Treasury note

91282CHZ7 · 4.625% due September 30, 2030

Original term
7-Year
Maturity
Sep 30, 2030
Coupon
4.625%
Pays
Semi-Annual
Dated
Sep 30, 2023
First coupon
Mar 31, 2024
Priced through
Sep 9, 2026
Analyzed through
Sep 9, 2026

Statement of August 31, 2026

Amount outstanding
$36.71bn
Held stripped
$6.4m
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
4.573%
Modified duration
3.587 yr
DV01
0.0367
Convexity
15.538
Dirty price
102.247

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 3.668 years against a modified duration of 3.587.

Against the fitted curve

Priced 1.2 bp rich to the curve on that day, 4.38 cents per 100 of face.

That is -1.93 standard deviations from its own typical residual.

Yield to maturity, 736 observations

3.00%3.50%4.00%4.50%5.00%5.50%Oct 2, 2023Sep 9, 2026Oct 2, 2023Yield to maturity4.726%Oct 6, 2023Yield to maturity4.790%Oct 13, 2023Yield to maturity4.657%Oct 19, 2023Yield to maturity5.001%Oct 25, 2023Yield to maturity4.975%Oct 31, 2023Yield to maturity4.893%Nov 6, 2023Yield to maturity4.662%Nov 10, 2023Yield to maturity4.683%Nov 16, 2023Yield to maturity4.475%Nov 22, 2023Yield to maturity4.464%Nov 29, 2023Yield to maturity4.294%Dec 5, 2023Yield to maturity4.204%Dec 11, 2023Yield to maturity4.282%Dec 15, 2023Yield to maturity3.946%Dec 21, 2023Yield to maturity3.914%Dec 28, 2023Yield to maturity3.871%Jan 4, 2024Yield to maturity4.005%Jan 10, 2024Yield to maturity4.030%Jan 17, 2024Yield to maturity4.081%Jan 23, 2024Yield to maturity4.106%Jan 29, 2024Yield to maturity4.036%Feb 2, 2024Yield to maturity4.030%Feb 8, 2024Yield to maturity4.167%Feb 14, 2024Yield to maturity4.290%Feb 21, 2024Yield to maturity4.344%Feb 27, 2024Yield to maturity4.349%Mar 4, 2024Yield to maturity4.245%Mar 8, 2024Yield to maturity4.093%Mar 14, 2024Yield to maturity4.320%Mar 20, 2024Yield to maturity4.281%Mar 26, 2024Yield to maturity4.253%Apr 1, 2024Yield to maturity4.357%Apr 5, 2024Yield to maturity4.407%Apr 11, 2024Yield to maturity4.619%Apr 17, 2024Yield to maturity4.625%Apr 23, 2024Yield to maturity4.630%Apr 29, 2024Yield to maturity4.658%May 3, 2024Yield to maturity4.494%May 9, 2024Yield to maturity4.465%May 15, 2024Yield to maturity4.358%May 21, 2024Yield to maturity4.430%May 28, 2024Yield to maturity4.578%Jun 3, 2024Yield to maturity4.429%Jun 7, 2024Yield to maturity4.457%Jun 13, 2024Yield to maturity4.241%Jun 20, 2024Yield to maturity4.269%Jun 26, 2024Yield to maturity4.342%Jul 2, 2024Yield to maturity4.416%Jul 9, 2024Yield to maturity4.260%Jul 15, 2024Yield to maturity4.163%Jul 19, 2024Yield to maturity4.190%Jul 25, 2024Yield to maturity4.190%Jul 31, 2024Yield to maturity3.995%Aug 6, 2024Yield to maturity3.780%Aug 12, 2024Yield to maturity3.795%Aug 16, 2024Yield to maturity3.804%Aug 22, 2024Yield to maturity3.769%Aug 28, 2024Yield to maturity3.728%Sep 4, 2024Yield to maturity3.635%Sep 10, 2024Yield to maturity3.504%Sep 16, 2024Yield to maturity3.479%Sep 20, 2024Yield to maturity3.561%Sep 26, 2024Yield to maturity3.627%Oct 2, 2024Yield to maturity3.613%Oct 8, 2024Yield to maturity3.921%Oct 15, 2024Yield to maturity3.907%Oct 21, 2024Yield to maturity4.034%Oct 25, 2024Yield to maturity4.120%Oct 31, 2024Yield to maturity4.197%Nov 6, 2024Yield to maturity4.333%Nov 13, 2024Yield to maturity4.350%Nov 19, 2024Yield to maturity4.295%Nov 25, 2024Yield to maturity4.204%Dec 2, 2024Yield to maturity4.125%Dec 6, 2024Yield to maturity4.075%Dec 12, 2024Yield to maturity4.219%Dec 18, 2024Yield to maturity4.426%Dec 24, 2024Yield to maturity4.487%Dec 31, 2024Yield to maturity4.437%Jan 7, 2025Yield to maturity4.517%Jan 13, 2025Yield to maturity4.661%Jan 