Treasury note

91282CKP5 · 4.625% due April 30, 2029

Original term
5-Year
Maturity
Apr 30, 2029
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
$70.23bn
Held stripped
$123.2m
Share stripped
0.18%

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
4.496%
Modified duration
2.420 yr
DV01
0.0247
Convexity
7.305
Dirty price
101.984

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 2.471 years against a modified duration of 2.420.

Against the fitted curve

Priced 0.6 bp rich to the curve on that day, 1.44 cents per 100 of face.

That is -0.40 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 maturity4.724%May 3, 2024Yield to maturity4.476%May 8, 2024Yield to maturity4.504%May 13, 2024Yield to maturity4.504%May 16, 2024Yield to maturity4.405%May 21, 2024Yield to maturity4.432%May 24, 2024Yield to maturity4.531%May 30, 2024Yield to maturity4.588%Jun 4, 2024Yield to maturity4.367%Jun 7, 2024Yield to maturity4.473%Jun 12, 2024Yield to maturity4.337%Jun 17, 2024Yield to maturity4.322%Jun 21, 2024Yield to maturity4.285%Jun 26, 2024Yield to maturity4.349%Jul 1, 2024Yield to maturity4.449%Jul 5, 2024Yield to maturity4.232%Jul 10, 2024Yield to maturity4.246%Jul 15, 2024Yield to maturity4.137%Jul 18, 2024Yield to maturity4.122%Jul 23, 2024Yield to maturity4.157%Jul 26, 2024Yield to maturity4.084%Jul 31, 2024Yield to maturity3.975%Aug 5, 2024Yield to maturity3.631%Aug 8, 2024Yield to maturity3.843%Aug 13, 2024Yield to maturity3.691%Aug 16, 2024Yield to maturity3.782%Aug 21, 2024Yield to maturity3.659%Aug 26, 2024Yield to maturity3.678%Aug 29, 2024Yield to maturity3.705%Sep 4, 2024Yield to maturity3.580%Sep 9, 2024Yield to maturity3.506%Sep 12, 2024Yield to maturity3.482%Sep 17, 2024Yield to maturity3.451%Sep 20, 2024Yield to maturity3.491%Sep 25, 2024Yield to maturity3.525%Sep 30, 2024Yield to maturity3.588%Oct 3, 2024Yield to maturity3.630%Oct 8, 2024Yield to maturity3.878%Oct 11, 2024Yield to maturity3.890%Oct 17, 2024Yield to maturity3.912%Oct 22, 2024Yield to maturity4.015%Oct 25, 2024Yield to maturity4.081%Oct 30, 2024Yield to maturity4.149%Nov 4, 2024Yield to maturity4.170%Nov 7, 2024Yield to maturity4.184%Nov 13, 2024Yield to maturity4.306%Nov 18, 2024Yield to maturity4.289%Nov 21, 2024Yield to maturity4.320%Nov 26, 2024Yield to maturity4.218%Dec 2, 2024Yield to maturity4.108%Dec 5, 2024Yield to maturity4.099%Dec 10, 2024Yield to maturity4.113%Dec 13, 2024Yield to maturity4.268%Dec 18, 2024Yield to maturity4.409%Dec 23, 2024Yield to maturity4.440%Dec 27, 2024Yield to maturity4.447%Jan 2, 2025Yield to maturity4.367%Jan 7, 2025Yield to maturity4.446%Jan 10, 2025Yield to maturity4.583%Jan 15, 2025Yield to maturity4.437%Jan 21, 2025Yield to maturity4.396%Jan 24, 2025Yield to maturity4.412%Jan 29, 2025Yield to maturity4.339%Feb 3, 2025Yield to maturity4.354%Feb 6, 2025Yield to maturity4.273%Feb 11, 2025Yield to maturity4.369%Feb 14, 2025Yield to maturity4.327%Feb 20, 2025Yield to maturity4.335%Feb 25, 2025Yield to maturity4.122%Feb 28, 2025Yield to maturity4.031%Mar 5, 2025Yield to maturity4.062%Mar 10, 2025Yield to maturity3.971%Mar 13, 2025Yield to maturity4.011%Mar 18, 2025Yield to maturity4.058%Mar 21, 2025Yield to maturity3.982%Mar 26, 2025Yield to maturity4.072%Mar 31, 2025Yield to maturity3.930%Apr 3, 2025Yield to maturity3.723%Apr 8, 2025Yield to maturity3.836%Apr 11, 2025Yield to maturity4.108%Apr 16, 2025Yield to maturity3.857%Apr 21, 2025Yield to maturity3.888%Apr 24, 2025Yield to maturity3.878%Apr 29, 2025Yield to maturity3.718%May 2, 2025Yield to maturity3.874%May 7, 2025Yield to maturity3.822%May 12, 2025Yield to maturity4.056%May 15, 2025Yield to maturity4.029%May 20, 2025Yield to maturity4.019%May 23, 2025Yield to maturity4.042%May 29, 2025Yield