Treasury note

91282CKU4 · 4.625% due May 31, 2031

Original term
7-Year
Maturity
May 31, 2031
Coupon
4.625%
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
$46.21bn
Held stripped
$19.2m
Share stripped
0.04%

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
4.609%
Modified duration
4.147 yr
DV01
0.0420
Convexity
20.478
Dirty price
101.351

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 4.241 years against a modified duration of 4.147.

Against the fitted curve

Priced 0.2 bp cheap to the curve on that day, 0.77 cents per 100 of face.

That is -0.65 standard deviations from its own typical residual.

Yield to maturity, 569 observations

3.50%3.75%4.00%4.25%4.50%4.75%May 31, 2024Sep 9, 2026May 31, 2024Yield to maturity4.520%Jun 5, 2024Yield to maturity4.296%Jun 10, 2024Yield to maturity4.472%Jun 13, 2024Yield to maturity4.232%Jun 18, 2024Yield to maturity4.221%Jun 24, 2024Yield to maturity4.252%Jun 27, 2024Yield to maturity4.288%Jul 2, 2024Yield to maturity4.402%Jul 8, 2024Yield to maturity4.234%Jul 11, 2024Yield to maturity4.150%Jul 16, 2024Yield to maturity4.113%Jul 19, 2024Yield to maturity4.190%Jul 24, 2024Yield to maturity4.200%Jul 29, 2024Yield to maturity4.090%Aug 1, 2024Yield to maturity3.888%Aug 6, 2024Yield to maturity3.790%Aug 9, 2024Yield to maturity3.855%Aug 14, 2024Yield to maturity3.721%Aug 19, 2024Yield to maturity3.791%Aug 22, 2024Yield to maturity3.775%Aug 27, 2024Yield to maturity3.743%Aug 30, 2024Yield to maturity3.808%Sep 5, 2024Yield to maturity3.627%Sep 10, 2024Yield to maturity3.524%Sep 13, 2024Yield to maturity3.522%Sep 18, 2024Yield to maturity3.572%Sep 23, 2024Yield to maturity3.611%Sep 26, 2024Yield to maturity3.656%Oct 1, 2024Yield to maturity3.608%Oct 4, 2024Yield to maturity3.882%Oct 9, 2024Yield to maturity3.976%Oct 15, 2024Yield to maturity3.932%Oct 18, 2024Yield to maturity3.968%Oct 23, 2024Yield to maturity4.139%Oct 28, 2024Yield to maturity4.192%Oct 31, 2024Yield to maturity4.218%Nov 5, 2024Yield to maturity4.228%Nov 8, 2024Yield to maturity4.255%Nov 14, 2024Yield to maturity4.386%Nov 19, 2024Yield to maturity4.320%Nov 22, 2024Yield to maturity4.352%Nov 27, 2024Yield to maturity4.187%Dec 3, 2024Yield to maturity4.176%Dec 6, 2024Yield to maturity4.093%Dec 11, 2024Yield to maturity4.196%Dec 16, 2024Yield to maturity4.317%Dec 19, 2024Yield to maturity4.506%Dec 24, 2024Yield to maturity4.523%Dec 30, 2024Yield to maturity4.449%Jan 3, 2025Yield to maturity4.494%Jan 8, 2025Yield to maturity4.545%Jan 13, 2025Yield to maturity4.699%Jan 16, 2025Yield to maturity4.487%Jan 22, 2025Yield to maturity4.504%Jan 27, 2025Yield to maturity4.413%Jan 30, 2025Yield to maturity4.396%Feb 4, 2025Yield to maturity4.401%Feb 7, 2025Yield to maturity4.406%Feb 12, 2025Yield to maturity4.549%Feb 18, 2025Yield to maturity4.468%Feb 21, 2025Yield to maturity4.331%Feb 26, 2025Yield to maturity4.143%Mar 3, 2025Yield to maturity4.041%Mar 6, 2025Yield to maturity4.153%Mar 11, 2025Yield to maturity4.130%Mar 14, 2025Yield to maturity4.180%Mar 19, 2025Yield to maturity4.117%Mar 24, 2025Yield to maturity4.184%Mar 27, 2025Yield to maturity4.201%Apr 1, 2025Yield to maturity4.001%Apr 4, 2025Yield to maturity3.813%Apr 9, 2025Yield to maturity4.170%Apr 14, 2025Yield to maturity4.146%Apr 17, 2025Yield to maturity4.083%Apr 22, 2025Yield to maturity4.128%Apr 25, 2025Yield to maturity4.017%Apr 30, 2025Yield to maturity3.863%May 5, 2025Yield to maturity4.067%May 8, 2025Yield to maturity4.119%May 13, 2025Yield to maturity4.240%May 16, 2025Yield to maturity4.175%May 21, 2025Yield to maturity4.280%May 27, 2025Yield to maturity4.145%May 30, 2025Yield to maturity4.103%Jun 4, 2025Yield to maturity4.055%Jun 9, 