Treasury note

91282CJZ5 · 4% due February 15, 2034

Original term
10-Year
Maturity
Feb 15, 2034
Coupon
4.000%
Pays
Semi-Annual
Dated
Feb 15, 2024
First coupon
Aug 15, 2024
Priced through
Sep 9, 2026
Analyzed through
Sep 9, 2026

Statement of August 31, 2026

Amount outstanding
$123.09bn
Held stripped
$23.2m
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
4.746%
Modified duration
6.305 yr
DV01
0.0603
Convexity
46.543
Dirty price
95.658

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 8 of twelve buckets, summing to 6.455 years against a modified duration of 6.305.

Against the fitted curve

Priced 3.2 bp cheap to the curve on that day, 19.49 cents per 100 of face.

That is 1.28 standard deviations from its own typical residual.

Yield to maturity, 643 observations

3.50%3.75%4.00%4.25%4.50%4.75%5.00%Feb 15, 2024Sep 9, 2026Feb 15, 2024Yield to maturity4.240%Feb 21, 2024Yield to maturity4.323%Feb 26, 2024Yield to maturity4.283%Feb 29, 2024Yield to maturity4.248%Mar 5, 2024Yield to maturity4.131%Mar 8, 2024Yield to maturity4.085%Mar 13, 2024Yield to maturity4.194%Mar 18, 2024Yield to maturity4.336%Mar 21, 2024Yield to maturity4.273%Mar 26, 2024Yield to maturity4.234%Mar 29, 2024Yield to maturity4.202%Apr 3, 2024Yield to maturity4.353%Apr 8, 2024Yield to maturity4.418%Apr 11, 2024Yield to maturity4.564%Apr 16, 2024Yield to maturity4.663%Apr 19, 2024Yield to maturity4.615%Apr 24, 2024Yield to maturity4.648%Apr 29, 2024Yield to maturity4.628%May 2, 2024Yield to maturity4.575%May 7, 2024Yield to maturity4.465%May 10, 2024Yield to maturity4.515%May 15, 2024Yield to maturity4.365%May 20, 2024Yield to maturity4.446%May 23, 2024Yield to maturity4.483%May 29, 2024Yield to maturity4.616%Jun 3, 2024Yield to maturity4.411%Jun 6, 2024Yield to maturity4.286%Jun 11, 2024Yield to maturity4.399%Jun 14, 2024Yield to maturity4.214%Jun 20, 2024Yield to maturity4.254%Jun 25, 2024Yield to maturity4.234%Jun 28, 2024Yield to maturity4.356%Jul 3, 2024Yield to maturity4.365%Jul 9, 2024Yield to maturity4.300%Jul 12, 2024Yield to maturity4.183%Jul 17, 2024Yield to maturity4.151%Jul 22, 2024Yield to maturity4.256%Jul 25, 2024Yield to maturity4.261%Jul 30, 2024Yield to maturity4.144%Aug 2, 2024Yield to maturity3.791%Aug 7, 2024Yield to maturity3.964%Aug 12, 2024Yield to maturity3.905%Aug 15, 2024Yield to maturity3.921%Aug 20, 2024Yield to maturity3.822%Aug 23, 2024Yield to maturity3.810%Aug 28, 2024Yield to maturity3.845%Sep 3, 2024Yield to maturity3.837%Sep 6, 2024Yield to maturity3.711%Sep 11, 2024Yield to maturity3.641%Sep 16, 2024Yield to maturity3.617%Sep 19, 2024Yield to maturity3.714%Sep 24, 2024Yield to maturity3.721%Sep 27, 2024Yield to maturity3.737%Oct 2, 2024Yield to maturity3.772%Oct 7, 2024Yield to maturity4.020%Oct 10, 2024Yield