Treasury note

91282CJC6 · 4.625% due October 15, 2026

Original term
3-Year
Maturity
Oct 15, 2026
Coupon
4.625%
Pays
Semi-Annual
Dated
Oct 15, 2023
First coupon
Apr 15, 2024
Priced through
Sep 9, 2026
Analyzed through
Sep 9, 2026

Statement of August 31, 2026

Amount outstanding
$42.45bn
Held stripped
$100.2m
Share stripped
0.24%

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
3.896%
Modified duration
0.095 yr
DV01
0.0010
Convexity
0.018
Dirty price
101.933

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. All of it sits at 3M. For a security with a single remaining cashflow that is the true shape, not missing data.

Against the fitted curve

Priced 4.2 bp cheap to the curve on that day, 0.41 cents per 100 of face.

That is 1.68 standard deviations from its own typical residual.

Yield to maturity, 727 observations

3.50%3.75%4.00%4.25%4.50%4.75%5.00%5.25%Oct 16, 2023Sep 9, 2026Oct 16, 2023Yield to maturity4.874%Oct 20, 2023Yield to maturity4.933%Oct 26, 2023Yield to maturity4.888%Nov 1, 2023Yield to maturity4.762%Nov 7, 2023Yield to maturity4.693%Nov 13, 2023Yield to maturity4.821%Nov 17, 2023Yield to maturity4.647%Nov 24, 2023Yield to maturity4.670%Nov 30, 2023Yield to maturity4.506%Dec 6, 2023Yield to maturity4.353%Dec 12, 2023Yield to maturity4.469%Dec 18, 2023Yield to maturity4.196%Dec 22, 2023Yield to maturity4.087%Dec 29, 2023Yield to maturity4.048%Jan 5, 2024Yield to maturity4.212%Jan 11, 2024Yield to maturity4.090%Jan 18, 2024Yield to maturity4.183%Jan 24, 2024Yield to maturity4.242%Jan 30, 2024Yield to maturity4.191%Feb 5, 2024Yield to maturity4.312%Feb 9, 2024Yield to maturity4.323%Feb 15, 2024Yield to maturity4.409%Feb 22, 2024Yield to maturity4.547%Feb 28, 2024Yield to maturity4.508%Mar 5, 2024Yield to maturity4.393%Mar 11, 2024Yield to maturity4.366%Mar 15, 2024Yield to maturity4.585%Mar 21, 2024Yield to maturity4.493%Mar 27, 2024Yield to maturity4.454%Apr 2, 2024Yield to maturity4.598%Apr 8, 2024Yield to maturity4.678%Apr 12, 2024Yield to maturity4.799%Apr 18, 2024Yield to maturity4.895%Apr 24, 2024Yield to maturity4.855%Apr 30, 2024Yield to maturity4.966%May 6, 2024Yield to maturity4.733%May 10, 2024Yield to maturity4.775%May 16, 2024Yield to maturity4.679%May 22, 2024Yield to maturity4.763%May 29, 2024Yield to maturity4.890%Jun 4, 2024Yield to maturity4.679%Jun 10, 2024Yield to maturity4.793%Jun 14, 2024Yield to maturity4.594%Jun 21, 2024Yield to maturity4.622%Jun 27, 2024Yield to maturity4.651%Jul 3, 2024Yield to maturity4.637%Jul 10, 2024Yield to maturity4.563%Jul 16, 2024Yield to maturity4.371%Jul 22, 2024Yield to maturity4.458%Jul 26, 2024Yield to maturity4.353%Aug 1, 2024Yield to maturity4.113%Aug 7, 2024Yield to maturity3.974%Aug 13, 2024Yield to maturity3.895%Aug 19, 2024Yield to maturity4.011%Aug 23, 2024Yield to maturity3.869%Aug 29, 2024Yield to maturity3.881%Sep 5, 2024Yield to maturity3.736%Sep 11, 2024Yield to maturity3.621%Sep 17, 2024Yield to maturity3.583%Sep 23, 2024Yield to maturity3.575%Sep 27, 2024Yield to maturity3.567%Oct 3, 2024Yield to maturity3.705%Oct 9, 2024Yield to maturity4.005%Oct 16, 2024Yield to maturity3.934%Oct 22, 2024Yield to maturity4.027%Oct 28, 2024Yield to maturity4.138%Nov 1, 2024Yield to maturity4.218%Nov 7, 2024Yield to maturity4.216%Nov 14, 2024Yield to maturity4.348%Nov 20, 2024Yield to maturity4.328%Nov 26, 2024Yield to maturity4.291%Dec 3, 2024Yield to maturity4.199%Dec 9, 2024Yield to maturity4.160%Dec 13, 2024Yield to maturity4.263%Dec 19, 2024Yield to maturity4.333%Dec 26, 2024Yield to maturity4.348%Jan 2, 2025Yield to maturity4.253%Jan 8, 2025Yield to maturity4.287%Jan 14, 2025Yield