Treasury note

91282CKG5 · 4.125% due March 31, 2029

Original term
5-Year
Maturity
Mar 31, 2029
Coupon
4.125%
Pays
Semi-Annual
Dated
Mar 31, 2024
First coupon
Sep 30, 2024
Priced through
Sep 9, 2026
Analyzed through
Sep 9, 2026

Statement of August 31, 2026

Amount outstanding
$67.00bn
Held stripped
$0.0m
Share stripped
0.00%

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
4.490%
Modified duration
2.353 yr
DV01
0.0238
Convexity
6.931
Dirty price
100.962

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 5 of twelve buckets, summing to 2.405 years against a modified duration of 2.353.

Against the fitted curve

Priced 0.8 bp rich to the curve on that day, 1.91 cents per 100 of face.

That is -0.38 standard deviations from its own typical residual.

Yield to maturity, 612 observations

3.25%3.50%3.75%4.00%4.25%4.50%4.75%Apr 1, 2024Sep 9, 2026Apr 1, 2024Yield to maturity4.336%Apr 4, 2024Yield to maturity4.301%Apr 9, 2024Yield to maturity4.372%Apr 12, 2024Yield to maturity4.537%Apr 17, 2024Yield to maturity4.624%Apr 22, 2024Yield to maturity4.661%Apr 25, 2024Yield to maturity4.720%Apr 30, 2024Yield to maturity4.736%May 3, 2024Yield to maturity4.490%May 8, 2024Yield to maturity4.512%May 13, 2024Yield to maturity4.513%May 16, 2024Yield to maturity4.412%May 21, 2024Yield to maturity4.442%May 24, 2024Yield to maturity4.538%May 30, 2024Yield to maturity4.590%Jun 4, 2024Yield to maturity4.371%Jun 7, 2024Yield to maturity4.474%Jun 12, 2024Yield to maturity4.342%Jun 17, 2024Yield to maturity4.321%Jun 21, 2024Yield to maturity4.285%Jun 26, 2024Yield to maturity4.359%Jul 1, 2024Yield to maturity4.456%Jul 5, 2024Yield to maturity4.234%Jul 10, 2024Yield to maturity4.257%Jul 15, 2024Yield to maturity4.139%Jul 18, 2024Yield to maturity4.131%Jul 23, 2024Yield to maturity4.161%Jul 26, 2024Yield to maturity4.087%Jul 31, 2024Yield to maturity3.976%Aug 5, 2024Yield to maturity3.631%Aug 8, 2024Yield to maturity3.850%Aug 13, 2024Yield to maturity3.695%Aug 16, 2024Yield to maturity3.782%Aug 21, 2024Yield to maturity3.663%Aug 26, 2024Yield to maturity3.677%Aug 29, 2024Yield to maturity3.706%Sep 4, 2024Yield to maturity3.586%Sep 9, 2024Yield to maturity3.511%Sep 12, 2024Yield to maturity3.488%Sep 17, 2024Yield to maturity3.457%Sep 20, 2024Yield to maturity3.492%Sep 25, 2024Yield to maturity3.528%Sep 30, 2024Yield to maturity3.594%Oct 3, 2024Yield to maturity3.638%Oct 8, 2024Yield to maturity3.879%Oct 11, 2024Yield to maturity3.894%Oct 17, 2024Yield to maturity3.916%Oct 22, 2024Yield to maturity4.016%Oct 25, 2024Yield to maturity4.085%Oct 30, 2024Yield to maturity4.156%Nov 4, 2024Yield to maturity4.179%Nov 7, 2024Yield to