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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
2.45%
real yield — off the Treasury real-yield curve
Current yield i
0.83%
Coupon i
0.62%
Modified duration i
15.4 yr
Convexity i
256.80
Indicative REAL price i
75.179
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
Jun 18, 2026
priced to this date (T+1 basis)
Real price i
75.391
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
75.179
Dirty price (real) i
75.391
Accrued interest i
0.212
per 100 par
Yield to maturity (real) i
2.45%
Yield to worst (real) i
2.45%
Current yield i
0.83%
Modified duration i
15.4 yr
Macaulay duration i
15.6 yr
Convexity i
256.80
DV01 i
0.1165
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 0.994140.311
Feb 15, 20270.312 0.974420.305
Aug 15, 20270.312 0.954800.298
Feb 15, 20280.312 0.934290.292
Aug 15, 20280.312 0.914170.286
Feb 15, 20290.312 0.895260.280
Aug 15, 20290.312 0.876950.274
Feb 15, 20300.312 0.858460.268
Aug 15, 20300.312 0.840570.263
Feb 15, 20310.312 0.822670.257
Aug 15, 20310.312 0.805090.252
Feb 15, 20320.312 0.786890.246
Aug 15, 20320.312 0.769050.240
Feb 15, 20330.312 0.751190.235
Aug 15, 20330.312 0.733950.229
Feb 15, 20340.312 0.716930.224
Aug 15, 20340.312 0.700410.219
Feb 15, 20350.312 0.683840.214
Aug 15, 20350.312 0.667760.209
Feb 15, 20360.312 0.651640.204
Aug 15, 20360.312 0.635850.199
Feb 15, 20370.312 0.619960.194
Aug 15, 20370.312 0.604550.189
Feb 15, 20380.312 0.589090.184
Aug 15, 20380.312 0.574090.179
Feb 15, 20390.312 0.559060.175
Aug 15, 20390.312 0.544490.170
Feb 15, 20400.312 0.529890.166
Aug 15, 20400.312 0.515660.161
Feb 15, 20410.312 0.501480.157
Aug 15, 20410.312 0.487750.152
Feb 15, 20420.312 0.474010.148
Aug 15, 20420.312 0.460700.144
Feb 15, 2043100.312 0.4473844.877
Sum of present values 75.391

Present values sum to the dirty price; subtract 0.212 accrued to get the clean price.

Rate sensitivity i

approximate, from duration & convexity
Parallel rate moveApprox. price changeApprox. indicative price
-200 bp (-2.0%) +36.03% 102.269
-100 bp (-1.0%) +16.73% 87.759
+100 bp (+1.0%) -14.17% 64.529
+200 bp (+2.0%) -25.76% 55.811

Illustrative only — a parallel shift of the whole curve, estimated from modified duration (15.4 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 →
4.454.885.31Jan 2026Jun 2026

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