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Bond Public

U.S. Treasury 3.75% Bond due Nov 15, 2043

CUSIP 912810RD2 · 29-Year 10-Month · coupon paid semiannually

AAA·Govt
Yield to maturity i
5.10%
annualized · YTW equals YTM (non-callable)
Current yield i
4.43%
Coupon i
3.75%
Modified duration i
12.0 yr
Convexity i
184.68
Indicative price i
84.601
indicative model price — not a tradable quote
real auctioned at 97.378 · 3.90% high yield (Jan 9, 2014) · reopening — at issuance, not a current price
Settles i
Jul 29, 2026
priced to this date (T+1 basis)
Total to settle i
85.365
per 100 par (clean 84.601 + accrued 0.764) · ≈ $8,536.52 per $10,000 face
Next coupon i
Nov 15, 2026
1.875 per 100 · $187.50 per $10,000 face

Cash-flow timeline

issue → maturity · each tick is a coupon · ◆ today
todayissued Jan 2014par 100 · Nov 204335 coupons remaining + principal

Terms fetched

Type Bond Coupon-paying, 20 or 30 years. Interest every six months.
Term i29-Year 10-Month
Coupon i3.75% (semiannual)
Maturity iNov 15, 2043
Issue dateJan 15, 2014
Par value i100.00
CallableNo
Amount outstanding i$29.0B
Credit AAA·Govt
Look up on TreasuryDirect

Computed metrics computed

Clean price i
84.601
Dirty price i
85.365
Accrued interest i
0.764
per 100 par
Yield to maturity i
5.10%
Yield to worst i
5.10%
Current yield i
4.43%
Modified duration i
12.0 yr
Macaulay duration i
12.3 yr
Convexity i
184.68
DV01 i
0.1025
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
Nov 15, 20261.875 0.988601.854
May 15, 20271.875 0.968931.817
Nov 15, 20271.875 0.948711.779
May 15, 20281.875 0.928231.740
Nov 15, 20281.875 0.907831.702
May 15, 20291.875 0.888241.665
Nov 15, 20291.875 0.868721.629
May 15, 20301.875 0.849901.594
Nov 15, 20301.875 0.831011.558
May 15, 20311.875 0.812661.524
Nov 15, 20311.875 0.793831.488
May 15, 20321.875 0.775081.453
Nov 15, 20321.875 0.756281.418
May 15, 20331.875 0.737931.384
Nov 15, 20331.875 0.719751.350
May 15, 20341.875 0.702261.317
Nov 15, 20341.875 0.684691.284
May 15, 20351.875 0.667621.252
Nov 15, 20351.875 0.650491.220
May 15, 20361.875 0.633761.188
Nov 15, 20361.875 0.617051.157
May 15, 20371.875 0.600821.127
Nov 15, 20371.875 0.584541.096
May 15, 20381.875 0.568751.066
Nov 15, 20381.875 0.552921.037
May 15, 20391.875 0.537581.008
Nov 15, 20391.875 0.522200.979
May 15, 20401.875 0.507220.951
Nov 15, 20401.875 0.492300.923
May 15, 20411.875 0.477840.896
Nov 15, 20411.875 0.463380.869
May 15, 20421.875 0.449380.843
Nov 15, 20421.875 0.435370.816
May 15, 20431.875 0.421810.791
Nov 15, 2043101.875 0.4082741.592
Sum of present values 85.365

Present values sum to the dirty price; subtract 0.764 accrued to get the clean price.

Rate sensitivity i

approximate, from duration & convexity
Parallel rate moveApprox. price changeApprox. indicative price
-200 bp (-2.0%) +27.72% 108.048
-100 bp (-1.0%) +12.93% 95.543
+100 bp (+1.0%) -11.09% 75.221
+200 bp (+2.0%) -20.33% 67.403

Illustrative only — a parallel shift of the whole curve, estimated from modified duration (12.0 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.