to maturity4.358%Jan 21, 2025Yield to maturity4.280%Jan 27, 2025Yield to maturity4.201%Jan 31, 2025Yield to maturity4.235%Feb 6, 2025Yield to maturity4.233%Feb 12, 2025Yield to maturity4.366%Feb 19, 2025Yield to maturity4.285%Feb 25, 2025Yield to maturity4.122%Mar 3, 2025Yield to maturity3.997%Mar 7, 2025Yield to maturity4.052%Mar 13, 2025Yield to maturity3.987%Mar 19, 2025Yield to maturity4.022%Mar 25, 2025Yield to maturity4.058%Mar 31, 2025Yield to maturity3.948%Apr 4, 2025Yield to maturity3.793%Apr 10, 2025Yield to maturity3.936%Apr 16, 2025Yield to maturity3.886%Apr 22, 2025Yield to maturity3.900%Apr 28, 2025Yield to maturity3.803%May 2, 2025Yield to maturity3.950%May 8, 2025Yield to maturity3.989%May 14, 2025Yield to maturity4.141%May 20, 2025Yield to maturity4.066%May 27, 2025Yield to maturity4.082%Jun 2, 2025Yield to maturity4.075%Jun 6, 2025Yield to maturity4.140%Jun 12, 2025Yield to maturity4.040%Jun 18, 2025Yield to maturity4.080%Jun 25, 2025Yield to maturity3.925%Jul 1, 2025Yield to maturity3.942%Jul 8, 2025Yield to maturity4.058%Jul 14, 2025Yield to maturity4.026%Jul 18, 2025Yield to maturity4.018%Jul 24, 2025Yield to maturity4.065%Jul 30, 2025Yield to maturity4.111%Aug 5, 2025Yield to maturity3.889%Aug 11, 2025Yield to maturity3.906%Aug 15, 2025Yield to maturity3.897%Aug 21, 2025Yield to maturity3.946%Aug 27, 2025Yield to maturity3.823%Sep 3, 2025Yield to maturity3.810%Sep 9, 2025Yield to maturity3.711%Sep 15, 2025Yield to maturity3.698%Sep 19, 2025Yield to maturity3.685%Sep 25, 2025Yield to maturity3.736%Oct 1, 2025Yield to maturity3.662%Oct 7, 2025Yield to maturity3.679%Oct 14, 2025Yield to maturity3.630%Oct 20, 2025Yield to maturity3.613%Oct 24, 2025Yield to maturity3.628%Oct 30, 2025Yield to maturity3.750%Nov 5, 2025Yield to maturity3.734%Nov 12, 2025Yield to maturity3.681%Nov 18, 2025Yield to maturity3.699%Nov 24, 2025Yield to maturity3.646%Dec 1, 2025Yield to maturity3.661%Dec 5, 2025Yield to maturity3.642%Dec 11, 2025Yield to maturity3.592%Dec 17, 2025Yield to maturity3.571%Dec 23, 2025Yield to maturity3.589%Dec 30, 2025Yield to maturity3.605%Jan 6, 2026Yield to maturity3.579%Jan 12, 2026Yield to maturity3.599%Jan 16, 2026Yield to maturity3.616%Jan 23, 2026Yield to maturity3.638%Jan 29, 2026Yield to maturity3.623%Feb 4, 2026Yield to maturity3.645%Feb 10, 2026Yield to maturity3.575%Feb 17, 2026Yield to maturity3.594%Feb 23, 2026Yield to maturity3.618%Feb 27, 2026Yield to maturity3.643%Mar 5, 2026Yield to maturity3.678%Mar 11, 2026Yield to maturity3.653%Mar 17, 2026Yield to maturity3.681%Mar 23, 2026Yield to maturity3.768%Mar 27, 2026Yield to maturity3.801%Apr 2, 2026Yield to maturity3.786%Apr 8, 2026Yield to maturity3.760%Apr 14, 2026Yield to maturity3.734%Apr 20, 2026Yield to maturity3.701%Apr 24, 2026Yield to maturity3.735%Apr 30, 2026Yield to maturity3.712%May 6, 2026Yield to maturity3.676%May 12, 2026Yield to maturity3.712%May 18, 2026Yield to maturity3.752%May 22, 2026Yield to maturity3.788%May 29, 2026Yield to maturity3.750%Jun 4, 2026Yield to maturity3.723%Jun 10, 2026Yield to maturity3.770%Jun 16, 2026Yield to maturity3.727%Jun 23, 2026Yield to maturity3.772%Jun 29, 2026Yield to maturity3.832%Jul 6, 2026Yield to maturity3.777%Jul 10, 2026Yield to maturity3.723%Jul 16, 2026Yield to maturity3.684%Jul 22, 2026Yield to maturity3.754%Jul 28, 2026Yield to maturity3.835%Aug 3, 2026Yield to maturity3.772%Aug 7, 2026Yield to maturity3.870%Aug 13, 2026Yield to maturity3.824%Aug 19, 2026Yield to maturity3.743%Aug 25, 2026Yield to maturity3.870%Aug 31, 2026Yield to maturity3.775%Sep 4, 2026Yield to maturity3.932%Sep 9, 2026Yield to maturity3.896%