maturity4.195%Nov 13, 2024Yield to maturity4.314%Nov 18, 2024Yield to maturity4.290%Nov 21, 2024Yield to maturity4.323%Nov 26, 2024Yield to maturity4.219%Dec 2, 2024Yield to maturity4.116%Dec 5, 2024Yield to maturity4.108%Dec 10, 2024Yield to maturity4.116%Dec 13, 2024Yield to maturity4.277%Dec 18, 2024Yield to maturity4.407%Dec 23, 2024Yield to maturity4.440%Dec 27, 2024Yield to maturity4.450%Jan 2, 2025Yield to maturity4.368%Jan 7, 2025Yield to maturity4.451%Jan 10, 2025Yield to maturity4.577%Jan 15, 2025Yield to maturity4.436%Jan 21, 2025Yield to maturity4.396%Jan 24, 2025Yield to maturity4.413%Jan 29, 2025Yield to maturity4.339%Feb 3, 2025Yield to maturity4.348%Feb 6, 2025Yield to maturity4.282%Feb 11, 2025Yield to maturity4.366%Feb 14, 2025Yield to maturity4.333%Feb 20, 2025Yield to maturity4.334%Feb 25, 2025Yield to maturity4.124%Feb 28, 2025Yield to maturity4.032%Mar 5, 2025Yield to maturity4.065%Mar 10, 2025Yield to maturity3.973%Mar 13, 2025Yield to maturity4.006%Mar 18, 2025Yield to maturity4.065%Mar 21, 2025Yield to maturity3.980%Mar 26, 2025Yield to maturity4.065%Mar 31, 2025Yield to maturity3.929%Apr 3, 2025Yield to maturity3.725%Apr 8, 2025Yield to maturity3.834%Apr 11, 2025Yield to maturity4.107%Apr 16, 2025Yield to maturity3.849%Apr 21, 2025Yield to maturity3.883%Apr 24, 2025Yield to maturity3.874%Apr 29, 2025Yield to maturity3.718%May 2, 2025Yield to maturity3.872%May 7, 2025Yield to maturity3.819%May 12, 2025Yield to maturity4.054%May 15, 2025Yield to maturity4.027%May 20, 2025Yield to maturity4.009%May 23, 2025Yield to maturity4.026%May 29, 2025Yield to maturity3.964%Jun 3, 2025Yield to maturity3.981%Jun 6, 2025Yield to maturity4.079%Jun 11, 2025Yield to maturity3.963%Jun 16, 2025Yield to maturity3.989%Jun 20, 2025Yield to maturity3.908%Jun 25, 2025Yield to maturity3.782%Jun 30, 2025Yield to maturity3.727%Jul 3, 2025Yield to maturity3.888%Jul 9, 2025Yield to maturity3.860%Jul 14, 2025Yield to maturity3.914%Jul 17, 2025Yield to maturity3.940%Jul 22, 2025Yield to maturity3.812%Jul 25, 2025Yield to maturity3.893%Jul 30, 2025Yield to maturity3.911%Aug 4, 2025Yield to maturity3.681%Aug 7, 2025Yield to maturity3.735%Aug 12, 2025Yield to maturity3.762%Aug 15, 2025Yield to maturity3.770%Aug 20, 2025Yield to maturity3.732%Aug 25, 2025Yield to maturity3.721%Aug 28, 2025Yield to maturity3.628%Sep 3, 2025Yield to maturity3.616%Sep 8, 2025Yield to maturity3.493%Sep 11, 2025Yield to maturity3.520%Sep 16, 2025Yield to maturity3.518%Sep 19, 2025Yield to maturity3.601%Sep 24, 2025Yield to maturity3.638%Sep 29, 2025Yield to maturity3.664%Oct 2, 2025Yield to maturity3.597%Oct 7, 2025Yield to maturity3.623%Oct 10, 2025Yield