to maturity4.081%Oct 16, 2024Yield to maturity4.008%Oct 21, 2024Yield to maturity4.171%Oct 24, 2024Yield to maturity4.200%Oct 29, 2024Yield to maturity4.271%Nov 1, 2024Yield to maturity4.367%Nov 6, 2024Yield to maturity4.435%Nov 12, 2024Yield to maturity4.444%Nov 15, 2024Yield to maturity4.432%Nov 20, 2024Yield to maturity4.415%Nov 25, 2024Yield to maturity4.272%Nov 29, 2024Yield to maturity4.181%Dec 4, 2024Yield to maturity4.189%Dec 9, 2024Yield to maturity4.198%Dec 12, 2024Yield to maturity4.324%Dec 17, 2024Yield to maturity4.392%Dec 20, 2024Yield to maturity4.517%Dec 26, 2024Yield to maturity4.574%Dec 31, 2024Yield to maturity4.566%Jan 6, 2025Yield to maturity4.610%Jan 9, 2025Yield to maturity4.681%Jan 14, 2025Yield to maturity4.779%Jan 17, 2025Yield to maturity4.599%Jan 23, 2025Yield to maturity4.631%Jan 28, 2025Yield to maturity4.531%Jan 31, 2025Yield to maturity4.562%Feb 5, 2025Yield to maturity4.406%Feb 10, 2025Yield to maturity4.485%Feb 13, 2025Yield to maturity4.516%Feb 19, 2025Yield to maturity4.521%Feb 24, 2025Yield to maturity4.387%Feb 27, 2025Yield to maturity4.271%Mar 4, 2025Yield to maturity4.203%Mar 7, 2025Yield to maturity4.297%Mar 12, 2025Yield to maturity4.297%Mar 17, 2025Yield to maturity4.289%Mar 20, 2025Yield to maturity4.208%Mar 25, 2025Yield to maturity4.281%Mar 28, 2025Yield to maturity4.229%Apr 2, 2025Yield to maturity4.165%Apr 7, 2025Yield to maturity4.097%Apr 10, 2025Yield to maturity4.360%Apr 15, 2025Yield to maturity4.295%Apr 18, 2025Yield to maturity4.287%Apr 23, 2025Yield to maturity4.348%Apr 28, 2025Yield to maturity4.171%May 1, 2025Yield to maturity4.179%May 6, 2025Yield to maturity4.253%May 9, 2025Yield to maturity4.323%May 14, 2025Yield to maturity4.478%May 19, 2025Yield to maturity4.395%May 22, 2025Yield to maturity4.475%May 28, 2025Yield to maturity4.409%Jun 2, 2025Yield to maturity4.383%Jun 5, 2025Yield to maturity4.326%Jun 10, 2025Yield to maturity4.401%Jun 13, 2025Yield to maturity4.344%Jun 18, 2025Yield to maturity4.309%Jun 24, 2025Yield to maturity4.208%Jun 27, 2025Yield to maturity4.195%Jul 2, 2025Yield to maturity4.204%Jul 8, 2025Yield to maturity4.329%Jul 11, 2025Yield to maturity4.338%Jul 16, 2025Yield to maturity4.356%Jul 21, 2025Yield to maturity4.281%Jul 24, 2025Yield to maturity4.326%Jul 29, 2025Yield to maturity4.233%Aug 1, 2025Yield to maturity4.123%Aug 6, 2025Yield to maturity4.118%Aug 11, 2025Yield to maturity4.167%Aug 14, 2025Yield to maturity4.167%Aug 19, 2025Yield to maturity4.176%Aug 22, 2025Yield to maturity4.128%Aug 27, 2025Yield to maturity4.101%Sep 2, 2025Yield to maturity4.132%Sep 5, 2025Yield to maturity3.947%Sep 10, 2025Yield to maturity3.903%Sep 15, 2025Yield to maturity3.907%Sep 18, 2025Yield to maturity3.978%Sep 23, 2025Yield to maturity3.986%Sep 26, 