17, 2025Yield to maturity4.467%Jan 24, 2025Yield to maturity4.479%Jan 30, 2025Yield to maturity4.360%Feb 5, 2025Yield to maturity4.284%Feb 11, 2025Yield to maturity4.415%Feb 18, 2025Yield to maturity4.446%Feb 24, 2025Yield to maturity4.275%Feb 28, 2025Yield to maturity4.081%Mar 6, 2025Yield to maturity4.117%Mar 12, 2025Yield to maturity4.135%Mar 18, 2025Yield to maturity4.121%Mar 24, 2025Yield to maturity4.145%Mar 28, 2025Yield to maturity4.037%Apr 3, 2025Yield to maturity3.798%Apr 9, 2025Yield to maturity4.116%Apr 15, 2025Yield to maturity4.045%Apr 21, 2025Yield to maturity4.037%Apr 25, 2025Yield to maturity3.946%May 1, 2025Yield to maturity3.875%May 7, 2025Yield to maturity3.924%May 13, 2025Yield to maturity4.172%May 19, 2025Yield to maturity4.113%May 23, 2025Yield to maturity4.137%May 30, 2025Yield to maturity4.026%Jun 5, 2025Yield to maturity4.044%Jun 11, 2025Yield to maturity4.062%Jun 17, 2025Yield to maturity4.028%Jun 24, 2025Yield to maturity3.895%Jun 30, 2025Yield to maturity3.828%Jul 7, 2025Yield to maturity3.996%Jul 11, 2025Yield to maturity4.020%Jul 17, 2025Yield to maturity4.039%Jul 23, 2025Yield to maturity3.971%Jul 29, 2025Yield to maturity3.930%Aug 4, 2025Yield to maturity3.769%Aug 8, 2025Yield to maturity3.853%Aug 14, 2025Yield to maturity3.838%Aug 20, 2025Yield to maturity3.829%Aug 26, 2025Yield to maturity3.767%Sep 2, 2025Yield to maturity3.765%Sep 8, 2025Yield to maturity3.596%Sep 12, 2025Yield to maturity3.646%Sep 18, 2025Yield to maturity3.685%Sep 24, 2025Yield to maturity3.736%Sep 30, 2025Yield to maturity3.747%Oct 6, 2025Yield to maturity3.764%Oct 10, 2025Yield to maturity3.659%Oct 17, 2025Yield to maturity3.602%Oct 23, 2025Yield to maturity3.620%Oct 29, 2025Yield to maturity3.713%Nov 4, 2025Yield to maturity3.703%Nov 10, 2025Yield to maturity3.714%Nov 17, 2025Yield to maturity3.725%Nov 21, 2025Yield to maturity3.625%Nov 28, 2025Yield to maturity3.607%Dec 4, 2025Yield to maturity3.682%Dec 10, 2025Yield to maturity3.721%Dec 16, 2025Yield to maturity3.683%Dec 22, 2025Yield to maturity3.708%Dec 29, 2025Yield to maturity3.655%Jan 5, 2026Yield to maturity3.694%Jan 9, 2026Yield to maturity3.741%Jan 15, 2026Yield to maturity3.754%Jan 22, 2026Yield to maturity3.837%Jan 28, 2026Yield to maturity3.827%Feb 3, 2026Yield to maturity3.810%Feb 9, 2026Yield to maturity3.728%Feb 13, 2026Yield to maturity3.587%Feb 20, 2026Yield to maturity3.635%Feb 26, 2026Yield to maturity3.567%Mar 4, 2026Yield to maturity3.659%Mar 10, 2026Yield to maturity3.714%Mar 16, 2026Yield to maturity3.793%Mar 20, 2026Yield to maturity4.015%Mar 26, 2026Yield to maturity4.096%Apr 1, 2026Yield to maturity3.951%Apr 7, 2026Yield to maturity3.941%Apr 13, 2026Yield to maturity3.901%Apr 17, 2026Yield to maturity3.823%Apr 23, 2026Yield to maturity3.942%Apr 29, 2026Yield to maturity4.032%May 5, 2026Yield to maturity4.053%May 11, 2026Yield to maturity4.051%May 15, 2026Yield to maturity4.244%May 21, 2026Yield to maturity4.227%May 28, 2026Yield to maturity4.147%Jun 3, 2026Yield to maturity4.201%Jun 9, 2026Yield to maturity4.247%Jun 15, 2026Yield to maturity4.174%Jun 22, 2026Yield to maturity4.284%Jun 26, 2026Yield to maturity4.122%Jul 2, 2026Yield to maturity4.225%Jul 9, 2026Yield to maturity4.248%Jul 15, 2026Yield to maturity4.239%Jul 21, 2026Yield to maturity4.352%Jul 27, 2026Yield to maturity4.392%Jul 31, 2026Yield to maturity4.424%Aug 6, 2026Yield to maturity4.374%Aug 12, 2026Yield to maturity4.340%Aug 18, 2026Yield to maturity4.331%Aug 24, 2026Yield to maturity4.380%Aug 28, 2026Yield to maturity4.463%Sep 3, 2026Yield to maturity4.480%Sep 9, 2026Yield to maturity4.573%

