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Bond Public

U.S. Treasury 2.75% Bond due Aug 15, 2047

CUSIP 912810RY6 · 29-Year 10-Month · coupon paid semiannually

AAA·Govt
Yield to maturity i
4.97%
annualized · YTW equals YTM (non-callable)
Current yield i
3.86%
Coupon i
2.75%
Modified duration i
14.5 yr
Convexity i
271.66
Indicative price i
71.158
indicative model price — not a tradable quote
real auctioned at 97.601 · 2.87% high yield (Oct 12, 2017) · reopening — at issuance, not a current price
Settles i
Jun 18, 2026
priced to this date (T+1 basis)
Total to settle i
72.093
per 100 par (clean 71.158 + accrued 0.934) · ≈ $7,209.27 per $10,000 face
Next coupon i
Aug 15, 2026
1.375 per 100 · $137.50 per $10,000 face

Cash-flow timeline

issue → maturity · each tick is a coupon · ◆ today
todayissued Oct 2017par 100 · Aug 204743 coupons remaining + principal

Terms fetched

Type Bond Coupon-paying, 20 or 30 years. Interest every six months.
Term i29-Year 10-Month
Coupon i2.75% (semiannual)
Maturity iAug 15, 2047
Issue dateOct 16, 2017
Par value i100.00
CallableNo
Amount outstanding i$31.5B
Credit AAA·Govt
Look up on TreasuryDirect

Computed metrics computed

Clean price i
71.158
Dirty price i
72.093
Accrued interest i
0.934
per 100 par
Yield to maturity i
4.97%
Yield to worst i
4.97%
Current yield i
3.86%
Modified duration i
14.5 yr
Macaulay duration i
14.9 yr
Convexity i
271.66
DV01 i
0.1046
per 100 par

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

Remaining cash flows

43 payments, discounted off today's curve
DateCash flowDiscount factorPresent value
Aug 15, 20261.375 0.994141.367
Feb 15, 20271.375 0.974421.340
Aug 15, 20271.375 0.954801.313
Feb 15, 20281.375 0.934291.285
Aug 15, 20281.375 0.914171.257
Feb 15, 20291.375 0.895261.231
Aug 15, 20291.375 0.876951.206
Feb 15, 20301.375 0.858461.180
Aug 15, 20301.375 0.840571.156
Feb 15, 20311.375 0.822671.131
Aug 15, 20311.375 0.805091.107
Feb 15, 20321.375 0.786891.082
Aug 15, 20321.375 0.769051.057
Feb 15, 20331.375 0.751191.033
Aug 15, 20331.375 0.733951.009
Feb 15, 20341.375 0.716930.986
Aug 15, 20341.375 0.700410.963
Feb 15, 20351.375 0.683840.940
Aug 15, 20351.375 0.667760.918
Feb 15, 20361.375 0.651640.896
Aug 15, 20361.375 0.635850.874
Feb 15, 20371.375 0.619960.852
Aug 15, 20371.375 0.604550.831
Feb 15, 20381.375 0.589090.810
Aug 15, 20381.375 0.574090.789
Feb 15, 20391.375 0.559060.769
Aug 15, 20391.375 0.544490.749
Feb 15, 20401.375 0.529890.729
Aug 15, 20401.375 0.515660.709
Feb 15, 20411.375 0.501480.690
Aug 15, 20411.375 0.487750.671
Feb 15, 20421.375 0.474010.652
Aug 15, 20421.375 0.460700.633
Feb 15, 20431.375 0.447380.615
Aug 15, 20431.375 0.434480.597
Feb 15, 20441.375 0.421590.580
Aug 15, 20441.375 0.409040.562
Feb 15, 20451.375 0.396560.545
Aug 15, 20451.375 0.384500.529
Feb 15, 20461.375 0.372440.512
Aug 15, 20461.375 0.361800.497
Feb 15, 20471.375 0.353130.486
Aug 15, 2047101.375 0.3448034.954
Sum of present values 72.093

Present values sum to the dirty price; subtract 0.934 accrued to get the clean price.

Rate sensitivity i

approximate, from duration & convexity
Parallel rate moveApprox. price changeApprox. indicative price
-200 bp (-2.0%) +34.46% 95.678
-100 bp (-1.0%) +15.87% 82.451
+100 bp (+1.0%) -13.15% 61.798
+200 bp (+2.0%) -23.59% 54.371

Illustrative only — a parallel shift of the whole curve, estimated from modified duration (14.5 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.