Treasury note

91282CLL3 · 3.375% due September 15, 2027

Original term
3-Year
Maturity
Sep 15, 2027
Coupon
3.375%
Pays
Semi-Annual
Dated
Sep 15, 2024
First coupon
Mar 15, 2025
Priced through
Sep 9, 2026
Analyzed through
Sep 9, 2026

Statement of August 31, 2026

Amount outstanding
$58.54bn
Held stripped
$8.0m
Share stripped
0.01%

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
4.234%
Modified duration
0.968 yr
DV01
0.0098
Convexity
1.431
Dirty price
100.798

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 0.989 years against a modified duration of 0.968.

Against the fitted curve

Priced 0.7 bp rich to the curve on that day, 0.70 cents per 100 of face.

That is 0.00 standard deviations from its own typical residual.

Yield to maturity, 496 observations

3.4%3.6%3.8%4.0%4.2%4.4%4.6%Sep 16, 2024Sep 9, 2026Sep 16, 2024Yield to maturity3.419%Sep 19, 2024Yield to maturity3.475%Sep 24, 2024Yield to maturity3.442%Sep 27, 2024Yield to maturity3.487%Oct 2, 2024Yield to maturity3.543%Oct 7, 2024Yield to maturity3.897%Oct 10, 2024Yield to maturity3.899%Oct 16, 2024Yield to maturity3.843%Oct 21, 2024Yield to maturity3.938%Oct 24, 2024Yield to maturity4.010%Oct 29, 2024Yield to maturity4.071%Nov 1, 2024Yield to maturity4.169%Nov 6, 2024Yield to maturity4.219%Nov 12, 2024Yield to maturity4.295%Nov 15, 2024Yield to maturity4.263%Nov 20, 2024Yield to maturity4.266%Nov 25, 2024Yield to maturity4.209%Nov 29, 2024Yield to maturity4.105%Dec 4, 2024Yield to maturity4.095%Dec 9, 2024Yield to maturity4.098%Dec 12, 2024Yield to maturity4.174%Dec 17, 2024Yield to maturity4.227%Dec 20, 2024Yield to maturity4.318%Dec 26, 2024Yield to maturity4.359%Dec 31, 2024Yield to maturity4.277%Jan 6, 2025Yield to maturity4.320%Jan 9, 2025Yield to maturity4.322%Jan 14, 2025Yield to maturity4.442%Jan 17, 2025Yield to maturity4.320%Jan 23, 2025Yield to maturity4.336%Jan 28, 2025Yield to maturity4.238%Jan 31, 2025Yield to maturity4.268%Feb 5, 2025Yield to maturity4.193%Feb 10, 2025Yield to maturity4.302%Feb 13, 2025Yield to maturity4.331%Feb 19, 2025Yield to maturity4.297%Feb 24, 2025Yield to maturity4.170%Feb 27, 2025Yield to maturity4.067%Mar 4, 2025Yield to maturity3.965%Mar 7, 2025Yield to maturity4.008%Mar 12, 2025Yield to maturity3.997%Mar 17, 2025Yield to maturity4.040%Mar 20, 2025Yield to maturity3.948%Mar 25, 2025Yield to maturity3.992%Mar 28, 2025Yield to maturity3.913%Apr 2, 2025Yield to maturity3.901%Apr 7, 2025Yield to maturity3.726%Apr 10, 2025Yield to maturity3.864%Apr 15, 2025Yield to maturity3.839%Apr 18, 2025Yield to maturity3.800%Apr 23, 2025Yield to maturity3.857%Apr 28, 2025Yield to maturity3.664%May 1, 2025Yield to maturity3.679%May 6, 2025Yield to maturity3.779%May 9, 2025Yield to maturity3.881%May 14, 2025Yield to maturity4.053%May 19, 2025Yield to maturity3.942%May 22, 2025Yield to maturity3.973%May 28, 2025Yield to maturity3.977%Jun 2, 2025Yield to maturity3.922%Jun 5, 2025Yield to maturity3.909%Jun 10, 2025Yield to maturity3.986%Jun 13, 2025Yield to maturity3.930%Jun 18, 2025Yield to maturity3.903%Jun 24, 2025Yield to maturity3.772%Jun 27, 2025Yield to maturity3.730%Jul 2, 2025Yield to maturity3.776%Jul 8, 2025Yield to maturity3.885%Jul 11, 2025Yield to maturity3.888%Jul 16, 2025Yield to maturity3.875%Jul 21, 2025Yield to maturity3.832%Jul 