to maturity3.563%Oct 16, 2025Yield to maturity3.457%Oct 21, 2025Yield to maturity3.483%Oct 24, 2025Yield to maturity3.519%Oct 29, 2025Yield to maturity3.624%Nov 3, 2025Yield to maturity3.642%Nov 6, 2025Yield to maturity3.601%Nov 12, 2025Yield to maturity3.589%Nov 17, 2025Yield to maturity3.636%Nov 20, 2025Yield to maturity3.586%Nov 25, 2025Yield to maturity3.485%Dec 1, 2025Yield to maturity3.571%Dec 4, 2025Yield to maturity3.580%Dec 9, 2025Yield to maturity3.668%Dec 12, 2025Yield to maturity3.616%Dec 17, 2025Yield to maturity3.564%Dec 22, 2025Yield to maturity3.582%Dec 26, 2025Yield to maturity3.559%Dec 31, 2025Yield to maturity3.568%Jan 6, 2026Yield to maturity3.555%Jan 9, 2026Yield to maturity3.615%Jan 14, 2026Yield to maturity3.582%Jan 20, 2026Yield to maturity3.694%Jan 23, 2026Yield to maturity3.682%Jan 28, 2026Yield to maturity3.681%Feb 2, 2026Yield to maturity3.669%Feb 5, 2026Yield to maturity3.562%Feb 10, 2026Yield to maturity3.539%Feb 13, 2026Yield to maturity3.463%Feb 19, 2026Yield to maturity3.514%Feb 24, 2026Yield to maturity3.479%Feb 27, 2026Yield to maturity3.402%Mar 4, 2026Yield to maturity3.561%Mar 9, 2026Yield to maturity3.591%Mar 12, 2026Yield to maturity3.785%Mar 17, 2026Yield to maturity3.686%Mar 20, 2026Yield to maturity3.914%Mar 25, 2026Yield to maturity3.892%Mar 30, 2026Yield to maturity3.858%Apr 2, 2026Yield to maturity3.835%Apr 7, 2026Yield to maturity3.856%Apr 10, 2026Yield to maturity3.832%Apr 15, 2026Yield to maturity3.786%Apr 20, 2026Yield to maturity3.740%Apr 23, 2026Yield to maturity3.851%Apr 28, 2026Yield to maturity3.873%May 1, 2026Yield to maturity3.917%May 6, 2026Yield to maturity3.894%May 11, 2026Yield to maturity3.985%May 14, 2026Yield to maturity4.042%May 19, 2026Yield to maturity4.205%May 22, 2026Yield to maturity4.182%May 28, 2026Yield to maturity4.076%Jun 2, 2026Yield to maturity4.100%Jun 5, 2026Yield to maturity4.218%Jun 10, 2026Yield to maturity4.183%Jun 15, 2026Yield to maturity4.111%Jun 18, 2026Yield to maturity4.207%Jun 24, 2026Yield to maturity4.159%Jun 29, 2026Yield to maturity4.111%Jul 2, 2026Yield to maturity4.172%Jul 8, 2026Yield to maturity4.233%Jul 13, 2026Yield to maturity4.295%Jul 16, 2026Yield to maturity4.197%Jul 21, 2026Yield to maturity4.297%Jul 24, 2026Yield to maturity4.373%Jul 29, 2026Yield to maturity4.286%Aug 3, 2026Yield to maturity4.312%Aug 6, 2026Yield to maturity4.300%Aug 11, 2026Yield to maturity4.275%Aug 14, 2026Yield to maturity4.225%Aug 19, 2026Yield to maturity4.226%Aug 24, 2026Yield to maturity4.290%Aug 27, 2026Yield to maturity4.278%Sep 1, 2026Yield to maturity4.435%Sep 4, 2026Yield to maturity4.424%Sep 9, 2026Yield to maturity4.490%

