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UST 3M4.28%UST 6M4.35%UST 1Y4.49%UST 2Y4.77%UST 3Y4.85%UST 5Y4.91%UST 7Y5.00%UST 10Y5.10%UST 20Y5.48%UST 30Y5.43%10Y–2Y+33 bppublished Treasury curve · Oct 15, 2026 · other yields on this site are indicative models
UST 3M4.28%UST 6M4.35%UST 1Y4.49%UST 2Y4.77%UST 3Y4.85%UST 5Y4.91%UST 7Y5.00%UST 10Y5.10%UST 20Y5.48%UST 30Y5.43%10Y–2Y+33 bppublished Treasury curve · Oct 15, 2026 · other yields on this site are indicative models
NY
Sample NYC Municipal Water Finance Authority-style 30-Year municipal bond
MuniAA+PublicSAMPLE
Illustrative structure: 4.00% coupon · due Oct 15, 2056 · Revenue (project-backed) · callable · NYC-WATER. 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
4.36%
annualized if held to maturity · callable Oct 15, 2036
Matures
Oct 15, 2056
Coupon i
4.00%
Yield to worst i
4.36%
Yield to call
4.75%
Taxable-equivalent
6.91%
≈ at a 37% federal bracket
Modified duration i
17.0 yr
Indicative price i
94.077
model not a market quote
Tax-free interest. This is a municipal bond, so its interest is generally
exempt from federal income tax (and often from state tax if you live in NY).
At a 37% federal bracket, its 4.36% yield is worth about a
6.91% taxable-equivalent yield. In other words, a fully taxable bond would need to pay
roughly that much to leave you the same after tax.
Illustrative, at one assumed bracket. Your own rate and any state tax change the figure; confirm with a tax professional.
Terms & structure
Maturity
Oct 15, 2056
Coupon i
4.00% (semiannual)
Callable
Yes, first call Oct 15, 2036 at 100.000
Seniority
Revenue (project-backed)
Public access i
PublicMunicipal bonds are sold to the public through a broker, usually in $5,000 minimums. Interest is generally exempt from federal income tax.
tax-exempt levelPriced at an indicative municipal level. High-grade munis typically yield below Treasuries pre-tax because the interest is tax-free (the muni/Treasury ratio); this is a model figure, not an observed market spread.
Yield to worst is the lower of yield-to-maturity and yield-to-call: the least-favourable outcome if the issuer redeems early.
Credit context
AA+Rating AA+ · outlook Stable (representative/indicative, not a live agency feed); drives the model spread
A revenue bond, backed by the income of a specific project or system, not the issuer's general taxing power.
Municipal credit is assessed differently from corporations (there's no income statement in the same sense), so the rating shown is representative/indicative. Real ratings, financial disclosures and official statements are published on the MSRB's EMMA.
Where to find & buy this bond
See NYC Municipal Water Finance Authority's real bonds on EMMA
The bond above is a representative sample. The official, free source for
NYC Municipal Water Finance Authority's actual municipal bonds (their real CUSIPs, recent
trade prices, yields and official statements) is the MSRB's EMMA.
You buy munis through a broker, using the CUSIP from EMMA.
Opens EMMA's search for NYC Municipal Water Finance Authority, official and free, in a new tab.
2
Pick a bond matching the coupon & maturity you want. Each lists its real CUSIP, last-traded price, and the official statement.
3
Give that CUSIP to your broker for a live quote and to place an order. EMMA is for research and prices; the purchase itself goes through a broker.
EMMA (emma.msrb.org) is run by the MSRB, the municipal market's regulator, and has
real trade data and disclosures, free. The bond shown here is an indicative sample, not a specific CUSIP.
Rate sensitivity i
approximate, from duration & convexity
Parallel rate move
Approx. price change
Approx. price
-200 bp
+42.04%
133.627
-100 bp
+18.99%
111.942
+100 bp
-14.93%
80.034
+200 bp
-25.79%
69.811
Cash-flow timeline
each tick a coupon · ◆ today · callable Oct 15, 2036
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 municipal trade prices and official statements are free on the MSRB's EMMA.
To find this bond's real CUSIP and prices, see above.