Treasury note

91282CKT7 · 4.5% due May 31, 2029

Original term
5-Year
Maturity
May 31, 2029
Coupon
4.500%
Pays
Semi-Annual
Dated
May 31, 2024
First coupon
Nov 30, 2024
Priced through
Sep 9, 2026
Analyzed through
Sep 9, 2026

Statement of August 31, 2026

Amount outstanding
$72.97bn
Held stripped
$120.0m
Share stripped
0.16%

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
4.498%
Modified duration
2.505 yr
DV01
0.0254
Convexity
7.758
Dirty price
101.254

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 2.560 years against a modified duration of 2.505.

Against the fitted curve

Priced 1.5 bp rich to the curve on that day, 3.84 cents per 100 of face.

That is -0.96 standard deviations from its own typical residual.

Yield to maturity, 569 observations

3.25%3.50%3.75%4.00%4.25%4.50%4.75%May 31, 2024Sep 9, 2026May 31, 2024Yield to maturity4.521%Jun 5, 2024Yield to maturity4.310%Jun 10, 2024Yield to maturity4.478%Jun 13, 2024Yield to maturity4.239%Jun 18, 2024Yield to maturity4.238%Jun 24, 2024Yield to maturity4.272%Jun 27, 2024Yield to maturity4.300%Jul 2, 2024Yield to maturity4.392%Jul 8, 2024Yield to maturity4.228%Jul 11, 2024Yield to maturity4.121%Jul 16, 2024Yield to maturity4.078%Jul 19, 2024Yield to maturity4.162%Jul 24, 2024Yield to maturity4.147%Jul 29, 2024Yield to maturity4.061%Aug 1, 2024Yield to maturity3.848%Aug 6, 2024Yield to maturity3.734%Aug 9, 2024Yield to maturity3.795%Aug 14, 2024Yield to maturity3.667%Aug 19, 2024Yield to maturity3.750%Aug 22, 2024Yield to maturity3.720%Aug 27, 2024Yield to maturity3.654%Aug 30, 2024Yield to maturity3.730%Sep 5, 2024Yield to maturity3.551%Sep 10, 2024Yield to maturity3.436%Sep 13, 2024Yield to maturity3.433%Sep 18, 2024Yield to maturity3.481%Sep 23, 2024Yield to maturity3.507%Sep 26, 2024Yield to maturity3.555%Oct 1, 2024Yield to maturity3.510%Oct 4, 2024Yield to maturity3.818%Oct 9, 2024Yield to maturity3.905%Oct 15, 2024Yield to maturity3.859%Oct 18, 2024Yield to maturity3.879%Oct 23, 2024Yield to maturity4.056%Oct 28, 2024Yield to maturity4.107%Oct 31, 2024Yield to maturity4.151%Nov 5, 2024Yield to maturity4.166%Nov 8, 2024Yield to maturity4.202%Nov 14, 2024Yield to maturity4.324%Nov 19, 2024Yield to maturity4.255%Nov 22, 2024Yield to maturity4.308%Nov 27, 2024Yield to maturity4.147%Dec 3, 2024Yield to maturity4.130%Dec 6, 2024Yield to maturity4.053%Dec 11, 2024Yield to maturity4.144%Dec 16, 2024Yield to maturity4.258%Dec 19, 2024Yield to maturity4.429%Dec 24, 2024Yield to maturity4.436%Dec 30, 2024Yield to maturity4.366%Jan 3, 2025Yield to maturity4.404%Jan 8, 2025Yield to maturity4.436%Jan 13, 2025Yield to maturity4.602%Jan 16, 2025Yield to maturity4.380%Jan 22, 2025Yield to maturity4.419%Jan 27, 2025Yield to maturity4.315%Jan 30, 2025Yield to maturity4.299%Feb 4, 2025Yield to maturity4.306%Feb 7, 2025Yield to maturity4.346%Feb 12, 2025Yield to maturity4.474%Feb 18, 2025Yield to maturity4.393%Feb 21, 2025Yield to maturity4.248%Feb 26, 2025Yield to maturity4.079%Mar 3, 2025Yield to maturity3.973%Mar 6, 2025Yield to maturity4.053%Mar 11, 2025Yield to maturity4.011%Mar 14, 2025Yield to maturity4.074%Mar 19, 2025Yield to maturity4.017%Mar 24, 2025Yield to maturity4.080%Mar 27, 2025Yield to maturity4.072%Apr 1, 2025Yield to maturity3.892%Apr 4, 2025Yield to maturity3.704%Apr 9, 2025Yield to maturity4.027%Apr 14, 2025Yield to maturity3.977%Apr 17, 2025Yield to maturity3.902%Apr 22, 2025Yield to maturity3.925%Apr 25, 2025Yield to maturity3.841%Apr 30, 2025Yield to maturity3.676%May 5, 2025Yield to maturity3.896%May 8, 2025Yield to maturity3.961%May 13, 2025Yield to maturity4.093%May 16, 2025Yield to maturity4.034%May 21, 2025Yield to maturity4.092%May 27, 2025Yield to maturity3.989%May 30, 2025Yield