Bill
Public
U.S. Treasury Bill due Aug 13, 2026
CUSIP 912797TW7 · 13-Week · zero-coupon
Yield to maturity i
3.70%
annualized · YTW equals YTM (non-callable)
Discount rate i
3.63%
Coupon i
zero
Modified duration i
0.2 yr
Convexity i
0.10
Indicative price i
99.435
indicative model price — not a tradable quote
real auctioned at 99.087 · 3.69% high yield (May 11, 2026) · reopening — at issuance, not a current price
Settles i
Jun 18, 2026
priced to this date (T+1 basis)
Total to settle i
99.435
per 100 par (clean 99.435 + accrued 0.000)
· ≈ $9,943.55 per $10,000 face
Cash flows
1 payment
par (100) returned at maturity — zero-coupon
Cash-flow timeline
issue → maturity · each tick is a coupon · ◆ todayTerms fetched
| Type | Bill Zero-coupon, one year or less. Sold at a discount; you receive par at maturity. |
| Term i | 13-Week |
| Coupon i | None — zero-coupon |
| Maturity i | Aug 13, 2026 |
| Issue date | May 14, 2026 |
| Par value i | 100.00 |
| Callable | No |
| Amount outstanding i | $81.5B |
| Credit | AAA·Govt |
Computed metrics computed
Clean price i
99.435
Dirty price i
99.435
Accrued interest i
0.000
per 100 par
Yield to maturity i
3.70%
Yield to worst i
3.70%
Discount rate i
3.63%
Modified duration i
0.2 yr
Macaulay duration i
0.2 yr
Convexity i
0.10
DV01 i
0.0015
per 100 par
indicative — discounted off today's par curve.
Rate sensitivity i
approximate, from duration & convexity| Parallel rate move | Approx. price change | Approx. indicative price |
|---|---|---|
| -200 bp (-2.0%) | +0.3% | 99.737 |
| -100 bp (-1.0%) | +0.15% | 99.586 |
| +100 bp (+1.0%) | -0.15% | 99.286 |
| +200 bp (+2.0%) | -0.3% | 99.138 |
Illustrative only — a parallel shift of the whole curve, estimated from modified duration (0.2 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 →Par yield of the nearest benchmark tenor — the main input to this bond's price.