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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
4.97%
annualized · YTW equals YTM (non-callable)
Current yield i
3.87%
Coupon i
2.75%
Modified duration i
14.8 yr
Convexity i
278.85
Indicative price i
70.972
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
Jun 18, 2026
priced to this date (T+1 basis)
Total to settle i
71.226
per 100 par (clean 70.972 + accrued 0.254) · ≈ $7,122.63 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
70.972
Dirty price i
71.226
Accrued interest i
0.254
per 100 par
Yield to maturity i
4.97%
Yield to worst i
4.97%
Current yield i
3.87%
Modified duration i
14.8 yr
Macaulay duration i
15.1 yr
Convexity i
278.85
DV01 i
0.1051
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 0.984321.353
May 15, 20271.375 0.964841.327
Nov 15, 20271.375 0.944601.299
May 15, 20281.375 0.924091.271
Nov 15, 20281.375 0.904671.244
May 15, 20291.375 0.886261.219
Nov 15, 20291.375 0.867671.193
May 15, 20301.375 0.849621.168
Nov 15, 20301.375 0.831581.143
May 15, 20311.375 0.814121.119
Nov 15, 20311.375 0.795971.094
May 15, 20321.375 0.778051.070
Nov 15, 20321.375 0.760101.045
May 15, 20331.375 0.742621.021
Nov 15, 20331.375 0.725410.997
May 15, 20341.375 0.708780.975
Nov 15, 20341.375 0.692100.952
May 15, 20351.375 0.675910.929
Nov 15, 20351.375 0.659670.907
May 15, 20361.375 0.643830.885
Nov 15, 20361.375 0.627880.863
May 15, 20371.375 0.612360.842
Nov 15, 20371.375 0.596790.821
May 15, 20381.375 0.581690.800
Nov 15, 20381.375 0.566550.779
May 15, 20391.375 0.551870.759
Nov 15, 20391.375 0.537160.739
May 15, 20401.375 0.522820.719
Nov 15, 20401.375 0.508540.699
May 15, 20411.375 0.494710.680
Nov 15, 20411.375 0.480860.661
May 15, 20421.375 0.467440.643
Nov 15, 20421.375 0.454010.624
May 15, 20431.375 0.441010.606
Nov 15, 20431.375 0.428010.589
May 15, 20441.375 0.415360.571
Nov 15, 20441.375 0.402780.554
May 15, 20451.375 0.390610.537
Nov 15, 20451.375 0.378440.520
May 15, 20461.375 0.366680.504
Nov 15, 20461.375 0.357440.491
May 15, 20471.375 0.349010.480
Nov 15, 2047101.375 0.3406434.533
Sum of present values 71.226

Present values sum to the dirty price; subtract 0.254 accrued to get the clean price.

Rate sensitivity i

approximate, from duration & convexity
Parallel rate moveApprox. price changeApprox. indicative price
-200 bp (-2.0%) +35.08% 95.872
-100 bp (-1.0%) +16.15% 82.433
+100 bp (+1.0%) -13.36% 61.491
+200 bp (+2.0%) -23.93% 53.988

Illustrative only — a parallel shift of the whole curve, estimated from modified duration (14.8 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.