Treasury note

91282CKV2 · 4.625% due June 15, 2027

Original term
3-Year
Maturity
Jun 15, 2027
Coupon
4.625%
Pays
Semi-Annual
Dated
Jun 15, 2024
First coupon
Dec 15, 2024
Priced through
Sep 9, 2026
Analyzed through
Sep 9, 2026

Statement of August 31, 2026

Amount outstanding
$58.50bn
Held stripped
$24.0m
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
4.112%
Modified duration
0.736 yr
DV01
0.0075
Convexity
0.907
Dirty price
101.474

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 3 of twelve buckets, summing to 0.750 years against a modified duration of 0.736.

Against the fitted curve

Priced 4.6 bp rich to the curve on that day, 3.40 cents per 100 of face.

That is -2.25 standard deviations from its own typical residual.

Yield to maturity, 558 observations

3.25%3.50%3.75%4.00%4.25%4.50%4.75%Jun 17, 2024Sep 9, 2026Jun 17, 2024Yield to maturity4.501%Jun 21, 2024Yield to maturity4.455%Jun 26, 2024Yield to maturity4.533%Jul 1, 2024Yield to maturity4.590%Jul 5, 2024Yield to maturity4.395%Jul 10, 2024Yield to maturity4.406%Jul 15, 2024Yield to maturity4.244%Jul 18, 2024Yield to maturity4.243%Jul 23, 2024Yield to maturity4.264%Jul 26, 2024Yield to maturity4.193%Jul 31, 2024Yield to maturity4.099%Aug 5, 2024Yield to maturity3.705%Aug 8, 2024Yield to maturity3.898%Aug 13, 2024Yield to maturity3.768%Aug 16, 2024Yield to maturity3.880%Aug 21, 2024Yield to maturity3.750%Aug 26, 2024Yield to maturity3.757%Aug 29, 2024Yield to maturity3.767%Sep 4, 2024Yield to maturity3.644%Sep 9, 2024Yield to maturity3.533%Sep 12, 2024Yield to maturity3.507%Sep 17, 2024Yield to maturity3.478%Sep 20, 2024Yield to maturity3.473%Sep 25, 2024Yield to maturity3.493%Sep 30, 2024Yield to maturity3.584%Oct 3, 2024Yield to maturity3.629%Oct 8, 2024Yield to maturity3.893%Oct 11, 2024Yield to maturity3.864%Oct 17, 2024Yield to maturity3.899%Oct 22, 2024Yield to maturity3.982%Oct 25, 2024Yield to maturity4.054%Oct 30, 2024Yield to maturity4.128%Nov 4, 2024Yield to maturity4.139%Nov 7, 2024Yield to maturity4.163%Nov 13, 2024Yield to maturity4.262%Nov 18, 2024Yield to maturity4.261%Nov 21, 2024Yield to maturity4.312%Nov 26, 2024Yield to maturity4.232%Dec 2, 2024Yield to maturity4.152%Dec 5, 2024Yield to maturity4.111%Dec 10, 2024Yield to maturity4.122%Dec 13, 2024Yield to maturity4.225%Dec 18, 2024Yield to maturity4.357%Dec 23, 2024Yield to maturity4.355%Dec 27, 2024Yield to maturity4.353%Jan 2, 2025Yield to maturity4.257%Jan 7, 2025Yield to maturity4.310%Jan 10, 2025Yield to maturity4.431%Jan 15, 2025Yield to maturity4.307%Jan 21, 2025Yield to maturity4.304%Jan 24, 2025Yield to maturity4.302%Jan 29, 2025Yield to maturity4.246%Feb 3, 2025Yield to maturity4.271%Feb 6, 2025Yield to maturity4.214%Feb 11, 2025Yield to maturity4.296%Feb 14, 2025Yield to maturity4.265%Feb 20, 2025Yield to maturity4.278%Feb 25, 2025Yield to maturity4.090%Feb 28, 2025Yield to maturity3.987%Mar 5, 2025Yield to maturity3.999%Mar 10, 2025Yield to maturity3.895%Mar 13, 2025Yield to maturity3.935%Mar 18, 2025Yield to maturity4.019%Mar 21, 2025Yield to maturity3.927%Mar 26, 2025Yield to maturity4.013%Mar 31, 2025Yield to maturity3.891%Apr 3, 2025Yield to maturity3.711%Apr 8, 2025Yield to maturity3.706%Apr 11, 2025Yield to maturity3.955%Apr 16, 2025Yield to maturity3.772%Apr 21, 2025Yield to maturity3.737%Apr 24, 2025Yield to maturity3.794%Apr 29, 2025Yield to maturity3.652%May 2, 2025Yield to maturity3.831%May 7, 2025Yield to maturity3.781%May 12, 2025Yield to maturity3.994%May 15, 2025Yield to maturity3.961%May 20, 2025Yield to maturity3.957%May 23, 2025Yield to maturity3.999%May 29, 2025Yield to maturity3.949%Jun 3, 2025Yield to maturity3.961%Jun 6, 