Yield to maturity3.679%Jan 21, 2026Yield to maturity3.788%Jan 27, 2026Yield to maturity3.773%Feb 2, 2026Yield to maturity3.781%Feb 6, 2026Yield to maturity3.709%Feb 12, 2026Yield to maturity3.630%Feb 19, 2026Yield to maturity3.606%Feb 25, 2026Yield to maturity3.581%Mar 3, 2026Yield to maturity3.597%Mar 9, 2026Yield to maturity3.676%Mar 13, 2026Yield to maturity3.838%Mar 19, 2026Yield to maturity3.863%Mar 25, 2026Yield to maturity3.953%Mar 31, 2026Yield to maturity3.888%Apr 6, 2026Yield to maturity3.947%Apr 10, 2026Yield to maturity3.906%Apr 16, 2026Yield to maturity3.873%Apr 22, 2026Yield to maturity3.882%Apr 28, 2026Yield to maturity3.941%May 4, 2026Yield to maturity4.052%May 8, 2026Yield to maturity3.985%May 14, 2026Yield to maturity4.105%May 20, 2026Yield to maturity4.192%May 27, 2026Yield to maturity4.151%Jun 2, 2026Yield to maturity4.144%Jun 8, 2026Yield to maturity4.259%Jun 12, 2026Yield to maturity4.182%Jun 18, 2026Yield to maturity4.219%Jun 25, 2026Yield to maturity4.150%Jul 1, 2026Yield to maturity4.222%Jul 8, 2026Yield to maturity4.277%Jul 14, 2026Yield to maturity4.279%Jul 20, 2026Yield to maturity4.290%Jul 24, 2026Yield to maturity4.400%Jul 30, 2026Yield to maturity4.348%Aug 5, 2026Yield to maturity4.295%Aug 11, 2026Yield to maturity4.352%Aug 17, 2026Yield to maturity4.318%Aug 21, 2026Yield to maturity4.376%Aug 27, 2026Yield to maturity4.350%Sep 2, 2026Yield to maturity4.510%Sep 9, 2026Yield to maturity4.560%