Price history

736 trading days to Sep 9, 2026

9698100102104106108Oct 2, 2023Sep 9, 2026Oct 2, 2023Close99.406Oct 6, 2023Close99.031Oct 13, 2023Close99.813Oct 19, 2023Close97.813Oct 25, 2023Close97.969Oct 31, 2023Close98.438Nov 6, 2023Close99.781Nov 10, 2023Close99.656Nov 16, 2023Close100.875Nov 22, 2023Close100.938Nov 29, 2023Close101.938Dec 5, 2023Close102.469Dec 11, 2023Close102.000Dec 15, 2023Close104.000Dec 21, 2023Close104.188Dec 28, 2023Close104.438Jan 4, 2024Close103.625Jan 10, 2024Close103.469Jan 17, 2024Close103.156Jan 23, 2024Close103.000Jan 29, 2024Close103.406Feb 2, 2024Close103.438Feb 8, 2024Close102.625Feb 14, 2024Close101.906Feb 21, 2024Close101.594Feb 27, 2024Close101.563Mar 4, 2024Close102.156Mar 8, 2024Close103.031Mar 14, 2024Close101.719Mar 20, 2024Close101.938Mar 26, 2024Close102.094Apr 1, 2024Close101.500Apr 5, 2024Close101.219Apr 11, 2024Close100.031Apr 17, 2024Close100.000Apr 23, 2024Close99.969Apr 29, 2024Close99.813May 3, 2024Close100.719May 9, 2024Close100.875May 15, 2024Close101.469May 21, 2024Close101.063May 28, 2024Close100.250Jun 3, 2024Close101.063Jun 7, 2024Close100.906Jun 13, 2024Close102.094Jun 20, 2024Close101.938Jun 26, 2024Close101.531Jul 2, 2024Close101.125Jul 9, 2024Close101.969Jul 15, 2024Close102.500Jul 19, 2024Close102.344Jul 25, 2024Close102.344Jul 31, 2024Close103.406Aug 6, 2024Close104.594Aug 12, 2024Close104.500Aug 16, 2024Close104.438Aug 22, 2024Close104.625Aug 28, 2024Close104.844Sep 4, 2024Close105.344Sep 10, 2024Close106.063Sep 16, 2024Close106.188Sep 20, 2024Close105.719Sep 26, 2024Close105.344Oct 2, 2024Close105.406Oct 8, 2024Close103.719Oct 15, 2024Close103.781Oct 21, 2024Close103.094Oct 25, 2024Close102.625Oct 31, 2024Close102.219Nov 6, 2024Close101.500Nov 13, 2024Close101.406Nov 19, 2024Close101.688Nov 25, 2024Close102.156Dec 2, 2024Close102.563Dec 6, 2024Close102.813Dec 12, 2024Close102.063Dec 18, 2024Close101.000Dec 24, 2024Close100.688Dec 31, 2024Close100.938Jan 7, 2025Close100.531Jan 13, 2025Close99.813Jan 17, 2025Close100.781Jan 24, 2025Close100.719Jan 30, 2025Close101.313Feb 5, 2025Close101.688Feb 11, 2025Close101.031Feb 18, 2025Close100.875Feb 24, 2025Close101.719Feb 28, 2025Close102.688Mar 6, 2025Close102.500Mar 12, 2025Close102.406Mar 18, 2025Close102.469Mar 24, 2025Close102.344Mar 28, 2025Close102.875Apr 3, 2025Close104.063Apr 9, 2025Close102.469Apr 15, 2025Close102.813Apr 21, 2025Close102.844Apr 25, 2025Close103.281May 1, 2025Close103.625May 7, 2025Close103.375May 13, 2025Close102.156May 19, 2025Close102.438May 23, 2025Close102.313May 30, 2025Close102.844Jun 5, 2025Close102.750Jun 11, 2025Close102.656Jun 17, 2025Close102.813Jun 24, 2025Close103.438Jun 30, 2025Close103.750Jul 7, 2025Close102.938Jul 11, 