Treasury note

91282CLK5 · 3.625% due August 31, 2029

Original term
5-Year
Maturity
Aug 31, 2029
Coupon
3.625%
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
$75.54bn
Held stripped
$232.0m
Share stripped
0.31%

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
4.522%
Modified duration
2.777 yr
DV01
0.0271
Convexity
9.288
Dirty price
97.631

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 2.840 years against a modified duration of 2.777.

Against the fitted curve

Priced 1.3 bp rich to the curve on that day, 3.40 cents per 100 of face.

That is -0.85 standard deviations from its own typical residual.

Yield to maturity, 505 observations

3.25%3.50%3.75%4.00%4.25%4.50%4.75%Sep 3, 2024Sep 9, 2026Sep 3, 2024Yield to maturity3.653%Sep 6, 2024Yield to maturity3.501%Sep 11, 2024Yield to maturity3.445%Sep 16, 2024Yield to maturity3.410%Sep 19, 2024Yield to maturity3.493%Sep 24, 2024Yield to maturity3.472%Sep 27, 2024Yield to maturity3.492%Oct 2, 2024Yield to maturity3.541%Oct 7, 2024Yield to maturity3.858%Oct 10, 2024Yield to maturity3.908%Oct 16, 2024Yield to maturity3.837%Oct 21, 2024Yield to maturity3.967%Oct 24, 2024Yield to maturity4.025%Oct 29, 2024Yield to maturity4.099%Nov 1, 2024Yield to maturity4.210%Nov 6, 2024Yield to maturity4.269%Nov 12, 2024Yield to maturity4.316%Nov 15, 2024Yield to maturity4.295%Nov 20, 2024Yield to maturity4.274%Nov 25, 2024Yield to maturity4.179%Nov 29, 2024Yield to maturity4.070%Dec 4, 2024Yield to maturity4.078%Dec 9, 2024Yield to maturity4.079%Dec 12, 2024Yield to maturity4.184%Dec 17, 2024Yield to maturity4.261%Dec 20, 2024Yield to maturity4.376%Dec 26, 2024Yield to maturity4.424%Dec 31, 2024Yield to maturity4.388%Jan 6, 2025Yield to maturity4.421%Jan 9, 2025Yield to maturity4.453%Jan 14, 2025Yield to maturity4.587%Jan 17, 2025Yield to maturity4.412%Jan 23, 2025Yield to maturity4.444%Jan 28, 2025Yield to maturity4.330%Jan 31, 2025Yield to maturity4.363%Feb 5, 2025Yield to maturity4.241%Feb 10, 2025Yield to maturity4.343%Feb 13, 2025Yield to maturity4.392%Feb 19, 2025Yield to maturity4.363%Feb 24, 2025Yield to maturity4.224%Feb 27, 2025Yield to maturity4.093%Mar 4, 2025Yield to maturity4.001%Mar 7, 2025Yield to maturity4.080%Mar 12, 2025Yield to maturity4.073%Mar 17, 2025Yield to maturity4.097%Mar 20, 2025Yield to maturity3.996%Mar 25, 2025Yield to maturity4.052%Mar 28, 2025Yield to maturity3.967%Apr 2, 2025Yield to maturity3.936%Apr 7, 2025Yield to maturity3.796%Apr 10, 2025Yield to maturity4.008%Apr 15, 2025Yield to maturity3.954%Apr 18, 2025Yield to maturity3.907%Apr 23, 2025Yield to maturity3.971%Apr 28, 2025Yield to maturity3.774%May 1, 2025Yield to maturity3.782%May 6, 2025Yield to maturity3.862%May 9, 2025Yield to maturity3.967%May 14, 2025Yield to maturity4.145%May 19, 2025Yield to maturity4.041%May 22, 2025Yield to maturity4.082%May 28, 2025Yield to maturity4.035%Jun 2, 2025Yield to maturity3.987%Jun 5, 2025Yield to maturity3.972%Jun 10, 2025Yield to maturity4.055%Jun 13, 2025Yield to maturity3.990%Jun 18, 2025Yield to maturity3.950%Jun 24, 2025Yield to maturity3.820%Jun 27, 2025Yield to maturity3.787%Jul 2, 2025Yield to maturity3.829%Jul 8, 2025Yield to maturity3.946%Jul 11, 2025Yield to maturity3.947%Jul 16, 2025Yield to maturity3.939%Jul 21, 2025Yield to maturity3.865%Jul 