Bond Field Guide Anleihen. Klare Perspektive.
Methodik
Bond Public

U.S. Treasury 4.62% Bond due Feb 15, 2055

CUSIP 912810UG1 · 29-Year 10-Month · coupon paid semiannually

AAA·Govt
Yield to maturity i
5.45%
annualized · YTW equals YTM (non-callable)
Current yield i
5.25%
Coupon i
4.62%
Modified duration i
14.7 yr
Convexity i
320.80
Indicative price i
88.172
indicative model price, not a tradable quote
real auctioned at 97.027 · 4.81% high yield (Apr 10, 2025) · reopening · at issuance, not a current price
Settles i
Oct 15, 2026
priced to this date (T+1 basis)
Total to settle i
88.939
per 100 par (clean 88.172 + accrued 0.767) · ≈ $8,893.87 per $10,000 face
Next coupon i
Feb 15, 2027
2.312 per 100 · $231.25 per $10,000 face

Cash-flow timeline

issue → maturity · each tick is a coupon · ◆ today
todayissued Apr 2025par 100 · Feb 205557 coupons remaining + principal

Terms fetched

Type Bond Coupon-paying, 20 or 30 years. Interest every six months.
Term i29-Year 10-Month
Coupon i4.62% (semiannual)
Maturity iFeb 15, 2055
Issue dateApr 15, 2025
Par value i100.00
CallableNo
Amount outstanding i$54.2B
Credit AAA·Govt
Look up on TreasuryDirect

Computed metrics computed

Clean price i
88.172
Dirty price i
88.939
Accrued interest i
0.767
per 100 par
Yield to maturity i
5.45%
Yield to worst i
5.45%
Current yield i
5.25%
Modified duration i
14.7 yr
Macaulay duration i
15.1 yr
Convexity i
320.80
DV01 i
0.1309
per 100 par

indicative, matrix-priced off today's par curve.

Remaining cash flows

57 payments, discounted off today's curve
DateCash flowDiscount factorPresent value
Feb 15, 20272.312 0.985602.279
Aug 15, 20272.312 0.964052.229
Feb 15, 20282.312 0.941162.176
Aug 15, 20282.312 0.917752.122
Feb 15, 20292.312 0.894842.069
Aug 15, 20292.312 0.873032.019
Feb 15, 20302.312 0.851551.969
Aug 15, 20302.312 0.831011.922
Feb 15, 20312.312 0.810501.874
Aug 15, 20312.312 0.790701.828
Feb 15, 20322.312 0.770701.782
Aug 15, 20322.312 0.751121.737
Feb 15, 20332.312 0.731651.692
Aug 15, 20332.312 0.712791.648
Feb 15, 20342.312 0.694181.605
Aug 15, 20342.312 0.676311.564
Feb 15, 20352.312 0.658481.523
Aug 15, 20352.312 0.641271.483
Feb 15, 20362.312 0.624101.443
Aug 15, 20362.312 0.607441.405
Feb 15, 20372.312 0.590791.366
Aug 15, 20372.312 0.574661.329
Feb 15, 20382.312 0.558571.292
Aug 15, 20382.312 0.543031.256
Feb 15, 20392.312 0.527541.220
Aug 15, 20392.312 0.512581.185
Feb 15, 20402.312 0.497671.151
Aug 15, 20402.312 0.483211.117
Feb 15, 20412.312 0.468881.084
Aug 15, 20412.312 0.455061.052
Feb 15, 20422.312 0.441281.020
Aug 15, 20422.312 0.428000.990
Feb 15, 20432.312 0.414770.959
Aug 15, 20432.312 0.402020.930
Feb 15, 20442.312 0.389330.900
Aug 15, 20442.312 0.377030.872
Feb 15, 20452.312 0.364850.844
Aug 15, 20452.312 0.353130.817
Feb 15, 20462.312 0.341450.790
Aug 15, 20462.312 0.330220.764
Feb 15, 20472.312 0.320870.742
Aug 15, 20472.312 0.312680.723
Feb 15, 20482.312 0.304590.704
Aug 15, 20482.312 0.296820.686
Feb 15, 20492.312 0.289170.669
Aug 15, 20492.312 0.281850.652
Feb 15, 20502.312 0.274620.635
Aug 15, 20502.312 0.267700.619
Feb 15, 20512.312 0.260860.603
Aug 15, 20512.312 0.254320.588
Feb 15, 20522.312 0.247850.573
Aug 15, 20522.312 0.241620.559
Feb 15, 20532.312 0.235500.545
Aug 15, 20532.312 0.229650.531
Feb 15, 20542.312 0.223860.518
Aug 15, 20542.312 0.218330.505
Feb 15, 2055102.312 0.2128521.778
Sum of present values 88.939

Present values sum to the dirty price; subtract 0.767 accrued to get the clean price.

Rate sensitivity i

approximate, from duration & convexity
Parallel rate moveApprox. price changeApprox. indicative price
-200 bp (-2.0%) +35.86% 119.789
-100 bp (-1.0%) +16.32% 102.566
+100 bp (+1.0%) -13.12% 76.607
+200 bp (+2.0%) -23.03% 67.870

Illustrative only: a parallel shift of the whole curve, estimated from modified duration (14.7 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 →
4.435.155.88Jan 2026Oct 2026

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