Treasury note

91282CLG4 · 3.75% due August 15, 2027

Original term
3-Year
Maturity
Aug 15, 2027
Coupon
3.750%
Pays
Semi-Annual
Dated
Aug 15, 2024
First coupon
Feb 15, 2025
Priced through
Sep 9, 2026
Analyzed through
Sep 9, 2026

Statement of August 31, 2026

Amount outstanding
$65.83bn
Held stripped
$0.0m
Share stripped
0.00%

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
4.232%
Modified duration
0.901 yr
DV01
0.0090
Convexity
1.257
Dirty price
99.827

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 0.920 years against a modified duration of 0.901.

Against the fitted curve

Priced 1.9 bp cheap to the curve on that day, 1.72 cents per 100 of face.

That is 0.59 standard deviations from its own typical residual.

Yield to maturity, 517 observations

3.4%3.6%3.8%4.0%4.2%4.4%4.6%Aug 15, 2024Sep 9, 2026Aug 15, 2024Yield to maturity3.895%Aug 20, 2024Yield to maturity3.806%Aug 23, 2024Yield to maturity3.727%Aug 28, 2024Yield to maturity3.727%Sep 3, 2024Yield to maturity3.738%Sep 6, 2024Yield to maturity3.546%Sep 11, 2024Yield to maturity3.489%Sep 16, 2024Yield to maturity3.442%Sep 19, 2024Yield to maturity3.498%Sep 24, 2024Yield to maturity3.451%Sep 27, 2024Yield to maturity3.495%Oct 2, 2024Yield to maturity3.564%Oct 7, 2024Yield to maturity3.912%Oct 10, 2024Yield to maturity3.913%Oct 16, 2024Yield to maturity3.854%Oct 21, 2024Yield to maturity3.962%Oct 24, 2024Yield to maturity4.022%Oct 29, 2024Yield to maturity4.083%Nov 1, 2024Yield to maturity4.181%Nov 6, 2024Yield to maturity4.243%Nov 12, 2024Yield to maturity4.319%Nov 15, 2024Yield to maturity4.285%Nov 20, 2024Yield to maturity4.274%Nov 25, 2024Yield to maturity4.227%Nov 29, 2024Yield to maturity4.118%Dec 4, 2024Yield to maturity4.107%Dec 9, 2024Yield to maturity4.096%Dec 12, 2024Yield to maturity4.172%Dec 17, 2024Yield to maturity4.238%Dec 20, 2024Yield to maturity4.316%Dec 26, 2024Yield to maturity4.357%Dec 31, 2024Yield to maturity4.271%Jan 6, 2025Yield to maturity4.312%Jan 9, 2025Yield to maturity4.314%Jan 14, 2025Yield to maturity4.434%Jan 17, 2025Yield to maturity4.320%Jan 23, 2025Yield to maturity4.335%Jan 28, 2025Yield to maturity4.233%Jan 31, 2025Yield to maturity4.262%Feb 5, 2025Yield to maturity4.198%Feb 10, 2025Yield to maturity4.294%Feb 13, 2025Yield to maturity4.336%Feb 19, 2025Yield to maturity4.299%Feb 24, 2025Yield to maturity4.180%Feb 27, 2025Yield to maturity4.072%Mar 4, 2025Yield to maturity3.965%Mar 7, 2025Yield to maturity4.007%Mar 12, 2025Yield to maturity3.994%Mar 17, 2025Yield to maturity4.051%Mar 20, 2025Yield to maturity3.941%Mar 25, 2025Yield to maturity3.998%Mar 28, 2025Yield to maturity3.915%Apr 2, 2025Yield to maturity3.916%Apr 7, 2025Yield to maturity3.734%Apr 10, 2025Yield to maturity3.875%Apr 15, 2025Yield to maturity3.861%Apr 18, 2025Yield to maturity3.819%Apr 23, 2025Yield to maturity3.876%Apr 28, 2025Yield to maturity3.691%May 1, 2025Yield to maturity3.705%May 6, 2025Yield to maturity3.791%May 9, 2025Yield to maturity3.879%May 14, 2025Yield to maturity4.055%May 19, 2025Yield to maturity3.954%May 22, 2025Yield to maturity3.984%May 28, 2025Yield to maturity3.986%Jun 2, 2025Yield to maturity3.942%Jun 5, 2025Yield to maturity3.928%Jun 10, 2025Yield to maturity4.005%Jun 13, 2025Yield to maturity3.946%Jun 18, 2025Yield to maturity3.931%Jun 24, 2025Yield to maturity3.794%Jun 27, 2025Yield to maturity3.764%Jul 2, 2025Yield to maturity3.810%Jul 8, 2025Yield to