Treasury note

91282CKN0 · 4.625% due April 30, 2031

Original term
7-Year
Maturity
Apr 30, 2031
Coupon
4.625%
Pays
Semi-Annual
Dated
Apr 30, 2024
First coupon
Oct 31, 2024
Priced through
Sep 9, 2026
Analyzed through
Sep 9, 2026

Statement of August 31, 2026

Amount outstanding
$42.94bn
Held stripped
$24.0m
Share stripped
0.06%

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
4.601%
Modified duration
4.066 yr
DV01
0.0414
Convexity
19.777
Dirty price
101.765

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 4.156 years against a modified duration of 4.066.

Against the fitted curve

Priced 0.1 bp rich to the curve on that day, 0.35 cents per 100 of face.

That is -0.68 standard deviations from its own typical residual.

Yield to maturity, 591 observations

3.25%3.50%3.75%4.00%4.25%4.50%4.75%Apr 30, 2024Sep 9, 2026Apr 30, 2024Yield to maturity4.710%May 3, 2024Yield to maturity4.488%May 8, 2024Yield to maturity4.493%May 13, 2024Yield to maturity4.493%May 16, 2024Yield to maturity4.388%May 21, 2024Yield to maturity4.419%May 24, 2024Yield to maturity4.487%May 30, 2024Yield to maturity4.566%Jun 4, 2024Yield to maturity4.334%Jun 7, 2024Yield to maturity4.444%Jun 12, 2024Yield to maturity4.312%Jun 17, 2024Yield to maturity4.274%Jun 21, 2024Yield to maturity4.247%Jun 26, 2024Yield to maturity4.321%Jul 1, 2024Yield to maturity4.453%Jul 5, 2024Yield to maturity4.230%Jul 10, 2024Yield to maturity4.245%Jul 15, 2024Yield to maturity4.166%Jul 18, 2024Yield to maturity4.139%Jul 23, 2024Yield to maturity4.180%Jul 26, 2024Yield to maturity4.111%Jul 31, 2024Yield to maturity3.995%Aug 5, 2024Yield to maturity3.663%Aug 8, 2024Yield to maturity3.889%Aug 13, 2024Yield to maturity3.733%Aug 16, 2024Yield to maturity3.809%Aug 21, 2024Yield to maturity3.694%Aug 26, 2024Yield to maturity3.723%Aug 29, 2024Yield to maturity3.764%Sep 4, 2024Yield to maturity3.648%Sep 9, 2024Yield to maturity3.574%Sep 12, 2024Yield to maturity3.558%Sep 17, 2024Yield to maturity3.520%Sep 20, 2024Yield to maturity3.580%Sep 25, 2024Yield to maturity3.631%Sep 30, 2024Yield to maturity3.666%Oct 3, 2024Yield to maturity3.706%Oct 8, 2024Yield to maturity3.932%Oct 11, 2024Yield to maturity3.963%Oct 17, 2024Yield to maturity3.978%Oct 22, 2024Yield to maturity4.091%Oct 25, 2024Yield to maturity4.149%Oct 30, 2024Yield to maturity4.204%Nov 4, 2024Yield to maturity4.241%Nov 7, 2024Yield to maturity4.241%Nov 13, 2024Yield to maturity4.372%Nov 18, 2024Yield to maturity4.344%Nov 21, 2024Yield to maturity4.355%Nov 26, 2024Yield to maturity4.243%Dec 2, 2024Yield to maturity4.132%Dec 5, 2024Yield to maturity4.120%Dec 10, 2024Yield to maturity4.147%Dec 13, 2024Yield to maturity4.318%Dec 18, 2024Yield to maturity4.448%Dec 23, 2024Yield to maturity4.510%Dec 27, 2024Yield to maturity4.521%Jan 2, 2025Yield to maturity4.458%Jan 7, 2025Yield to maturity4.543%Jan 10, 2025Yield to maturity4.670%Jan 15, 2025Yield to maturity4.537%Jan 21, 2025Yield to maturity4.468%Jan 24, 2025Yield to maturity4.514%Jan 29, 2025Yield to maturity4.433%Feb 3, 2025Yield to maturity4.427%Feb 6, 2025Yield to maturity4.341%Feb 11, 2025Yield to maturity4.438%Feb 14, 2025Yield to maturity4.391%Feb 20, 2025Yield to maturity4.408%Feb 25, 2025Yield to maturity4.195%Feb 28, 2025Yield to maturity4.108%Mar 5, 2025Yield to maturity4.154%Mar 10, 2025Yield to maturity4.067%Mar 13, 2025Yield to maturity4.112%Mar 18, 2025Yield to maturity4.151%Mar 21, 2025Yield to maturity4.087%Mar 26, 2025Yield to maturity4.179%Mar 31, 2025Yield to maturity4.045%Apr 3, 2025Yield to maturity3.839%Apr 8, 2025Yield to maturity3.998%Apr 11, 2025Yield to maturity4.269%Apr 16, 2025Yield to maturity4.019%Apr 21, 2025Yield to maturity4.105%Apr 24, 2025Yield to maturity4.052%Apr 29, 2025Yield to maturity3.889%May 2, 2025Yield to maturity4.032%May 7, 2025Yield to maturity3.979%May 12, 2025Yield to maturity4.200%May 