to maturity3.937%Jun 4, 2025Yield to maturity3.902%Jun 9, 2025Yield to maturity4.053%Jun 12, 2025Yield to maturity3.933%Jun 17, 2025Yield to maturity3.948%Jun 23, 2025Yield to maturity3.860%Jun 26, 2025Yield to maturity3.748%Jul 1, 2025Yield to maturity3.797%Jul 7, 2025Yield to maturity3.914%Jul 10, 2025Yield to maturity3.879%Jul 15, 2025Yield to maturity3.989%Jul 18, 2025Yield to maturity3.901%Jul 23, 2025Yield to maturity3.882%Jul 28, 2025Yield to maturity3.915%Jul 31, 2025Yield to maturity3.922%Aug 5, 2025Yield to maturity3.719%Aug 8, 2025Yield to maturity3.787%Aug 13, 2025Yield to maturity3.706%Aug 18, 2025Yield to maturity3.792%Aug 21, 2025Yield to maturity3.799%Aug 26, 2025Yield to maturity3.673%Aug 29, 2025Yield to maturity3.625%Sep 4, 2025Yield to maturity3.588%Sep 9, 2025Yield to maturity3.550%Sep 12, 2025Yield to maturity3.573%Sep 17, 2025Yield to maturity3.562%Sep 22, 2025Yield to maturity3.631%Sep 25, 2025Yield to maturity3.710%Sep 30, 2025Yield to maturity3.671%Oct 3, 2025Yield to maturity3.641%Oct 8, 2025Yield to maturity3.649%Oct 14, 2025Yield to maturity3.527%Oct 17, 2025Yield to maturity3.514%Oct 22, 2025Yield to maturity3.485%Oct 27, 2025Yield to maturity3.546%Oct 30, 2025Yield to maturity3.654%Nov 4, 2025Yield to maturity3.624%Nov 7, 2025Yield to maturity3.602%Nov 13, 2025Yield to maturity3.637%Nov 18, 2025Yield to maturity3.615%Nov 21, 2025Yield to maturity3.537%Nov 26, 2025Yield to maturity3.497%Dec 2, 2025Yield to maturity3.569%Dec 5, 2025Yield to maturity3.622%Dec 10, 2025Yield to maturity3.620%Dec 15, 2025Yield to maturity3.617%Dec 18, 2025Yield to maturity3.548%Dec 23, 2025Yield to maturity3.621%Dec 29, 2025Yield to maturity3.559%Jan 2, 2026Yield to maturity3.603%Jan 7, 2026Yield to maturity3.562%Jan 12, 2026Yield to maturity3.637%Jan 15, 2026Yield to maturity3.654%Jan 21, 2026Yield to maturity3.699%Jan 26, 2026Yield to maturity3.686%Jan 29, 2026Yield to maturity3.665%Feb 3, 2026Yield to maturity3.681%Feb 6, 2026Yield to maturity3.608%Feb 11, 2026Yield to maturity3.606%Feb 17, 2026Yield to maturity3.502%Feb 20, 2026Yield to maturity3.528%Feb 25, 2026Yield to maturity3.506%Mar 2, 2026Yield to maturity3.512%Mar 5, 2026Yield to maturity3.611%Mar 10, 2026Yield to maturity3.618%Mar 13, 2026Yield to maturity3.778%Mar 18, 2026Yield to maturity3.777%Mar 23, 2026Yield to maturity3.878%Mar 26, 2026Yield to maturity4.023%Mar 31, 2026Yield to maturity3.832%Apr 3, 2026Yield to maturity3.892%Apr 8, 2026Yield to maturity3.828%Apr 13, 2026Yield to maturity3.814%Apr 16, 2026Yield to maturity3.813%Apr 21, 2026Yield to maturity3.810%Apr 24, 2026Yield to maturity3.807%Apr 29, 2026Yield to maturity3.967%May 4, 2026Yield to maturity3.986%May 7, 2026Yield to maturity3.953%May 12, 2026Yield to maturity4.038%May 15, 2026Yield to maturity4.156%May 20, 2026Yield to maturity4.123%May 26, 2026Yield to maturity4.110%May 29, 2026Yield to maturity4.075%Jun 3, 2026Yield to maturity4.152%Jun 8, 2026Yield to maturity4.217%Jun 11, 2026Yield to maturity4.115%Jun 16, 2026Yield to maturity4.091%Jun 22, 2026Yield to maturity4.270%Jun 25, 2026Yield to maturity4.133%Jun 30, 2026Yield to maturity4.154%Jul 6, 2026Yield to maturity4.152%Jul 9, 2026Yield to maturity4.209%Jul 14, 2026Yield to maturity4.230%Jul 17, 2026Yield to maturity4.217%Jul 22, 2026Yield to maturity4.345%Jul 27, 2026Yield to maturity4.356%Jul 30, 2026Yield to maturity4.297%Aug 4, 2026Yield to maturity4.249%Aug 7, 2026Yield to maturity4.259%Aug 12, 2026Yield to maturity4.270%Aug 17, 2026Yield to maturity4.257%Aug 20, 2026Yield to maturity4.257%Aug 25, 2026Yield to maturity4.255%Aug 28, 2026Yield to maturity4.400%Sep 2, 2026Yield to maturity4.449%Sep 8, 2026Yield to maturity4.461%Sep 9, 2026Yield to maturity4.498%

