Treasury note

91282CLP4 · 3.5% due September 30, 2026

Original term
2-Year
Maturity
Sep 30, 2026
Coupon
3.500%
Pays
Semi-Annual
Dated
Sep 30, 2024
First coupon
Mar 31, 2025
Priced through
Sep 9, 2026
Analyzed through
Sep 9, 2026

Statement of August 31, 2026

Amount outstanding
$70.42bn
Held stripped
$37.6m
Share stripped
0.05%

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
withheld
Modified duration
0.055 yr
DV01
0.0006
Convexity
0.006
Dirty price
101.527

Yield and duration are withheld this close to maturity, not missing. Inside a month a Treasury trades on settlement mechanics rather than on yield, and its price is a rounding of par, annualizing a two-day stub produces a number in the tens of percent that would be arithmetically correct and completely misleading. The price, the residual and the key rate durations below are unaffected.

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. All of it sits at 3M. For a security with a single remaining cashflow that is the true shape, not missing data.

Against the fitted curve

Priced 1.01 cents per 100 of face cheap to the curve on that day.

Shown as a price rather than a yield. This security was close enough to maturity that annualizing is meaningless, the same reason it carries no yield to maturity above, and the same difference quoted in basis points would read as an enormous mispricing rather than the few cents it is.

Yield to maturity, 486 observations

3.4%3.6%3.8%4.0%4.2%4.4%Sep 30, 2024Sep 9, 2026Sep 30, 2024Yield to maturity3.664%Oct 3, 2024Yield to maturity3.697%Oct 8, 2024Yield to maturity3.981%Oct 11, 2024Yield to maturity3.951%Oct 17, 2024Yield to maturity3.970%Oct 22, 2024Yield to maturity4.041%Oct 25, 2024Yield to maturity4.113%Oct 30, 2024Yield to maturity4.167%Nov 4, 2024Yield to maturity4.189%Nov 7, 2024Yield to maturity4.227%Nov 13, 2024Yield to maturity4.286%Nov 18, 2024Yield to maturity4.309%Nov 21, 2024Yield to maturity4.366%Nov 26, 2024Yield to maturity4.301%Dec 2, 2024Yield to maturity4.217%Dec 5, 2024Yield to maturity4.183%Dec 10, 2024Yield to maturity4.170%Dec 13, 2024Yield to maturity4.249%Dec 18, 2024Yield to maturity4.364%Dec 23, 2024Yield to maturity4.351%Dec 27, 2024Yield to maturity4.321%Jan 2, 2025Yield to maturity4.251%Jan 7, 2025Yield to maturity4.295%Jan 10, 2025Yield to maturity4.378%Jan 15, 2025Yield to maturity4.266%Jan 21, 2025Yield to maturity4.273%Jan 24, 2025Yield to maturity4.260%Jan 29, 2025Yield to maturity4.224%Feb 3, 2025Yield to maturity4.250%Feb 6, 2025Yield to maturity4.214%Feb 11, 2025Yield to maturity4.300%Feb 14, 2025Yield to maturity4.268%Feb 20, 2025Yield to maturity4.272%Feb 25, 2025Yield to maturity4.134%Feb 28, 2025Yield to maturity4.035%Mar 5, 2025Yield to maturity4.059%Mar 10, 2025Yield to maturity3.959%Mar 13, 2025Yield to maturity4.004%Mar 18, 2025Yield to maturity4.094%Mar 21, 2025Yield to maturity3.992%Mar 26, 2025Yield to maturity4.060%Mar 31, 2025Yield to maturity3.956%Apr 3, 2025Yield to maturity3.827%Apr 8, 2025Yield to maturity3.807%Apr 11, 2025Yield to maturity4.033%Apr 16, 2025Yield to maturity3.878%Apr 21, 2025Yield to maturity3.859%Apr 24, 2025Yield to maturity3.906%Apr 29, 2025Yield to maturity3.795%May 2, 2025Yield to maturity3.937%May 7, 2025Yield to maturity3.916%May 12, 2025Yield to maturity4.085%May 15, 2025Yield to maturity4.064%May 20, 2025Yield to maturity4.069%May 23, 2025Yield to maturity4.125%May 29, 2025Yield to maturity4.079%Jun 3, 2025Yield to maturity4.085%Jun 6, 2025Yield to maturity4.141%Jun 11, 2025Yield