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Bond Public

U.S. Treasury 3.62% Bond due Aug 15, 2043

CUSIP 912810RC4 · 29-Year 10-Month · coupon paid semiannually

AAA·Govt
Yield to maturity i
4.81%
annualized · YTW equals YTM (non-callable)
Current yield i
4.20%
Coupon i
3.62%
Modified duration i
12.1 yr
Convexity i
185.76
Indicative price i
86.280
indicative model price — not a tradable quote
real auctioned at 97.619 · 3.76% high yield (Oct 10, 2013) · reopening — at issuance, not a current price
Settles i
Jun 18, 2026
priced to this date (T+1 basis)
Total to settle i
87.512
per 100 par (clean 86.280 + accrued 1.232) · ≈ $8,751.18 per $10,000 face
Next coupon i
Aug 15, 2026
1.812 per 100 · $181.25 per $10,000 face

Cash-flow timeline

issue → maturity · each tick is a coupon · ◆ today
todayissued Oct 2013par 100 · Aug 204335 coupons remaining + principal

Terms fetched

Type Bond Coupon-paying, 20 or 30 years. Interest every six months.
Term i29-Year 10-Month
Coupon i3.62% (semiannual)
Maturity iAug 15, 2043
Issue dateOct 15, 2013
Par value i100.00
CallableNo
Amount outstanding i$29.0B
Credit AAA·Govt
Look up on TreasuryDirect

Computed metrics computed

Clean price i
86.280
Dirty price i
87.512
Accrued interest i
1.232
per 100 par
Yield to maturity i
4.81%
Yield to worst i
4.81%
Current yield i
4.20%
Modified duration i
12.1 yr
Macaulay duration i
12.4 yr
Convexity i
185.76
DV01 i
0.1057
per 100 par

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

Remaining cash flows

35 payments, discounted off today's curve
DateCash flowDiscount factorPresent value
Aug 15, 20261.812 0.994141.802
Feb 15, 20271.812 0.974421.766
Aug 15, 20271.812 0.954801.731
Feb 15, 20281.812 0.934291.693
Aug 15, 20281.812 0.914171.657
Feb 15, 20291.812 0.895261.623
Aug 15, 20291.812 0.876951.589
Feb 15, 20301.812 0.858461.556
Aug 15, 20301.812 0.840571.524
Feb 15, 20311.812 0.822671.491
Aug 15, 20311.812 0.805091.459
Feb 15, 20321.812 0.786891.426
Aug 15, 20321.812 0.769051.394
Feb 15, 20331.812 0.751191.362
Aug 15, 20331.812 0.733951.330
Feb 15, 20341.812 0.716931.299
Aug 15, 20341.812 0.700411.269
Feb 15, 20351.812 0.683841.239
Aug 15, 20351.812 0.667761.210
Feb 15, 20361.812 0.651641.181
Aug 15, 20361.812 0.635851.152
Feb 15, 20371.812 0.619961.124
Aug 15, 20371.812 0.604551.096
Feb 15, 20381.812 0.589091.068
Aug 15, 20381.812 0.574091.041
Feb 15, 20391.812 0.559061.013
Aug 15, 20391.812 0.544490.987
Feb 15, 20401.812 0.529890.960
Aug 15, 20401.812 0.515660.935
Feb 15, 20411.812 0.501480.909
Aug 15, 20411.812 0.487750.884
Feb 15, 20421.812 0.474010.859
Aug 15, 20421.812 0.460700.835
Feb 15, 20431.812 0.447380.811
Aug 15, 2043101.812 0.4344844.236
Sum of present values 87.512

Present values sum to the dirty price; subtract 1.232 accrued to get the clean price.

Rate sensitivity i

approximate, from duration & convexity
Parallel rate moveApprox. price changeApprox. indicative price
-200 bp (-2.0%) +27.87% 110.324
-100 bp (-1.0%) +13.0% 97.501
+100 bp (+1.0%) -11.15% 76.662
+200 bp (+2.0%) -20.44% 68.647

Illustrative only — a parallel shift of the whole curve, estimated from modified duration (12.1 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.