Treasury note

91282CJX0 · 4% due January 31, 2031

Original term
7-Year
Maturity
Jan 31, 2031
Coupon
4.000%
Pays
Semi-Annual
Dated
Jan 31, 2024
First coupon
Jul 31, 2024
Priced through
Sep 9, 2026
Analyzed through
Sep 9, 2026

Statement of August 31, 2026

Amount outstanding
$39.41bn
Held stripped
$0.8m
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
4.595%
Modified duration
3.955 yr
DV01
0.0388
Convexity
18.408
Dirty price
98.102

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 4.048 years against a modified duration of 3.955.

Against the fitted curve

Priced 0.7 bp rich to the curve on that day, 2.54 cents per 100 of face.

That is -1.14 standard deviations from its own typical residual.

Yield to maturity, 654 observations

3.25%3.50%3.75%4.00%4.25%4.50%4.75%Jan 31, 2024Sep 9, 2026Jan 31, 2024Yield to maturity3.948%Feb 5, 2024Yield to maturity4.156%Feb 8, 2024Yield to maturity4.151%Feb 13, 2024Yield to maturity4.325%Feb 16, 2024Yield to maturity4.310%Feb 22, 2024Yield to maturity4.353%Feb 27, 2024Yield to maturity4.337%Mar 1, 2024Yield to maturity4.199%Mar 6, 2024Yield to maturity4.125%Mar 11, 2024Yield to maturity4.099%Mar 14, 2024Yield to maturity4.307%Mar 19, 2024Yield to maturity4.318%Mar 22, 2024Yield to maturity4.222%Mar 27, 2024Yield to maturity4.201%Apr 1, 2024Yield to maturity4.335%Apr 4, 2024Yield to maturity4.314%Apr 9, 2024Yield to maturity4.380%Apr 12, 2024Yield to maturity4.533%Apr 17, 2024Yield to maturity4.611%Apr 22, 2024Yield to maturity4.645%Apr 25, 2024Yield to maturity4.724%Apr 30, 2024Yield to maturity4.714%May 3, 2024Yield to maturity4.493%May 8, 2024Yield to maturity4.499%May 13, 2024Yield to maturity4.494%May 16, 2024Yield to maturity4.390%May 21, 2024Yield to maturity4.424%May 24, 2024Yield to maturity4.497%May 30, 2024Yield to maturity4.576%Jun 4, 2024Yield to maturity4.338%Jun 7, 2024Yield to maturity4.449%Jun 12, 2024Yield to maturity4.316%Jun 17, 2024Yield to maturity4.284%Jun 21, 2024Yield to maturity4.262%Jun 26, 2024Yield to maturity4.329%Jul 1, 2024Yield to maturity4.459%Jul 5, 2024Yield to maturity4.236%Jul 10, 2024Yield to maturity4.248%Jul 15, 2024Yield to maturity4.165%Jul 18, 2024Yield to maturity4.143%Jul 23, 2024Yield to maturity4.182%Jul 26, 2024Yield to maturity4.116%Jul 31, 2024Yield to maturity4.000%Aug 5, 2024Yield to maturity3.667%Aug 8, 2024Yield to maturity3.895%Aug 13, 2024Yield to maturity3.736%Aug 16, 2024Yield to maturity3.812%Aug 21, 2024Yield to maturity3.703%Aug 26, 2024Yield to maturity3.724%Aug 29, 2024Yield to maturity3.762%Sep 4, 2024Yield to maturity3.641%Sep 9, 2024Yield to maturity3.569%Sep 12, 2024Yield to maturity3.553%Sep 17, 2024Yield to maturity3.519%Sep 20, 2024Yield to maturity3.578%Sep 25, 2024Yield to maturity3.627%Sep 30, 2024Yield to maturity3.665%Oct 3, 2024Yield