24, 2025Yield to maturity3.932%Jul 29, 2025Yield to maturity3.866%Aug 1, 2025Yield to maturity3.725%Aug 6, 2025Yield to maturity3.716%Aug 11, 2025Yield to maturity3.792%Aug 14, 2025Yield to maturity3.776%Aug 19, 2025Yield to maturity3.777%Aug 22, 2025Yield to maturity3.709%Aug 27, 2025Yield to maturity3.659%Sep 2, 2025Yield to maturity3.684%Sep 5, 2025Yield to maturity3.540%Sep 10, 2025Yield to maturity3.548%Sep 15, 2025Yield to maturity3.565%Sep 18, 2025Yield to maturity3.616%Sep 23, 2025Yield to maturity3.624%Sep 26, 2025Yield to maturity3.728%Oct 1, 2025Yield to maturity3.624%Oct 6, 2025Yield to maturity3.694%Oct 9, 2025Yield to maturity3.676%Oct 15, 2025Yield to maturity3.572%Oct 20, 2025Yield to maturity3.528%Oct 23, 2025Yield to maturity3.554%Oct 28, 2025Yield to maturity3.554%Oct 31, 2025Yield to maturity3.659%Nov 5, 2025Yield to maturity3.713%Nov 10, 2025Yield to maturity3.659%Nov 14, 2025Yield to maturity3.677%Nov 19, 2025Yield to maturity3.651%Nov 24, 2025Yield to maturity3.552%Nov 28, 2025Yield to maturity3.543%Dec 3, 2025Yield to maturity3.552%Dec 8, 2025Yield to maturity3.678%Dec 11, 2025Yield to maturity3.633%Dec 16, 2025Yield to maturity3.597%Dec 19, 2025Yield to maturity3.606%Dec 24, 2025Yield to maturity3.642%Dec 30, 2025Yield to maturity3.578%Jan 5, 2026Yield to maturity3.606%Jan 8, 2026Yield to maturity3.633%Jan 13, 2026Yield to maturity3.643%Jan 16, 2026Yield to maturity3.727%Jan 22, 2026Yield to maturity3.746%Jan 27, 2026Yield to maturity3.709%Jan 30, 2026Yield to maturity3.681%Feb 4, 2026Yield to maturity3.719%Feb 9, 2026Yield to maturity3.625%Feb 12, 2026Yield to maturity3.568%Feb 18, 2026Yield to maturity3.549%Feb 23, 2026Yield to maturity3.491%Feb 26, 2026Yield to maturity3.501%Mar 3, 2026Yield to maturity3.548%Mar 6, 2026Yield to maturity3.634%Mar 11, 2026Yield to maturity3.702%Mar 16, 2026Yield to maturity3.732%Mar 19, 2026Yield to maturity3.830%Mar 24, 2026Yield to maturity3.978%Mar 27, 2026Yield to maturity3.989%Apr 1, 2026Yield to maturity3.881%Apr 6, 2026Yield to maturity3.912%Apr 9, 2026Yield to maturity3.832%Apr 14, 2026Yield to maturity3.793%Apr 17, 2026Yield to maturity3.754%Apr 22, 2026Yield to maturity3.834%Apr 27, 2026Yield to maturity3.855%Apr 30, 2026Yield to maturity3.937%May 5, 2026Yield to maturity3.999%May 8, 2026Yield to maturity3.949%May 13, 2026Yield to maturity4.043%May 18, 2026Yield to maturity4.179%May 21, 2026Yield to maturity4.170%May 27, 2026Yield to maturity4.110%Jun 1, 2026Yield to maturity4.122%Jun 4, 2026Yield to maturity4.123%Jun 9, 2026Yield to maturity4.199%Jun 12, 2026Yield to maturity4.149%Jun 17, 2026Yield to maturity4.246%Jun 23, 2026Yield to maturity4.238%Jun 26, 2026Yield to maturity4.101%Jul 1, 2026Yield to maturity4.199%Jul 7, 2026Yield to maturity4.223%Jul 10, 2026Yield to maturity4.248%Jul 15, 2026Yield to maturity4.184%Jul 20, 2026Yield to maturity4.263%Jul 23, 2026Yield to maturity4.408%Jul 28, 2026Yield to maturity4.322%Jul 31, 2026Yield to maturity4.370%Aug 5, 2026Yield to maturity4.261%Aug 10, 2026Yield to maturity4.330%Aug 13, 2026Yield to maturity4.232%Aug 18, 2026Yield to maturity4.268%Aug 21, 2026Yield to maturity4.327%Aug 26, 2026Yield to maturity4.295%Aug 31, 2026Yield to maturity4.412%Sep 3, 2026Yield to maturity4.426%Sep 9, 2026Yield to maturity4.522%