2025Yield to maturity4.207%Jun 12, 2025Yield to maturity4.071%Jun 17, 2025Yield to maturity4.087%Jun 23, 2025Yield to maturity4.010%Jun 26, 2025Yield to maturity3.909%Jul 1, 2025Yield to maturity3.937%Jul 7, 2025Yield to maturity4.065%Jul 10, 2025Yield to maturity4.029%Jul 15, 2025Yield to maturity4.152%Jul 18, 2025Yield to maturity4.068%Jul 23, 2025Yield to maturity4.043%Jul 28, 2025Yield to maturity4.072%Jul 31, 2025Yield to maturity4.047%Aug 5, 2025Yield to maturity3.862%Aug 8, 2025Yield to maturity3.925%Aug 13, 2025Yield to maturity3.865%Aug 18, 2025Yield to maturity3.953%Aug 21, 2025Yield to maturity3.952%Aug 26, 2025Yield to maturity3.843%Aug 29, 2025Yield to maturity3.793%Sep 4, 2025Yield to maturity3.739%Sep 9, 2025Yield to maturity3.683%Sep 12, 2025Yield to maturity3.705%Sep 17, 2025Yield to maturity3.698%Sep 22, 2025Yield to maturity3.780%Sep 25, 2025Yield to maturity3.839%Sep 30, 2025Yield to maturity3.808%Oct 3, 2025Yield to maturity3.788%Oct 8, 2025Yield to maturity3.793%Oct 14, 2025Yield to maturity3.670%Oct 17, 2025Yield to maturity3.662%Oct 22, 2025Yield to maturity3.624%Oct 27, 2025Yield to maturity3.677%Oct 30, 2025Yield to maturity3.779%Nov 4, 2025Yield to maturity3.753%Nov 7, 2025Yield to maturity3.739%Nov 13, 2025Yield to maturity3.762%Nov 18, 2025Yield to maturity3.754%Nov 21, 2025Yield to maturity3.678%Nov 26, 2025Yield to maturity3.628%Dec 2, 2025Yield to maturity3.718%Dec 5, 2025Yield to maturity3.772%Dec 10, 2025Yield to maturity3.783%Dec 15, 2025Yield to maturity3.793%Dec 18, 2025Yield to maturity3.723%Dec 23, 2025Yield to maturity3.796%Dec 29, 2025Yield to maturity3.725%Jan 2, 2026Yield to maturity3.786%Jan 7, 2026Yield to maturity3.740%Jan 12, 2026Yield to maturity3.808%Jan 15, 2026Yield to maturity3.813%Jan 21, 2026Yield to maturity3.874%Jan 26, 2026Yield to maturity3.866%Jan 29, 2026Yield to maturity3.846%Feb 3, 2026Yield to maturity3.876%Feb 6, 2026Yield to maturity3.797%Feb 11, 2026Yield to maturity3.790%Feb 17, 2026Yield to maturity3.666%Feb 20, 2026Yield to maturity3.689%Feb 25, 2026Yield to maturity3.656%Mar 2, 2026Yield to maturity3.660%Mar 5, 2026Yield to maturity3.755%Mar 10, 2026Yield to maturity3.773%Mar 13, 2026Yield to maturity3.915%Mar 18, 2026Yield to maturity3.907%Mar 23, 2026Yield to maturity3.998%Mar 26, 2026Yield to maturity4.137%Mar 31, 2026Yield to maturity3.962%Apr 3, 2026Yield to maturity4.027%Apr 8, 2026Yield to maturity3.953%Apr 13, 2026Yield to maturity3.952%Apr 16, 2026Yield to maturity3.944%Apr 21, 2026Yield to maturity3.936%Apr 24, 2026Yield to maturity3.948%Apr 29, 2026Yield to maturity4.082%May 4, 2026Yield to maturity4.108%May 7, 2026Yield to maturity4.066%May 12, 2026Yield to maturity4.147%May 15, 2026Yield to maturity4.283%May 20, 2026Yield to maturity4.248%May 26, 2026Yield to maturity4.213%May 29, 2026Yield to maturity4.164%Jun 3, 2026Yield to maturity4.232%Jun 8, 2026Yield to maturity4.301%Jun 11, 2026Yield to maturity4.196%Jun 16, 2026Yield to maturity4.166%Jun 22, 2026Yield to maturity4.305%Jun 25, 2026Yield to maturity4.171%Jun 30, 2026Yield to maturity4.205%Jul 6, 2026Yield to maturity4.218%Jul 9, 2026Yield to maturity4.281%Jul 14, 2026Yield to maturity4.315%Jul 17, 2026Yield to maturity4.286%Jul 22, 2026Yield to maturity4.422%Jul 27, 2026Yield to maturity4.414%Jul 30, 2026Yield to maturity4.392%Aug 4, 2026Yield to maturity4.341%Aug 7, 2026Yield to maturity4.354%Aug 12, 2026Yield to maturity4.376%Aug 17, 2026Yield to maturity4.382%Aug 20, 2026Yield to maturity4.389%Aug 25, 2026Yield to maturity4.352%Aug 28, 2026Yield to maturity4.491%Sep 2, 2026Yield to maturity4.549%Sep 8, 2026Yield to maturity4.571%Sep 9, 2026Yield to maturity4.609%

