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Bond Public

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

CUSIP 912810RZ3 · 29-Year 10-Month · coupon paid semiannually

AAA·Govt
Yield to maturity i
5.29%
annualized · YTW equals YTM (non-callable)
Current yield i
4.06%
Coupon i
2.75%
Modified duration i
14.4 yr
Convexity i
270.40
Indicative price i
67.768
indicative model price — not a tradable quote
real auctioned at 97.660 · 2.87% high yield (Jan 11, 2018) · reopening — at issuance, not a current price
Settles i
Jul 29, 2026
priced to this date (T+1 basis)
Total to settle i
68.329
per 100 par (clean 67.768 + accrued 0.560) · ≈ $6,832.86 per $10,000 face
Next coupon i
Nov 15, 2026
1.375 per 100 · $137.50 per $10,000 face

Cash-flow timeline

issue → maturity · each tick is a coupon · ◆ today
todayissued Jan 2018par 100 · Nov 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 iNov 15, 2047
Issue dateJan 16, 2018
Par value i100.00
CallableNo
Amount outstanding i$28.8B
Credit AAA·Govt
Look up on TreasuryDirect

Computed metrics computed

Clean price i
67.768
Dirty price i
68.329
Accrued interest i
0.560
per 100 par
Yield to maturity i
5.29%
Yield to worst i
5.29%
Current yield i
4.06%
Modified duration i
14.4 yr
Macaulay duration i
14.8 yr
Convexity i
270.40
DV01 i
0.0987
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
Nov 15, 20261.375 0.988601.359
May 15, 20271.375 0.968931.332
Nov 15, 20271.375 0.948711.304
May 15, 20281.375 0.928231.276
Nov 15, 20281.375 0.907831.248
May 15, 20291.375 0.888241.221
Nov 15, 20291.375 0.868721.194
May 15, 20301.375 0.849901.169
Nov 15, 20301.375 0.831011.143
May 15, 20311.375 0.812661.117
Nov 15, 20311.375 0.793831.092
May 15, 20321.375 0.775081.066
Nov 15, 20321.375 0.756281.040
May 15, 20331.375 0.737931.015
Nov 15, 20331.375 0.719750.990
May 15, 20341.375 0.702260.966
Nov 15, 20341.375 0.684690.941
May 15, 20351.375 0.667620.918
Nov 15, 20351.375 0.650490.894
May 15, 20361.375 0.633760.871
Nov 15, 20361.375 0.617050.848
May 15, 20371.375 0.600820.826
Nov 15, 20371.375 0.584540.804
May 15, 20381.375 0.568750.782
Nov 15, 20381.375 0.552920.760
May 15, 20391.375 0.537580.739
Nov 15, 20391.375 0.522200.718
May 15, 20401.375 0.507220.697
Nov 15, 20401.375 0.492300.677
May 15, 20411.375 0.477840.657
Nov 15, 20411.375 0.463380.637
May 15, 20421.375 0.449380.618
Nov 15, 20421.375 0.435370.599
May 15, 20431.375 0.421810.580
Nov 15, 20431.375 0.408270.561
May 15, 20441.375 0.395090.543
Nov 15, 20441.375 0.382000.525
May 15, 20451.375 0.369340.508
Nov 15, 20451.375 0.356700.490
May 15, 20461.375 0.344490.474
Nov 15, 20461.375 0.334450.460
May 15, 20471.375 0.326090.448
Nov 15, 2047101.375 0.3178132.218
Sum of present values 68.329

Present values sum to the dirty price; subtract 0.560 accrued to get the clean price.

Rate sensitivity i

approximate, from duration & convexity
Parallel rate moveApprox. price changeApprox. indicative price
-200 bp (-2.0%) +34.3% 91.013
-100 bp (-1.0%) +15.8% 78.475
+100 bp (+1.0%) -13.09% 58.894
+200 bp (+2.0%) -23.49% 51.853

Illustrative only — a parallel shift of the whole curve, estimated from modified duration (14.4 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.