2025Yield to maturity4.038%Jun 11, 2025Yield to maturity3.939%Jun 16, 2025Yield to maturity3.967%Jun 20, 2025Yield to maturity3.896%Jun 25, 2025Yield to maturity3.794%Jun 30, 2025Yield to maturity3.738%Jul 3, 2025Yield to maturity3.915%Jul 9, 2025Yield to maturity3.878%Jul 14, 2025Yield to maturity3.906%Jul 17, 2025Yield to maturity3.937%Jul 22, 2025Yield to maturity3.847%Jul 25, 2025Yield to maturity3.927%Jul 30, 2025Yield to maturity3.959%Aug 4, 2025Yield to maturity3.711%Aug 7, 2025Yield to maturity3.742%Aug 12, 2025Yield to maturity3.753%Aug 15, 2025Yield to maturity3.782%Aug 20, 2025Yield to maturity3.760%Aug 25, 2025Yield to maturity3.754%Aug 28, 2025Yield to maturity3.696%Sep 3, 2025Yield to maturity3.652%Sep 8, 2025Yield to maturity3.535%Sep 11, 2025Yield to maturity3.567%Sep 16, 2025Yield to maturity3.541%Sep 19, 2025Yield to maturity3.607%Sep 24, 2025Yield to maturity3.639%Sep 29, 2025Yield to maturity3.670%Oct 2, 2025Yield to maturity3.571%Oct 7, 2025Yield to maturity3.601%Oct 10, 2025Yield to maturity3.553%Oct 16, 2025Yield to maturity3.451%Oct 21, 2025Yield to maturity3.481%Oct 24, 2025Yield to maturity3.511%Oct 29, 2025Yield to maturity3.624%Nov 3, 2025Yield to maturity3.636%Nov 6, 2025Yield to maturity3.591%Nov 12, 2025Yield to maturity3.602%Nov 17, 2025Yield to maturity3.634%Nov 20, 2025Yield to maturity3.588%Nov 25, 2025Yield to maturity3.518%Dec 1, 2025Yield to maturity3.590%Dec 4, 2025Yield to maturity3.564%Dec 9, 2025Yield to maturity3.619%Dec 12, 2025Yield to maturity3.546%Dec 17, 2025Yield to maturity3.497%Dec 22, 2025Yield to maturity3.508%Dec 26, 2025Yield to maturity3.496%Dec 31, 2025Yield to maturity3.487%Jan 6, 2026Yield to maturity3.477%Jan 9, 2026Yield to maturity3.533%Jan 14, 2026Yield to maturity3.527%Jan 20, 2026Yield to maturity3.605%Jan 23, 2026Yield to maturity3.595%Jan 28, 2026Yield to maturity3.589%Feb 2, 2026Yield to maturity3.556%Feb 5, 2026Yield to maturity3.478%Feb 10, 2026Yield to maturity3.467%Feb 13, 2026Yield to maturity3.453%Feb 19, 2026Yield to maturity3.494%Feb 24, 2026Yield to maturity3.507%Feb 27, 2026Yield to maturity3.471%Mar 4, 2026Yield to maturity3.588%Mar 9, 2026Yield to maturity3.602%Mar 12, 2026Yield to maturity3.748%Mar 17, 2026Yield to maturity3.713%Mar 20, 2026Yield to maturity3.938%Mar 25, 2026Yield to maturity3.907%Mar 30, 2026Yield to maturity3.846%Apr 2, 2026Yield to maturity3.814%Apr 7, 2026Yield to maturity3.805%Apr 10, 2026Yield to maturity3.796%Apr 15, 2026Yield to maturity3.763%Apr 20, 2026Yield to maturity3.725%Apr 23, 2026Yield to maturity3.803%Apr 28, 2026Yield to maturity3.794%May 1, 2026Yield to maturity3.813%May 6, 2026Yield to maturity3.807%May 11, 2026Yield to maturity3.856%May 14, 2026Yield to maturity3.880%May 19, 2026Yield to maturity3.931%May 22, 2026Yield to maturity3.981%May 28, 2026Yield to maturity3.916%Jun 2, 2026Yield to maturity3.938%Jun 5, 2026Yield to maturity3.992%Jun 10, 2026Yield to maturity3.988%Jun 15, 2026Yield to maturity3.947%Jun 18, 2026Yield to maturity4.099%Jun 24, 2026Yield to maturity4.094%Jun 29, 2026Yield to maturity4.086%Jul 2, 2026Yield to maturity4.076%Jul 8, 2026Yield to maturity4.106%Jul 13, 2026Yield to maturity4.167%Jul 16, 2026Yield to maturity4.058%Jul 21, 2026Yield to maturity4.120%Jul 24, 2026Yield to maturity4.184%Jul 29, 2026Yield to maturity4.143%Aug 3, 2026Yield to maturity4.136%Aug 6, 2026Yield to maturity4.093%Aug 11, 2026Yield to maturity4.085%Aug 14, 2026Yield to maturity3.999%Aug 19, 2026Yield to maturity3.992%Aug 24, 2026Yield to maturity4.021%Aug 27, 2026Yield to maturity4.015%Sep 1, 2026Yield to maturity4.167%Sep 4, 2026Yield to maturity4.116%Sep 9, 2026Yield to maturity4.112%