Price history

569 trading days to Sep 9, 2026

98100102104106108May 31, 2024Sep 9, 2026May 31, 2024Close100.625Jun 5, 2024Close101.969Jun 10, 2024Close100.906Jun 13, 2024Close102.344Jun 18, 2024Close102.406Jun 24, 2024Close102.219Jun 27, 2024Close102.000Jul 2, 2024Close101.313Jul 8, 2024Close102.313Jul 11, 2024Close102.813Jul 16, 2024Close103.031Jul 19, 2024Close102.563Jul 24, 2024Close102.500Jul 29, 2024Close103.156Aug 1, 2024Close104.375Aug 6, 2024Close104.969Aug 9, 2024Close104.563Aug 14, 2024Close105.375Aug 19, 2024Close104.938Aug 22, 2024Close105.031Aug 27, 2024Close105.219Aug 30, 2024Close104.813Sep 5, 2024Close105.906Sep 10, 2024Close106.531Sep 13, 2024Close106.531Sep 18, 2024Close106.219Sep 23, 2024Close105.969Sep 26, 2024Close105.688Oct 1, 2024Close105.969Oct 4, 2024Close104.313Oct 9, 2024Close103.750Oct 15, 2024Close104.000Oct 18, 2024Close103.781Oct 23, 2024Close102.781Oct 28, 2024Close102.469Oct 31, 2024Close102.313Nov 5, 2024Close102.250Nov 8, 2024Close102.094Nov 14, 2024Close101.344Nov 19, 2024Close101.719Nov 22, 2024Close101.531Nov 27, 2024Close102.469Dec 3, 2024Close102.531Dec 6, 2024Close103.000Dec 11, 2024Close102.406Dec 16, 2024Close101.719Dec 19, 2024Close100.656Dec 24, 2024Close100.563Dec 30, 2024Close100.969Jan 3, 2025Close100.719Jan 8, 2025Close100.438Jan 13, 2025Close99.594Jan 16, 2025Close100.750Jan 22, 2025Close100.656Jan 27, 2025Close101.156Jan 30, 2025Close101.250Feb 4, 2025Close101.219Feb 7, 2025Close101.188Feb 12, 2025Close100.406Feb 18, 2025Close100.844Feb 21, 2025Close101.594Feb 26, 2025Close102.625Mar 3, 2025Close103.188Mar 6, 2025Close102.563Mar 11, 2025Close102.688Mar 14, 2025Close102.406Mar 19, 2025Close102.750Mar 24, 2025Close102.375Mar 27, 2025Close102.281Apr 1, 2025Close103.375Apr 4, 2025Close104.406Apr 9, 2025Close102.438Apr 14, 2025Close102.563Apr 17, 2025Close102.906Apr 22, 2025Close102.656Apr 25, 2025Close103.250Apr 30, 2025Close104.094May 5, 2025Close102.969May 8, 2025Close102.688May 13, 2025Close102.031May 16, 2025Close102.375May 21, 2025Close101.813May 27, 2025Close102.531May 30, 2025Close102.750Jun 4, 2025Close103.000Jun 9, 2025Close102.188Jun 12, 2025Close102.906Jun 17, 2025Close102.813Jun 23, 2025Close103.219Jun 26, 2025Close103.750Jul 1, 2025Close103.594Jul 7, 2025Close102.906Jul 10, 2025Close103.094Jul 15, 2025Close102.438Jul 18, 2025Close102.875Jul 23, 2025Close103.000Jul 28, 2025Close102.844Jul 31, 2025Close102.969Aug 5, 2025Close103.938Aug 8, 2025Close103.594Aug 13, 2025Close103.906Aug 18, 2025Close103.438Aug 21, 2025Close103.438Aug 26, 2025Close104.000Aug 29, 2025Close104.250Sep 4, 2025Close104.531Sep 9, 2025Close104.813Sep 12, 2025Close104.688Sep 17, 2025Close104.719Sep 22, 2025Close104.281Sep 25, 2025Close103.969Sep 30, 2025Close104.125Oct 3, 2025Close104.219Oct 8, 2025Close104.188Oct 14, 