to maturity4.070%Jun 16, 2025Yield to maturity4.101%Jun 20, 2025Yield to maturity4.057%Jun 25, 2025Yield to maturity3.958%Jun 30, 2025Yield to maturity3.911%Jul 3, 2025Yield to maturity4.074%Jul 9, 2025Yield to maturity4.051%Jul 14, 2025Yield to maturity4.057%Jul 17, 2025Yield to maturity4.088%Jul 22, 2025Yield to maturity4.040%Jul 25, 2025Yield to maturity4.074%Jul 30, 2025Yield to maturity4.134%Aug 4, 2025Yield to maturity3.888%Aug 7, 2025Yield to maturity3.920%Aug 12, 2025Yield to maturity3.896%Aug 15, 2025Yield to maturity3.930%Aug 20, 2025Yield to maturity3.904%Aug 25, 2025Yield to maturity3.909%Aug 28, 2025Yield to maturity3.883%Sep 3, 2025Yield to maturity3.829%Sep 8, 2025Yield to maturity3.711%Sep 11, 2025Yield to maturity3.713%Sep 16, 2025Yield to maturity3.685%Sep 19, 2025Yield to maturity3.719%Sep 24, 2025Yield to maturity3.721%Sep 29, 2025Yield to maturity3.725%Oct 2, 2025Yield to maturity3.662%Oct 7, 2025Yield to maturity3.696%Oct 10, 2025Yield to maturity3.632%Oct 16, 2025Yield to maturity3.566%Oct 21, 2025Yield to maturity3.601%Oct 24, 2025Yield to maturity3.636%Oct 29, 2025Yield to maturity3.707%Nov 3, 2025Yield to maturity3.746%Nov 6, 2025Yield to maturity3.712%Nov 12, 2025Yield to maturity3.679%Nov 17, 2025Yield to maturity3.755%Nov 20, 2025Yield to maturity3.720%Nov 25, 2025Yield to maturity3.686%Dec 1, 2025Yield to maturity3.689%Dec 4, 2025Yield to maturity3.652%Dec 9, 2025Yield to maturity3.654%Dec 12, 2025Yield to maturity3.616%Dec 17, 2025Yield to maturity3.577%Dec 22, 2025Yield to maturity3.578%Dec 26, 2025Yield to maturity3.580%Dec 31, 2025Yield to maturity3.581%Jan 6, 2026Yield to maturity3.582%Jan 9, 2026Yield to maturity3.629%Jan 14, 2026Yield to maturity3.630%Jan 20, 2026Yield to maturity3.633%Jan 23, 2026Yield to maturity3.636%Jan 28, 2026Yield to maturity3.638%Feb 2, 2026Yield to maturity3.592%Feb 5, 2026Yield to maturity3.594%Feb 10, 2026Yield to maturity3.596%Feb 13, 2026Yield to maturity3.599%Feb 19, 2026Yield to maturity3.653%Feb 24, 2026Yield to maturity3.657%Feb 27, 2026Yield to maturity3.661%Mar 4, 2026Yield to maturity3.720%Mar 9, 2026Yield to maturity3.668%Mar 12, 2026Yield to maturity3.729%Mar 17, 2026Yield to maturity3.736%Mar 20, 2026Yield to maturity3.804%Mar 25, 2026Yield to maturity3.809%Mar 30, 2026Yield to maturity3.755%Apr 2, 2026Yield to maturity3.758%Apr 7, 2026Yield to maturity3.763%Apr 10, 2026Yield to maturity3.769%Apr 15, 2026Yield to maturity3.773%Apr 20, 2026Yield to maturity3.780%Apr 23, 2026Yield to maturity3.784%Apr 28, 2026Yield to maturity3.716%May 1, 2026Yield to maturity3.722%May 6, 2026Yield to maturity3.725%May 11, 2026Yield to maturity3.732%May 14, 2026Yield to maturity3.736%May 19, 2026Yield to maturity3.744%May 22, 2026Yield to maturity3.754%May 28, 2026Yield to maturity3.759%Jun 2, 2026Yield to maturity3.769%Jun 5, 2026Yield to maturity3.780%Jun 10, 2026Yield to maturity3.787%Jun 15, 2026Yield to maturity3.799%Jun 18, 2026Yield to maturity3.816%Jun 24, 2026Yield to maturity3.826%Jun 29, 2026Yield to maturity3.843%Jul 2, 2026Yield to maturity3.867%Jul 8, 2026Yield to maturity3.880%Jul 13, 2026Yield to maturity3.904%Jul 16, 2026Yield to maturity3.768%Jul 21, 2026Yield to maturity3.788%Jul 24, 2026Yield to maturity3.811%Jul 29, 2026Yield to maturity3.827%Aug 3, 2026Yield to maturity3.857%Aug 6, 2026Yield to maturity3.878%Aug 11, 2026Yield to maturity3.919%Aug 14, 2026Yield to maturity3.712%Aug 19, 2026Yield to maturity3.729%Aug 24, 2026Yield to maturity3.766%Aug 27, 2026Yield to maturity3.793%