Price history

612 trading days to Sep 9, 2026

979899100101102103Apr 1, 2024Sep 9, 2026Apr 1, 2024Close99.063Apr 4, 2024Close99.219Apr 9, 2024Close98.906Apr 12, 2024Close98.188Apr 17, 2024Close97.813Apr 22, 2024Close97.656Apr 25, 2024Close97.406Apr 30, 2024Close97.344May 3, 2024Close98.406May 8, 2024Close98.313May 13, 2024Close98.313May 16, 2024Close98.750May 21, 2024Close98.625May 24, 2024Close98.219May 30, 2024Close98.000Jun 4, 2024Close98.938Jun 7, 2024Close98.500Jun 12, 2024Close99.063Jun 17, 2024Close99.156Jun 21, 2024Close99.313Jun 26, 2024Close99.000Jul 1, 2024Close98.594Jul 5, 2024Close99.531Jul 10, 2024Close99.438Jul 15, 2024Close99.938Jul 18, 2024Close99.969Jul 23, 2024Close99.844Jul 26, 2024Close100.156Jul 31, 2024Close100.625Aug 5, 2024Close102.094Aug 8, 2024Close101.156Aug 13, 2024Close101.813Aug 16, 2024Close101.438Aug 21, 2024Close101.938Aug 26, 2024Close101.875Aug 29, 2024Close101.750Sep 4, 2024Close102.250Sep 9, 2024Close102.563Sep 12, 2024Close102.656Sep 17, 2024Close102.781Sep 20, 2024Close102.625Sep 25, 2024Close102.469Sep 30, 2024Close102.188Oct 3, 2024Close102.000Oct 8, 2024Close101.000Oct 11, 2024Close100.938Oct 17, 2024Close100.844Oct 22, 2024Close100.438Oct 25, 2024Close100.156Oct 30, 2024Close99.875Nov 4, 2024Close99.781Nov 7, 2024Close99.719Nov 13, 2024Close99.250Nov 18, 2024Close99.344Nov 21, 2024Close99.219Nov 26, 2024Close99.625Dec 2, 2024Close100.031Dec 5, 2024Close100.063Dec 10, 2024Close100.031Dec 13, 2024Close99.406Dec 18, 2024Close98.906Dec 23, 2024Close98.781Dec 27, 2024Close98.750Jan 2, 2025Close99.063Jan 7, 2025Close98.750Jan 10, 2025Close98.281Jan 15, 2025Close98.813Jan 21, 2025Close98.969Jan 24, 2025Close98.906Jan 29, 2025Close99.188Feb 3, 2025Close99.156Feb 6, 2025Close99.406Feb 11, 2025Close99.094Feb 14, 2025Close99.219Feb 20, 2025Close99.219Feb 25, 2025Close100.000Feb 28, 2025Close100.344Mar 5, 2025Close100.219Mar 10, 2025Close100.563Mar 13, 2025Close100.438Mar 18, 2025Close100.219Mar 21, 2025Close100.531Mar 26, 2025Close100.219Mar 31, 2025Close100.719Apr 3, 2025Close101.469Apr 8, 2025Close101.063Apr 11, 2025Close100.063Apr 16, 2025Close101.000Apr 21, 2025Close100.875Apr 24, 2025Close100.906Apr 29, 2025Close101.469May 2, 2025Close100.906May 7, 2025Close101.094May 12, 2025Close100.250May 15, 2025Close100.344May 20, 2025Close100.406May 23, 2025Close100.344May 29, 2025Close100.563Jun 3, 2025Close100.500Jun 6, 2025Close100.156Jun 11, 2025Close100.563Jun 16, 2025Close100.469Jun 20, 2025Close100.750Jun 25, 2025Close101.188Jun 30, 2025Close101.375Jul 3, 2025Close100.813Jul 9, 2025Close100.906Jul 14, 2025Close100.719Jul 17, 2025Close100.625Jul 22, 2025Close101.063Jul 25, 2025Close100.781Jul 30, 2025Close100.719Aug 4, 2025Close101.500Aug 7, 2025Close101.313Aug 12, 2025Close101.219Aug 15, 2025Close101.188Aug 20, 2025Close101.313Aug 25, 2025Close101.344Aug 28, 2025Close101.656Sep 3, 2025Close101.688Sep 8, 