to maturity3.703%Oct 8, 2024Yield to maturity3.931%Oct 11, 2024Yield to maturity3.960%Oct 17, 2024Yield to maturity3.976%Oct 22, 2024Yield to maturity4.085%Oct 25, 2024Yield to maturity4.142%Oct 30, 2024Yield to maturity4.200%Nov 4, 2024Yield to maturity4.235%Nov 7, 2024Yield to maturity4.235%Nov 13, 2024Yield to maturity4.364%Nov 18, 2024Yield to maturity4.342%Nov 21, 2024Yield to maturity4.354%Nov 26, 2024Yield to maturity4.237%Dec 2, 2024Yield to maturity4.127%Dec 5, 2024Yield to maturity4.121%Dec 10, 2024Yield to maturity4.145%Dec 13, 2024Yield to maturity4.310%Dec 18, 2024Yield to maturity4.441%Dec 23, 2024Yield to maturity4.502%Dec 27, 2024Yield to maturity4.521%Jan 2, 2025Yield to maturity4.444%Jan 7, 2025Yield to maturity4.535%Jan 10, 2025Yield to maturity4.664%Jan 15, 2025Yield to maturity4.525%Jan 21, 2025Yield to maturity4.460%Jan 24, 2025Yield to maturity4.497%Jan 29, 2025Yield to maturity4.419%Feb 3, 2025Yield to maturity4.420%Feb 6, 2025Yield to maturity4.329%Feb 11, 2025Yield to maturity4.427%Feb 14, 2025Yield to maturity4.385%Feb 20, 2025Yield to maturity4.398%Feb 25, 2025Yield to maturity4.186%Feb 28, 2025Yield to maturity4.102%Mar 5, 2025Yield to maturity4.144%Mar 10, 2025Yield to maturity4.053%Mar 13, 2025Yield to maturity4.102%Mar 18, 2025Yield to maturity4.138%Mar 21, 2025Yield to maturity4.078%Mar 26, 2025Yield to maturity4.163%Mar 31, 2025Yield to maturity4.029%Apr 3, 2025Yield to maturity3.824%Apr 8, 2025Yield to maturity3.981%Apr 11, 2025Yield to maturity4.251%Apr 16, 2025Yield to maturity3.993%Apr 21, 2025Yield to maturity4.079%Apr 24, 2025Yield to maturity4.030%Apr 29, 2025Yield to maturity3.871%May 2, 2025Yield to maturity4.011%May 7, 2025Yield to maturity3.950%May 12, 2025Yield to maturity4.173%May 15, 2025Yield to maturity4.148%May 20, 2025Yield to maturity4.154%May 23, 2025Yield to maturity4.167%May 29, 2025Yield to maturity4.093%Jun 3, 2025Yield to maturity4.118%Jun 6, 2025Yield to maturity4.206%Jun 11, 2025Yield to maturity4.087%Jun 16, 2025Yield to maturity4.112%Jun 20, 2025Yield to maturity4.037%Jun 25, 2025Yield to maturity3.918%Jun 30, 2025Yield to maturity3.855%Jul 3, 2025Yield to maturity4.000%Jul 9, 2025Yield to maturity3.981%Jul 14, 2025Yield to maturity4.050%Jul 17, 2025Yield to maturity4.076%Jul 22, 2025Yield to maturity3.949%Jul 25, 2025Yield to maturity4.013%Jul 30, 2025Yield to maturity4.019%Aug 4, 2025Yield to maturity3.809%Aug 7, 2025Yield to maturity3.847%Aug 12, 2025Yield to maturity3.885%Aug 15, 2025Yield to maturity3.903%Aug 20, 2025Yield to maturity3.865%Aug 25, 2025Yield to maturity3.852%Aug 28, 2025Yield to maturity3.755%Sep 3, 2025Yield to maturity3.748%Sep 8, 2025Yield to maturity3.620%Sep 11, 2025Yield to maturity3.626%Sep 16, 2025Yield to maturity3.638%Sep 19, 2025Yield to maturity3.733%Sep 24, 