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Bond Public

U.S. Treasury 3.12% Bond due Nov 15, 2041

CUSIP 912810QT8 · 29-Year 10-Month · coupon paid semiannually

AAA·Govt
Yield to maturity i
4.73%
annualized · YTW equals YTM (non-callable)
Current yield i
3.79%
Coupon i
3.12%
Modified duration i
11.7 yr
Convexity i
165.58
Indicative price i
82.540
indicative model price — not a tradable quote
real auctioned at 102.747 · 2.98% high yield (Jan 12, 2012) · reopening — at issuance, not a current price
Settles i
Jun 18, 2026
priced to this date (T+1 basis)
Total to settle i
82.828
per 100 par (clean 82.540 + accrued 0.289) · ≈ $8,282.84 per $10,000 face
Next coupon i
Nov 15, 2026
1.562 per 100 · $156.25 per $10,000 face

Cash-flow timeline

issue → maturity · each tick is a coupon · ◆ today
todayissued Jan 2012par 100 · Nov 204131 coupons remaining + principal

Terms fetched

Type Bond Coupon-paying, 20 or 30 years. Interest every six months.
Term i29-Year 10-Month
Coupon i3.12% (semiannual)
Maturity iNov 15, 2041
Issue dateJan 17, 2012
Par value i100.00
CallableNo
Amount outstanding i$30.7B
Credit AAA·Govt
Look up on TreasuryDirect

Computed metrics computed

Clean price i
82.540
Dirty price i
82.828
Accrued interest i
0.289
per 100 par
Yield to maturity i
4.73%
Yield to worst i
4.73%
Current yield i
3.79%
Modified duration i
11.7 yr
Macaulay duration i
11.9 yr
Convexity i
165.58
DV01 i
0.0965
per 100 par

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

Remaining cash flows

31 payments, discounted off today's curve
DateCash flowDiscount factorPresent value
Nov 15, 20261.562 0.984321.538
May 15, 20271.562 0.964841.508
Nov 15, 20271.562 0.944601.476
May 15, 20281.562 0.924091.444
Nov 15, 20281.562 0.904671.414
May 15, 20291.562 0.886261.385
Nov 15, 20291.562 0.867671.356
May 15, 20301.562 0.849621.328
Nov 15, 20301.562 0.831581.299
May 15, 20311.562 0.814121.272
Nov 15, 20311.562 0.795971.244
May 15, 20321.562 0.778051.216
Nov 15, 20321.562 0.760101.188
May 15, 20331.562 0.742621.160
Nov 15, 20331.562 0.725411.133
May 15, 20341.562 0.708781.107
Nov 15, 20341.562 0.692101.081
May 15, 20351.562 0.675911.056
Nov 15, 20351.562 0.659671.031
May 15, 20361.562 0.643831.006
Nov 15, 20361.562 0.627880.981
May 15, 20371.562 0.612360.957
Nov 15, 20371.562 0.596790.932
May 15, 20381.562 0.581690.909
Nov 15, 20381.562 0.566550.885
May 15, 20391.562 0.551870.862
Nov 15, 20391.562 0.537160.839
May 15, 20401.562 0.522820.817
Nov 15, 20401.562 0.508540.795
May 15, 20411.562 0.494710.773
Nov 15, 2041101.562 0.4808648.837
Sum of present values 82.828

Present values sum to the dirty price; subtract 0.289 accrued to get the clean price.

Rate sensitivity i

approximate, from duration & convexity
Parallel rate moveApprox. price changeApprox. indicative price
-200 bp (-2.0%) +26.62% 104.509
-100 bp (-1.0%) +12.48% 92.841
+100 bp (+1.0%) -10.82% 73.605
+200 bp (+2.0%) -19.99% 66.037

Illustrative only — a parallel shift of the whole curve, estimated from modified duration (11.7 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 →
4.454.885.31Jan 2026Jun 2026

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