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方法论

Sample Ginnie Mae (Govt National Mortgage Assn.)-style 2-Year agency bond

Agency AA+ Public SAMPLE

Illustrative structure: 4.25% coupon · due Oct 15, 2028 · Senior agency debt · bullet · GNMA. Not a real, tradable CUSIP.

Representative sample. Terms below (call schedule, seniority, size) are illustrative for a bond like this; issuer identity and credit fundamentals are live. Prices are indicative model values, not market quotes. Real CUSIP, bid/ask and last trades come with a market-data feed. See Methodology.
Yield to maturity i
4.96%
annualized total return if held to maturity
Matures
Oct 15, 2028
Coupon i
4.25%
Current yield i
4.31%
Modified duration i
1.9 yr
Indicative price i
98.668
model not a market quote

Terms & structure

MaturityOct 15, 2028
Coupon i4.25% (semiannual)
CallableNo (bullet)
SenioritySenior agency debt
Public access iPublic Government-agency (GSE) debt, available to individuals through a broker, typically in small minimums.
Minimum purchase$1,000 face (×$1,000)
Amount outstanding i$1.0B (representative)
CUSIPlive feed · shown as GNMA 4.25% ’28 here
FIGIlive feed
IssuerGinnie Mae (Govt National Mortgage Assn.) GNMA
Type Agency

Computed metrics model

Clean price i
98.668
Dirty price i
98.668
Accrued i
0.000
Yield to maturity i
4.96%
Yield to worst i
4.96%
Modified duration i
1.9 yr
Convexity
4.56
MODEL spread +21bp Our model's credit-spread assumption for a AA+ rating, not an observed market spread. Real spreads move with supply, liquidity and issuer news.

This bond is non-callable (a bullet), so yield to worst equals yield to maturity.

Credit context

AA+ Rating AA+ · outlook Stable (representative/indicative, not a live agency feed); drives the model spread

Agency, GSE or supranational issuer: top-tier credit, with implicit or explicit backing from a government or member countries. Issuer financials are not applicable in the way they are for a corporation.

Rate sensitivity i

approximate, from duration & convexity
Parallel rate moveApprox. price changeApprox. price
-200 bp +3.87% 102.490
-100 bp +1.91% 100.556
+100 bp -1.87% 96.825
+200 bp -3.69% 95.026

Cash-flow timeline

each tick a coupon · ◆ today
issued Oct 2026par 100 · Oct 20284 coupons remaining + principal

Market price & trading

requires a market-data feed (FINRA TRACE)
Bid / Ask
live feed
dealer quotes
Last trade
live feed
price + time of last reported trade
Recent volume
live feed
reported TRACE volume

This preview computes an indicative model price off the Treasury curve. Real-time bid/ask, last-trade price and trade time are licensed FINRA TRACE data, available when a feed is connected.