2025Yield to maturity4.071%Oct 1, 2025Yield to maturity3.991%Oct 6, 2025Yield to maturity4.057%Oct 9, 2025Yield to maturity4.031%Oct 15, 2025Yield to maturity3.928%Oct 20, 2025Yield to maturity3.871%Oct 23, 2025Yield to maturity3.884%Oct 28, 2025Yield to maturity3.875%Oct 31, 2025Yield to maturity3.990%Nov 5, 2025Yield to maturity4.044%Nov 10, 2025Yield to maturity3.999%Nov 14, 2025Yield to maturity4.017%Nov 19, 2025Yield to maturity3.995%Nov 24, 2025Yield to maturity3.901%Nov 28, 2025Yield to maturity3.878%Dec 3, 2025Yield to maturity3.914%Dec 8, 2025Yield to maturity4.035%Dec 11, 2025Yield to maturity4.008%Dec 16, 2025Yield to maturity4.004%Dec 19, 2025Yield to maturity4.008%Dec 24, 2025Yield to maturity4.013%Dec 30, 2025Yield to maturity3.990%Jan 5, 2026Yield to maturity4.022%Jan 8, 2026Yield to maturity4.041%Jan 13, 2026Yield to maturity4.036%Jan 16, 2026Yield to maturity4.105%Jan 22, 2026Yield to maturity4.128%Jan 27, 2026Yield to maturity4.110%Jan 30, 2026Yield to maturity4.110%Feb 4, 2026Yield to maturity4.148%Feb 9, 2026Yield to maturity4.060%Feb 12, 2026Yield to maturity3.959%Feb 18, 2026Yield to maturity3.940%Feb 23, 2026Yield to maturity3.880%Feb 26, 2026Yield to maturity3.867%Mar 3, 2026Yield to maturity3.908%Mar 6, 2026Yield to maturity4.000%Mar 11, 2026Yield to maturity4.065%Mar 16, 2026Yield to maturity4.079%Mar 19, 2026Yield to maturity4.130%Mar 24, 2026Yield to maturity4.272%Mar 27, 2026Yield to maturity4.320%Apr 1, 2026Yield to maturity4.211%Apr 6, 2026Yield to maturity4.221%Apr 9, 2026Yield to maturity4.164%Apr 14, 2026Yield to maturity4.122%Apr 17, 2026Yield to maturity4.108%Apr 22, 2026Yield to maturity4.165%Apr 27, 2026Yield to maturity4.203%Apr 30, 2026Yield to maturity4.261%May 5, 2026Yield to maturity4.300%May 8, 2026Yield to maturity4.242%May 13, 2026Yield to maturity4.339%May 18, 2026Yield to maturity4.486%May 21, 2026Yield to maturity4.452%May 27, 2026Yield to maturity4.370%Jun 1, 2026Yield to maturity4.370%Jun 4, 2026Yield to maturity4.371%Jun 9, 2026Yield to maturity4.430%Jun 12, 2026Yield to maturity4.387%Jun 17, 2026Yield to maturity4.412%Jun 23, 2026Yield to maturity4.412%Jun 26, 2026Yield to maturity4.285%Jul 1, 2026Yield to maturity4.389%Jul 7, 2026Yield to maturity4.444%Jul 10, 2026Yield to maturity4.465%Jul 15, 2026Yield to maturity4.435%Jul 20, 2026Yield to maturity4.491%Jul 23, 2026Yield to maturity4.613%Jul 28, 2026Yield to maturity4.508%Jul 31, 2026Yield to maturity4.630%Aug 5, 2026Yield to maturity4.509%Aug 10, 2026Yield to maturity4.596%Aug 13, 2026Yield to maturity4.510%Aug 18, 2026Yield to maturity4.572%Aug 21, 2026Yield to maturity4.609%Aug 26, 2026Yield to maturity4.543%Aug 31, 2026Yield to maturity4.651%Sep 3, 2026Yield to maturity4.667%Sep 9, 2026Yield to maturity4.746%