Price history

727 trading days to Sep 9, 2026

9899100101102103Oct 16, 2023Sep 9, 2026Oct 16, 2023Close99.313Oct 20, 2023Close99.156Oct 26, 2023Close99.281Nov 1, 2023Close99.625Nov 7, 2023Close99.813Nov 13, 2023Close99.469Nov 17, 2023Close99.938Nov 24, 2023Close99.875Nov 30, 2023Close100.313Dec 6, 2023Close100.719Dec 12, 2023Close100.406Dec 18, 2023Close101.125Dec 22, 2023Close101.406Dec 29, 2023Close101.500Jan 5, 2024Close101.063Jan 11, 2024Close101.375Jan 18, 2024Close101.125Jan 24, 2024Close100.969Jan 30, 2024Close101.094Feb 5, 2024Close100.781Feb 9, 2024Close100.750Feb 15, 2024Close100.531Feb 22, 2024Close100.188Feb 28, 2024Close100.281Mar 5, 2024Close100.563Mar 11, 2024Close100.625Mar 15, 2024Close100.094Mar 21, 2024Close100.313Mar 27, 2024Close100.406Apr 2, 2024Close100.063Apr 8, 2024Close99.875Apr 12, 2024Close99.594Apr 18, 2024Close99.375Apr 24, 2024Close99.469Apr 30, 2024Close99.219May 6, 2024Close99.750May 10, 2024Close99.656May 16, 2024Close99.875May 22, 2024Close99.688May 29, 2024Close99.406Jun 4, 2024Close99.875Jun 10, 2024Close99.625Jun 14, 2024Close100.063Jun 21, 2024Close100.000Jun 27, 2024Close99.938Jul 3, 2024Close99.969Jul 10, 2024Close100.125Jul 16, 2024Close100.531Jul 22, 2024Close100.344Jul 26, 2024Close100.563Aug 1, 2024Close101.063Aug 7, 2024Close101.344Aug 13, 2024Close101.500Aug 19, 2024Close101.250Aug 23, 2024Close101.531Aug 29, 2024Close101.500Sep 5, 2024Close101.781Sep 11, 2024Close102.000Sep 17, 2024Close102.063Sep 23, 2024Close102.063Sep 27, 2024Close102.063Oct 3, 2024Close101.781Oct 9, 2024Close101.188Oct 16, 2024Close101.313Oct 22, 2024Close101.125Oct 28, 2024Close100.906Nov 1, 2024Close100.750Nov 7, 2024Close100.750Nov 14, 2024Close100.500Nov 20, 2024Close100.531Nov 26, 2024Close100.594Dec 3, 2024Close100.750Dec 9, 2024Close100.813Dec 13, 2024Close100.625Dec 19, 2024Close100.500Dec 26, 2024Close100.469Jan 2, 2025Close100.625Jan 8, 2025Close100.563Jan 14, 2025Close100.438Jan 21, 2025Close100.563Jan 27, 2025Close100.688Jan 31, 2025Close100.625Feb 6, 2025Close100.625Feb 12, 2025Close100.406Feb 19, 2025Close100.531Feb 25, 2025Close100.781Mar 3, 2025Close100.969Mar 7, 2025Close100.875Mar 13, 2025Close100.969Mar 19, 2025Close100.906Mar 25, 2025Close100.844Mar 31, 2025Close101.000Apr 4, 2025Close101.219Apr 10, 2025Close101.000Apr 16, 2025Close101.063Apr 22, 2025Close101.031Apr 28, 2025Close101.156May 2, 2025Close100.938May 8, 2025Close100.875May 14, 2025Close100.656May 20, 2025Close100.750May 27, 2025Close100.719Jun 2, 2025Close100.719Jun 6, 2025Close100.625Jun 12, 2025Close100.750Jun 18, 2025Close100.688Jun 25, 2025Close100.875Jul 1, 2025Close100.844Jul 8, 