15, 2025Yield to maturity4.170%May 20, 2025Yield to maturity4.181%May 23, 2025Yield to maturity4.198%May 29, 2025Yield to maturity4.114%Jun 3, 2025Yield to maturity4.143%Jun 6, 2025Yield to maturity4.231%Jun 11, 2025Yield to maturity4.111%Jun 16, 2025Yield to maturity4.140%Jun 20, 2025Yield to maturity4.055%Jun 25, 2025Yield to maturity3.942%Jun 30, 2025Yield to maturity3.881%Jul 3, 2025Yield to maturity4.022%Jul 9, 2025Yield to maturity4.003%Jul 14, 2025Yield to maturity4.074%Jul 17, 2025Yield to maturity4.103%Jul 22, 2025Yield to maturity3.970%Jul 25, 2025Yield to maturity4.035%Jul 30, 2025Yield to maturity4.040%Aug 4, 2025Yield to maturity3.828%Aug 7, 2025Yield to maturity3.869%Aug 12, 2025Yield to maturity3.910%Aug 15, 2025Yield to maturity3.927%Aug 20, 2025Yield to maturity3.883%Aug 25, 2025Yield to maturity3.876%Aug 28, 2025Yield to maturity3.784%Sep 3, 2025Yield to maturity3.776%Sep 8, 2025Yield to maturity3.648%Sep 11, 2025Yield to maturity3.641%Sep 16, 2025Yield to maturity3.657%Sep 19, 2025Yield to maturity3.758%Sep 24, 2025Yield to maturity3.781%Sep 29, 2025Yield to maturity3.804%Oct 2, 2025Yield to maturity3.735%Oct 7, 2025Yield to maturity3.770%Oct 10, 2025Yield to maturity3.707%Oct 16, 2025Yield to maturity3.608%Oct 21, 2025Yield to maturity3.612%Oct 24, 2025Yield to maturity3.659%Oct 29, 2025Yield to maturity3.750%Nov 3, 2025Yield to maturity3.767%Nov 6, 2025Yield to maturity3.735%Nov 12, 2025Yield to maturity3.720%Nov 17, 2025Yield to maturity3.768%Nov 20, 2025Yield to maturity3.723%Nov 25, 2025Yield to maturity3.615%Dec 1, 2025Yield to maturity3.718%Dec 4, 2025Yield to maturity3.729%Dec 9, 2025Yield to maturity3.822%Dec 12, 2025Yield to maturity3.795%Dec 17, 2025Yield to maturity3.743%Dec 22, 2025Yield to maturity3.760%Dec 26, 2025Yield to maturity3.732%Dec 31, 2025Yield to maturity3.768%Jan 6, 2026Yield to maturity3.754%Jan 9, 2026Yield to maturity3.784%Jan 14, 2026Yield to maturity3.750%Jan 20, 2026Yield to maturity3.896%Jan 23, 2026Yield to maturity3.869%Jan 28, 2026Yield to maturity3.874%Feb 2, 2026Yield to maturity3.866%Feb 5, 2026Yield to maturity3.774%Feb 10, 2026Yield to maturity3.733%Feb 13, 2026Yield to maturity3.633%Feb 19, 2026Yield to maturity3.677%Feb 24, 2026Yield to maturity3.629%Feb 27, 2026Yield to maturity3.549%Mar 4, 2026Yield to maturity3.704%Mar 9, 2026Yield to maturity3.735%Mar 12, 2026Yield to maturity3.912%Mar 17, 2026Yield to maturity3.817%Mar 20, 2026Yield to maturity4.043%Mar 25, 2026Yield to maturity4.009%Mar 30, 2026Yield to maturity4.000%Apr 2, 2026Yield to maturity3.966%Apr 7, 2026Yield to maturity3.978%Apr 10, 2026Yield to maturity3.963%Apr 15, 2026Yield to maturity3.921%Apr 20, 2026Yield to maturity3.872%Apr 23, 2026Yield to maturity3.980%Apr 28, 2026Yield to maturity3.999%May 1, 2026Yield to maturity4.039%May 6, 2026Yield to maturity4.010%May 11, 2026Yield to maturity4.085%May 14, 2026Yield to maturity4.146%May 19, 2026Yield to maturity4.341%May 22, 2026Yield to maturity4.276%May 28, 2026Yield to maturity4.171%Jun 2, 2026Yield to maturity4.183%Jun 5, 2026Yield to maturity4.295%Jun 10, 2026Yield to maturity4.281%Jun 15, 2026Yield to maturity4.194%Jun 18, 2026Yield to maturity4.243%Jun 24, 2026Yield to maturity4.192%Jun 29, 2026Yield to maturity4.149%Jul 2, 2026Yield to maturity4.240%Jul 8, 2026Yield to maturity4.311%Jul 13, 2026Yield to maturity4.368%Jul 16, 2026Yield to maturity4.281%Jul 21, 2026Yield to maturity4.375%Jul 24, 2026Yield to maturity4.432%Jul 29, 2026Yield to maturity4.374%Aug 3, 2026Yield to maturity4.402%Aug 6, 2026Yield to maturity4.394%Aug 11, 2026Yield to maturity4.387%Aug 14, 2026Yield to maturity4.356%Aug 19, 2026Yield to maturity4.341%Aug 24, 2026Yield to maturity4.407%Aug 27, 2026Yield to maturity4.385%Sep 1, 2026Yield to maturity4.548%Sep 4, 2026Yield to maturity4.541%Sep 9, 2026Yield to maturity4.601%