Price history

643 trading days to Sep 9, 2026

949698100102104Feb 15, 2024Sep 9, 2026Feb 15, 2024Close98.063Feb 21, 2024Close97.406Feb 26, 2024Close97.719Feb 29, 2024Close98.000Mar 5, 2024Close98.938Mar 8, 2024Close99.313Mar 13, 2024Close98.438Mar 18, 2024Close97.313Mar 21, 2024Close97.813Mar 26, 2024Close98.125Mar 29, 2024Close98.375Apr 3, 2024Close97.188Apr 8, 2024Close96.688Apr 11, 2024Close95.563Apr 16, 2024Close94.813Apr 19, 2024Close95.188Apr 24, 2024Close94.938Apr 29, 2024Close95.094May 2, 2024Close95.500May 7, 2024Close96.344May 10, 2024Close95.969May 15, 2024Close97.125May 20, 2024Close96.500May 23, 2024Close96.219May 29, 2024Close95.219Jun 3, 2024Close96.781Jun 6, 2024Close97.750Jun 11, 2024Close96.875Jun 14, 2024Close98.313Jun 20, 2024Close98.000Jun 25, 2024Close98.156Jun 28, 2024Close97.219Jul 3, 2024Close97.156Jul 9, 2024Close97.656Jul 12, 2024Close98.563Jul 17, 2024Close98.813Jul 22, 2024Close98.000Jul 25, 2024Close97.969Jul 30, 2024Close98.875Aug 2, 2024Close101.656Aug 7, 2024Close100.281Aug 12, 2024Close100.750Aug 15, 2024Close100.625Aug 20, 2024Close101.406Aug 23, 2024Close101.500Aug 28, 2024Close101.219Sep 3, 2024Close101.281Sep 6, 2024Close102.281Sep 11, 2024Close102.844Sep 16, 2024Close103.031Sep 19, 2024Close102.250Sep 24, 2024Close102.188Sep 27, 2024Close102.063Oct 2, 2024Close101.781Oct 7, 2024Close99.844Oct 10, 2024Close99.375Oct 16, 2024Close99.938Oct 21, 2024Close98.688Oct 24, 2024Close98.469Oct 29, 2024Close97.938Nov 1, 2024Close97.219Nov 6, 2024Close96.719Nov 12, 2024Close96.656Nov 15, 2024Close96.750Nov 20, 2024Close96.875Nov 25, 2024Close97.938Nov 29, 2024Close98.625Dec 4, 2024Close98.563Dec 9, 2024Close98.500Dec 12, 2024Close97.563Dec 17, 2024Close97.063Dec 20, 2024Close96.156Dec 26, 2024Close95.750Dec 31, 2024Close95.813Jan 6, 2025Close95.500Jan 9, 2025Close95.000Jan 14, 2025Close94.313Jan 17, 2025Close95.594Jan 23, 2025Close95.375Jan 28, 2025Close96.094Jan 31, 2025Close95.875Feb 5, 2025Close97.000Feb 10, 2025Close96.438Feb 13, 2025Close96.219Feb 19, 2025Close96.188Feb 24, 2025Close97.156Feb 27, 2025Close98.000Mar 4, 2025Close98.500Mar 7, 2025Close97.813Mar 12, 2025Close97.813Mar 17, 2025Close97.875Mar 20, 2025Close98.469Mar 25, 2025Close97.938Mar 28, 2025Close98.313Apr 2, 2025Close98.781Apr 7, 2025Close99.281Apr 10, 2025Close97.375Apr 15, 2025Close97.844Apr 18, 2025Close97.906Apr 23, 2025Close97.469Apr 28, 2025Close98.750May 1, 2025Close98.688May 6, 2025Close98.156May 9, 2025Close97.656May 14, 2025Close96.563May 19, 2025Close97.156May 22, 2025Close96.594May 28, 2025Close97.063Jun 2, 2025Close97.250Jun 5, 2025Close97.656Jun 10, 2025Close97.125Jun 13, 2025Close97.531Jun 18, 2025Close97.781Jun 24, 2025Close98.500Jun 27, 2025Close98.594Jul 2, 2025Close98.531Jul 8, 2025Close97.656Jul 11, 2025Close97.594Jul 16, 2025Close97.469Jul 21, 2025Close98.000Jul 24, 2025Close97.688Jul 29, 2025Close98.344Aug 1, 2025Close99.125Aug 6, 2025Close99.156Aug 11, 2025Close98.813Aug 14, 2025Close98.813Aug 19, 2025Close98.750Aug 22, 2025Close99.094Aug 27, 