to maturity3.964%Jun 3, 2025Yield to maturity3.987%Jun 6, 2025Yield to maturity4.089%Jun 11, 2025Yield to maturity3.967%Jun 16, 2025Yield to maturity3.990%Jun 20, 2025Yield to maturity3.918%Jun 25, 2025Yield to maturity3.795%Jun 30, 2025Yield to maturity3.741%Jul 3, 2025Yield to maturity3.894%Jul 9, 2025Yield to maturity3.866%Jul 14, 2025Yield to maturity3.917%Jul 17, 2025Yield to maturity3.942%Jul 22, 2025Yield to maturity3.825%Jul 25, 2025Yield to maturity3.893%Jul 30, 2025Yield to maturity3.918%Aug 4, 2025Yield to maturity3.693%Aug 7, 2025Yield to maturity3.736%Aug 12, 2025Yield to maturity3.760%Aug 15, 2025Yield to maturity3.775%Aug 20, 2025Yield to maturity3.737%Aug 25, 2025Yield to maturity3.725%Aug 28, 2025Yield to maturity3.633%Sep 3, 2025Yield to maturity3.620%Sep 8, 2025Yield to maturity3.509%Sep 11, 2025Yield to maturity3.533%Sep 16, 2025Yield to maturity3.521%Sep 19, 2025Yield to maturity3.608%Sep 24, 2025Yield to maturity3.643%Sep 29, 2025Yield to maturity3.676%Oct 2, 2025Yield to maturity3.591%Oct 7, 2025Yield to maturity3.625%Oct 10, 2025Yield to maturity3.565%Oct 16, 2025Yield to maturity3.461%Oct 21, 2025Yield to maturity3.485%Oct 24, 2025Yield to maturity3.528%Oct 29, 2025Yield to maturity3.629%Nov 3, 2025Yield to maturity3.644%Nov 6, 2025Yield to maturity3.613%Nov 12, 2025Yield to maturity3.599%Nov 17, 2025Yield to maturity3.652%Nov 20, 2025Yield to maturity3.593%Nov 25, 2025Yield to maturity3.493%Dec 1, 2025Yield to maturity3.584%Dec 4, 2025Yield to maturity3.581%Dec 9, 2025Yield to maturity3.674%Dec 12, 2025Yield to maturity3.622%Dec 17, 2025Yield to maturity3.571%Dec 22, 2025Yield to maturity3.586%Dec 26, 2025Yield to maturity3.572%Dec 31, 2025Yield to maturity3.578%Jan 6, 2026Yield to maturity3.564%Jan 9, 2026Yield to maturity3.630%Jan 14, 2026Yield to maturity3.598%Jan 20, 2026Yield to maturity3.703%Jan 23, 2026Yield to maturity3.689%Jan 28, 2026Yield to maturity3.687%Feb 2, 2026Yield to maturity3.673%Feb 5, 2026Yield to maturity3.580%Feb 10, 2026Yield to maturity3.545%Feb 13, 2026Yield to maturity3.468%Feb 19, 2026Yield to maturity3.517%Feb 24, 2026Yield to maturity3.482%Feb 27, 2026Yield to maturity3.405%Mar 4, 2026Yield to maturity3.567%Mar 9, 2026Yield to maturity3.594%Mar 12, 2026Yield to maturity3.791%Mar 17, 2026Yield to maturity3.693%Mar 20, 2026Yield to maturity3.933%Mar 25, 2026Yield to maturity3.899%Mar 30, 2026Yield to maturity3.864%Apr 2, 2026Yield to maturity3.841%Apr 7, 2026Yield to maturity3.860%Apr 10, 2026Yield to maturity3.835%Apr 15, 2026Yield to maturity3.790%Apr 20, 2026Yield to maturity3.743%Apr 23, 2026Yield to maturity3.861%Apr 28, 2026Yield to maturity3.880%May 1, 2026Yield to maturity3.920%May 6, 2026Yield to maturity3.896%May 11, 2026Yield to maturity3.982%May 14, 2026Yield to maturity4.047%May 19, 2026Yield to maturity4.203%May 22, 2026Yield to maturity4.189%May 28, 2026Yield to maturity4.085%Jun 2, 2026Yield to maturity4.106%Jun 5, 2026Yield to maturity4.230%Jun 10, 2026Yield to maturity4.194%Jun 15, 2026Yield to maturity4.111%Jun 18, 2026Yield to maturity4.201%Jun 24, 2026Yield to maturity4.153%Jun 29, 2026Yield to maturity4.116%Jul 2, 2026Yield to maturity4.172%Jul 8, 2026Yield to maturity4.242%Jul 13, 2026Yield to maturity4.299%Jul 16, 2026Yield to maturity4.203%Jul 21, 2026Yield to maturity4.297%Jul 24, 2026Yield to maturity4.368%Jul 29, 2026Yield to maturity4.282%Aug 3, 2026Yield to maturity4.317%Aug 6, 2026Yield to maturity4.304%Aug 11, 2026Yield to maturity4.290%Aug 14, 2026Yield to maturity4.227%Aug 19, 2026Yield to maturity4.239%Aug 24, 2026Yield to maturity4.299%Aug 27, 2026Yield to maturity4.285%Sep 1, 2026Yield to maturity4.447%Sep 4, 2026Yield to maturity4.433%Sep 9, 2026Yield to maturity4.496%