Price history

591 trading days to Sep 9, 2026

98100102104106108Apr 30, 2024Sep 9, 2026Apr 30, 2024Close99.500May 3, 2024Close100.813May 8, 2024Close100.781May 13, 2024Close100.781May 16, 2024Close101.406May 21, 2024Close101.219May 24, 2024Close100.813May 30, 2024Close100.344Jun 4, 2024Close101.719Jun 7, 2024Close101.063Jun 12, 2024Close101.844Jun 17, 2024Close102.063Jun 21, 2024Close102.219Jun 26, 2024Close101.781Jul 1, 2024Close101.000Jul 5, 2024Close102.313Jul 10, 2024Close102.219Jul 15, 2024Close102.688Jul 18, 2024Close102.844Jul 23, 2024Close102.594Jul 26, 2024Close103.000Jul 31, 2024Close103.688Aug 5, 2024Close105.688Aug 8, 2024Close104.313Aug 13, 2024Close105.250Aug 16, 2024Close104.781Aug 21, 2024Close105.469Aug 26, 2024Close105.281Aug 29, 2024Close105.031Sep 4, 2024Close105.719Sep 9, 2024Close106.156Sep 12, 2024Close106.250Sep 17, 2024Close106.469Sep 20, 2024Close106.094Sep 25, 2024Close105.781Sep 30, 2024Close105.563Oct 3, 2024Close105.313Oct 8, 2024Close103.969Oct 11, 2024Close103.781Oct 17, 2024Close103.688Oct 22, 2024Close103.031Oct 25, 2024Close102.688Oct 30, 2024Close102.375Nov 4, 2024Close102.156Nov 7, 2024Close102.156Nov 13, 2024Close101.406Nov 18, 2024Close101.563Nov 21, 2024Close101.500Nov 26, 2024Close102.125Dec 2, 2024Close102.750Dec 5, 2024Close102.813Dec 10, 2024Close102.656Dec 13, 2024Close101.688Dec 18, 2024Close100.969Dec 23, 2024Close100.625Dec 27, 2024Close100.563Jan 2, 2025Close100.906Jan 7, 2025Close100.438Jan 10, 2025Close99.750Jan 15, 2025Close100.469Jan 21, 2025Close100.844Jan 24, 2025Close100.594Jan 29, 2025Close101.031Feb 3, 2025Close101.063Feb 6, 2025Close101.531Feb 11, 2025Close101.000Feb 14, 2025Close101.250Feb 20, 2025Close101.156Feb 25, 2025Close102.313Feb 28, 2025Close102.781Mar 5, 2025Close102.531Mar 10, 2025Close103.000Mar 13, 2025Close102.750Mar 18, 2025Close102.531Mar 21, 2025Close102.875Mar 26, 2025Close102.375Mar 31, 2025Close103.094Apr 3, 2025Close104.219Apr 8, 2025Close103.344Apr 11, 2025Close101.875Apr 16, 2025Close103.219Apr 21, 2025Close102.750Apr 24, 2025Close103.031Apr 29, 2025Close103.906May 2, 2025Close103.125May 7, 2025Close103.406May 12, 2025Close102.219May 15, 2025Close102.375May 20, 2025Close102.313May 23, 2025Close102.219May 29, 2025Close102.656Jun 3, 2025Close102.500Jun 6, 2025Close102.031Jun 11, 2025Close102.656Jun 16, 2025Close102.500Jun 20, 2025Close102.938Jun 25, 2025Close103.531Jun 30, 2025Close103.844Jul 3, 2025Close103.094Jul 9, 2025Close103.188Jul 14, 2025Close102.813Jul 17, 2025Close102.656Jul 22, 2025Close103.344Jul 25, 2025Close103.000Jul 30, 2025Close102.969Aug 4, 2025Close104.063Aug 7, 2025Close103.844Aug 12, 2025Close103.625Aug 15, 2025Close103.531Aug 20, 2025Close103.750Aug 25, 2025Close103.781Aug 28, 2025Close104.250Sep 3, 2025Close104.281Sep 8, 2025Close104.938Sep 11, 2025Close104.969Sep 16, 2025Close104.875Sep 19, 2025Close104.344Sep 24, 2025Close104.219Sep 