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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
5.09%
annualized · YTW equals YTM (non-callable)
Current yield i
4.34%
Coupon i
3.62%
Modified duration i
11.9 yr
Convexity i
180.64
Indicative price i
83.451
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
Jul 29, 2026
priced to this date (T+1 basis)
Total to settle i
85.093
per 100 par (clean 83.451 + accrued 1.642) · ≈ $8,509.34 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
83.451
Dirty price i
85.093
Accrued interest i
1.642
per 100 par
Yield to maturity i
5.09%
Yield to worst i
5.09%
Current yield i
4.34%
Modified duration i
11.9 yr
Macaulay duration i
12.2 yr
Convexity i
180.64
DV01 i
0.1009
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 0.998281.809
Feb 15, 20271.812 0.978551.774
Aug 15, 20271.812 0.958911.738
Feb 15, 20281.812 0.938411.701
Aug 15, 20281.812 0.917831.664
Feb 15, 20291.812 0.897861.627
Aug 15, 20291.812 0.878371.592
Feb 15, 20301.812 0.859121.557
Aug 15, 20301.812 0.840421.523
Feb 15, 20311.812 0.821651.489
Aug 15, 20311.812 0.803361.456
Feb 15, 20321.812 0.784341.422
Aug 15, 20321.812 0.765671.388
Feb 15, 20331.812 0.746941.354
Aug 15, 20331.812 0.728721.321
Feb 15, 20341.812 0.710831.288
Aug 15, 20341.812 0.693451.257
Feb 15, 20351.812 0.675991.225
Aug 15, 20351.812 0.659031.194
Feb 15, 20361.812 0.642011.164
Aug 15, 20361.812 0.625381.134
Feb 15, 20371.812 0.608781.103
Aug 15, 20371.812 0.592661.074
Feb 15, 20381.812 0.576491.045
Aug 15, 20381.812 0.560811.016
Feb 15, 20391.812 0.545100.988
Aug 15, 20391.812 0.529860.960
Feb 15, 20401.812 0.514600.933
Aug 15, 20401.812 0.499730.906
Feb 15, 20411.812 0.484920.879
Aug 15, 20411.812 0.470580.853
Feb 15, 20421.812 0.456240.827
Aug 15, 20421.812 0.442350.802
Feb 15, 20431.812 0.428450.777
Aug 15, 2043101.812 0.4150142.254
Sum of present values 85.093

Present values sum to the dirty price; subtract 1.642 accrued to get the clean price.

Rate sensitivity i

approximate, from duration & convexity
Parallel rate moveApprox. price changeApprox. indicative price
-200 bp (-2.0%) +27.32% 106.249
-100 bp (-1.0%) +12.76% 94.096
+100 bp (+1.0%) -10.95% 74.313
+200 bp (+2.0%) -20.09% 66.683

Illustrative only — a parallel shift of the whole curve, estimated from modified duration (11.9 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.