Price history

558 trading days to Sep 9, 2026

100.00100.50101.00101.50102.00102.50103.00103.50Jun 17, 2024Sep 9, 2026Jun 17, 2024Close100.344Jun 21, 2024Close100.469Jun 26, 2024Close100.250Jul 1, 2024Close100.094Jul 5, 2024Close100.625Jul 10, 2024Close100.594Jul 15, 2024Close101.031Jul 18, 2024Close101.031Jul 23, 2024Close100.969Jul 26, 2024Close101.156Jul 31, 2024Close101.406Aug 5, 2024Close102.469Aug 8, 2024Close101.938Aug 13, 2024Close102.281Aug 16, 2024Close101.969Aug 21, 2024Close102.313Aug 26, 2024Close102.281Aug 29, 2024Close102.250Sep 4, 2024Close102.563Sep 9, 2024Close102.844Sep 12, 2024Close102.906Sep 17, 2024Close102.969Sep 20, 2024Close102.969Sep 25, 2024Close102.906Sep 30, 2024Close102.656Oct 3, 2024Close102.531Oct 8, 2024Close101.844Oct 11, 2024Close101.906Oct 17, 2024Close101.813Oct 22, 2024Close101.594Oct 25, 2024Close101.406Oct 30, 2024Close101.219Nov 4, 2024Close101.188Nov 7, 2024Close101.125Nov 13, 2024Close100.875Nov 18, 2024Close100.875Nov 21, 2024Close100.750Nov 26, 2024Close100.938Dec 2, 2024Close101.125Dec 5, 2024Close101.219Dec 10, 2024Close101.188Dec 13, 2024Close100.938Dec 18, 2024Close100.625Dec 23, 2024Close100.625Dec 27, 2024Close100.625Jan 2, 2025Close100.844Jan 7, 2025Close100.719Jan 10, 2025Close100.438Jan 15, 2025Close100.719Jan 21, 2025Close100.719Jan 24, 2025Close100.719Jan 29, 2025Close100.844Feb 3, 2025Close100.781Feb 6, 2025Close100.906Feb 11, 2025Close100.719Feb 14, 2025Close100.781Feb 20, 2025Close100.750Feb 25, 2025Close101.156Feb 28, 2025Close101.375Mar 5, 2025Close101.344Mar 10, 2025Close101.563Mar 13, 2025Close101.469Mar 18, 2025Close101.281Mar 21, 2025Close101.469Mar 26, 2025Close101.281Mar 31, 2025Close101.531Apr 3, 2025Close101.906Apr 8, 2025Close101.906Apr 11, 2025Close101.375Apr 16, 2025Close101.750Apr 21, 2025Close101.813Apr 24, 2025Close101.688Apr 29, 2025Close101.969May 2, 2025Close101.594May 7, 2025Close101.688May 12, 2025Close101.250May 15, 2025Close101.313May 20, 2025Close101.313May 23, 2025Close101.219May 29, 2025Close101.313Jun 3, 2025Close101.281Jun 6, 2025Close101.125Jun 11, 2025Close101.313Jun 16, 2025Close101.250Jun 20, 2025Close101.375Jun 25, 2025Close101.563Jun 30, 2025Close101.656Jul 3, 2025Close101.313Jul 9, 2025Close101.375Jul 14, 2025Close101.313Jul 17, 2025Close101.250Jul 22, 2025Close101.406Jul 25, 2025Close101.250Jul 30, 2025Close101.188Aug 4, 2025Close101.625Aug 7, 2025Close101.563Aug 12, 2025Close101.531Aug 15, 2025Close101.469Aug 20, 2025Close101.500Aug 25, 2025Close101.500Aug 28, 2025Close101.594Sep 3, 2025Close101.656Sep 8, 2025Close101.844Sep 11, 2025Close101.781Sep 16, 2025Close101.813Sep 19, 2025Close101.688Sep 24, 2025Close101.625Sep 29, 2025Close101.563Oct 2, 2025Close101.719Oct 7, 2025Close101.656Oct 10, 2025Close101.719Oct 16, 