Bond Field Guide Anleihen. Klare Perspektive.
Note Public

U.S. Treasury 4.12% Note due Oct 31, 2031

CUSIP 91282CLU3 · 7-Year · coupon paid semiannually

AAA·Govt
Yield to maturity i
4.92%
annualized · YTW equals YTM (non-callable)
Current yield i
4.27%
Coupon i
4.12%
Modified duration i
4.4 yr
Convexity i
23.05
Indicative price i
96.501
indicative model price, not a tradable quote
real auctioned at 99.459 · 4.21% high yield (Oct 29, 2024) · at issuance, not a current price
Settles i
Oct 15, 2026
priced to this date (T+1 basis)
Total to settle i
98.384
per 100 par (clean 96.501 + accrued 1.883) · ≈ $9,838.38 per $10,000 face
Next coupon i
Oct 31, 2026
2.062 per 100 · $206.25 per $10,000 face

Cash-flow timeline

issue → maturity · each tick is a coupon · ◆ today
todayissued Oct 2024par 100 · Oct 203111 coupons remaining + principal

Terms fetched

Type Note Coupon-paying, 2 to 10 years. Interest every six months.
Term i7-Year
Coupon i4.12% (semiannual)
Maturity iOct 31, 2031
Issue dateOct 31, 2024
Par value i100.00
CallableNo
Amount outstanding inot available
Credit AAA·Govt

Computed metrics computed

Clean price i
96.501
Dirty price i
98.384
Accrued interest i
1.883
per 100 par
Yield to maturity i
4.92%
Yield to worst i
4.92%
Current yield i
4.27%
Modified duration i
4.4 yr
Macaulay duration i
4.5 yr
Convexity i
23.05
DV01 i
0.0433
per 100 par

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

Remaining cash flows

11 payments, discounted off today's curve
DateCash flowDiscount factorPresent value
Oct 31, 20262.062 0.998192.059
Apr 30, 20272.062 0.976982.015
Oct 31, 20272.062 0.954571.969
Apr 30, 20282.062 0.931601.921
Oct 31, 20282.062 0.907811.872
Apr 30, 20292.062 0.885901.827
Oct 31, 20292.062 0.863871.782
Apr 30, 20302.062 0.843111.739
Oct 31, 20302.062 0.822381.696
Apr 30, 20312.062 0.802361.655
Oct 31, 2031102.062 0.7823579.849
Sum of present values 98.384

Present values sum to the dirty price; subtract 1.883 accrued to get the clean price.

Rate sensitivity i

approximate, from duration & convexity
Parallel rate moveApprox. price changeApprox. indicative price
-200 bp (-2.0%) +9.26% 105.437
-100 bp (-1.0%) +4.51% 100.857
+100 bp (+1.0%) -4.28% 92.366
+200 bp (+2.0%) -8.34% 88.454

Illustrative only: a parallel shift of the whole curve, estimated from modified duration (4.4 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 →
3.194.305.41Jan 2026Oct 2026

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