Price history

486 trading days to Sep 9, 2026

98.2598.5098.7599.0099.2599.5099.75100.00Sep 30, 2024Sep 9, 2026Sep 30, 2024Close99.688Oct 3, 2024Close99.625Oct 8, 2024Close99.094Oct 11, 2024Close99.156Oct 17, 2024Close99.125Oct 22, 2024Close99.000Oct 25, 2024Close98.875Oct 30, 2024Close98.781Nov 4, 2024Close98.750Nov 7, 2024Close98.688Nov 13, 2024Close98.594Nov 18, 2024Close98.563Nov 21, 2024Close98.469Nov 26, 2024Close98.594Dec 2, 2024Close98.750Dec 5, 2024Close98.813Dec 10, 2024Close98.844Dec 13, 2024Close98.719Dec 18, 2024Close98.531Dec 23, 2024Close98.563Dec 27, 2024Close98.625Jan 2, 2025Close98.750Jan 7, 2025Close98.688Jan 10, 2025Close98.563Jan 15, 2025Close98.750Jan 21, 2025Close98.750Jan 24, 2025Close98.781Jan 29, 2025Close98.844Feb 3, 2025Close98.813Feb 6, 2025Close98.875Feb 11, 2025Close98.750Feb 14, 2025Close98.813Feb 20, 2025Close98.813Feb 25, 2025Close99.031Feb 28, 2025Close99.188Mar 5, 2025Close99.156Mar 10, 2025Close99.313Mar 13, 2025Close99.250Mar 18, 2025Close99.125Mar 21, 2025Close99.281Mar 26, 2025Close99.188Mar 31, 2025Close99.344Apr 3, 2025Close99.531Apr 8, 2025Close99.563Apr 11, 2025Close99.250Apr 16, 2025Close99.469Apr 21, 2025Close99.500Apr 24, 2025Close99.438Apr 29, 2025Close99.594May 2, 2025Close99.406May 7, 2025Close99.438May 12, 2025Close99.219May 15, 2025Close99.250May 20, 2025Close99.250May 23, 2025Close99.188May 29, 2025Close99.250Jun 3, 2025Close99.250Jun 6, 2025Close99.188Jun 11, 2025Close99.281Jun 16, 2025Close99.250Jun 20, 2025Close99.313Jun 25, 2025Close99.438Jun 30, 2025Close99.500Jul 3, 2025Close99.313Jul 9, 2025Close99.344Jul 14, 2025Close99.344Jul 17, 2025Close99.313Jul 22, 2025Close99.375Jul 25, 2025Close99.344Jul 30, 2025Close99.281Aug 4, 2025Close99.563Aug 7, 2025Close99.531Aug 12, 2025Close99.563Aug 15, 2025Close99.531Aug 20, 2025Close99.563Aug 25, 2025Close99.563Aug 28, 2025Close99.594Sep 3, 2025Close99.656Sep 8, 2025Close99.781Sep 11, 2025Close99.781Sep 16, 2025Close99.813Sep 19, 2025Close99.781Sep 24, 2025Close99.781Sep 29, 2025Close99.781Oct 2, 2025Close99.844Oct 7, 2025Close99.813Oct 10, 2025Close99.875Oct 16, 2025Close99.938Oct 21, 2025Close99.906Oct 24, 2025Close99.875Oct 29, 2025Close99.813Nov 3, 2025Close99.781Nov 6, 2025Close99.813Nov 12, 2025Close99.844Nov 17, 2025Close99.781Nov 20, 2025Close99.813Nov 25, 2025Close99.844Dec 