Bond Field Guide Renta fija. Perspectiva clara.
Note Public

U.S. Treasury 4.25% Note due Jun 30, 2033

CUSIP 91282CQW4 · 7-Year · coupon paid semiannually

AAA·Govt
Yield to maturity i
4.99%
annualized · YTW equals YTM (non-callable)
Current yield i
4.44%
Coupon i
4.25%
Modified duration i
5.7 yr
Convexity i
38.09
Indicative price i
95.804
indicative model price, not a tradable quote
real auctioned at 99.940 · 4.26% high yield (Jun 25, 2026) · at issuance, not a current price
Settles i
Oct 15, 2026
priced to this date (T+1 basis)
Total to settle i
97.046
per 100 par (clean 95.804 + accrued 1.242) · ≈ $9,704.61 per $10,000 face
Next coupon i
Dec 30, 2026
2.125 per 100 · $212.50 per $10,000 face

Cash-flow timeline

issue → maturity · each tick is a coupon · ◆ today
todayissued Jun 2026par 100 · Jun 203314 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 iJun 30, 2033
Issue dateJun 30, 2026
Par value i100.00
CallableNo
Amount outstanding inot available
Credit AAA·Govt

Computed metrics computed

Clean price i
95.804
Dirty price i
97.046
Accrued interest i
1.242
per 100 par
Yield to maturity i
4.99%
Yield to worst i
4.99%
Current yield i
4.44%
Modified duration i
5.7 yr
Macaulay duration i
5.8 yr
Convexity i
38.09
DV01 i
0.0550
per 100 par

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

Remaining cash flows

14 payments, discounted off today's curve
DateCash flowDiscount factorPresent value
Dec 30, 20262.125 0.991312.107
Jun 30, 20272.125 0.969652.060
Dec 30, 20272.125 0.947082.013
Jun 30, 20282.125 0.923731.963
Dec 30, 20282.125 0.900531.914
Jun 30, 20292.125 0.878551.867
Dec 30, 20292.125 0.856951.821
Jun 30, 20302.125 0.836201.777
Dec 30, 20302.125 0.815711.733
Jun 30, 20312.125 0.795701.691
Dec 30, 20312.125 0.775801.649
Jun 30, 20322.125 0.756041.607
Dec 30, 20322.125 0.736591.565
Jun 30, 2033102.125 0.7175673.280
Sum of present values 97.046

Present values sum to the dirty price; subtract 1.242 accrued to get the clean price.

Rate sensitivity i

approximate, from duration & convexity
Parallel rate moveApprox. price changeApprox. indicative price
-200 bp (-2.0%) +12.1% 107.397
-100 bp (-1.0%) +5.86% 101.418
+100 bp (+1.0%) -5.48% 90.554
+200 bp (+2.0%) -10.58% 85.669

Illustrative only: a parallel shift of the whole curve, estimated from modified duration (5.7 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 →
3.434.465.48Jan 2026Oct 2026

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