BondDesk Every bond, priced off the Treasury curve
TIPS Public

U.S. Treasury 0.62% TIPS due Feb 15, 2043

CUSIP 912810RA8 · 29-Year 4-Month · coupon paid semiannually

AAA·Govt
Real yield to maturity i
2.68%
real yield — off the Treasury real-yield curve
Current yield i
0.86%
Coupon i
0.62%
Modified duration i
15.3 yr
Convexity i
252.22
Indicative REAL price i
72.689
real model per 100 real par — not a tradable quote
real auctioned at 84.370 · 1.33% high yield (Oct 24, 2013) · 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
Jul 29, 2026
priced to this date (T+1 basis)
Real price i
72.972
real dirty price per 100 real par. The $ invoice = real price × CPI index ratio (not applied)
Next coupon i
Aug 15, 2026
0.312 per 100 (real coupon; actual $ scales with the CPI index ratio)

Cash-flow timeline

issue → maturity · each tick is a coupon · ◆ today
todayissued Oct 2013par 100 · Feb 204334 coupons remaining + principal

Terms fetched

Type TIPS Treasury Inflation-Protected Securities — principal tracks the CPI.
Term i29-Year 4-Month
Coupon i0.62% (semiannual)
Maturity iFeb 15, 2043
Issue dateOct 31, 2013
Par value i100.00
CallableNo
Amount outstanding i$16.0B
Credit AAA·Govt
Look up on TreasuryDirect

Computed metrics computed

Clean price (real) i
72.689
Dirty price (real) i
72.972
Accrued interest i
0.283
per 100 par
Yield to maturity (real) i
2.68%
Yield to worst (real) i
2.68%
Current yield i
0.86%
Modified duration i
15.3 yr
Macaulay duration i
15.5 yr
Convexity i
252.22
DV01 i
0.1116
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

34 payments, discounted off today's curve
DateCash flowDiscount factorPresent value
Aug 15, 20260.312 0.998280.312
Feb 15, 20270.312 0.978550.306
Aug 15, 20270.312 0.958910.300
Feb 15, 20280.312 0.938410.293
Aug 15, 20280.312 0.917830.287
Feb 15, 20290.312 0.897860.281
Aug 15, 20290.312 0.878370.274
Feb 15, 20300.312 0.859120.268
Aug 15, 20300.312 0.840420.263
Feb 15, 20310.312 0.821650.257
Aug 15, 20310.312 0.803360.251
Feb 15, 20320.312 0.784340.245
Aug 15, 20320.312 0.765670.239
Feb 15, 20330.312 0.746940.233
Aug 15, 20330.312 0.728720.228
Feb 15, 20340.312 0.710830.222
Aug 15, 20340.312 0.693450.217
Feb 15, 20350.312 0.675990.211
Aug 15, 20350.312 0.659030.206
Feb 15, 20360.312 0.642010.201
Aug 15, 20360.312 0.625380.195
Feb 15, 20370.312 0.608780.190
Aug 15, 20370.312 0.592660.185
Feb 15, 20380.312 0.576490.180
Aug 15, 20380.312 0.560810.175
Feb 15, 20390.312 0.545100.170
Aug 15, 20390.312 0.529860.166
Feb 15, 20400.312 0.514600.161
Aug 15, 20400.312 0.499730.156
Feb 15, 20410.312 0.484920.152
Aug 15, 20410.312 0.470580.147
Feb 15, 20420.312 0.456240.143
Aug 15, 20420.312 0.442350.138
Feb 15, 2043100.312 0.4284542.979
Sum of present values 72.972

Present values sum to the dirty price; subtract 0.283 accrued to get the clean price.

Rate sensitivity i

approximate, from duration & convexity
Parallel rate moveApprox. price changeApprox. indicative price
-200 bp (-2.0%) +35.64% 98.591
-100 bp (-1.0%) +16.56% 84.723
+100 bp (+1.0%) -14.03% 62.487
+200 bp (+2.0%) -25.55% 54.119

Illustrative only — a parallel shift of the whole curve, estimated from modified duration (15.3 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 →
4.444.895.34Jan 2026Jul 2026

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