1, 2025Close99.844Dec 4, 2025Close99.875Dec 9, 2025Close99.875Dec 12, 2025Close99.906Dec 17, 2025Close99.938Dec 22, 2025Close99.938Dec 26, 2025Close99.938Dec 31, 2025Close99.938Jan 6, 2026Close99.938Jan 9, 2026Close99.906Jan 14, 2026Close99.906Jan 20, 2026Close99.906Jan 23, 2026Close99.906Jan 28, 2026Close99.906Feb 2, 2026Close99.938Feb 5, 2026Close99.938Feb 10, 2026Close99.938Feb 13, 2026Close99.938Feb 19, 2026Close99.906Feb 24, 2026Close99.906Feb 27, 2026Close99.906Mar 4, 2026Close99.875Mar 9, 2026Close99.906Mar 12, 2026Close99.875Mar 17, 2026Close99.875Mar 20, 2026Close99.844Mar 25, 2026Close99.844Mar 30, 2026Close99.875Apr 2, 2026Close99.875Apr 7, 2026Close99.875Apr 10, 2026Close99.875Apr 15, 2026Close99.875Apr 20, 2026Close99.875Apr 23, 2026Close99.875Apr 28, 2026Close99.906May 1, 2026Close99.906May 6, 2026Close99.906May 11, 2026Close99.906May 14, 2026Close99.906May 19, 2026Close99.906May 22, 2026Close99.906May 28, 2026Close99.906Jun 2, 2026Close99.906Jun 5, 2026Close99.906Jun 10, 2026Close99.906Jun 15, 2026Close99.906Jun 18, 2026Close99.906Jun 24, 2026Close99.906Jun 29, 2026Close99.906Jul 2, 2026Close99.906Jul 8, 2026Close99.906Jul 13, 2026Close99.906Jul 16, 2026Close99.938Jul 21, 2026Close99.938Jul 24, 2026Close99.938Jul 29, 2026Close99.938Aug 3, 2026Close99.938Aug 6, 2026Close99.938Aug 11, 2026Close99.938Aug 14, 2026Close99.969Aug 19, 2026Close99.969Aug 24, 2026Close99.969Aug 27, 2026Close99.969Sep 1, 2026Close99.969Sep 4, 2026Close99.969Sep 9, 2026Close99.969
The most recent 20 trading days of prices for 91282CLP4.
DateBidOfferClose
Sep 9, 2026–99.96999.969
Sep 8, 2026–99.96999.969
Sep 4, 2026–99.96999.969
Sep 3, 2026–99.96999.969
Sep 2, 2026–99.96999.969
Sep 1, 2026–99.96999.969
Aug 31, 2026–99.96999.969
Aug 28, 2026–99.96999.969
Aug 27, 2026–99.96999.969
Aug 26, 2026–99.96999.969
Aug 25, 2026–99.96999.969
Aug 24, 2026–99.96999.969
Aug 21, 2026–99.96999.969
Aug 20, 2026–99.96999.969
Aug 19, 2026–99.96999.969
Aug 18, 2026–99.96999.969
Aug 17, 2026–99.96999.969
Aug 14, 2026–99.96999.969
Aug 13, 2026–99.93899.969
Aug 12, 2026–99.93899.938

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 91282CLP4.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Sep 24, 2024Sep 30, 2024New issue$69.0bn$70.4bn2.59x3.520%

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.