2025Close101.875Oct 21, 2025Close101.813Oct 24, 2025Close101.750Oct 29, 2025Close101.563Nov 3, 2025Close101.531Nov 6, 2025Close101.594Nov 12, 2025Close101.563Nov 17, 2025Close101.500Nov 20, 2025Close101.563Nov 25, 2025Close101.656Dec 1, 2025Close101.531Dec 4, 2025Close101.563Dec 9, 2025Close101.469Dec 12, 2025Close101.563Dec 17, 2025Close101.625Dec 22, 2025Close101.594Dec 26, 2025Close101.594Dec 31, 2025Close101.594Jan 6, 2026Close101.594Jan 9, 2026Close101.500Jan 14, 2026Close101.500Jan 20, 2026Close101.375Jan 23, 2026Close101.375Jan 28, 2026Close101.375Feb 2, 2026Close101.406Feb 5, 2026Close101.500Feb 10, 2026Close101.500Feb 13, 2026Close101.500Feb 19, 2026Close101.438Feb 24, 2026Close101.406Feb 27, 2026Close101.438Mar 4, 2026Close101.281Mar 9, 2026Close101.250Mar 12, 2026Close101.063Mar 17, 2026Close101.094Mar 20, 2026Close100.813Mar 25, 2026Close100.844Mar 30, 2026Close100.906Apr 2, 2026Close100.938Apr 7, 2026Close100.938Apr 10, 2026Close100.938Apr 15, 2026Close100.969Apr 20, 2026Close101.000Apr 23, 2026Close100.906Apr 28, 2026Close100.906May 1, 2026Close100.875May 6, 2026Close100.875May 11, 2026Close100.813May 14, 2026Close100.781May 19, 2026Close100.719May 22, 2026Close100.656May 28, 2026Close100.719Jun 2, 2026Close100.688Jun 5, 2026Close100.625Jun 10, 2026Close100.625Jun 15, 2026Close100.656Jun 18, 2026Close100.500Jun 24, 2026Close100.500Jun 29, 2026Close100.500Jul 2, 2026Close100.500Jul 8, 2026Close100.469Jul 13, 2026Close100.406Jul 16, 2026Close100.500Jul 21, 2026Close100.438Jul 24, 2026Close100.375Jul 29, 2026Close100.406Aug 3, 2026Close100.406Aug 6, 2026Close100.438Aug 11, 2026Close100.438Aug 14, 2026Close100.500Aug 19, 2026Close100.500Aug 24, 2026Close100.469Aug 27, 2026Close100.469Sep 1, 2026Close100.344Sep 4, 2026Close100.375Sep 9, 2026Close100.375
The most recent 20 trading days of prices for 91282CKV2.
DateBidOfferClose
Sep 9, 2026100.375100.375100.375
Sep 8, 2026100.391100.375100.344
Sep 4, 2026100.375100.375100.375
Sep 3, 2026100.391100.375100.375
Sep 2, 2026100.359100.344100.344
Sep 1, 2026100.359100.344100.344
Aug 31, 2026100.391100.375100.344
Aug 28, 2026100.406100.375100.344
Aug 27, 2026100.484100.469100.469
Aug 26, 2026100.484100.469100.469
Aug 25, 2026100.484100.469100.469
Aug 24, 2026100.484100.469100.469
Aug 21, 2026100.484100.469100.469
Aug 20, 2026100.516100.500100.500
Aug 19, 2026100.500100.500100.500
Aug 18, 2026100.516100.500100.500
Aug 17, 2026100.516100.500100.500
Aug 14, 2026100.516100.500100.500
Aug 13, 2026100.516100.500100.500
Aug 12, 2026100.484100.469100.469

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 91282CKV2.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Jun 10, 2024Jun 17, 2024New issue$58.0bn$59.9bn2.43x4.659%

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.