29, 2025Close104.094Oct 2, 2025Close104.438Oct 7, 2025Close104.250Oct 10, 2025Close104.563Oct 16, 2025Close105.063Oct 21, 2025Close105.031Oct 24, 2025Close104.781Oct 29, 2025Close104.313Nov 3, 2025Close104.219Nov 6, 2025Close104.375Nov 12, 2025Close104.438Nov 17, 2025Close104.188Nov 20, 2025Close104.406Nov 25, 2025Close104.938Dec 1, 2025Close104.406Dec 4, 2025Close104.344Dec 9, 2025Close103.875Dec 12, 2025Close104.000Dec 17, 2025Close104.250Dec 22, 2025Close104.156Dec 26, 2025Close104.281Dec 31, 2025Close104.094Jan 6, 2026Close104.156Jan 9, 2026Close104.000Jan 14, 2026Close104.156Jan 20, 2026Close103.438Jan 23, 2026Close103.563Jan 28, 2026Close103.531Feb 2, 2026Close103.563Feb 5, 2026Close104.000Feb 10, 2026Close104.188Feb 13, 2026Close104.656Feb 19, 2026Close104.438Feb 24, 2026Close104.656Feb 27, 2026Close105.031Mar 4, 2026Close104.281Mar 9, 2026Close104.125Mar 12, 2026Close103.281Mar 17, 2026Close103.719Mar 20, 2026Close102.656Mar 25, 2026Close102.813Mar 30, 2026Close102.844Apr 2, 2026Close103.000Apr 7, 2026Close102.938Apr 10, 2026Close103.000Apr 15, 2026Close103.188Apr 20, 2026Close103.406Apr 23, 2026Close102.906Apr 28, 2026Close102.813May 1, 2026Close102.625May 6, 2026Close102.750May 11, 2026Close102.406May 14, 2026Close102.125May 19, 2026Close101.250May 22, 2026Close101.531May 28, 2026Close102.000Jun 2, 2026Close101.938Jun 5, 2026Close101.438Jun 10, 2026Close101.500Jun 15, 2026Close101.875Jun 18, 2026Close101.656Jun 24, 2026Close101.875Jun 29, 2026Close102.063Jul 2, 2026Close101.656Jul 8, 2026Close101.344Jul 13, 2026Close101.094Jul 16, 2026Close101.469Jul 21, 2026Close101.063Jul 24, 2026Close100.813Jul 29, 2026Close101.063Aug 3, 2026Close100.938Aug 6, 2026Close100.969Aug 11, 2026Close101.000Aug 14, 2026Close101.125Aug 19, 2026Close101.188Aug 24, 2026Close100.906Aug 27, 2026Close101.000Sep 1, 2026Close100.313Sep 4, 2026Close100.344Sep 9, 2026Close100.094
The most recent 20 trading days of prices for 91282CKN0.
DateBidOfferClose
Sep 9, 2026100.094100.063100.094
Sep 8, 2026100.297100.281100.250
Sep 4, 2026100.391100.375100.344
Sep 3, 2026100.578100.563100.469
Sep 2, 2026100.328100.313100.344
Sep 1, 2026100.453100.438100.313
Aug 31, 2026100.547100.531100.531
Aug 28, 2026100.719100.688100.594
Aug 27, 2026101.078101.063101.000
Aug 26, 2026101.078101.063101.031
Aug 25, 2026101.172101.156101.188
Aug 24, 2026101.000100.969100.906
Aug 21, 2026100.859100.844100.844
Aug 20, 2026101.047101.031101.031
Aug 19, 2026101.141101.125101.188
Aug 18, 2026101.109101.094101.094
Aug 17, 2026101.141101.125101.063
Aug 14, 2026101.234101.219101.125
Aug 13, 2026101.328101.313101.313
Aug 12, 2026101.156101.125101.063

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 91282CKN0.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Apr 25, 2024Apr 30, 2024New issue$44.0bn$44.2bn2.48x4.716%

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.