BondDesk Every bond, priced off the Treasury curve
TIPS Public

U.S. Treasury 2.12% TIPS due Feb 15, 2041

CUSIP 912810QP6 · 29-Year 4-Month · coupon paid semiannually

AAA·Govt
Real yield to maturity i
2.36%
real yield — off the Treasury real-yield curve
Current yield i
2.19%
Coupon i
2.12%
Modified duration i
12.4 yr
Convexity i
176.35
Indicative REAL price i
97.104
real model per 100 real par — not a tradable quote
real auctioned at 132.953 · 1.00% high yield (Oct 20, 2011) · reopening — at issuance, not a current price
These are real (inflation-adjusted) figures off the Treasury real-yield curve. The actual dollar invoice = the real price × this TIPS's CPI index ratio, which is not applied here.
Settles i
Jun 18, 2026
priced to this date (T+1 basis)
Real price i
97.826
real dirty price per 100 real par. The $ invoice = real price × CPI index ratio (not applied)
Next coupon i
Aug 15, 2026
1.062 per 100 (real coupon; actual $ scales with the CPI index ratio)

Cash-flow timeline

issue → maturity · each tick is a coupon · ◆ today
todayissued Oct 2011par 100 · Feb 204130 coupons remaining + principal

Terms fetched

Type TIPS Treasury Inflation-Protected Securities — principal tracks the CPI.
Term i29-Year 4-Month
Coupon i2.12% (semiannual)
Maturity iFeb 15, 2041
Issue dateOct 31, 2011
Par value i100.00
CallableNo
Amount outstanding i$16.7B
Credit AAA·Govt
Look up on TreasuryDirect

Computed metrics computed

Clean price (real) i
97.104
Dirty price (real) i
97.826
Accrued interest i
0.722
per 100 par
Yield to maturity (real) i
2.36%
Yield to worst (real) i
2.36%
Current yield i
2.19%
Modified duration i
12.4 yr
Macaulay duration i
12.5 yr
Convexity i
176.35
DV01 i
0.1213
per 100 par

indicative REAL price/yield — discounted off the Treasury real-yield curve; CPI inflation accrual (index ratio) is not applied.

Remaining cash flows

30 payments, discounted off today's curve
DateCash flowDiscount factorPresent value
Aug 15, 20261.062 0.994141.056
Feb 15, 20271.062 0.974421.035
Aug 15, 20271.062 0.954801.014
Feb 15, 20281.062 0.934290.993
Aug 15, 20281.062 0.914170.971
Feb 15, 20291.062 0.895260.951
Aug 15, 20291.062 0.876950.932
Feb 15, 20301.062 0.858460.912
Aug 15, 20301.062 0.840570.893
Feb 15, 20311.062 0.822670.874
Aug 15, 20311.062 0.805090.855
Feb 15, 20321.062 0.786890.836
Aug 15, 20321.062 0.769050.817
Feb 15, 20331.062 0.751190.798
Aug 15, 20331.062 0.733950.780
Feb 15, 20341.062 0.716930.762
Aug 15, 20341.062 0.700410.744
Feb 15, 20351.062 0.683840.727
Aug 15, 20351.062 0.667760.709
Feb 15, 20361.062 0.651640.692
Aug 15, 20361.062 0.635850.676
Feb 15, 20371.062 0.619960.659
Aug 15, 20371.062 0.604550.642
Feb 15, 20381.062 0.589090.626
Aug 15, 20381.062 0.574090.610
Feb 15, 20391.062 0.559060.594
Aug 15, 20391.062 0.544490.579
Feb 15, 20401.062 0.529890.563
Aug 15, 20401.062 0.515660.548
Feb 15, 2041101.062 0.5014850.681
Sum of present values 97.826

Present values sum to the dirty price; subtract 0.722 accrued to get the clean price.

Rate sensitivity i

approximate, from duration & convexity
Parallel rate moveApprox. price changeApprox. indicative price
-200 bp (-2.0%) +28.32% 124.606
-100 bp (-1.0%) +13.28% 109.999
+100 bp (+1.0%) -11.52% 85.921
+200 bp (+2.0%) -21.27% 76.451

Illustrative only — a parallel shift of the whole curve, estimated from modified duration (12.4 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 →
3.834.324.81Jan 2026Jun 2026

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