24, 2025Yield to maturity3.895%Jul 29, 2025Yield to maturity3.852%Aug 1, 2025Yield to maturity3.684%Aug 6, 2025Yield to maturity3.685%Aug 11, 2025Yield to maturity3.734%Aug 14, 2025Yield to maturity3.720%Aug 19, 2025Yield to maturity3.722%Aug 22, 2025Yield to maturity3.661%Aug 27, 2025Yield to maturity3.630%Sep 2, 2025Yield to maturity3.648%Sep 5, 2025Yield to maturity3.504%Sep 10, 2025Yield to maturity3.537%Sep 15, 2025Yield to maturity3.522%Sep 18, 2025Yield to maturity3.555%Sep 23, 2025Yield to maturity3.573%Sep 26, 2025Yield to maturity3.658%Oct 1, 2025Yield to maturity3.558%Oct 6, 2025Yield to maturity3.593%Oct 9, 2025Yield to maturity3.594%Oct 15, 2025Yield to maturity3.510%Oct 20, 2025Yield to maturity3.459%Oct 23, 2025Yield to maturity3.494%Oct 28, 2025Yield to maturity3.495%Oct 31, 2025Yield to maturity3.618%Nov 5, 2025Yield to maturity3.637%Nov 10, 2025Yield to maturity3.603%Nov 14, 2025Yield to maturity3.623%Nov 19, 2025Yield to maturity3.588%Nov 24, 2025Yield to maturity3.517%Nov 28, 2025Yield to maturity3.518%Dec 3, 2025Yield to maturity3.501%Dec 8, 2025Yield to maturity3.594%Dec 11, 2025Yield to maturity3.539%Dec 16, 2025Yield to maturity3.485%Dec 19, 2025Yield to maturity3.485%Dec 24, 2025Yield to maturity3.524%Dec 30, 2025Yield to maturity3.449%Jan 5, 2026Yield to maturity3.469%Jan 8, 2026Yield to maturity3.489%Jan 13, 2026Yield to maturity3.529%Jan 16, 2026Yield to maturity3.609%Jan 22, 2026Yield to maturity3.610%Jan 27, 2026Yield to maturity3.573%Jan 30, 2026Yield to maturity3.534%Feb 4, 2026Yield to maturity3.575%Feb 9, 2026Yield to maturity3.496%Feb 12, 2026Yield to maturity3.496%Feb 18, 2026Yield to maturity3.498%Feb 23, 2026Yield to maturity3.478%Feb 26, 2026Yield to maturity3.479%Mar 3, 2026Yield to maturity3.544%Mar 6, 2026Yield to maturity3.588%Mar 11, 2026Yield to maturity3.676%Mar 16, 2026Yield to maturity3.700%Mar 19, 2026Yield to maturity3.833%Mar 24, 2026Yield to maturity3.970%Mar 27, 2026Yield to maturity3.953%Apr 1, 2026Yield to maturity3.843%Apr 6, 2026Yield to maturity3.870%Apr 9, 2026Yield to maturity3.804%Apr 14, 2026Yield to maturity3.785%Apr 17, 2026Yield to maturity3.719%Apr 22, 2026Yield to maturity3.791%Apr 27, 2026Yield to maturity3.795%Apr 30, 2026Yield to maturity3.845%May 5, 2026Yield to maturity3.897%May 8, 2026Yield to maturity3.854%May 13, 2026Yield to maturity3.929%May 18, 2026Yield to maturity3.984%May 21, 2026Yield to maturity3.988%May 27, 2026Yield to maturity3.970%Jun 1, 2026Yield to maturity3.976%Jun 4, 2026Yield to maturity3.980%Jun 9, 2026Yield to maturity4.063%Jun 12, 2026Yield to maturity4.019%Jun 17, 2026Yield to maturity4.154%Jun 23, 2026Yield to maturity4.164%Jun 26, 2026Yield to maturity4.092%Jul 1, 2026Yield to maturity4.151%Jul 7, 2026Yield to maturity4.162%Jul 10, 2026Yield to maturity4.171%Jul 15, 2026Yield to maturity4.092%Jul 20, 2026Yield to maturity4.157%Jul 23, 2026Yield to maturity4.277%Jul 28, 2026Yield to maturity4.230%Jul 31, 2026Yield to maturity4.182%Aug 5, 2026Yield to maturity4.130%Aug 10, 2026Yield to maturity4.169%Aug 13, 2026Yield to maturity4.055%Aug 18, 2026Yield to maturity4.064%Aug 21, 2026Yield to maturity4.104%Aug 26, 2026Yield to maturity4.109%Aug 31, 2026Yield to maturity4.213%Sep 3, 2026Yield to maturity4.188%Sep 9, 2026Yield to maturity4.234%

