Treasury note

91282CLJ8 · 3.75% due August 31, 2031

Original term
7-Year
Maturity
Aug 31, 2031
Coupon
3.750%
Pays
Semi-Annual
Dated
Aug 31, 2024
First coupon
Feb 28, 2025
Priced through
Sep 9, 2026
Analyzed through
Sep 9, 2026

Statement of August 31, 2026

Amount outstanding
$47.42bn
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
4.624%
Modified duration
4.465 yr
DV01
0.0430
Convexity
23.207
Dirty price
96.260

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 4.567 years against a modified duration of 4.465.

Against the fitted curve

Priced 0.6 bp cheap to the curve on that day, 2.75 cents per 100 of face.

That is 0.31 standard deviations from its own typical residual.

Yield to maturity, 505 observations

3.50%3.75%4.00%4.25%4.50%4.75%Sep 3, 2024Sep 9, 2026Sep 3, 2024Yield to maturity3.735%Sep 6, 2024Yield to maturity3.602%Sep 11, 2024Yield to maturity3.536%Sep 16, 2024Yield to maturity3.505%Sep 19, 2024Yield to maturity3.601%Sep 24, 2024Yield to maturity3.596%Sep 27, 2024Yield to maturity3.611%Oct 2, 2024Yield to maturity3.646%Oct 7, 2024Yield to maturity3.932%Oct 10, 2024Yield to maturity3.996%Oct 16, 2024Yield to maturity3.922%Oct 21, 2024Yield to maturity4.076%Oct 24, 2024Yield to maturity4.119%Oct 29, 2024Yield to maturity4.190%Nov 1, 2024Yield to maturity4.304%Nov 6, 2024Yield to maturity4.376%Nov 12, 2024Yield to maturity4.393%Nov 15, 2024Yield to maturity4.367%Nov 20, 2024Yield to maturity4.346%Nov 25, 2024Yield to maturity4.216%Nov 29, 2024Yield to maturity4.119%Dec 4, 2024Yield to maturity4.130%Dec 9, 2024Yield to maturity4.131%Dec 12, 2024Yield to maturity4.251%Dec 17, 2024Yield to maturity4.324%Dec 20, 2024Yield to maturity4.447%Dec 26, 2024Yield to maturity4.499%Dec 31, 2024Yield to maturity4.478%Jan 6, 2025Yield to maturity4.519%Jan 9, 2025Yield to maturity4.571%Jan 14, 2025Yield to maturity4.692%Jan 17, 2025Yield to maturity4.512%Jan 23, 2025Yield to maturity4.547%Jan 28, 2025Yield to maturity4.429%Jan 31, 2025Yield to maturity4.470%Feb 5, 2025Yield to maturity4.329%Feb 10, 2025Yield to maturity4.416%Feb 13, 2025Yield to maturity4.456%Feb 19, 2025Yield to maturity4.452%Feb 24, 2025Yield to maturity4.311%Feb 27, 2025Yield to maturity4.188%Mar 4, 2025Yield to maturity4.104%Mar 7, 2025Yield to maturity4.195%Mar 12, 2025Yield to maturity4.190%Mar 17, 2025Yield to maturity4.202%Mar 20, 2025Yield to maturity4.106%Mar 25, 2025Yield to maturity4.169%Mar 28, 2025Yield to maturity4.102%Apr 2, 2025Yield to maturity4.051%Apr 7, 2025Yield to maturity3.945%Apr 10, 2025Yield to maturity4.188%Apr 15, 2025Yield to maturity4.132%Apr 18, 2025Yield to maturity4.104%Apr 23, 2025Yield to maturity4.173%Apr 28, 2025Yield to maturity3.974%May 1, 2025Yield to maturity3.975%May 6, 2025Yield to maturity4.055%May 9, 2025Yield to maturity4.141%May 14, 2025Yield to maturity4.304%May 19, 2025Yield to maturity4.212%May 22, 2025Yield to maturity4.265%May 28, 2025Yield to maturity4.208%Jun 2, 2025Yield to maturity4.168%Jun 5, 2025Yield to maturity4.134%Jun 10, 2025Yield to maturity4.216%Jun 13, 2025Yield to maturity4.147%Jun 18, 2025Yield to maturity4.107%Jun 24, 2025Yield to maturity3.991%Jun 27, 2025Yield to maturity3.968%Jul 2, 2025Yield to maturity3.998%Jul 8, 2025Yield to maturity4.115%Jul 11, 2025Yield to maturity4.116%Jul 16, 2025Yield to maturity4.122%Jul 21, 