maturity3.905%Jul 11, 2025Yield to maturity3.906%Jul 16, 2025Yield to maturity3.891%Jul 21, 2025Yield to maturity3.844%Jul 24, 2025Yield to maturity3.925%Jul 29, 2025Yield to maturity3.878%Aug 1, 2025Yield to maturity3.701%Aug 6, 2025Yield to maturity3.701%Aug 11, 2025Yield to maturity3.750%Aug 14, 2025Yield to maturity3.734%Aug 19, 2025Yield to maturity3.750%Aug 22, 2025Yield to maturity3.683%Aug 27, 2025Yield to maturity3.650%Sep 2, 2025Yield to maturity3.682%Sep 5, 2025Yield to maturity3.530%Sep 10, 2025Yield to maturity3.563%Sep 15, 2025Yield to maturity3.561%Sep 18, 2025Yield to maturity3.577%Sep 23, 2025Yield to maturity3.593%Sep 26, 2025Yield to maturity3.679%Oct 1, 2025Yield to maturity3.574%Oct 6, 2025Yield to maturity3.608%Oct 9, 2025Yield to maturity3.607%Oct 15, 2025Yield to maturity3.517%Oct 20, 2025Yield to maturity3.480%Oct 23, 2025Yield to maturity3.496%Oct 28, 2025Yield to maturity3.512%Oct 31, 2025Yield to maturity3.620%Nov 5, 2025Yield to maturity3.656%Nov 10, 2025Yield to maturity3.618%Nov 14, 2025Yield to maturity3.636%Nov 19, 2025Yield to maturity3.616%Nov 24, 2025Yield to maturity3.521%Nov 28, 2025Yield to maturity3.538%Dec 3, 2025Yield to maturity3.518%Dec 8, 2025Yield to maturity3.593%Dec 11, 2025Yield to maturity3.535%Dec 16, 2025Yield to maturity3.494%Dec 19, 2025Yield to maturity3.492%Dec 24, 2025Yield to maturity3.530%Dec 30, 2025Yield to maturity3.469%Jan 5, 2026Yield to maturity3.466%Jan 8, 2026Yield to maturity3.505%Jan 13, 2026Yield to maturity3.524%Jan 16, 2026Yield to maturity3.604%Jan 22, 2026Yield to maturity3.604%Jan 27, 2026Yield to maturity3.561%Jan 30, 2026Yield to maturity3.517%Feb 4, 2026Yield to maturity3.559%Feb 9, 2026Yield to maturity3.493%Feb 12, 2026Yield to maturity3.471%Feb 18, 2026Yield to maturity3.489%Feb 23, 2026Yield to maturity3.486%Feb 26, 2026Yield to maturity3.485%Mar 3, 2026Yield to maturity3.549%Mar 6, 2026Yield to maturity3.591%Mar 11, 2026Yield to maturity3.658%Mar 16, 2026Yield to maturity3.703%Mar 19, 2026Yield to maturity3.840%Mar 24, 2026Yield to maturity3.957%Mar 27, 2026Yield to maturity3.935%Apr 1, 2026Yield to maturity3.842%Apr 6, 2026Yield to maturity3.866%Apr 9, 2026Yield to maturity3.819%Apr 14, 2026Yield to maturity3.771%Apr 17, 2026Yield to maturity3.722%Apr 22, 2026Yield to maturity3.796%Apr 27, 2026Yield to maturity3.796%Apr 30, 2026Yield to maturity3.847%May 5, 2026Yield to maturity3.898%May 8, 2026Yield to maturity3.849%May 13, 2026Yield to maturity3.901%May 18, 2026Yield to maturity3.980%May 21, 2026Yield to maturity3.982%May 27, 2026Yield to maturity3.958%Jun 1, 2026Yield to maturity3.961%Jun 4, 2026Yield to maturity3.962%Jun 9, 2026Yield to maturity4.047%Jun 12, 2026Yield to maturity3.995%Jun 17, 2026Yield to maturity4.136%Jun 23, 2026Yield to maturity4.170%Jun 26, 2026Yield to maturity4.090%Jul 1, 2026Yield to maturity4.150%Jul 7, 2026Yield to maturity4.156%Jul 10, 2026Yield to maturity4.162%Jul 15, 2026Yield to maturity4.075%Jul 20, 2026Yield to maturity4.170%Jul 23, 2026Yield to maturity4.265%Jul 28, 2026Yield to maturity4.211%Jul 31, 2026Yield to maturity4.186%Aug 5, 2026Yield to maturity4.127%Aug 10, 2026Yield to maturity4.132%Aug 13, 2026Yield to maturity4.071%Aug 18, 2026Yield to maturity4.075%Aug 21, 2026Yield to maturity4.112%Aug 26, 2026Yield to maturity4.115%Aug 31, 2026Yield to maturity4.221%Sep 3, 2026Yield to maturity4.191%Sep 9, 2026Yield to maturity4.232%

