BondDesk Every bond, priced off the Treasury curve
Bond Public

U.S. Treasury 2.50% Bond due May 15, 2046

CUSIP 912810RS9 · 29-Year 10-Month · coupon paid semiannually

AAA·Govt
Yield to maturity i
5.30%
annualized · YTW equals YTM (non-callable)
Current yield i
3.79%
Coupon i
2.50%
Modified duration i
14.1 yr
Convexity i
250.29
Indicative price i
65.941
indicative model price — not a tradable quote
real auctioned at 107.171 · 2.17% high yield (Jul 13, 2016) · reopening — at issuance, not a current price
Settles i
Jul 29, 2026
priced to this date (T+1 basis)
Total to settle i
66.451
per 100 par (clean 65.941 + accrued 0.510) · ≈ $6,645.07 per $10,000 face
Next coupon i
Nov 15, 2026
1.250 per 100 · $125.00 per $10,000 face

Cash-flow timeline

issue → maturity · each tick is a coupon · ◆ today
todayissued Jul 2016par 100 · May 204640 coupons remaining + principal

Terms fetched

Type Bond Coupon-paying, 20 or 30 years. Interest every six months.
Term i29-Year 10-Month
Coupon i2.50% (semiannual)
Maturity iMay 15, 2046
Issue dateJul 15, 2016
Par value i100.00
CallableNo
Amount outstanding i$30.4B
Credit AAA·Govt
Look up on TreasuryDirect

Computed metrics computed

Clean price i
65.941
Dirty price i
66.451
Accrued interest i
0.510
per 100 par
Yield to maturity i
5.30%
Yield to worst i
5.30%
Current yield i
3.79%
Modified duration i
14.1 yr
Macaulay duration i
14.5 yr
Convexity i
250.29
DV01 i
0.0936
per 100 par

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

Remaining cash flows

40 payments, discounted off today's curve
DateCash flowDiscount factorPresent value
Nov 15, 20261.250 0.988601.236
May 15, 20271.250 0.968931.211
Nov 15, 20271.250 0.948711.186
May 15, 20281.250 0.928231.160
Nov 15, 20281.250 0.907831.135
May 15, 20291.250 0.888241.110
Nov 15, 20291.250 0.868721.086
May 15, 20301.250 0.849901.062
Nov 15, 20301.250 0.831011.039
May 15, 20311.250 0.812661.016
Nov 15, 20311.250 0.793830.992
May 15, 20321.250 0.775080.969
Nov 15, 20321.250 0.756280.945
May 15, 20331.250 0.737930.922
Nov 15, 20331.250 0.719750.900
May 15, 20341.250 0.702260.878
Nov 15, 20341.250 0.684690.856
May 15, 20351.250 0.667620.835
Nov 15, 20351.250 0.650490.813
May 15, 20361.250 0.633760.792
Nov 15, 20361.250 0.617050.771
May 15, 20371.250 0.600820.751
Nov 15, 20371.250 0.584540.731
May 15, 20381.250 0.568750.711
Nov 15, 20381.250 0.552920.691
May 15, 20391.250 0.537580.672
Nov 15, 20391.250 0.522200.653
May 15, 20401.250 0.507220.634
Nov 15, 20401.250 0.492300.615
May 15, 20411.250 0.477840.597
Nov 15, 20411.250 0.463380.579
May 15, 20421.250 0.449380.562
Nov 15, 20421.250 0.435370.544
May 15, 20431.250 0.421810.527
Nov 15, 20431.250 0.408270.510
May 15, 20441.250 0.395090.494
Nov 15, 20441.250 0.382000.477
May 15, 20451.250 0.369340.462
Nov 15, 20451.250 0.356700.446
May 15, 2046101.250 0.3444934.879
Sum of present values 66.451

Present values sum to the dirty price; subtract 0.510 accrued to get the clean price.

Rate sensitivity i

approximate, from duration & convexity
Parallel rate moveApprox. price changeApprox. indicative price
-200 bp (-2.0%) +33.18% 87.821
-100 bp (-1.0%) +15.34% 76.056
+100 bp (+1.0%) -12.84% 57.477
+200 bp (+2.0%) -23.17% 50.663

Illustrative only — a parallel shift of the whole curve, estimated from modified duration (14.1 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 →
4.444.895.34Jan 2026Jul 2026

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