2025Yield to maturity4.046%Jul 24, 2025Yield to maturity4.100%Jul 29, 2025Yield to maturity4.024%Aug 1, 2025Yield to maturity3.889%Aug 6, 2025Yield to maturity3.884%Aug 11, 2025Yield to maturity3.943%Aug 14, 2025Yield to maturity3.943%Aug 19, 2025Yield to maturity3.944%Aug 22, 2025Yield to maturity3.885%Aug 27, 2025Yield to maturity3.844%Sep 2, 2025Yield to maturity3.874%Sep 5, 2025Yield to maturity3.703%Sep 10, 2025Yield to maturity3.691%Sep 15, 2025Yield to maturity3.703%Sep 18, 2025Yield to maturity3.767%Sep 23, 2025Yield to maturity3.779%Sep 26, 2025Yield to maturity3.875%Oct 1, 2025Yield to maturity3.785%Oct 6, 2025Yield to maturity3.851%Oct 9, 2025Yield to maturity3.833%Oct 15, 2025Yield to maturity3.725%Oct 20, 2025Yield to maturity3.672%Oct 23, 2025Yield to maturity3.695%Oct 28, 2025Yield to maturity3.695%Oct 31, 2025Yield to maturity3.797%Nov 5, 2025Yield to maturity3.852%Nov 10, 2025Yield to maturity3.798%Nov 14, 2025Yield to maturity3.822%Nov 19, 2025Yield to maturity3.786%Nov 24, 2025Yield to maturity3.688%Nov 28, 2025Yield to maturity3.676%Dec 3, 2025Yield to maturity3.706%Dec 8, 2025Yield to maturity3.829%Dec 11, 2025Yield to maturity3.798%Dec 16, 2025Yield to maturity3.780%Dec 19, 2025Yield to maturity3.786%Dec 24, 2025Yield to maturity3.817%Dec 30, 2025Yield to maturity3.762%Jan 5, 2026Yield to maturity3.786%Jan 8, 2026Yield to maturity3.811%Jan 13, 2026Yield to maturity3.818%Jan 16, 2026Yield to maturity3.893%Jan 22, 2026Yield to maturity3.919%Jan 27, 2026Yield to maturity3.894%Jan 30, 2026Yield to maturity3.875%Feb 4, 2026Yield to maturity3.914%Feb 9, 2026Yield to maturity3.819%Feb 12, 2026Yield to maturity3.743%Feb 18, 2026Yield to maturity3.725%Feb 23, 2026Yield to maturity3.649%Feb 26, 2026Yield to maturity3.649%Mar 3, 2026Yield to maturity3.693%Mar 6, 2026Yield to maturity3.788%Mar 11, 2026Yield to maturity3.846%Mar 16, 2026Yield to maturity3.872%Mar 19, 2026Yield to maturity3.943%Mar 24, 2026Yield to maturity4.086%Mar 27, 2026Yield to maturity4.126%Apr 1, 2026Yield to maturity4.022%Apr 6, 2026Yield to maturity4.035%Apr 9, 2026Yield to maturity3.970%Apr 14, 2026Yield to maturity3.925%Apr 17, 2026Yield to maturity3.899%Apr 22, 2026Yield to maturity3.965%Apr 27, 2026Yield to maturity4.005%Apr 30, 2026Yield to maturity4.065%May 5, 2026Yield to maturity4.119%May 8, 2026Yield to maturity4.060%May 13, 2026Yield to maturity4.154%May 18, 2026Yield to maturity4.303%May 21, 2026Yield to maturity4.284%May 27, 2026Yield to maturity4.210%Jun 1, 2026Yield to maturity4.211%Jun 4, 2026Yield to maturity4.219%Jun 9, 2026Yield to maturity4.281%Jun 12, 2026Yield to maturity4.242%Jun 17, 2026Yield to maturity4.290%Jun 23, 2026Yield to maturity4.292%Jun 26, 2026Yield to maturity4.149%Jul 1, 2026Yield to maturity4.260%Jul 7, 2026Yield to maturity4.296%Jul 10, 2026Yield to maturity4.325%Jul 15, 2026Yield to maturity4.277%Jul 20, 2026Yield to maturity4.341%Jul 23, 2026Yield to maturity4.483%Jul 28, 2026Yield to maturity4.379%Jul 31, 2026Yield to maturity4.465%Aug 5, 2026Yield to maturity4.353%Aug 10, 2026Yield to maturity4.425%Aug 13, 2026Yield to maturity4.334%Aug 18, 2026Yield to maturity4.393%Aug 21, 2026Yield to maturity4.444%Aug 26, 2026Yield to maturity4.395%Aug 31, 2026Yield to maturity4.512%Sep 3, 2026Yield to maturity4.527%Sep 9, 2026Yield to maturity4.624%

