Treasury note

91282CKE0 · 4.25% due March 15, 2027

Original term
3-Year
Maturity
Mar 15, 2027
Coupon
4.250%
Pays
Semi-Annual
Dated
Mar 15, 2024
First coupon
Sep 15, 2024
Priced through
Sep 9, 2026
Analyzed through
Sep 9, 2026

Statement of August 31, 2026

Amount outstanding
$55.20bn
Held stripped
$26.4m
Share stripped
0.05%

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
4.001%
Modified duration
0.493 yr
DV01
0.0050
Convexity
0.490
Dirty price
102.192

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 2 of twelve buckets, summing to 0.499 years against a modified duration of 0.493.

Against the fitted curve

Priced 3.6 bp rich to the curve on that day, 1.81 cents per 100 of face.

That is -0.21 standard deviations from its own typical residual.

Yield to maturity, 623 observations

3.25%3.50%3.75%4.00%4.25%4.50%4.75%5.00%Mar 15, 2024Sep 9, 2026Mar 15, 2024Yield to maturity4.509%Mar 20, 2024Yield to maturity4.408%Mar 25, 2024Yield to maturity4.397%Mar 28, 2024Yield to maturity4.409%Apr 2, 2024Yield to maturity4.512%Apr 5, 2024Yield to maturity4.548%Apr 10, 2024Yield to maturity4.804%Apr 15, 2024Yield to maturity4.795%Apr 18, 2024Yield to maturity4.832%Apr 23, 2024Yield to maturity4.775%Apr 26, 2024Yield to maturity4.848%May 1, 2024Yield to maturity4.814%May 6, 2024Yield to maturity4.662%May 9, 2024Yield to maturity4.639%May 14, 2024Yield to maturity4.628%May 17, 2024Yield to maturity4.630%May 22, 2024Yield to maturity4.667%May 28, 2024Yield to maturity4.767%May 31, 2024Yield to maturity4.720%Jun 5, 2024Yield to maturity4.538%Jun 10, 2024Yield to maturity4.699%Jun 13, 2024Yield to maturity4.479%Jun 18, 2024Yield to maturity4.493%Jun 24, 2024Yield to maturity4.519%Jun 27, 2024Yield to maturity4.544%Jul 2, 2024Yield to maturity4.583%Jul 8, 2024Yield to maturity4.447%Jul 11, 2024Yield to maturity4.323%Jul 16, 2024Yield to maturity4.248%Jul 19, 2024Yield to maturity4.336%Jul 24, 2024Yield to maturity4.286%Jul 29, 2024Yield to maturity4.236%Aug 1, 2024Yield to maturity4.020%Aug 6, 2024Yield to maturity3.854%Aug 9, 2024Yield to maturity3.929%Aug 14, 2024Yield to maturity3.813%Aug 19, 2024Yield to maturity3.914%Aug 22, 2024Yield to maturity3.861%Aug 27, 2024Yield to maturity3.769%Aug 30, 2024Yield to maturity3.831%Sep 5, 2024Yield to maturity3.635%Sep 10, 2024Yield to maturity3.490%Sep 13, 2024Yield to maturity3.486%Sep 18, 2024Yield to maturity3.523%Sep 23, 2024Yield to maturity3.505%Sep 26, 2024Yield to maturity3.569%Oct 1, 2024Yield to maturity3.552%Oct 4, 2024Yield to maturity3.870%Oct 9, 2024Yield to maturity3.950%Oct 15, 2024Yield to maturity3.893%Oct 18, 2024Yield to maturity3.891%Oct 23, 2024Yield to maturity4.041%Oct 28, 2024Yield to maturity4.095%Oct 