Price history

496 trading days to Sep 9, 2026

97.0097.5098.0098.5099.0099.50100.00Sep 16, 2024Sep 9, 2026Sep 16, 2024Close99.875Sep 19, 2024Close99.719Sep 24, 2024Close99.813Sep 27, 2024Close99.688Oct 2, 2024Close99.531Oct 7, 2024Close98.563Oct 10, 2024Close98.563Oct 16, 2024Close98.719Oct 21, 2024Close98.469Oct 24, 2024Close98.281Oct 29, 2024Close98.125Nov 1, 2024Close97.875Nov 6, 2024Close97.750Nov 12, 2024Close97.563Nov 15, 2024Close97.656Nov 20, 2024Close97.656Nov 25, 2024Close97.813Nov 29, 2024Close98.094Dec 4, 2024Close98.125Dec 9, 2024Close98.125Dec 12, 2024Close97.938Dec 17, 2024Close97.813Dec 20, 2024Close97.594Dec 26, 2024Close97.500Dec 31, 2024Close97.719Jan 6, 2025Close97.625Jan 9, 2025Close97.625Jan 14, 2025Close97.344Jan 17, 2025Close97.656Jan 23, 2025Close97.625Jan 28, 2025Close97.875Jan 31, 2025Close97.813Feb 5, 2025Close98.000Feb 10, 2025Close97.750Feb 13, 2025Close97.688Feb 19, 2025Close97.781Feb 24, 2025Close98.094Feb 27, 2025Close98.344Mar 4, 2025Close98.594Mar 7, 2025Close98.500Mar 12, 2025Close98.531Mar 17, 2025Close98.438Mar 20, 2025Close98.656Mar 25, 2025Close98.563Mar 28, 2025Close98.750Apr 2, 2025Close98.781Apr 7, 2025Close99.188Apr 10, 2025Close98.875Apr 15, 2025Close98.938Apr 18, 2025Close99.031Apr 23, 2025Close98.906Apr 28, 2025Close99.344May 1, 2025Close99.313May 6, 2025Close99.094May 9, 2025Close98.875May 14, 2025Close98.500May 19, 2025Close98.750May 22, 2025Close98.688May 28, 2025Close98.688Jun 2, 2025Close98.813Jun 5, 2025Close98.844Jun 10, 2025Close98.688Jun 13, 2025Close98.813Jun 18, 2025Close98.875Jun 24, 2025Close99.156Jun 27, 2025Close99.250Jul 2, 2025Close99.156Jul 8, 2025Close98.938Jul 11, 2025Close98.938Jul 16, 2025Close98.969Jul 21, 2025Close99.063Jul 24, 2025Close98.938Jul 29, 2025Close99.031Aug 1, 2025Close99.375Aug 6, 2025Close99.375Aug 11, 2025Close99.281Aug 14, 2025Close99.313Aug 19, 2025Close99.313Aug 22, 2025Close99.438Aug 27, 2025Close99.500Sep 2, 2025Close99.469Sep 5, 2025Close99.750Sep 10, 2025Close99.688Sep 15, 2025Close99.719Sep 18, 2025Close99.656Sep 23, 2025Close99.625Sep 26, 2025Close99.469Oct 1, 2025Close99.656Oct 6, 2025Close99.594Oct 9, 2025Close99.594Oct 15, 2025Close99.750Oct 20, 2025Close99.844Oct 23, 2025Close99.781Oct 28, 2025Close99.781Oct 31, 2025Close99.563Nov 5, 2025Close99.531Nov 10, 2025Close99.594Nov 14, 2025Close99.563Nov 19, 2025Close99.625Nov 24, 2025Close99.750Nov 28, 2025Close99.750Dec 