Price history

517 trading days to Sep 9, 2026

98.0098.5099.0099.50100.00100.50101.00Aug 15, 2024Sep 9, 2026Aug 15, 2024Close99.594Aug 20, 2024Close99.844Aug 23, 2024Close100.063Aug 28, 2024Close100.063Sep 3, 2024Close100.031Sep 6, 2024Close100.563Sep 11, 2024Close100.719Sep 16, 2024Close100.844Sep 19, 2024Close100.688Sep 24, 2024Close100.813Sep 27, 2024Close100.688Oct 2, 2024Close100.500Oct 7, 2024Close99.563Oct 10, 2024Close99.563Oct 16, 2024Close99.719Oct 21, 2024Close99.438Oct 24, 2024Close99.281Oct 29, 2024Close99.125Nov 1, 2024Close98.875Nov 6, 2024Close98.719Nov 12, 2024Close98.531Nov 15, 2024Close98.625Nov 20, 2024Close98.656Nov 25, 2024Close98.781Nov 29, 2024Close99.063Dec 4, 2024Close99.094Dec 9, 2024Close99.125Dec 12, 2024Close98.938Dec 17, 2024Close98.781Dec 20, 2024Close98.594Dec 26, 2024Close98.500Dec 31, 2024Close98.719Jan 6, 2025Close98.625Jan 9, 2025Close98.625Jan 14, 2025Close98.344Jan 17, 2025Close98.625Jan 23, 2025Close98.594Jan 28, 2025Close98.844Jan 31, 2025Close98.781Feb 5, 2025Close98.938Feb 10, 2025Close98.719Feb 13, 2025Close98.625Feb 19, 2025Close98.719Feb 24, 2025Close99.000Feb 27, 2025Close99.250Mar 4, 2025Close99.500Mar 7, 2025Close99.406Mar 12, 2025Close99.438Mar 17, 2025Close99.313Mar 20, 2025Close99.563Mar 25, 2025Close99.438Mar 28, 2025Close99.625Apr 2, 2025Close99.625Apr 7, 2025Close100.031Apr 10, 2025Close99.719Apr 15, 2025Close99.750Apr 18, 2025Close99.844Apr 23, 2025Close99.719Apr 28, 2025Close100.125May 1, 2025Close100.094May 6, 2025Close99.906May 9, 2025Close99.719May 14, 2025Close99.344May 19, 2025Close99.563May 22, 2025Close99.500May 28, 2025Close99.500Jun 2, 2025Close99.594Jun 5, 2025Close99.625Jun 10, 2025Close99.469Jun 13, 2025Close99.594Jun 18, 2025Close99.625Jun 24, 2025Close99.906Jun 27, 2025Close99.969Jul 2, 2025Close99.875Jul 8, 2025Close99.688Jul 11, 2025Close99.688Jul 16, 2025Close99.719Jul 21, 2025Close99.813Jul 24, 2025Close99.656Jul 29, 2025Close99.750Aug 1, 2025Close100.094Aug 6, 2025Close100.094Aug 11, 2025Close100.000Aug 14, 2025Close100.031Aug 19, 2025Close100.000Aug 22, 2025Close100.125Aug 27, 2025Close100.188Sep 2, 2025Close100.125Sep 5, 2025Close100.406Sep 10, 2025Close100.344Sep 15, 2025Close100.344Sep 18, 2025Close100.313Sep 23, 2025Close100.281Sep 26, 2025Close100.125Oct 1, 2025Close100.313Oct 6, 2025Close100.250Oct 9, 2025Close100.250Oct 15, 2025Close100.406Oct 20, 2025Close100.469Oct 23, 2025Close100.438Oct 28, 2025Close100.406Oct 31, 2025Close100.219Nov 5, 2025Close100.156Nov 10, 2025Close100.219Nov 14, 2025Close100.188Nov 19, 2025Close100.219Nov 24, 