2025Close104.813Oct 17, 2025Close104.844Oct 22, 2025Close105.031Oct 27, 2025Close104.750Oct 30, 2025Close104.219Nov 4, 2025Close104.344Nov 7, 2025Close104.406Nov 13, 2025Close104.281Nov 18, 2025Close104.313Nov 21, 2025Close104.688Nov 26, 2025Close104.938Dec 2, 2025Close104.469Dec 5, 2025Close104.188Dec 10, 2025Close104.125Dec 15, 2025Close104.063Dec 18, 2025Close104.406Dec 23, 2025Close104.031Dec 29, 2025Close104.375Jan 2, 2026Close104.063Jan 7, 2026Close104.281Jan 12, 2026Close103.938Jan 15, 2026Close103.906Jan 21, 2026Close103.594Jan 26, 2026Close103.625Jan 29, 2026Close103.719Feb 3, 2026Close103.563Feb 6, 2026Close103.938Feb 11, 2026Close103.969Feb 17, 2026Close104.563Feb 20, 2026Close104.438Feb 25, 2026Close104.594Mar 2, 2026Close104.563Mar 5, 2026Close104.094Mar 10, 2026Close104.000Mar 13, 2026Close103.313Mar 18, 2026Close103.344Mar 23, 2026Close102.906Mar 26, 2026Close102.250Mar 31, 2026Close103.063Apr 3, 2026Close102.750Apr 8, 2026Close103.094Apr 13, 2026Close103.094Apr 16, 2026Close103.125Apr 21, 2026Close103.156Apr 24, 2026Close103.094Apr 29, 2026Close102.469May 4, 2026Close102.344May 7, 2026Close102.531May 12, 2026Close102.156May 15, 2026Close101.531May 20, 2026Close101.688May 26, 2026Close101.844May 29, 2026Close102.063Jun 3, 2026Close101.750Jun 8, 2026Close101.438Jun 11, 2026Close101.906Jun 16, 2026Close102.031Jun 22, 2026Close101.406Jun 25, 2026Close102.000Jun 30, 2026Close101.844Jul 6, 2026Close101.781Jul 9, 2026Close101.500Jul 14, 2026Close101.344Jul 17, 2026Close101.469Jul 22, 2026Close100.875Jul 27, 2026Close100.906Jul 30, 2026Close101.000Aug 4, 2026Close101.219Aug 7, 2026Close101.156Aug 12, 2026Close101.063Aug 17, 2026Close101.031Aug 20, 2026Close101.000Aug 25, 2026Close101.156Aug 28, 2026Close100.563Sep 2, 2026Close100.313Sep 8, 2026Close100.219Sep 9, 2026Close100.063
The most recent 20 trading days of prices for 91282CKU4.
DateBidOfferClose
Sep 9, 2026100.047100.031100.063
Sep 8, 2026100.266100.250100.219
Sep 4, 2026100.359100.344100.313
Sep 3, 2026100.547100.531100.438
Sep 2, 2026100.297100.281100.313
Sep 1, 2026100.422100.406100.281
Aug 31, 2026100.516100.500100.531
Aug 28, 2026100.703100.688100.563
Aug 27, 2026101.078101.063100.969
Aug 26, 2026101.047101.031101.031
Aug 25, 2026101.141101.125101.156
Aug 24, 2026100.984100.969100.875
Aug 21, 2026100.828100.813100.813
Aug 20, 2026101.016101.000101.000
Aug 19, 2026101.109101.094101.156
Aug 18, 2026101.078101.063101.063
Aug 17, 2026101.109101.094101.031
Aug 14, 2026101.203101.188101.094
Aug 13, 2026101.297101.281101.313
Aug 12, 2026101.141101.125101.063

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 91282CKU4.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
May 29, 2024May 31, 2024New issue$44.0bn$46.6bn2.43x4.650%

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.