Price history

569 trading days to Sep 9, 2026

99100101102103104105May 31, 2024Sep 9, 2026May 31, 2024Close99.906Jun 5, 2024Close100.844Jun 10, 2024Close100.094Jun 13, 2024Close101.156Jun 18, 2024Close101.156Jun 24, 2024Close101.000Jun 27, 2024Close100.875Jul 2, 2024Close100.469Jul 8, 2024Close101.188Jul 11, 2024Close101.656Jul 16, 2024Close101.844Jul 19, 2024Close101.469Jul 24, 2024Close101.531Jul 29, 2024Close101.906Aug 1, 2024Close102.844Aug 6, 2024Close103.344Aug 9, 2024Close103.063Aug 14, 2024Close103.625Aug 19, 2024Close103.250Aug 22, 2024Close103.375Aug 27, 2024Close103.656Aug 30, 2024Close103.313Sep 5, 2024Close104.094Sep 10, 2024Close104.594Sep 13, 2024Close104.594Sep 18, 2024Close104.375Sep 23, 2024Close104.250Sep 26, 2024Close104.031Oct 1, 2024Close104.219Oct 4, 2024Close102.875Oct 9, 2024Close102.500Oct 15, 2024Close102.688Oct 18, 2024Close102.594Oct 23, 2024Close101.844Oct 28, 2024Close101.625Oct 31, 2024Close101.438Nov 5, 2024Close101.375Nov 8, 2024Close101.219Nov 14, 2024Close100.719Nov 19, 2024Close101.000Nov 22, 2024Close100.781Nov 27, 2024Close101.438Dec 3, 2024Close101.500Dec 6, 2024Close101.813Dec 11, 2024Close101.438Dec 16, 2024Close100.969Dec 19, 2024Close100.281Dec 24, 2024Close100.250Dec 30, 2024Close100.531Jan 3, 2025Close100.375Jan 8, 2025Close100.250Jan 13, 2025Close99.594Jan 16, 2025Close100.469Jan 22, 2025Close100.313Jan 27, 2025Close100.719Jan 30, 2025Close100.781Feb 4, 2025Close100.750Feb 7, 2025Close100.594Feb 12, 2025Close100.094Feb 18, 2025Close100.406Feb 21, 2025Close100.969Feb 26, 2025Close101.625Mar 3, 2025Close102.031Mar 6, 2025Close101.719Mar 11, 2025Close101.875Mar 14, 2025Close101.625Mar 19, 2025Close101.844Mar 24, 2025Close101.594Mar 27, 2025Close101.625Apr 1, 2025Close102.313Apr 4, 2025Close103.031Apr 9, 2025Close101.781Apr 14, 2025Close101.969Apr 17, 2025Close102.250Apr 22, 2025Close102.156Apr 25, 2025Close102.469Apr 30, 2025Close103.094May 5, 2025Close102.250May 8, 2025Close102.000May 13, 2025Close101.500May 16, 2025Close101.719May 21, 2025Close101.500May 27, 2025Close101.875May 30, 2025Close102.063Jun 4, 2025Close102.188Jun 9, 2025Close101.625Jun 12, 2025Close102.063Jun 17, 2025Close102.000Jun 23, 2025Close102.313Jun 26, 2025Close102.719Jul 1, 2025Close102.531Jul 7, 2025Close102.094Jul 10, 2025Close102.219Jul 15, 2025Close101.813Jul 18, 2025Close102.125Jul 23, 2025Close102.188Jul 28, 2025Close102.063Jul 31, 2025Close102.031Aug 5, 2025Close102.750Aug 8, 2025Close102.500Aug 13, 2025Close102.781Aug 18, 2025Close102.469Aug 21, 2025Close102.438Aug 26, 2025Close102.875Aug 29, 2025Close103.031Sep 4, 2025Close103.156Sep 9, 2025Close103.281Sep 12, 2025Close103.188Sep 17, 2025Close103.219Sep 22, 2025Close102.969Sep 25, 2025Close102.688Sep 30, 2025Close102.813Oct 3, 2025Close102.906Oct 8, 2025Close102.875Oct 14, 