Price history

821 trading days to Sep 9, 2026

92949698100102May 31, 2023Sep 9, 2026May 31, 2023Close100.344Jun 6, 2023Close99.844Jun 12, 2023Close99.563Jun 16, 2023Close99.188Jun 23, 2023Close99.219Jun 29, 2023Close98.438Jul 6, 2023Close97.156Jul 12, 2023Close98.594Jul 18, 2023Close99.000Jul 24, 2023Close98.438Jul 28, 2023Close97.906Aug 3, 2023Close96.906Aug 9, 2023Close98.000Aug 15, 2023Close96.656Aug 21, 2023Close96.031Aug 25, 2023Close96.313Aug 31, 2023Close97.344Sep 7, 2023Close96.469Sep 13, 2023Close96.500Sep 19, 2023Close95.781Sep 25, 2023Close95.000Sep 29, 2023Close94.906Oct 5, 2023Close94.406Oct 12, 2023Close94.375Oct 18, 2023Close93.219Oct 24, 2023Close93.688Oct 30, 2023Close93.594Nov 3, 2023Close95.406Nov 9, 2023Close94.688Nov 15, 2023Close95.406Nov 21, 2023Close96.031Nov 28, 2023Close96.500Dec 4, 2023Close96.875Dec 8, 2023Close96.969Dec 14, 2023Close98.875Dec 20, 2023Close99.156Dec 27, 2023Close99.594Jan 3, 2024Close98.938Jan 9, 2024Close98.500Jan 16, 2024Close98.469Jan 22, 2024Close98.156Jan 26, 2024Close97.938Feb 1, 2024Close99.469Feb 7, 2024Close98.063Feb 13, 2024Close96.781Feb 20, 2024Close97.031Feb 26, 2024Close96.844Mar 1, 2024Close97.500Mar 7, 2024Close98.031Mar 13, 2024Close97.469Mar 19, 2024Close96.875Mar 25, 2024Close97.219Mar 29, 2024Close97.375Apr 4, 2024Close96.906Apr 10, 2024Close95.438Apr 16, 2024Close95.000Apr 22, 2024Close95.188Apr 26, 2024Close94.969May 2, 2024Close95.594May 8, 2024Close96.000May 14, 2024Close96.250May 20, 2024Close96.281May 24, 2024Close96.031May 31, 2024Close95.906Jun 6, 2024Close97.125Jun 12, 2024Close97.000Jun 18, 2024Close97.438Jun 25, 2024Close97.344Jul 1, 2024Close96.344Jul 8, 2024Close97.438Jul 12, 2024Close98.063Jul 18, 2024Close98.000Jul 24, 2024Close97.719Jul 30, 2024Close98.344Aug 5, 2024Close100.469Aug 9, 2024Close99.531Aug 15, 2024Close99.625Aug 21, 2024Close100.313Aug 27, 2024Close100.188Sep 3, 2024Close100.188Sep 9, 2024Close101.031Sep 13, 2024Close101.313Sep 19, 2024Close100.969Sep 25, 2024Close100.813Oct 1, 2024Close100.906Oct 7, 2024Close99.219Oct 11, 2024Close99.094Oct 18, 2024Close99.125Oct 24, 2024Close98.406Oct 30, 2024Close97.875Nov 5, 2024Close97.781Nov 12, 2024Close97.063Nov 18, 2024Close97.250Nov 22, 2024Close97.188Nov 29, 2024Close98.344Dec 5, 2024Close98.313Dec 11, 2024Close98.000Dec 17, 2024Close97.438Dec 23, 2024Close96.531Dec 30, 2024Close96.906Jan 6, 2025Close96.656Jan 10, 2025Close95.875Jan 16, 2025Close96.813Jan 23, 2025Close96.531Jan 29, 2025Close97.000Feb 4, 2025Close97.156Feb 10, 2025Close97.063Feb 14, 2025Close97.125Feb 21, 2025Close97.469Feb 27, 2025Close98.219Mar 5, 2025Close98.313Mar 11, 2025Close98.500Mar 17, 2025Close98.188Mar 21, 2025Close98.656Mar 27, 2025Close98.250Apr 2, 2025Close98.938Apr 8, 2025Close99.281Apr 14, 2025Close98.625Apr 18, 2025Close98.969Apr 24, 2025Close99.063Apr 30, 2025Close100.000May 6, 2025Close99.250May 12, 2025Close98.375May 16, 2025Close98.531May 22, 2025Close98.281May 29, 2025Close98.750Jun 4, 2025Close99.063Jun 10, 2025Close98.438Jun 16, 2025Close98.625Jun 23, 2025Close99.250Jun 27, 2025Close99.594Jul 3, 2025Close99.125Jul 10, 2025Close99.156Jul 16, 2025Close98.938Jul 22, 2025Close99.406Jul 28, 2025Close99.000Aug 1, 2025Close99.906Aug 7, 2025Close99.813Aug 13, 2025Close99.906Aug 19, 2025Close99.688Aug 25, 2025Close99.813Aug 29, 2025Close100.250Sep 5, 2025Close100.719Sep 11, 2025Close100.719Sep 17, 2025Close100.531Sep 23, 2025Close100.313Sep 29, 2025Close100.031Oct 3, 2025Close100.188Oct 9, 2025Close100.094Oct 16, 2025Close100.906Oct 22, 2025Close100.844Oct 28, 2025Close100.625Nov 3, 2025Close100.188Nov 7, 2025Close100.344Nov 14, 2025Close100.125Nov 20, 2025Close100.375Nov 26, 2025Close100.781Dec 3, 2025Close100.594Dec 9, 2025Close100.000Dec 15, 2025Close100.219Dec 19, 2025Close100.375Dec 26, 2025Close100.375Jan 2, 2026Close100.219Jan 8, 2026Close100.219Jan 14, 2026Close100.281Jan 21, 2026Close99.844Jan 27, 2026Close99.906Feb 2, 2026Close99.875Feb 6, 2026Close100.156Feb 12, 2026Close100.469Feb 19, 2026Close100.563Feb 25, 2026Close100.656Mar 3, 2026Close100.594Mar 9, 2026Close100.281Mar 13, 2026Close99.656Mar 19, 2026Close99.563Mar 25, 2026Close99.219Mar 31, 2026Close99.469Apr 6, 2026Close99.250Apr 10, 2026Close99.406Apr 16, 2026Close99.531Apr 22, 2026Close99.500Apr 28, 2026Close99.281May 4, 2026Close98.875May 8, 2026Close99.125May 14, 2026Close98.688May 20, 2026Close98.375May 27, 2026Close98.531Jun 2, 2026Close98.563Jun 8, 2026Close98.156Jun 12, 2026Close98.438Jun 18, 2026Close98.313Jun 25, 2026Close98.563Jul 1, 2026Close98.313Jul 8, 2026Close98.125Jul 14, 2026Close98.125Jul 20, 2026Close98.094Jul 24, 2026Close97.719Jul 30, 2026Close97.906Aug 5, 2026Close98.094Aug 11, 2026Close97.906Aug 17, 2026Close98.031Aug 21, 2026Close97.844Aug 27, 2026Close97.938Sep 2, 2026Close97.406Sep 9, 2026Close97.250
The most recent 20 trading days of prices for 91282CHF1.
DateBidOfferClose
Sep 9, 202697.25097.21997.250
Sep 8, 202697.42297.40697.375
Sep 4, 202697.48497.46997.438
Sep 3, 202697.60997.59497.531
Sep 2, 202697.42297.40697.406
Sep 1, 202697.51697.50097.406
Aug 31, 202697.60997.59497.594
Aug 28, 202697.70397.68897.594
Aug 27, 202698.01698.00097.938
Aug 26, 202698.01698.00098.000
Aug 25, 202698.07898.06398.094
Aug 24, 202697.95397.93897.875
Aug 21, 202697.85997.84497.844
Aug 20, 202698.00097.96998.000
Aug 19, 202698.06398.03198.094
Aug 18, 202698.04798.03198.031
Aug 17, 202698.07898.06398.031
Aug 14, 202698.14198.12598.063
Aug 13, 202698.20398.18898.188
Aug 12, 202698.06398.03198.000

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 91282CHF1.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
May 25, 2023May 31, 2023New issue$35.0bn$41.6bn2.61x3.827%

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.