2025Close100.688Jul 14, 2025Close100.719Jul 18, 2025Close100.719Jul 24, 2025Close100.656Jul 30, 2025Close100.594Aug 5, 2025Close100.844Aug 11, 2025Close100.813Aug 15, 2025Close100.813Aug 21, 2025Close100.750Aug 27, 2025Close100.875Sep 3, 2025Close100.875Sep 9, 2025Close100.969Sep 15, 2025Close100.969Sep 19, 2025Close100.969Sep 25, 2025Close100.906Oct 1, 2025Close100.969Oct 7, 2025Close100.938Oct 14, 2025Close100.969Oct 20, 2025Close100.969Oct 24, 2025Close100.938Oct 30, 2025Close100.813Nov 5, 2025Close100.813Nov 12, 2025Close100.844Nov 18, 2025Close100.813Nov 24, 2025Close100.844Dec 1, 2025Close100.813Dec 5, 2025Close100.813Dec 11, 2025Close100.844Dec 17, 2025Close100.844Dec 23, 2025Close100.813Dec 30, 2025Close100.781Jan 6, 2026Close100.781Jan 12, 2026Close100.750Jan 16, 2026Close100.719Jan 23, 2026Close100.688Jan 29, 2026Close100.688Feb 4, 2026Close100.656Feb 10, 2026Close100.688Feb 17, 2026Close100.656Feb 23, 2026Close100.625Feb 27, 2026Close100.594Mar 5, 2026Close100.563Mar 11, 2026Close100.563Mar 17, 2026Close100.531Mar 23, 2026Close100.469Mar 27, 2026Close100.438Apr 2, 2026Close100.438Apr 8, 2026Close100.438Apr 14, 2026Close100.438Apr 20, 2026Close100.438Apr 24, 2026Close100.406Apr 30, 2026Close100.406May 6, 2026Close100.406May 12, 2026Close100.375May 18, 2026Close100.344May 22, 2026Close100.313May 29, 2026Close100.313Jun 4, 2026Close100.313Jun 10, 2026Close100.281Jun 16, 2026Close100.281Jun 23, 2026Close100.250Jun 29, 2026Close100.219Jul 6, 2026Close100.219Jul 10, 2026Close100.219Jul 16, 2026Close100.219Jul 22, 2026Close100.188Jul 28, 2026Close100.156Aug 3, 2026Close100.156Aug 7, 2026Close100.125Aug 13, 2026Close100.125Aug 19, 2026Close100.125Aug 25, 2026Close100.094Aug 31, 2026Close100.094Sep 4, 2026Close100.063Sep 9, 2026Close100.063
The most recent 20 trading days of prices for 91282CJC6.
DateBidOfferClose
Sep 9, 2026–100.063100.063
Sep 8, 2026–100.063100.063
Sep 4, 2026–100.063100.063
Sep 3, 2026–100.094100.094
Sep 2, 2026–100.094100.094
Sep 1, 2026–100.094100.094
Aug 31, 2026–100.094100.094
Aug 28, 2026–100.094100.094
Aug 27, 2026–100.094100.094
Aug 26, 2026–100.094100.094
Aug 25, 2026–100.094100.094
Aug 24, 2026–100.094100.094
Aug 21, 2026–100.094100.094
Aug 20, 2026–100.125100.125
Aug 19, 2026–100.125100.125
Aug 18, 2026–100.125100.125
Aug 17, 2026–100.125100.125
Aug 14, 2026–100.125100.125
Aug 13, 2026–100.125100.125
Aug 12, 2026–100.125100.125

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 91282CJC6.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Oct 10, 2023Oct 16, 2023New issue$46.0bn$46.0bn2.56x4.740%

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.