2025Close102.813Jul 17, 2025Close102.719Jul 23, 2025Close103.031Jul 29, 2025Close103.219Aug 4, 2025Close103.969Aug 8, 2025Close103.563Aug 14, 2025Close103.625Aug 20, 2025Close103.656Aug 26, 2025Close103.938Sep 2, 2025Close103.938Sep 8, 2025Close104.719Sep 12, 2025Close104.469Sep 18, 2025Close104.281Sep 24, 2025Close104.031Sep 30, 2025Close103.969Oct 6, 2025Close103.875Oct 10, 2025Close104.344Oct 17, 2025Close104.594Oct 23, 2025Close104.500Oct 29, 2025Close104.063Nov 4, 2025Close104.094Nov 10, 2025Close104.031Nov 17, 2025Close103.969Nov 21, 2025Close104.406Nov 28, 2025Close104.469Dec 4, 2025Close104.125Dec 10, 2025Close103.938Dec 16, 2025Close104.094Dec 22, 2025Close103.969Dec 29, 2025Close104.188Jan 5, 2026Close104.000Jan 9, 2026Close103.781Jan 15, 2026Close103.719Jan 22, 2026Close103.344Jan 28, 2026Close103.375Feb 3, 2026Close103.438Feb 9, 2026Close103.781Feb 13, 2026Close104.375Feb 20, 2026Close104.156Feb 26, 2026Close104.438Mar 4, 2026Close104.031Mar 10, 2026Close103.781Mar 16, 2026Close103.438Mar 20, 2026Close102.500Mar 26, 2026Close102.156Apr 1, 2026Close102.750Apr 7, 2026Close102.781Apr 13, 2026Close102.938Apr 17, 2026Close103.250Apr 23, 2026Close102.750Apr 29, 2026Close102.375May 5, 2026Close102.281May 11, 2026Close102.281May 15, 2026Close101.500May 21, 2026Close101.563May 28, 2026Close101.875Jun 3, 2026Close101.656Jun 9, 2026Close101.469Jun 15, 2026Close101.750Jun 22, 2026Close101.313Jun 26, 2026Close101.938Jul 2, 2026Close101.531Jul 9, 2026Close101.438Jul 15, 2026Close101.469Jul 21, 2026Close101.031Jul 27, 2026Close100.875Jul 31, 2026Close100.750Aug 6, 2026Close100.938Aug 12, 2026Close101.063Aug 18, 2026Close101.094Aug 24, 2026Close100.906Aug 28, 2026Close100.594Sep 3, 2026Close100.531Sep 9, 2026Close100.188
The most recent 20 trading days of prices for 91282CHZ7.
DateBidOfferClose
Sep 9, 2026100.188100.156100.188
Sep 8, 2026100.359100.344100.313
Sep 4, 2026100.453100.438100.406
Sep 3, 2026100.609100.594100.531
Sep 2, 2026100.391100.375100.406
Sep 1, 2026100.484100.469100.375
Aug 31, 2026100.578100.563100.563
Aug 28, 2026100.719100.688100.594
Aug 27, 2026101.063101.031100.969
Aug 26, 2026101.047101.031101.031
Aug 25, 2026101.141101.125101.125
Aug 24, 2026100.984100.969100.906
Aug 21, 2026100.859100.844100.875
Aug 20, 2026101.031101.000101.031
Aug 19, 2026101.109101.094101.125
Aug 18, 2026101.109101.094101.094
Aug 17, 2026101.125101.094101.063
Aug 14, 2026101.203101.188101.094
Aug 13, 2026101.266101.250101.250
Aug 12, 2026101.125101.094101.063

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 91282CHZ7.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Sep 28, 2023Oct 2, 2023New issue$37.0bn$37.0bn2.47x4.673%

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.