31, 2024Yield to maturity4.136%Nov 5, 2024Yield to maturity4.164%Nov 8, 2024Yield to maturity4.234%Nov 14, 2024Yield to maturity4.319%Nov 19, 2024Yield to maturity4.262%Nov 22, 2024Yield to maturity4.348%Nov 27, 2024Yield to maturity4.219%Dec 3, 2024Yield to maturity4.175%Dec 6, 2024Yield to maturity4.102%Dec 11, 2024Yield to maturity4.160%Dec 16, 2024Yield to maturity4.233%Dec 19, 2024Yield to maturity4.336%Dec 24, 2024Yield to maturity4.352%Dec 30, 2024Yield to maturity4.262%Jan 3, 2025Yield to maturity4.293%Jan 8, 2025Yield to maturity4.293%Jan 13, 2025Yield to maturity4.431%Jan 16, 2025Yield to maturity4.263%Jan 22, 2025Yield to maturity4.309%Jan 27, 2025Yield to maturity4.217%Jan 30, 2025Yield to maturity4.201%Feb 4, 2025Yield to maturity4.217%Feb 7, 2025Yield to maturity4.296%Feb 12, 2025Yield to maturity4.375%Feb 18, 2025Yield to maturity4.313%Feb 21, 2025Yield to maturity4.201%Feb 26, 2025Yield to maturity4.072%Mar 3, 2025Yield to maturity3.974%Mar 6, 2025Yield to maturity3.974%Mar 11, 2025Yield to maturity3.939%Mar 14, 2025Yield to maturity4.019%Mar 19, 2025Yield to maturity3.985%Mar 24, 2025Yield to maturity4.033%Mar 27, 2025Yield to maturity4.015%Apr 1, 2025Yield to maturity3.896%Apr 4, 2025Yield to maturity3.709%Apr 9, 2025Yield to maturity3.943%Apr 14, 2025Yield to maturity3.873%Apr 17, 2025Yield to maturity3.820%Apr 22, 2025Yield to maturity3.834%Apr 25, 2025Yield to maturity3.796%Apr 30, 2025Yield to maturity3.621%May 5, 2025Yield to maturity3.878%May 8, 2025Yield to maturity3.929%May 13, 2025Yield to maturity4.051%May 16, 2025Yield to maturity4.014%May 21, 2025Yield to maturity4.031%May 27, 2025Yield to maturity4.011%May 30, 2025Yield to maturity3.954%Jun 4, 2025Yield to maturity3.916%Jun 9, 2025Yield to maturity4.043%Jun 12, 2025Yield to maturity3.949%Jun 17, 2025Yield to maturity3.984%Jun 23, 2025Yield to maturity3.888%Jun 26, 2025Yield to maturity3.792%Jul 1, 2025Yield to maturity3.845%Jul 7, 2025Yield to maturity3.957%Jul 10, 2025Yield to maturity3.936%Jul 15, 2025Yield to maturity3.993%Jul 18, 2025Yield to maturity3.932%Jul 23, 2025Yield to maturity3.950%Jul 28, 2025Yield to maturity3.968%Jul 31, 2025Yield to maturity4.006%Aug 5, 2025Yield to maturity3.783%Aug 8, 2025Yield to maturity3.820%Aug 13, 2025Yield to maturity3.737%Aug 18, 2025Yield to maturity3.835%Aug 21, 2025Yield to maturity3.854%Aug 26, 2025Yield to maturity3.747%Aug 29, 2025Yield to maturity3.721%Sep 4, 2025Yield to maturity3.676%Sep 9, 2025Yield to maturity3.629%Sep 12, 2025Yield to maturity3.624%Sep 17, 2025Yield to maturity3.599%Sep 22, 2025Yield to maturity3.658%Sep 25, 2025Yield to maturity3.720%Sep 30, 2025Yield to maturity3.671%Oct 3, 2025Yield to maturity3.620%Oct 