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TIPS Public

U.S. Treasury 2.38% TIPS due Jan 15, 2027

CUSIP 912810PS1 · 20-Year · coupon paid semiannually

AAA·Govt
Terms only — tips real pricing uses the treasury real-yield curve (published 5y–30y), so shorter tips aren't priced here. The security's terms are shown below; no indicative price or yield is computed for this instrument type.

Cash-flow timeline

issue → maturity · each tick is a coupon · ◆ today
todayissued Jan 2007par 100 · Jan 20272 coupons remaining + principal

Terms fetched

Type TIPS Treasury Inflation-Protected Securities — principal tracks the CPI.
Term i20-Year
Coupon i2.38% (semiannual)
Maturity iJan 15, 2027
Issue dateJan 31, 2007
Par value i100.00
CallableNo
Amount outstanding i—
Credit AAA·Govt
Look up on TreasuryDirect

Computed metrics computed

Not computed for this instrument type — terms only — TIPS real pricing uses the Treasury real-yield curve (published 5y–30y), so shorter TIPS aren't priced here.

Remaining cash flows

2 payments, discounted off today's curve
DateCash flowDiscount factorPresent value
Jul 15, 20261.188 0.997301.184
Jan 15, 2027101.188 0.9777498.935
Sum of present values —

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

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 →
3.493.743.99Jan 2026Jun 2026

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