BondDesk Every bond, priced off the Treasury curve

Sample University of California (Regents)-style 30-Year municipal bond

Muni AA Public SAMPLE

Illustrative structure — 4.00% coupon · due Jun 15, 2056 · Revenue (project-backed) · callable · UC-REGENTS. Not a real, tradable CUSIP.

Representative sample. Terms below (call schedule, seniority, size) are illustrative for a bond like this; issuer identity and credit fundamentals are live. Prices are indicative model values, not market quotes. Real CUSIP, bid/ask and last trades come with a market-data feed — see Methodology.
Yield to maturity i
3.79%
annualized if held to maturity · callable Jun 15, 2036
Matures
Jun 15, 2056
Coupon i
4.00%
Yield to worst i
3.55%
Yield to call
3.55%
Taxable-equivalent
6.02%
≈ at a 37% federal bracket
Modified duration i
17.6 yr
Indicative price i
103.719
model not a market quote
Tax-free interest. This is a municipal bond, so its interest is generally exempt from federal income tax (and often from state tax if you live in CA). At a 37% federal bracket, its 3.79% yield is worth about a 6.02% taxable-equivalent yield — i.e. a fully taxable bond would need to pay roughly that much to leave you the same after tax. Illustrative, at one assumed bracket — your own rate and any state tax change the figure; confirm with a tax professional.

Terms & structure

MaturityJun 15, 2056
Coupon i4.00% (semiannual)
CallableYes — first call Jun 15, 2036 at 100.000
SeniorityRevenue (project-backed)
Public access iPublic Municipal bonds are sold to the public through a broker, usually in $5,000 minimums. Interest is generally exempt from federal income tax.
Minimum purchase$5,000 face (×$5,000)
Amount outstanding i$300.0M (representative)
CUSIPFind the real CUSIP on EMMA → · shown as UC-REGENTS 4.00% ’56 here
FIGIlive feed
IssuerUniversity of California (Regents) UC-REGENTS
Type Muni

Computed metrics model

Clean price i
103.719
Dirty price i
103.817
Accrued i
0.098
Yield to maturity i
3.79%
Yield to call
3.55%
Yield to worst i
3.55%
Modified duration i
17.6 yr
Convexity
428.62
tax-exempt level — priced at an indicative municipal level. High-grade munis typically yield below Treasuries pre-tax because the interest is tax-free (the muni/Treasury ratio); this is a model figure, not an observed market spread.

Yield to worst is the lower of yield-to-maturity and yield-to-call — the least-favourable outcome if the issuer redeems early.

Credit context

AA Rating AA · outlook Stable — representative/indicative, not a live agency feed; drives the model spread

A revenue bond — backed by the income of a specific project or system, not the issuer's general taxing power. Municipal credit is assessed differently from corporations (there's no income statement in the same sense), so the rating shown is representative/indicative. Real ratings, financial disclosures and official statements are published on the MSRB's EMMA.

Where to find & buy this bond

See University of California (Regents)'s real bonds on EMMA

The bond above is a representative sample. The official, free source for University of California (Regents)'s actual municipal bonds — their real CUSIPs, recent trade prices, yields and official statements — is the MSRB's EMMA. You buy munis through a broker, using the CUSIP from EMMA.

Find UC-REGENTS bonds on EMMA
  1. 1
    Opens EMMA's search for University of California (Regents) — official and free, in a new tab.
  2. 2
    Pick a bond matching the coupon & maturity you want. Each lists its real CUSIP, last-traded price, and the official statement.
  3. 3
    Give that CUSIP to your broker for a live quote and to place an order — EMMA is for research and prices; the purchase itself goes through a broker.

EMMA (emma.msrb.org) is run by the MSRB, the municipal market's regulator — real trade data and disclosures, free. The bond shown here is an indicative sample, not a specific CUSIP.

Rate sensitivity i

approximate, from duration & convexity
Parallel rate moveApprox. price changeApprox. price
-200 bp +43.78% 149.128
-100 bp +19.75% 124.200
+100 bp -15.46% 87.683
+200 bp -26.64% 76.092

Cash-flow timeline

each tick a coupon · ◆ today · callable Jun 15, 2036
issued Jun 2026par 100 · Jun 205660 coupons remaining + principal

Market price & trading

requires a market-data feed (FINRA TRACE)
Bid / Ask
live feed
dealer quotes
Last trade
live feed
price + time of last reported trade
Recent volume
live feed
reported TRACE volume

This preview computes an indicative model price off the Treasury curve. Real municipal trade prices and official statements are free on the MSRB's EMMA. To find this bond's real CUSIP and prices, see above.