2025Close103.281Oct 17, 2025Close103.313Oct 22, 2025Close103.406Oct 27, 2025Close103.188Oct 30, 2025Close102.813Nov 4, 2025Close102.906Nov 7, 2025Close102.969Nov 13, 2025Close102.844Nov 18, 2025Close102.906Nov 21, 2025Close103.156Nov 26, 2025Close103.281Dec 2, 2025Close103.031Dec 5, 2025Close102.844Dec 10, 2025Close102.844Dec 15, 2025Close102.844Dec 18, 2025Close103.063Dec 23, 2025Close102.813Dec 29, 2025Close103.000Jan 2, 2026Close102.844Jan 7, 2026Close102.969Jan 12, 2026Close102.719Jan 15, 2026Close102.656Jan 21, 2026Close102.500Jan 26, 2026Close102.531Jan 29, 2026Close102.594Feb 3, 2026Close102.531Feb 6, 2026Close102.750Feb 11, 2026Close102.750Feb 17, 2026Close103.063Feb 20, 2026Close102.969Feb 25, 2026Close103.031Mar 2, 2026Close103.000Mar 5, 2026Close102.688Mar 10, 2026Close102.656Mar 13, 2026Close102.156Mar 18, 2026Close102.156Mar 23, 2026Close101.844Mar 26, 2026Close101.406Mar 31, 2026Close101.969Apr 3, 2026Close101.781Apr 8, 2026Close101.969Apr 13, 2026Close102.000Apr 16, 2026Close102.000Apr 21, 2026Close102.000Apr 24, 2026Close102.000Apr 29, 2026Close101.531May 4, 2026Close101.469May 7, 2026Close101.563May 12, 2026Close101.313May 15, 2026Close100.969May 20, 2026Close101.063May 26, 2026Close101.094May 29, 2026Close101.188Jun 3, 2026Close100.969Jun 8, 2026Close100.781Jun 11, 2026Close101.063Jun 16, 2026Close101.125Jun 22, 2026Close100.625Jun 25, 2026Close101.000Jun 30, 2026Close100.938Jul 6, 2026Close100.938Jul 9, 2026Close100.781Jul 14, 2026Close100.719Jul 17, 2026Close100.750Jul 22, 2026Close100.406Jul 27, 2026Close100.375Jul 30, 2026Close100.531Aug 4, 2026Close100.656Aug 7, 2026Close100.625Aug 12, 2026Close100.594Aug 17, 2026Close100.625Aug 20, 2026Close100.625Aug 25, 2026Close100.625Aug 28, 2026Close100.250Sep 2, 2026Close100.125Sep 8, 2026Close100.094Sep 9, 2026Close100.000
The most recent 20 trading days of prices for 91282CKT7.
DateBidOfferClose
Sep 9, 2026100.016100.000100.000
Sep 8, 2026100.109100.094100.094
Sep 4, 2026100.172100.156100.125
Sep 3, 2026100.297100.281100.219
Sep 2, 2026100.141100.125100.125
Sep 1, 2026100.203100.188100.125
Aug 31, 2026100.266100.250100.250
Aug 28, 2026100.328100.313100.250
Aug 27, 2026100.578100.563100.531
Aug 26, 2026100.578100.563100.563
Aug 25, 2026100.641100.625100.625
Aug 24, 2026100.547100.531100.500
Aug 21, 2026100.484100.469100.500
Aug 20, 2026100.609100.594100.625
Aug 19, 2026100.641100.625100.656
Aug 18, 2026100.672100.656100.625
Aug 17, 2026100.672100.656100.625
Aug 14, 2026100.734100.719100.656
Aug 13, 2026100.766100.750100.750
Aug 12, 2026100.641100.625100.594

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 91282CKT7.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
May 28, 2024May 31, 2024New issue$70.0bn$74.2bn2.30x4.553%

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.