2025Close99.281Sep 2, 2025Close99.063Sep 5, 2025Close100.375Sep 10, 2025Close100.688Sep 15, 2025Close100.656Sep 18, 2025Close100.156Sep 23, 2025Close100.094Sep 26, 2025Close99.500Oct 1, 2025Close100.063Oct 6, 2025Close99.594Oct 9, 2025Close99.781Oct 15, 2025Close100.500Oct 20, 2025Close100.906Oct 23, 2025Close100.813Oct 28, 2025Close100.875Oct 31, 2025Close100.063Nov 5, 2025Close99.688Nov 10, 2025Close100.000Nov 14, 2025Close99.875Nov 19, 2025Close100.031Nov 24, 2025Close100.688Nov 28, 2025Close100.844Dec 3, 2025Close100.594Dec 8, 2025Close99.750Dec 11, 2025Close99.938Dec 16, 2025Close99.969Dec 19, 2025Close99.938Dec 24, 2025Close99.906Dec 30, 2025Close100.063Jan 5, 2026Close99.844Jan 8, 2026Close99.719Jan 13, 2026Close99.750Jan 16, 2026Close99.281Jan 22, 2026Close99.125Jan 27, 2026Close99.250Jan 30, 2026Close99.250Feb 4, 2026Close99.000Feb 9, 2026Close99.594Feb 12, 2026Close100.281Feb 18, 2026Close100.406Feb 23, 2026Close100.813Feb 26, 2026Close100.906Mar 3, 2026Close100.625Mar 6, 2026Close100.000Mar 11, 2026Close99.563Mar 16, 2026Close99.469Mar 19, 2026Close99.125Mar 24, 2026Close98.188Mar 27, 2026Close97.875Apr 1, 2026Close98.594Apr 6, 2026Close98.531Apr 9, 2026Close98.906Apr 14, 2026Close99.188Apr 17, 2026Close99.281Apr 22, 2026Close98.906Apr 27, 2026Close98.656Apr 30, 2026Close98.281May 5, 2026Close98.031May 8, 2026Close98.406May 13, 2026Close97.781May 18, 2026Close96.844May 21, 2026Close97.063May 27, 2026Close97.594Jun 1, 2026Close97.594Jun 4, 2026Close97.594Jun 9, 2026Close97.219Jun 12, 2026Close97.500Jun 17, 2026Close97.344Jun 23, 2026Close97.344Jun 26, 2026Close98.156Jul 1, 2026Close97.500Jul 7, 2026Close97.156Jul 10, 2026Close97.031Jul 15, 2026Close97.219Jul 20, 2026Close96.875Jul 23, 2026Close96.125Jul 28, 2026Close96.781Jul 31, 2026Close96.031Aug 5, 2026Close96.781Aug 10, 2026Close96.250Aug 13, 2026Close96.781Aug 18, 2026Close96.406Aug 21, 2026Close96.188Aug 26, 2026Close96.594Aug 31, 2026Close95.938Sep 3, 2026Close95.844Sep 9, 2026Close95.375
The most recent 20 trading days of prices for 91282CJZ5.
DateBidOfferClose
Sep 9, 202695.32895.31395.375
Sep 8, 202695.67295.65695.594
Sep 4, 202695.79795.78195.719
Sep 3, 202695.98495.96995.844
Sep 2, 202695.64195.62595.656
Sep 1, 202695.82895.81395.656
Aug 31, 202695.92295.90695.938
Aug 28, 202696.23496.21996.063
Aug 27, 202696.64196.62596.500
Aug 26, 202696.64196.62596.594
Aug 25, 202696.70396.68896.750
Aug 24, 202696.45396.43896.344
Aug 21, 202696.20396.18896.188
Aug 20, 202696.42296.40696.438
Aug 19, 202696.64196.62596.719
Aug 18, 202696.39196.37596.406
Aug 17, 202696.45396.43896.344
Aug 14, 202696.57896.56396.500
Aug 13, 202696.79796.78196.781
Aug 12, 202696.54796.53196.469

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 91282CJZ5.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Feb 7, 2024Feb 15, 2024New issue$42.0bn$45.1bn2.56x4.093%
Mar 12, 2024Mar 15, 2024Reopening$39.0bn$39.0bn2.51x4.166%
Apr 10, 2024Apr 15, 2024Reopening$39.0bn$39.6bn2.34x4.560%

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.