2025Yield to maturity3.758%Sep 29, 2025Yield to maturity3.784%Oct 2, 2025Yield to maturity3.712%Oct 7, 2025Yield to maturity3.750%Oct 10, 2025Yield to maturity3.685%Oct 16, 2025Yield to maturity3.587%Oct 21, 2025Yield to maturity3.593%Oct 24, 2025Yield to maturity3.637%Oct 29, 2025Yield to maturity3.735%Nov 3, 2025Yield to maturity3.747%Nov 6, 2025Yield to maturity3.721%Nov 12, 2025Yield to maturity3.700%Nov 17, 2025Yield to maturity3.752%Nov 20, 2025Yield to maturity3.699%Nov 25, 2025Yield to maturity3.599%Dec 1, 2025Yield to maturity3.697%Dec 4, 2025Yield to maturity3.710%Dec 9, 2025Yield to maturity3.797%Dec 12, 2025Yield to maturity3.769%Dec 17, 2025Yield to maturity3.722%Dec 22, 2025Yield to maturity3.735%Dec 26, 2025Yield to maturity3.714%Dec 31, 2025Yield to maturity3.741%Jan 6, 2026Yield to maturity3.726%Jan 9, 2026Yield to maturity3.767%Jan 14, 2026Yield to maturity3.732%Jan 20, 2026Yield to maturity3.876%Jan 23, 2026Yield to maturity3.848%Jan 28, 2026Yield to maturity3.855%Feb 2, 2026Yield to maturity3.840%Feb 5, 2026Yield to maturity3.750%Feb 10, 2026Yield to maturity3.708%Feb 13, 2026Yield to maturity3.611%Feb 19, 2026Yield to maturity3.651%Feb 24, 2026Yield to maturity3.609%Feb 27, 2026Yield to maturity3.532%Mar 4, 2026Yield to maturity3.684%Mar 9, 2026Yield to maturity3.718%Mar 12, 2026Yield to maturity3.893%Mar 17, 2026Yield to maturity3.801%Mar 20, 2026Yield to maturity4.028%Mar 25, 2026Yield to maturity3.992%Mar 30, 2026Yield to maturity3.985%Apr 2, 2026Yield to maturity3.949%Apr 7, 2026Yield to maturity3.963%Apr 10, 2026Yield to maturity3.948%Apr 15, 2026Yield to maturity3.898%Apr 20, 2026Yield to maturity3.854%Apr 23, 2026Yield to maturity3.963%Apr 28, 2026Yield to maturity3.984%May 1, 2026Yield to maturity4.021%May 6, 2026Yield to maturity3.999%May 11, 2026Yield to maturity4.072%May 14, 2026Yield to maturity4.131%May 19, 2026Yield to maturity4.325%May 22, 2026Yield to maturity4.266%May 28, 2026Yield to maturity4.162%Jun 2, 2026Yield to maturity4.178%Jun 5, 2026Yield to maturity4.284%Jun 10, 2026Yield to maturity4.269%Jun 15, 2026Yield to maturity4.187%Jun 18, 2026Yield to maturity4.240%Jun 24, 2026Yield to maturity4.188%Jun 29, 2026Yield to maturity4.143%Jul 2, 2026Yield to maturity4.227%Jul 8, 2026Yield to maturity4.304%Jul 13, 2026Yield to maturity4.367%Jul 16, 2026Yield to maturity4.275%Jul 21, 2026Yield to maturity4.369%Jul 24, 2026Yield to maturity4.432%Jul 29, 2026Yield to maturity4.371%Aug 3, 2026Yield to maturity4.395%Aug 6, 2026Yield to maturity4.388%Aug 11, 2026Yield to maturity4.381%Aug 14, 2026Yield to maturity4.350%Aug 19, 2026Yield to maturity4.335%Aug 24, 2026Yield to maturity4.399%Aug 27, 2026Yield to maturity4.384%Sep 1, 2026Yield to maturity4.544%Sep 4, 2026Yield to maturity4.538%Sep 9, 2026Yield to maturity4.595%