3, 2025Close99.781Dec 8, 2025Close99.625Dec 11, 2025Close99.719Dec 16, 2025Close99.813Dec 19, 2025Close99.813Dec 24, 2025Close99.750Dec 30, 2025Close99.875Jan 5, 2026Close99.844Jan 8, 2026Close99.813Jan 13, 2026Close99.750Jan 16, 2026Close99.625Jan 22, 2026Close99.625Jan 27, 2026Close99.688Jan 30, 2026Close99.750Feb 4, 2026Close99.688Feb 9, 2026Close99.813Feb 12, 2026Close99.813Feb 18, 2026Close99.813Feb 23, 2026Close99.844Feb 26, 2026Close99.844Mar 3, 2026Close99.750Mar 6, 2026Close99.688Mar 11, 2026Close99.563Mar 16, 2026Close99.531Mar 19, 2026Close99.344Mar 24, 2026Close99.156Mar 27, 2026Close99.188Apr 1, 2026Close99.344Apr 6, 2026Close99.313Apr 9, 2026Close99.406Apr 14, 2026Close99.438Apr 17, 2026Close99.531Apr 22, 2026Close99.438Apr 27, 2026Close99.438Apr 30, 2026Close99.375May 5, 2026Close99.313May 8, 2026Close99.375May 13, 2026Close99.281May 18, 2026Close99.219May 21, 2026Close99.219May 27, 2026Close99.250Jun 1, 2026Close99.250Jun 4, 2026Close99.250Jun 9, 2026Close99.156Jun 12, 2026Close99.219Jun 17, 2026Close99.063Jun 23, 2026Close99.063Jun 26, 2026Close99.156Jul 1, 2026Close99.094Jul 7, 2026Close99.094Jul 10, 2026Close99.094Jul 15, 2026Close99.188Jul 20, 2026Close99.125Jul 23, 2026Close99.000Jul 28, 2026Close99.063Jul 31, 2026Close99.125Aug 5, 2026Close99.188Aug 10, 2026Close99.156Aug 13, 2026Close99.281Aug 18, 2026Close99.281Aug 21, 2026Close99.250Aug 26, 2026Close99.250Aug 31, 2026Close99.156Sep 3, 2026Close99.188Sep 9, 2026Close99.156
The most recent 20 trading days of prices for 91282CLL3.
DateBidOfferClose
Sep 9, 202699.17299.15699.156
Sep 8, 202699.17299.15699.156
Sep 4, 202699.17299.15699.156
Sep 3, 202699.20399.18899.188
Sep 2, 202699.14199.12599.125
Sep 1, 202699.17299.15699.125
Aug 31, 202699.18899.18899.156
Aug 28, 202699.18899.18899.156
Aug 27, 202699.28199.28199.250
Aug 26, 202699.26699.25099.250
Aug 25, 202699.26699.25099.250
Aug 24, 202699.25099.25099.250
Aug 21, 202699.25099.25099.250
Aug 20, 202699.29799.28199.281
Aug 19, 202699.26699.25099.281
Aug 18, 202699.29799.28199.281
Aug 17, 202699.29799.28199.250
Aug 14, 202699.29799.28199.250
Aug 13, 202699.28199.28199.281
Aug 12, 202699.23499.21999.219

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 91282CLL3.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Sep 10, 2024Sep 16, 2024New issue$58.0bn$58.6bn2.66x3.440%

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.