Price history

591 trading days to Sep 9, 2026

99100101102103104105106Apr 30, 2024Sep 9, 2026Apr 30, 2024Close99.563May 3, 2024Close100.656May 8, 2024Close100.531May 13, 2024Close100.531May 16, 2024Close100.969May 21, 2024Close100.844May 24, 2024Close100.406May 30, 2024Close100.156Jun 4, 2024Close101.125Jun 7, 2024Close100.656Jun 12, 2024Close101.250Jun 17, 2024Close101.313Jun 21, 2024Close101.469Jun 26, 2024Close101.188Jul 1, 2024Close100.750Jul 5, 2024Close101.688Jul 10, 2024Close101.625Jul 15, 2024Close102.094Jul 18, 2024Close102.156Jul 23, 2024Close102.000Jul 26, 2024Close102.313Jul 31, 2024Close102.781Aug 5, 2024Close104.281Aug 8, 2024Close103.344Aug 13, 2024Close104.000Aug 16, 2024Close103.594Aug 21, 2024Close104.125Aug 26, 2024Close104.031Aug 29, 2024Close103.906Sep 4, 2024Close104.438Sep 9, 2024Close104.750Sep 12, 2024Close104.844Sep 17, 2024Close104.969Sep 20, 2024Close104.781Sep 25, 2024Close104.625Sep 30, 2024Close104.344Oct 3, 2024Close104.156Oct 8, 2024Close103.094Oct 11, 2024Close103.031Oct 17, 2024Close102.938Oct 22, 2024Close102.500Oct 25, 2024Close102.219Oct 30, 2024Close101.938Nov 4, 2024Close101.844Nov 7, 2024Close101.781Nov 13, 2024Close101.281Nov 18, 2024Close101.344Nov 21, 2024Close101.219Nov 26, 2024Close101.625Dec 2, 2024Close102.063Dec 5, 2024Close102.094Dec 10, 2024Close102.031Dec 13, 2024Close101.406Dec 18, 2024Close100.844Dec 23, 2024Close100.719Dec 27, 2024Close100.688Jan 2, 2025Close101.000Jan 7, 2025Close100.688Jan 10, 2025Close100.156Jan 15, 2025Close100.719Jan 21, 2025Close100.875Jan 24, 2025Close100.813Jan 29, 2025Close101.094Feb 3, 2025Close101.031Feb 6, 2025Close101.344Feb 11, 2025Close100.969Feb 14, 2025Close101.125Feb 20, 2025Close101.094Feb 25, 2025Close101.906Feb 28, 2025Close102.250Mar 5, 2025Close102.125Mar 10, 2025Close102.469Mar 13, 2025Close102.313Mar 18, 2025Close102.125Mar 21, 2025Close102.406Mar 26, 2025Close102.063Mar 31, 2025Close102.594Apr 3, 2025Close103.375Apr 8, 2025Close102.938Apr 11, 2025Close101.906Apr 16, 2025Close102.844Apr 21, 2025Close102.719Apr 24, 2025Close102.750Apr 29, 2025Close103.344May 2, 2025Close102.750May 7, 2025Close102.938May 12, 2025Close102.063May 15, 2025Close102.156May 20, 2025Close102.188May 23, 2025Close102.094May 29, 2025Close102.375Jun 3, 2025Close102.281Jun 6, 2025Close101.906Jun 11, 2025Close102.344Jun 16, 2025Close102.250Jun 20, 2025Close102.500Jun 25, 2025Close102.938Jun 30, 2025Close103.125Jul 3, 2025Close102.563Jul 9, 2025Close102.656Jul 14, 2025Close102.469Jul 17, 2025Close102.375Jul 22, 2025Close102.781Jul 25, 2025Close102.531Jul 30, 2025Close102.438Aug 4, 2025Close103.219Aug 7, 2025Close103.063Aug 12, 2025Close102.969Aug 15, 2025Close102.906Aug 20, 2025Close103.031Aug 25, 2025Close103.063Aug 28, 2025Close103.375Sep 3, 2025Close103.406Sep 8, 2025Close103.781Sep 11, 2025Close103.688Sep 16, 2025Close103.719Sep 19, 2025Close103.406Sep 24, 