Price history

505 trading days to Sep 9, 2026

949698100102Sep 3, 2024Sep 9, 2026Sep 3, 2024Close100.094Sep 6, 2024Close100.906Sep 11, 2024Close101.313Sep 16, 2024Close101.500Sep 19, 2024Close100.906Sep 24, 2024Close100.938Sep 27, 2024Close100.844Oct 2, 2024Close100.625Oct 7, 2024Close98.906Oct 10, 2024Close98.531Oct 16, 2024Close98.969Oct 21, 2024Close98.063Oct 24, 2024Close97.813Oct 29, 2024Close97.406Nov 1, 2024Close96.750Nov 6, 2024Close96.344Nov 12, 2024Close96.250Nov 15, 2024Close96.406Nov 20, 2024Close96.531Nov 25, 2024Close97.281Nov 29, 2024Close97.844Dec 4, 2024Close97.781Dec 9, 2024Close97.781Dec 12, 2024Close97.094Dec 17, 2024Close96.688Dec 20, 2024Close96.000Dec 26, 2024Close95.719Dec 31, 2024Close95.844Jan 6, 2025Close95.625Jan 9, 2025Close95.344Jan 14, 2025Close94.688Jan 17, 2025Close95.688Jan 23, 2025Close95.500Jan 28, 2025Close96.156Jan 31, 2025Close95.938Feb 5, 2025Close96.719Feb 10, 2025Close96.250Feb 13, 2025Close96.031Feb 19, 2025Close96.063Feb 24, 2025Close96.844Feb 27, 2025Close97.531Mar 4, 2025Close98.000Mar 7, 2025Close97.500Mar 12, 2025Close97.531Mar 17, 2025Close97.469Mar 20, 2025Close98.000Mar 25, 2025Close97.656Mar 28, 2025Close98.031Apr 2, 2025Close98.313Apr 7, 2025Close98.906Apr 10, 2025Close97.563Apr 15, 2025Close97.875Apr 18, 2025Close98.031Apr 23, 2025Close97.656Apr 28, 2025Close98.750May 1, 2025Close98.750May 6, 2025Close98.313May 9, 2025Close97.844May 14, 2025Close96.969May 19, 2025Close97.469May 22, 2025Close97.188May 28, 2025Close97.500Jun 2, 2025Close97.719Jun 5, 2025Close97.906Jun 10, 2025Close97.469Jun 13, 2025Close97.844Jun 18, 2025Close98.063Jun 24, 2025Close98.688Jun 27, 2025Close98.813Jul 2, 2025Close98.656Jul 8, 2025Close98.031Jul 11, 2025Close98.031Jul 16, 2025Close98.000Jul 21, 2025Close98.406Jul 24, 2025Close98.125Jul 29, 2025Close98.531Aug 1, 2025Close99.250Aug 6, 2025Close99.281Aug 11, 2025Close98.969Aug 14, 2025Close98.969Aug 19, 2025Close98.969Aug 22, 2025Close99.281Aug 27, 2025Close99.500Sep 2, 2025Close99.344Sep 5, 2025Close100.250Sep 10, 2025Close100.313Sep 15, 2025Close100.250Sep 18, 2025Close99.906Sep 23, 2025Close99.844Sep 26, 2025Close99.344Oct 1, 2025Close99.813Oct 6, 2025Close99.469Oct 9, 2025Close99.563Oct 15, 2025Close100.125Oct 20, 2025Close100.406Oct 23, 2025Close100.281Oct 28, 2025Close100.281Oct 31, 2025Close99.750Nov 5, 2025Close99.469Nov 10, 2025Close99.750Nov 14, 2025Close99.625Nov 19, 2025Close99.813Nov 24, 