8, 2025Yield to maturity3.639%Oct 14, 2025Yield to maturity3.541%Oct 17, 2025Yield to maturity3.511%Oct 22, 2025Yield to maturity3.507%Oct 27, 2025Yield to maturity3.546%Oct 30, 2025Yield to maturity3.659%Nov 4, 2025Yield to maturity3.629%Nov 7, 2025Yield to maturity3.623%Nov 13, 2025Yield to maturity3.642%Nov 18, 2025Yield to maturity3.635%Nov 21, 2025Yield to maturity3.580%Nov 26, 2025Yield to maturity3.574%Dec 2, 2025Yield to maturity3.592%Dec 5, 2025Yield to maturity3.610%Dec 10, 2025Yield to maturity3.581%Dec 15, 2025Yield to maturity3.548%Dec 18, 2025Yield to maturity3.492%Dec 23, 2025Yield to maturity3.562%Dec 29, 2025Yield to maturity3.500%Jan 2, 2026Yield to maturity3.516%Jan 7, 2026Yield to maturity3.511%Jan 12, 2026Yield to maturity3.558%Jan 15, 2026Yield to maturity3.581%Jan 21, 2026Yield to maturity3.599%Jan 26, 2026Yield to maturity3.592%Jan 29, 2026Yield to maturity3.559%Feb 3, 2026Yield to maturity3.579%Feb 6, 2026Yield to maturity3.513%Feb 11, 2026Yield to maturity3.537%Feb 17, 2026Yield to maturity3.497%Feb 20, 2026Yield to maturity3.518%Feb 25, 2026Yield to maturity3.543%Mar 2, 2026Yield to maturity3.565%Mar 5, 2026Yield to maturity3.622%Mar 10, 2026Yield to maturity3.614%Mar 13, 2026Yield to maturity3.702%Mar 18, 2026Yield to maturity3.698%Mar 23, 2026Yield to maturity3.821%Mar 26, 2026Yield to maturity3.850%Mar 31, 2026Yield to maturity3.743%Apr 3, 2026Yield to maturity3.804%Apr 8, 2026Yield to maturity3.765%Apr 13, 2026Yield to maturity3.758%Apr 16, 2026Yield to maturity3.718%Apr 21, 2026Yield to maturity3.746%Apr 24, 2026Yield to maturity3.702%Apr 29, 2026Yield to maturity3.769%May 4, 2026Yield to maturity3.799%May 7, 2026Yield to maturity3.757%May 12, 2026Yield to maturity3.787%May 15, 2026Yield to maturity3.818%May 20, 2026Yield to maturity3.813%May 26, 2026Yield to maturity3.804%May 29, 2026Yield to maturity3.837%Jun 3, 2026Yield to maturity3.833%Jun 8, 2026Yield to maturity3.867%Jun 11, 2026Yield to maturity3.863%Jun 16, 2026Yield to maturity3.856%Jun 22, 2026Yield to maturity4.023%Jun 25, 2026Yield to maturity3.976%Jun 30, 2026Yield to maturity4.016%Jul 6, 2026Yield to maturity3.965%Jul 9, 2026Yield to maturity4.008%Jul 14, 2026Yield to maturity3.956%Jul 17, 2026Yield to maturity3.950%Jul 22, 2026Yield to maturity4.045%Jul 27, 2026Yield to maturity4.092%Jul 30, 2026Yield to maturity3.988%Aug 4, 2026Yield to maturity3.983%Aug 7, 2026Yield to maturity3.977%Aug 12, 2026Yield to maturity3.974%Aug 17, 2026Yield to maturity3.913%Aug 20, 2026Yield to maturity3.909%Aug 25, 2026Yield to maturity3.901%Aug 28, 2026Yield to maturity3.952%Sep 2, 2026Yield to maturity4.008%Sep 8, 2026Yield to maturity4.002%Sep 9, 2026Yield to maturity4.001%

