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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
5.29%
annualized · YTW equals YTM (non-callable)
Current yield i
4.05%
Coupon i
2.75%
Modified duration i
14.2 yr
Convexity i
263.30
Indicative price i
67.963
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
Jul 29, 2026
priced to this date (T+1 basis)
Total to settle i
69.209
per 100 par (clean 67.963 + accrued 1.246) · ≈ $6,920.86 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
67.963
Dirty price i
69.209
Accrued interest i
1.246
per 100 par
Yield to maturity i
5.29%
Yield to worst i
5.29%
Current yield i
4.05%
Modified duration i
14.2 yr
Macaulay duration i
14.6 yr
Convexity i
263.30
DV01 i
0.0983
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 0.998281.373
Feb 15, 20271.375 0.978551.346
Aug 15, 20271.375 0.958911.319
Feb 15, 20281.375 0.938411.290
Aug 15, 20281.375 0.917831.262
Feb 15, 20291.375 0.897861.235
Aug 15, 20291.375 0.878371.208
Feb 15, 20301.375 0.859121.181
Aug 15, 20301.375 0.840421.156
Feb 15, 20311.375 0.821651.130
Aug 15, 20311.375 0.803361.105
Feb 15, 20321.375 0.784341.078
Aug 15, 20321.375 0.765671.053
Feb 15, 20331.375 0.746941.027
Aug 15, 20331.375 0.728721.002
Feb 15, 20341.375 0.710830.977
Aug 15, 20341.375 0.693450.953
Feb 15, 20351.375 0.675990.929
Aug 15, 20351.375 0.659030.906
Feb 15, 20361.375 0.642010.883
Aug 15, 20361.375 0.625380.860
Feb 15, 20371.375 0.608780.837
Aug 15, 20371.375 0.592660.815
Feb 15, 20381.375 0.576490.793
Aug 15, 20381.375 0.560810.771
Feb 15, 20391.375 0.545100.750
Aug 15, 20391.375 0.529860.729
Feb 15, 20401.375 0.514600.708
Aug 15, 20401.375 0.499730.687
Feb 15, 20411.375 0.484920.667
Aug 15, 20411.375 0.470580.647
Feb 15, 20421.375 0.456240.627
Aug 15, 20421.375 0.442350.608
Feb 15, 20431.375 0.428450.589
Aug 15, 20431.375 0.415010.571
Feb 15, 20441.375 0.401580.552
Aug 15, 20441.375 0.388520.534
Feb 15, 20451.375 0.375540.516
Aug 15, 20451.375 0.362990.499
Feb 15, 20461.375 0.350470.482
Aug 15, 20461.375 0.338790.466
Feb 15, 20471.375 0.330180.454
Aug 15, 2047101.375 0.3219332.635
Sum of present values 69.209

Present values sum to the dirty price; subtract 1.246 accrued to get the clean price.

Rate sensitivity i

approximate, from duration & convexity
Parallel rate moveApprox. price changeApprox. indicative price
-200 bp (-2.0%) +33.67% 90.847
-100 bp (-1.0%) +15.52% 78.510
+100 bp (+1.0%) -12.89% 59.205
+200 bp (+2.0%) -23.14% 52.236

Illustrative only — a parallel shift of the whole curve, estimated from modified duration (14.2 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.