2025Close103.281Sep 29, 2025Close103.156Oct 2, 2025Close103.438Oct 7, 2025Close103.313Oct 10, 2025Close103.500Oct 16, 2025Close103.844Oct 21, 2025Close103.750Oct 24, 2025Close103.594Oct 29, 2025Close103.250Nov 3, 2025Close103.188Nov 6, 2025Close103.281Nov 12, 2025Close103.313Nov 17, 2025Close103.125Nov 20, 2025Close103.313Nov 25, 2025Close103.625Dec 1, 2025Close103.313Dec 4, 2025Close103.313Dec 9, 2025Close103.000Dec 12, 2025Close103.156Dec 17, 2025Close103.313Dec 22, 2025Close103.250Dec 26, 2025Close103.281Dec 31, 2025Close103.250Jan 6, 2026Close103.281Jan 9, 2026Close103.063Jan 14, 2026Close103.156Jan 20, 2026Close102.813Jan 23, 2026Close102.844Jan 28, 2026Close102.844Feb 2, 2026Close102.875Feb 5, 2026Close103.156Feb 10, 2026Close103.250Feb 13, 2026Close103.469Feb 19, 2026Close103.313Feb 24, 2026Close103.406Feb 27, 2026Close103.625Mar 4, 2026Close103.125Mar 9, 2026Close103.031Mar 12, 2026Close102.438Mar 17, 2026Close102.719Mar 20, 2026Close102.000Mar 25, 2026Close102.094Mar 30, 2026Close102.188Apr 2, 2026Close102.250Apr 7, 2026Close102.188Apr 10, 2026Close102.250Apr 15, 2026Close102.375Apr 20, 2026Close102.500Apr 23, 2026Close102.156Apr 28, 2026Close102.094May 1, 2026Close101.969May 6, 2026Close102.031May 11, 2026Close101.781May 14, 2026Close101.594May 19, 2026Close101.156May 22, 2026Close101.188May 28, 2026Close101.469Jun 2, 2026Close101.406Jun 5, 2026Close101.063Jun 10, 2026Close101.156Jun 15, 2026Close101.375Jun 18, 2026Close101.125Jun 24, 2026Close101.250Jun 29, 2026Close101.344Jul 2, 2026Close101.188Jul 8, 2026Close101.000Jul 13, 2026Close100.844Jul 16, 2026Close101.094Jul 21, 2026Close100.844Jul 24, 2026Close100.656Jul 29, 2026Close100.875Aug 3, 2026Close100.781Aug 6, 2026Close100.813Aug 11, 2026Close100.844Aug 14, 2026Close101.000Aug 19, 2026Close100.969Aug 24, 2026Close100.813Aug 27, 2026Close100.844Sep 1, 2026Close100.438Sep 4, 2026Close100.469Sep 9, 2026Close100.313
The most recent 20 trading days of prices for 91282CKP5.
DateBidOfferClose
Sep 9, 2026100.344100.313100.313
Sep 8, 2026100.453100.438100.406
Sep 4, 2026100.516100.500100.469
Sep 3, 2026100.609100.594100.563
Sep 2, 2026100.453100.438100.469
Sep 1, 2026100.516100.500100.438
Aug 31, 2026100.594100.563100.563
Aug 28, 2026100.641100.625100.563
Aug 27, 2026100.906100.875100.844
Aug 26, 2026100.922100.906100.875
Aug 25, 2026100.953100.938100.938
Aug 24, 2026100.859100.844100.813
Aug 21, 2026100.828100.813100.813
Aug 20, 2026100.953100.938100.938
Aug 19, 2026100.953100.938100.969
Aug 18, 2026100.984100.969100.969
Aug 17, 2026101.016101.000100.969
Aug 14, 2026101.047101.031101.000
Aug 13, 2026101.078101.063101.063
Aug 12, 2026100.969100.938100.906

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 91282CKP5.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Apr 24, 2024Apr 30, 2024New issue$70.0bn$70.3bn2.39x4.659%

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.