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Methodology
TIPS Public

U.S. Treasury 0.75% TIPS due Feb 15, 2042

CUSIP 912810QV3 · 29-Year 4-Month · coupon paid semiannually

AAA·Govt
Real yield to maturity i
2.94%
real yield, off the Treasury real-yield curve
Current yield i
1.03%
Coupon i
0.75%
Modified duration i
14.1 yr
Convexity i
215.19
Indicative REAL price i
73.114
real model per 100 real par, not a tradable quote
real auctioned at 109.478 · 0.48% high yield (Oct 18, 2012) · reopening · at issuance, not a current price
These are real (inflation-adjusted) figures off the Treasury real-yield curve. The actual dollar invoice = the real price × this TIPS's CPI index ratio, which is not applied here.
Settles i
Oct 15, 2026
priced to this date (T+1 basis)
Real price i
73.239
real dirty price per 100 real par. The $ invoice = real price × CPI index ratio (not applied)
Next coupon i
Feb 15, 2027
0.375 per 100 (real coupon; actual $ scales with the CPI index ratio)

Cash-flow timeline

issue → maturity · each tick is a coupon · ◆ today
todayissued Oct 2012par 100 · Feb 204231 coupons remaining + principal

Terms fetched

Type TIPS Treasury Inflation-Protected Securities: the principal tracks the CPI.
Term i29-Year 4-Month
Coupon i0.75% (semiannual)
Maturity iFeb 15, 2042
Issue dateOct 31, 2012
Par value i100.00
CallableNo
Amount outstanding i$16.1B
Credit AAA·Govt
Look up on TreasuryDirect

Computed metrics computed

Clean price (real) i
73.114
Dirty price (real) i
73.239
Accrued interest i
0.124
per 100 par
Yield to maturity (real) i
2.94%
Yield to worst (real) i
2.94%
Current yield i
1.03%
Modified duration i
14.1 yr
Macaulay duration i
14.3 yr
Convexity i
215.19
DV01 i
0.1032
per 100 par

indicative REAL price/yield, discounted off the Treasury real-yield curve; CPI inflation accrual (index ratio) is not applied.

Remaining cash flows

31 payments, discounted off today's curve
DateCash flowDiscount factorPresent value
Feb 15, 20270.375 0.985600.370
Aug 15, 20270.375 0.964050.362
Feb 15, 20280.375 0.941160.353
Aug 15, 20280.375 0.917750.344
Feb 15, 20290.375 0.894840.336
Aug 15, 20290.375 0.873030.327
Feb 15, 20300.375 0.851550.319
Aug 15, 20300.375 0.831010.312
Feb 15, 20310.375 0.810500.304
Aug 15, 20310.375 0.790700.297
Feb 15, 20320.375 0.770700.289
Aug 15, 20320.375 0.751120.282
Feb 15, 20330.375 0.731650.274
Aug 15, 20330.375 0.712790.267
Feb 15, 20340.375 0.694180.260
Aug 15, 20340.375 0.676310.254
Feb 15, 20350.375 0.658480.247
Aug 15, 20350.375 0.641270.240
Feb 15, 20360.375 0.624100.234
Aug 15, 20360.375 0.607440.228
Feb 15, 20370.375 0.590790.222
Aug 15, 20370.375 0.574660.215
Feb 15, 20380.375 0.558570.209
Aug 15, 20380.375 0.543030.204
Feb 15, 20390.375 0.527540.198
Aug 15, 20390.375 0.512580.192
Feb 15, 20400.375 0.497670.187
Aug 15, 20400.375 0.483210.181
Feb 15, 20410.375 0.468880.176
Aug 15, 20410.375 0.455060.171
Feb 15, 2042100.375 0.4412844.294
Sum of present values 73.239

Present values sum to the dirty price; subtract 0.124 accrued to get the clean price.

Rate sensitivity i

approximate, from duration & convexity
Parallel rate moveApprox. price changeApprox. indicative price
-200 bp (-2.0%) +32.5% 96.876
-100 bp (-1.0%) +15.17% 84.208
+100 bp (+1.0%) -13.02% 63.594
+200 bp (+2.0%) -23.89% 55.646

Illustrative only: a parallel shift of the whole curve, estimated from modified duration (14.1 yr) and convexity. Real moves are rarely parallel; this is not a forecast.

What to know

Key risks

  • Interest-rate risk. If market yields rise, the price falls, and more so the longer the maturity. See the rate-sensitivity table above.
  • Inflation risk. Fixed coupons lose purchasing power if inflation rises. TIPS are designed to offset this; nominal bills, notes and bonds are not.
  • Reinvestment risk. Coupons, and principal at maturity, may have to be reinvested later at lower rates than today's.
  • Liquidity / price risk. Selling before maturity means taking the market price at that time, which can be above or below the indicative value shown here.

Tax

Interest on U.S. Treasuries is subject to federal income tax but is generally exempt from state and local income tax.

How Treasuries are bought

New issues are sold at auction (including directly via TreasuryDirect.gov); outstanding securities trade on the secondary market through a broker. This site is for research only and does not sell or recommend securities.

General information only, not tax, legal or investment advice.

Benchmark yield, past year

All tenors →
4.345.145.94Jan 2026Oct 2026

Par yield of the nearest benchmark tenor, the main input to this bond's price.