Price history

623 trading days to Sep 9, 2026

9899100101102Mar 15, 2024Sep 9, 2026Mar 15, 2024Close99.281Mar 20, 2024Close99.563Mar 25, 2024Close99.594Mar 28, 2024Close99.563Apr 2, 2024Close99.281Apr 5, 2024Close99.188Apr 10, 2024Close98.500Apr 15, 2024Close98.531Apr 18, 2024Close98.438Apr 23, 2024Close98.594Apr 26, 2024Close98.406May 1, 2024Close98.500May 6, 2024Close98.906May 9, 2024Close98.969May 14, 2024Close99.000May 17, 2024Close99.000May 22, 2024Close98.906May 28, 2024Close98.656May 31, 2024Close98.781Jun 5, 2024Close99.250Jun 10, 2024Close98.844Jun 13, 2024Close99.406Jun 18, 2024Close99.375Jun 24, 2024Close99.313Jun 27, 2024Close99.250Jul 2, 2024Close99.156Jul 8, 2024Close99.500Jul 11, 2024Close99.813Jul 16, 2024Close100.000Jul 19, 2024Close99.781Jul 24, 2024Close99.906Jul 29, 2024Close100.031Aug 1, 2024Close100.563Aug 6, 2024Close100.969Aug 9, 2024Close100.781Aug 14, 2024Close101.063Aug 19, 2024Close100.813Aug 22, 2024Close100.938Aug 27, 2024Close101.156Aug 30, 2024Close101.000Sep 5, 2024Close101.469Sep 10, 2024Close101.813Sep 13, 2024Close101.813Sep 18, 2024Close101.719Sep 23, 2024Close101.750Sep 26, 2024Close101.594Oct 1, 2024Close101.625Oct 4, 2024Close100.875Oct 9, 2024Close100.688Oct 15, 2024Close100.813Oct 18, 2024Close100.813Oct 23, 2024Close100.469Oct 28, 2024Close100.344Oct 31, 2024Close100.250Nov 5, 2024Close100.188Nov 8, 2024Close100.031Nov 14, 2024Close99.844Nov 19, 2024Close99.969Nov 22, 2024Close99.781Nov 27, 2024Close100.063Dec 3, 2024Close100.156Dec 6, 2024Close100.313Dec 11, 2024Close100.188Dec 16, 2024Close100.031Dec 19, 2024Close99.813Dec 24, 2024Close99.781Dec 30, 2024Close99.969Jan 3, 2025Close99.906Jan 8, 2025Close99.906Jan 13, 2025Close99.625Jan 16, 2025Close99.969Jan 22, 2025Close99.875Jan 27, 2025Close100.063Jan 30, 2025Close100.094Feb 4, 2025Close100.063Feb 7, 2025Close99.906Feb 12, 2025Close99.750Feb 18, 2025Close99.875Feb 21, 2025Close100.094Feb 26, 2025Close100.344Mar 3, 2025Close100.531Mar 6, 2025Close100.531Mar 11, 2025Close100.594Mar 14, 2025Close100.438Mar 19, 2025Close100.500Mar 24, 2025Close100.406Mar 27, 2025Close100.438Apr 1, 2025Close100.656Apr 4, 2025Close101.000Apr 9, 2025Close100.563Apr 14, 2025Close100.688Apr 17, 2025Close100.781Apr 22, 2025Close100.750Apr 25, 2025Close100.813Apr 30, 2025Close101.125May 5, 2025Close100.656May 8, 2025Close100.563May 13, 2025Close100.344May 16, 2025Close100.406May 21, 2025Close100.375May 27, 2025Close100.406May 30, 2025Close100.500Jun 4, 2025Close100.563Jun 9, 2025Close100.344Jun 12, 2025Close100.500Jun 17, 2025Close100.438Jun 23, 2025Close100.594Jun 26, 2025Close100.750Jul 1, 2025Close100.656Jul 7, 2025Close100.469Jul 10, 2025Close100.500Jul 15, 2025Close100.406Jul 18, 2025Close100.500Jul 23, 2025Close100.469Jul 28, 2025Close100.438Jul 31, 2025Close100.375Aug 5, 2025Close100.719Aug 8, 2025Close100.656Aug 13, 2025Close100.781Aug 18, 2025Close100.625Aug 21, 2025Close100.594Aug 26, 2025Close100.750Aug 29, 2025Close100.781Sep 4, 2025Close100.844Sep 9, 