2025Close100.375Nov 28, 2025Close100.344Dec 3, 2025Close100.375Dec 8, 2025Close100.250Dec 11, 2025Close100.344Dec 16, 2025Close100.406Dec 19, 2025Close100.406Dec 24, 2025Close100.344Dec 30, 2025Close100.438Jan 5, 2026Close100.438Jan 8, 2026Close100.375Jan 13, 2026Close100.344Jan 16, 2026Close100.219Jan 22, 2026Close100.219Jan 27, 2026Close100.281Jan 30, 2026Close100.344Feb 4, 2026Close100.281Feb 9, 2026Close100.375Feb 12, 2026Close100.406Feb 18, 2026Close100.375Feb 23, 2026Close100.375Feb 26, 2026Close100.375Mar 3, 2026Close100.281Mar 6, 2026Close100.219Mar 11, 2026Close100.125Mar 16, 2026Close100.063Mar 19, 2026Close99.875Mar 24, 2026Close99.719Mar 27, 2026Close99.750Apr 1, 2026Close99.875Apr 6, 2026Close99.844Apr 9, 2026Close99.906Apr 14, 2026Close99.969Apr 17, 2026Close100.031Apr 22, 2026Close99.938Apr 27, 2026Close99.938Apr 30, 2026Close99.875May 5, 2026Close99.813May 8, 2026Close99.875May 13, 2026Close99.813May 18, 2026Close99.719May 21, 2026Close99.719May 27, 2026Close99.750Jun 1, 2026Close99.750Jun 4, 2026Close99.750Jun 9, 2026Close99.656Jun 12, 2026Close99.719Jun 17, 2026Close99.563Jun 23, 2026Close99.531Jun 26, 2026Close99.625Jul 1, 2026Close99.563Jul 7, 2026Close99.563Jul 10, 2026Close99.563Jul 15, 2026Close99.656Jul 20, 2026Close99.563Jul 23, 2026Close99.469Jul 28, 2026Close99.531Jul 31, 2026Close99.563Aug 5, 2026Close99.625Aug 10, 2026Close99.625Aug 13, 2026Close99.688Aug 18, 2026Close99.688Aug 21, 2026Close99.656Aug 26, 2026Close99.656Aug 31, 2026Close99.563Sep 3, 2026Close99.594Sep 9, 2026Close99.563
The most recent 20 trading days of prices for 91282CLG4.
DateBidOfferClose
Sep 9, 202699.57899.56399.563
Sep 8, 202699.60999.59499.563
Sep 4, 202699.59499.59499.594
Sep 3, 202699.62599.62599.594
Sep 2, 202699.57899.56399.563
Sep 1, 202699.56399.56399.531
Aug 31, 202699.57899.56399.563
Aug 28, 202699.57899.56399.563
Aug 27, 202699.67299.65699.656
Aug 26, 202699.67299.65699.656
Aug 25, 202699.67299.65699.656
Aug 24, 202699.67299.65699.625
Aug 21, 202699.67299.65699.656
Aug 20, 202699.70399.68899.688
Aug 19, 202699.70399.68899.688
Aug 18, 202699.70399.68899.688
Aug 17, 202699.70399.68899.688
Aug 14, 202699.70399.68899.688
Aug 13, 202699.70399.68899.688
Aug 12, 202699.67299.65699.656

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 91282CLG4.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Aug 6, 2024Aug 15, 2024New issue$58.0bn$69.0bn2.55x3.810%

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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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.