2025Close100.313Nov 28, 2025Close100.375Dec 3, 2025Close100.219Dec 8, 2025Close99.594Dec 11, 2025Close99.750Dec 16, 2025Close99.844Dec 19, 2025Close99.813Dec 24, 2025Close99.656Dec 30, 2025Close99.938Jan 5, 2026Close99.813Jan 8, 2026Close99.688Jan 13, 2026Close99.656Jan 16, 2026Close99.281Jan 22, 2026Close99.156Jan 27, 2026Close99.281Jan 30, 2026Close99.375Feb 4, 2026Close99.188Feb 9, 2026Close99.656Feb 12, 2026Close100.031Feb 18, 2026Close100.125Feb 23, 2026Close100.500Feb 26, 2026Close100.500Mar 3, 2026Close100.281Mar 6, 2026Close99.813Mar 11, 2026Close99.531Mar 16, 2026Close99.406Mar 19, 2026Close99.063Mar 24, 2026Close98.375Mar 27, 2026Close98.188Apr 1, 2026Close98.688Apr 6, 2026Close98.625Apr 9, 2026Close98.938Apr 14, 2026Close99.156Apr 17, 2026Close99.281Apr 22, 2026Close98.969Apr 27, 2026Close98.781Apr 30, 2026Close98.500May 5, 2026Close98.250May 8, 2026Close98.531May 13, 2026Close98.094May 18, 2026Close97.406May 21, 2026Close97.500May 27, 2026Close97.844Jun 1, 2026Close97.844Jun 4, 2026Close97.813Jun 9, 2026Close97.531Jun 12, 2026Close97.719Jun 17, 2026Close97.500Jun 23, 2026Close97.500Jun 26, 2026Close98.156Jul 1, 2026Close97.656Jul 7, 2026Close97.500Jul 10, 2026Close97.375Jul 15, 2026Close97.594Jul 20, 2026Close97.313Jul 23, 2026Close96.688Jul 28, 2026Close97.156Jul 31, 2026Close96.781Aug 5, 2026Close97.281Aug 10, 2026Close96.969Aug 13, 2026Close97.375Aug 18, 2026Close97.125Aug 21, 2026Close96.906Aug 26, 2026Close97.125Aug 31, 2026Close96.625Sep 3, 2026Close96.563Sep 9, 2026Close96.156
The most recent 20 trading days of prices for 91282CLJ8.
DateBidOfferClose
Sep 9, 202696.17296.15696.156
Sep 8, 202696.39196.37596.344
Sep 4, 202696.48496.46996.438
Sep 3, 202696.64196.62596.563
Sep 2, 202696.39196.37596.406
Sep 1, 202696.51696.50096.375
Aug 31, 202696.64196.62596.625
Aug 28, 202696.79796.78196.656
Aug 27, 202697.17297.15697.063
Aug 26, 202697.14197.12597.125
Aug 25, 202697.23497.21997.250
Aug 24, 202697.04797.03196.969
Aug 21, 202696.89196.87596.906
Aug 20, 202697.07897.06397.094
Aug 19, 202697.20397.18897.250
Aug 18, 202697.14197.12597.125
Aug 17, 202697.17297.15697.094
Aug 14, 202697.26697.25097.188
Aug 13, 202697.35997.34497.375
Aug 12, 202697.20397.18897.125

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 91282CLJ8.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Aug 29, 2024Sep 3, 2024New issue$44.0bn$47.5bn2.50x3.770%

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.