Price history

654 trading days to Sep 9, 2026

949698100102104Jan 31, 2024Sep 9, 2026Jan 31, 2024Close100.313Feb 5, 2024Close99.063Feb 8, 2024Close99.094Feb 13, 2024Close98.063Feb 16, 2024Close98.156Feb 22, 2024Close97.906Feb 27, 2024Close98.000Mar 1, 2024Close98.813Mar 6, 2024Close99.250Mar 11, 2024Close99.406Mar 14, 2024Close98.188Mar 19, 2024Close98.125Mar 22, 2024Close98.688Mar 27, 2024Close98.813Apr 1, 2024Close98.031Apr 4, 2024Close98.156Apr 9, 2024Close97.781Apr 12, 2024Close96.906Apr 17, 2024Close96.469Apr 22, 2024Close96.281Apr 25, 2024Close95.844Apr 30, 2024Close95.906May 3, 2024Close97.156May 8, 2024Close97.125May 13, 2024Close97.156May 16, 2024Close97.750May 21, 2024Close97.563May 24, 2024Close97.156May 30, 2024Close96.719Jun 4, 2024Close98.063Jun 7, 2024Close97.438Jun 12, 2024Close98.188Jun 17, 2024Close98.375Jun 21, 2024Close98.500Jun 26, 2024Close98.125Jul 1, 2024Close97.406Jul 5, 2024Close98.656Jul 10, 2024Close98.594Jul 15, 2024Close99.063Jul 18, 2024Close99.188Jul 23, 2024Close98.969Jul 26, 2024Close99.344Jul 31, 2024Close100.000Aug 5, 2024Close101.906Aug 8, 2024Close100.594Aug 13, 2024Close101.500Aug 16, 2024Close101.063Aug 21, 2024Close101.688Aug 26, 2024Close101.563Aug 29, 2024Close101.344Sep 4, 2024Close102.031Sep 9, 2024Close102.438Sep 12, 2024Close102.531Sep 17, 2024Close102.719Sep 20, 2024Close102.375Sep 25, 2024Close102.094Sep 30, 2024Close101.875Oct 3, 2024Close101.656Oct 8, 2024Close100.375Oct 11, 2024Close100.219Oct 17, 2024Close100.125Oct 22, 2024Close99.531Oct 25, 2024Close99.219Oct 30, 2024Close98.906Nov 4, 2024Close98.719Nov 7, 2024Close98.719Nov 13, 2024Close98.031Nov 18, 2024Close98.156Nov 21, 2024Close98.094Nov 26, 2024Close98.719Dec 2, 2024Close99.313Dec 5, 2024Close99.344Dec 10, 2024Close99.219Dec 13, 2024Close98.344Dec 18, 2024Close97.656Dec 23, 2024Close97.344Dec 27, 2024Close97.250Jan 2, 2025Close97.656Jan 7, 2025Close97.188Jan 10, 2025Close96.531Jan 15, 2025Close97.250Jan 21, 2025Close97.594Jan 24, 2025Close97.406Jan 29, 2025Close97.813Feb 3, 2025Close97.813Feb 6, 2025Close98.281Feb 11, 2025Close97.781Feb 14, 2025Close98.000Feb 20, 2025Close97.938Feb 25, 2025Close99.031Feb 28, 2025Close99.469Mar 5, 2025Close99.250Mar 10, 2025Close99.719Mar 13, 2025Close99.469Mar 18, 2025Close99.281Mar 21, 2025Close99.594Mar 26, 2025Close99.156Mar 31, 2025Close99.844Apr 3, 2025Close100.906Apr 8, 2025Close100.094Apr 11, 2025Close98.719Apr 16, 2025Close100.031Apr 21, 2025Close99.594Apr 24, 2025Close99.844Apr 29, 2025Close100.656May 2, 2025Close99.938May 7, 2025Close100.250May 12, 2025Close99.125May 15, 2025Close99.250May 20, 2025Close99.219May 23, 2025Close99.156May 29, 2025Close99.531Jun 3, 2025Close99.406Jun 6, 2025Close98.969Jun 11, 2025Close99.563Jun 16, 2025Close99.438Jun 20, 2025Close99.813Jun 25, 2025Close100.406Jun 30, 2025Close100.719Jul 3, 2025Close100.000Jul 9, 2025Close100.094Jul 14, 2025Close99.750Jul 17, 2025Close99.625Jul 22, 2025Close100.250Jul 25, 2025Close99.938Jul 30, 2025Close99.906Aug 4, 2025Close100.938Aug 7, 2025Close100.750Aug 12, 2025Close100.563Aug 15, 2025Close100.469Aug 20, 2025Close100.656Aug 25, 2025Close100.719Aug 28, 2025Close101.188Sep 3, 2025Close101.219Sep 8, 2025Close101.844Sep 11, 