Bond Field Guide Revenu fixe. Perspective claire.
Méthodologie
Note Public

U.S. Treasury 4.62% Note due Aug 15, 2036

CUSIP 91282CRF0 · 9-Year 10-Month · coupon paid semiannually

AAA·Govt
Yield to maturity i
5.10%
annualized · YTW equals YTM (non-callable)
Current yield i
4.80%
Coupon i
4.62%
Modified duration i
7.7 yr
Convexity i
72.09
Indicative price i
96.349
indicative model price, not a tradable quote
real auctioned at 94.864 · 5.30% high yield (Oct 7, 2026) · reopening · at issuance, not a current price
Settles i
Oct 15, 2026
priced to this date (T+1 basis)
Total to settle i
97.115
per 100 par (clean 96.349 + accrued 0.767) · ≈ $9,711.55 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
issued Oct 2026par 100 · Aug 203620 coupons remaining + principal

Terms fetched

Type Note Coupon-paying, 2 to 10 years. Interest every six months.
Term i9-Year 10-Month
Coupon i4.62% (semiannual)
Maturity iAug 15, 2036
Issue dateOct 15, 2026
Par value i100.00
CallableNo
Amount outstanding i$91.6B
Credit AAA·Govt
Look up on TreasuryDirect

Computed metrics computed

Clean price i
96.349
Dirty price i
97.115
Accrued interest i
0.767
per 100 par
Yield to maturity i
5.10%
Yield to worst i
5.10%
Current yield i
4.80%
Modified duration i
7.7 yr
Macaulay duration i
7.9 yr
Convexity i
72.09
DV01 i
0.0749
per 100 par

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

Remaining cash flows

20 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, 2036102.312 0.6074462.149
Sum of present values 97.115

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%) +16.87% 112.600
-100 bp (-1.0%) +8.07% 104.127
+100 bp (+1.0%) -7.35% 89.265
+200 bp (+2.0%) -13.98% 82.876

Illustrative only: a parallel shift of the whole curve, estimated from modified duration (7.7 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 →
3.704.645.58Jan 2026Oct 2026

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