Bond Field Guide 固定收益,清晰视角。
Note Public

U.S. Treasury 4.25% Note due Mar 31, 2033

CUSIP 91282CQF1 · 7-Year · coupon paid semiannually

AAA·Govt
Yield to maturity i
4.98%
annualized · YTW equals YTM (non-callable)
Current yield i
4.43%
Coupon i
4.25%
Modified duration i
5.5 yr
Convexity i
36.07
Indicative price i
96.001
indicative model price, not a tradable quote
real auctioned at 99.970 · 4.25% high yield (Mar 26, 2026) · at issuance, not a current price
Settles i
Oct 15, 2026
priced to this date (T+1 basis)
Total to settle i
96.176
per 100 par (clean 96.001 + accrued 0.175) · ≈ $9,617.62 per $10,000 face
Next coupon i
Mar 31, 2027
2.125 per 100 · $212.50 per $10,000 face

Cash-flow timeline

issue → maturity · each tick is a coupon · ◆ today
todayissued Mar 2026par 100 · Mar 203313 coupons remaining + principal

Terms fetched

Type Note Coupon-paying, 2 to 10 years. Interest every six months.
Term i7-Year
Coupon i4.25% (semiannual)
Maturity iMar 31, 2033
Issue dateMar 31, 2026
Par value i100.00
CallableNo
Amount outstanding inot available
Credit AAA·Govt

Computed metrics computed

Clean price i
96.001
Dirty price i
96.176
Accrued interest i
0.175
per 100 par
Yield to maturity i
4.98%
Yield to worst i
4.98%
Current yield i
4.43%
Modified duration i
5.5 yr
Macaulay duration i
5.7 yr
Convexity i
36.07
DV01 i
0.0534
per 100 par

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

Remaining cash flows

13 payments, discounted off today's curve
DateCash flowDiscount factorPresent value
Mar 31, 20272.125 0.980502.084
Sep 30, 20272.125 0.958412.037
Mar 31, 20282.125 0.935441.988
Sep 30, 20282.125 0.911721.937
Mar 31, 20292.125 0.889521.890
Sep 30, 20292.125 0.867521.843
Mar 31, 20302.125 0.846531.799
Sep 30, 20302.125 0.825851.755
Mar 31, 20312.125 0.805661.712
Sep 30, 20312.125 0.785721.670
Mar 31, 20322.125 0.765831.627
Sep 30, 20322.125 0.746221.586
Mar 31, 2033102.125 0.7270474.248
Sum of present values 96.176

Present values sum to the dirty price; subtract 0.175 accrued to get the clean price.

Rate sensitivity i

approximate, from duration & convexity
Parallel rate moveApprox. price changeApprox. indicative price
-200 bp (-2.0%) +11.82% 107.347
-100 bp (-1.0%) +5.73% 101.501
+100 bp (+1.0%) -5.37% 90.847
+200 bp (+2.0%) -10.38% 86.040

Illustrative only: a parallel shift of the whole curve, estimated from modified duration (5.5 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 →
3.434.465.48Jan 2026Oct 2026

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