2025Close102.094Sep 11, 2025Close102.000Sep 16, 2025Close102.000Sep 19, 2025Close101.719Sep 24, 2025Close101.594Sep 29, 2025Close101.500Oct 2, 2025Close101.719Oct 7, 2025Close101.625Oct 10, 2025Close101.813Oct 16, 2025Close102.156Oct 21, 2025Close102.063Oct 24, 2025Close101.938Oct 29, 2025Close101.594Nov 3, 2025Close101.531Nov 6, 2025Close101.656Nov 12, 2025Close101.688Nov 17, 2025Close101.531Nov 20, 2025Close101.688Nov 25, 2025Close102.000Dec 1, 2025Close101.719Dec 4, 2025Close101.688Dec 9, 2025Close101.406Dec 12, 2025Close101.563Dec 17, 2025Close101.719Dec 22, 2025Close101.656Dec 26, 2025Close101.719Dec 31, 2025Close101.688Jan 6, 2026Close101.719Jan 9, 2026Close101.531Jan 14, 2026Close101.625Jan 20, 2026Close101.281Jan 23, 2026Close101.313Jan 28, 2026Close101.313Feb 2, 2026Close101.344Feb 5, 2026Close101.656Feb 10, 2026Close101.719Feb 13, 2026Close101.938Feb 19, 2026Close101.781Feb 24, 2026Close101.875Feb 27, 2026Close102.094Mar 4, 2026Close101.625Mar 9, 2026Close101.531Mar 12, 2026Close100.969Mar 17, 2026Close101.250Mar 20, 2026Close100.594Mar 25, 2026Close100.656Mar 30, 2026Close100.750Apr 2, 2026Close100.813Apr 7, 2026Close100.750Apr 10, 2026Close100.813Apr 15, 2026Close100.938Apr 20, 2026Close101.063Apr 23, 2026Close100.750Apr 28, 2026Close100.688May 1, 2026Close100.563May 6, 2026Close100.625May 11, 2026Close100.375May 14, 2026Close100.219May 19, 2026Close99.781May 22, 2026Close99.844May 28, 2026Close100.125Jun 2, 2026Close100.063Jun 5, 2026Close99.750Jun 10, 2026Close99.844Jun 15, 2026Close100.031Jun 18, 2026Close99.781Jun 24, 2026Close99.906Jun 29, 2026Close100.031Jul 2, 2026Close99.875Jul 8, 2026Close99.719Jul 13, 2026Close99.563Jul 16, 2026Close99.813Jul 21, 2026Close99.563Jul 24, 2026Close99.375Jul 29, 2026Close99.594Aug 3, 2026Close99.531Aug 6, 2026Close99.563Aug 11, 2026Close99.625Aug 14, 2026Close99.750Aug 19, 2026Close99.750Aug 24, 2026Close99.594Aug 27, 2026Close99.625Sep 1, 2026Close99.250Sep 4, 2026Close99.281Sep 9, 2026Close99.125
The most recent 20 trading days of prices for 91282CKG5.
DateBidOfferClose
Sep 9, 202699.14199.12599.125
Sep 8, 202699.26699.25099.219
Sep 4, 202699.29799.28199.281
Sep 3, 202699.40699.40699.344
Sep 2, 202699.26699.25099.250
Sep 1, 202699.32899.31399.250
Aug 31, 202699.39199.37599.375
Aug 28, 202699.42299.40699.344
Aug 27, 202699.67299.65699.625
Aug 26, 202699.67299.65699.656
Aug 25, 202699.73499.71999.719
Aug 24, 202699.64199.62599.594
Aug 21, 202699.60999.59499.594
Aug 20, 202699.70399.68899.719
Aug 19, 202699.70399.68899.750
Aug 18, 202699.73499.71999.719
Aug 17, 202699.76699.75099.719
Aug 14, 202699.79799.78199.750
Aug 13, 202699.82899.81399.813
Aug 12, 202699.70399.68899.688

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 91282CKG5.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Mar 26, 2024Apr 1, 2024New issue$67.0bn$67.0bn2.41x4.235%

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.