Price history

505 trading days to Sep 9, 2026

9596979899100101Sep 3, 2024Sep 9, 2026Sep 3, 2024Close99.875Sep 6, 2024Close100.563Sep 11, 2024Close100.813Sep 16, 2024Close100.969Sep 19, 2024Close100.594Sep 24, 2024Close100.688Sep 27, 2024Close100.594Oct 2, 2024Close100.375Oct 7, 2024Close98.969Oct 10, 2024Close98.750Oct 16, 2024Close99.063Oct 21, 2024Close98.500Oct 24, 2024Close98.250Oct 29, 2024Close97.938Nov 1, 2024Close97.469Nov 6, 2024Close97.219Nov 12, 2024Close97.031Nov 15, 2024Close97.125Nov 20, 2024Close97.219Nov 25, 2024Close97.625Nov 29, 2024Close98.094Dec 4, 2024Close98.063Dec 9, 2024Close98.063Dec 12, 2024Close97.625Dec 17, 2024Close97.313Dec 20, 2024Close96.844Dec 26, 2024Close96.656Dec 31, 2024Close96.813Jan 6, 2025Close96.688Jan 9, 2025Close96.563Jan 14, 2025Close96.031Jan 17, 2025Close96.750Jan 23, 2025Close96.625Jan 28, 2025Close97.094Jan 31, 2025Close96.969Feb 5, 2025Close97.469Feb 10, 2025Close97.063Feb 13, 2025Close96.875Feb 19, 2025Close97.000Feb 24, 2025Close97.563Feb 27, 2025Close98.094Mar 4, 2025Close98.469Mar 7, 2025Close98.156Mar 12, 2025Close98.188Mar 17, 2025Close98.094Mar 20, 2025Close98.500Mar 25, 2025Close98.281Mar 28, 2025Close98.625Apr 2, 2025Close98.750Apr 7, 2025Close99.313Apr 10, 2025Close98.469Apr 15, 2025Close98.688Apr 18, 2025Close98.875Apr 23, 2025Close98.625Apr 28, 2025Close99.406May 1, 2025Close99.375May 6, 2025Close99.063May 9, 2025Close98.656May 14, 2025Close97.969May 19, 2025Close98.375May 22, 2025Close98.219May 28, 2025Close98.406Jun 2, 2025Close98.594Jun 5, 2025Close98.656Jun 10, 2025Close98.344Jun 13, 2025Close98.594Jun 18, 2025Close98.750Jun 24, 2025Close99.250Jun 27, 2025Close99.375Jul 2, 2025Close99.219Jul 8, 2025Close98.781Jul 11, 2025Close98.781Jul 16, 2025Close98.813Jul 21, 2025Close99.094Jul 24, 2025Close98.844Jul 29, 2025Close99.094Aug 1, 2025Close99.625Aug 6, 2025Close99.656Aug 11, 2025Close99.375Aug 14, 2025Close99.438Aug 19, 2025Close99.438Aug 22, 2025Close99.688Aug 27, 2025Close99.875Sep 2, 2025Close99.781Sep 5, 2025Close100.313Sep 10, 2025Close100.281Sep 15, 2025Close100.219Sep 18, 2025Close100.031Sep 23, 2025Close100.000Sep 26, 2025Close99.625Oct 1, 2025Close100.000Oct 6, 2025Close99.750Oct 9, 2025Close99.813Oct 15, 2025Close100.188Oct 20, 2025Close100.344Oct 23, 2025Close100.250Oct 28, 2025Close100.250Oct 31, 2025Close99.875Nov 5, 2025Close99.688Nov 10, 2025Close99.875Nov 14, 2025Close99.813Nov 19, 2025Close99.906Nov 24, 