2025Close100.906Sep 12, 2025Close100.906Sep 17, 2025Close100.938Sep 22, 2025Close100.844Sep 25, 2025Close100.750Sep 30, 2025Close100.813Oct 3, 2025Close100.875Oct 8, 2025Close100.844Oct 14, 2025Close100.969Oct 17, 2025Close101.000Oct 22, 2025Close101.000Oct 27, 2025Close100.938Oct 30, 2025Close100.781Nov 4, 2025Close100.813Nov 7, 2025Close100.813Nov 13, 2025Close100.781Nov 18, 2025Close100.781Nov 21, 2025Close100.844Nov 26, 2025Close100.844Dec 2, 2025Close100.813Dec 5, 2025Close100.781Dec 10, 2025Close100.813Dec 15, 2025Close100.844Dec 18, 2025Close100.906Dec 23, 2025Close100.813Dec 29, 2025Close100.875Jan 2, 2026Close100.844Jan 7, 2026Close100.844Jan 12, 2026Close100.781Jan 15, 2026Close100.750Jan 21, 2026Close100.719Jan 26, 2026Close100.719Jan 29, 2026Close100.750Feb 3, 2026Close100.719Feb 6, 2026Close100.781Feb 11, 2026Close100.750Feb 17, 2026Close100.781Feb 20, 2026Close100.750Feb 25, 2026Close100.719Mar 2, 2026Close100.688Mar 5, 2026Close100.625Mar 10, 2026Close100.625Mar 13, 2026Close100.531Mar 18, 2026Close100.531Mar 23, 2026Close100.406Mar 26, 2026Close100.375Mar 31, 2026Close100.469Apr 3, 2026Close100.406Apr 8, 2026Close100.438Apr 13, 2026Close100.438Apr 16, 2026Close100.469Apr 21, 2026Close100.438Apr 24, 2026Close100.469Apr 29, 2026Close100.406May 4, 2026Close100.375May 7, 2026Close100.406May 12, 2026Close100.375May 15, 2026Close100.344May 20, 2026Close100.344May 26, 2026Close100.344May 29, 2026Close100.313Jun 3, 2026Close100.313Jun 8, 2026Close100.281Jun 11, 2026Close100.281Jun 16, 2026Close100.281Jun 22, 2026Close100.156Jun 25, 2026Close100.188Jun 30, 2026Close100.156Jul 6, 2026Close100.188Jul 9, 2026Close100.156Jul 14, 2026Close100.188Jul 17, 2026Close100.188Jul 22, 2026Close100.125Jul 27, 2026Close100.094Jul 30, 2026Close100.156Aug 4, 2026Close100.156Aug 7, 2026Close100.156Aug 12, 2026Close100.156Aug 17, 2026Close100.188Aug 20, 2026Close100.188Aug 25, 2026Close100.188Aug 28, 2026Close100.156Sep 2, 2026Close100.125Sep 8, 2026Close100.125Sep 9, 2026Close100.125
The most recent 20 trading days of prices for 91282CKE0.
DateBidOfferClose
Sep 9, 2026100.156100.125100.125
Sep 8, 2026100.172100.156100.125
Sep 4, 2026100.141100.125100.125
Sep 3, 2026100.172100.156100.156
Sep 2, 2026100.141100.125100.125
Sep 1, 2026100.156100.125100.125
Aug 31, 2026100.172100.156100.156
Aug 28, 2026100.172100.156100.156
Aug 27, 2026100.203100.188100.188
Aug 26, 2026100.203100.188100.188
Aug 25, 2026100.203100.188100.188
Aug 24, 2026100.203100.188100.188
Aug 21, 2026100.219100.219100.188
Aug 20, 2026100.203100.188100.188
Aug 19, 2026100.203100.188100.188
Aug 18, 2026100.203100.188100.188
Aug 17, 2026100.203100.188100.188
Aug 14, 2026100.203100.188100.188
Aug 13, 2026100.203100.188100.188
Aug 12, 2026100.172100.156100.156

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 91282CKE0.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Mar 11, 2024Mar 15, 2024New issue$56.0bn$56.0bn2.60x4.256%

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.