2025Close101.813Sep 16, 2025Close101.750Sep 19, 2025Close101.281Sep 24, 2025Close101.156Sep 29, 2025Close101.031Oct 2, 2025Close101.375Oct 7, 2025Close101.188Oct 10, 2025Close101.500Oct 16, 2025Close101.969Oct 21, 2025Close101.938Oct 24, 2025Close101.719Oct 29, 2025Close101.250Nov 3, 2025Close101.188Nov 6, 2025Close101.313Nov 12, 2025Close101.406Nov 17, 2025Close101.156Nov 20, 2025Close101.406Nov 25, 2025Close101.875Dec 1, 2025Close101.406Dec 4, 2025Close101.344Dec 9, 2025Close100.938Dec 12, 2025Close101.063Dec 17, 2025Close101.281Dec 22, 2025Close101.219Dec 26, 2025Close101.313Dec 31, 2025Close101.188Jan 6, 2026Close101.250Jan 9, 2026Close101.063Jan 14, 2026Close101.219Jan 20, 2026Close100.563Jan 23, 2026Close100.688Jan 28, 2026Close100.656Feb 2, 2026Close100.719Feb 5, 2026Close101.125Feb 10, 2026Close101.313Feb 13, 2026Close101.750Feb 19, 2026Close101.563Feb 24, 2026Close101.750Feb 27, 2026Close102.094Mar 4, 2026Close101.406Mar 9, 2026Close101.250Mar 12, 2026Close100.469Mar 17, 2026Close100.875Mar 20, 2026Close99.875Mar 25, 2026Close100.031Mar 30, 2026Close100.063Apr 2, 2026Close100.219Apr 7, 2026Close100.156Apr 10, 2026Close100.219Apr 15, 2026Close100.438Apr 20, 2026Close100.625Apr 23, 2026Close100.156Apr 28, 2026Close100.063May 1, 2026Close99.906May 6, 2026Close100.000May 11, 2026Close99.688May 14, 2026Close99.438May 19, 2026Close98.625May 22, 2026Close98.875May 28, 2026Close99.313Jun 2, 2026Close99.250Jun 5, 2026Close98.813Jun 10, 2026Close98.875Jun 15, 2026Close99.219Jun 18, 2026Close99.000Jun 24, 2026Close99.219Jun 29, 2026Close99.406Jul 2, 2026Close99.063Jul 8, 2026Close98.750Jul 13, 2026Close98.500Jul 16, 2026Close98.875Jul 21, 2026Close98.500Jul 24, 2026Close98.250Jul 29, 2026Close98.500Aug 3, 2026Close98.406Aug 6, 2026Close98.438Aug 11, 2026Close98.469Aug 14, 2026Close98.594Aug 19, 2026Close98.656Aug 24, 2026Close98.406Aug 27, 2026Close98.469Sep 1, 2026Close97.844Sep 4, 2026Close97.875Sep 9, 2026Close97.656
The most recent 20 trading days of prices for 91282CJX0.
DateBidOfferClose
Sep 9, 202697.65697.62597.656
Sep 8, 202697.85997.84497.813
Sep 4, 202697.93897.90697.875
Sep 3, 202698.10998.09498.000
Sep 2, 202697.85997.84497.875
Sep 1, 202697.96997.93897.844
Aug 31, 202698.07898.06398.063
Aug 28, 202698.21998.18898.094
Aug 27, 202698.57898.56398.469
Aug 26, 202698.54798.53198.531
Aug 25, 202698.64198.62598.656
Aug 24, 202698.48498.46998.406
Aug 21, 202698.34498.31398.344
Aug 20, 202698.51698.50098.531
Aug 19, 202698.60998.59498.656
Aug 18, 202698.57898.56398.563
Aug 17, 202698.60998.59498.563
Aug 14, 202698.68898.65698.594
Aug 13, 202698.76698.75098.781
Aug 12, 202698.60998.59498.531

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 91282CJX0.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Jan 25, 2024Jan 31, 2024New issue$41.0bn$41.0bn2.57x4.109%

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.

Free to benchmark against. Paid only to track. Measuring anything against these curves and indices is free. No license, no fee, no registration, and no permission needed to say that you did, including in a prospectus. A fee applies to one thing: launching a product that tracks an index.

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.