2025Close100.250Nov 28, 2025Close100.281Dec 3, 2025Close100.250Dec 8, 2025Close99.813Dec 11, 2025Close99.969Dec 16, 2025Close100.094Dec 19, 2025Close100.063Dec 24, 2025Close99.938Dec 30, 2025Close100.156Jan 5, 2026Close100.063Jan 8, 2026Close99.969Jan 13, 2026Close99.938Jan 16, 2026Close99.656Jan 22, 2026Close99.594Jan 27, 2026Close99.719Jan 30, 2026Close99.813Feb 4, 2026Close99.688Feb 9, 2026Close100.000Feb 12, 2026Close100.188Feb 18, 2026Close100.250Feb 23, 2026Close100.438Feb 26, 2026Close100.406Mar 3, 2026Close100.250Mar 6, 2026Close99.969Mar 11, 2026Close99.750Mar 16, 2026Close99.656Mar 19, 2026Close99.344Mar 24, 2026Close98.875Mar 27, 2026Close98.844Apr 1, 2026Close99.188Apr 6, 2026Close99.094Apr 9, 2026Close99.344Apr 14, 2026Close99.469Apr 17, 2026Close99.594Apr 22, 2026Close99.344Apr 27, 2026Close99.281Apr 30, 2026Close99.031May 5, 2026Close98.844May 8, 2026Close99.000May 13, 2026Close98.719May 18, 2026Close98.313May 21, 2026Close98.344May 27, 2026Close98.531Jun 1, 2026Close98.500Jun 4, 2026Close98.500Jun 9, 2026Close98.281Jun 12, 2026Close98.438Jun 17, 2026Close98.156Jun 23, 2026Close98.188Jun 26, 2026Close98.594Jul 1, 2026Close98.313Jul 7, 2026Close98.250Jul 10, 2026Close98.188Jul 15, 2026Close98.375Jul 20, 2026Close98.156Jul 23, 2026Close97.750Jul 28, 2026Close98.000Jul 31, 2026Close97.875Aug 5, 2026Close98.188Aug 10, 2026Close98.000Aug 13, 2026Close98.281Aug 18, 2026Close98.188Aug 21, 2026Close98.031Aug 26, 2026Close98.125Aug 31, 2026Close97.813Sep 3, 2026Close97.781Sep 9, 2026Close97.531
The most recent 20 trading days of prices for 91282CLK5.
DateBidOfferClose
Sep 9, 202697.54797.53197.531
Sep 8, 202697.67297.65697.656
Sep 4, 202697.73497.71997.688
Sep 3, 202697.84497.84497.781
Sep 2, 202697.67297.65697.688
Sep 1, 202697.73497.71997.656
Aug 31, 202697.81397.81397.813
Aug 28, 202697.87597.84497.781
Aug 27, 202698.14198.12598.094
Aug 26, 202698.14198.12598.125
Aug 25, 202698.20398.18898.188
Aug 24, 202698.10998.09498.063
Aug 21, 202698.04798.03198.031
Aug 20, 202698.17298.15698.156
Aug 19, 202698.18898.18898.219
Aug 18, 202698.20398.18898.188
Aug 17, 202698.23498.21998.188
Aug 14, 202698.26698.25098.188
Aug 13, 202698.29798.28198.281
Aug 12, 202698.17298.15698.125

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 91282CLK5.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Aug 28, 2024Sep 3, 2024New issue$70.0bn$75.6bn2.41x3.645%

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.