BondDesk Every bond, priced off the Treasury curve
Bond Public

U.S. Treasury 1.62% Bond due Nov 15, 2050

CUSIP 912810SS8 · 29-Year 10-Month · coupon paid semiannually

AAA·Govt
Yield to maturity i
4.99%
annualized · YTW equals YTM (non-callable)
Current yield i
3.08%
Coupon i
1.62%
Modified duration i
17.7 yr
Convexity i
390.62
Indicative price i
52.825
indicative model price — not a tradable quote
real auctioned at 95.413 · 1.82% high yield (Jan 13, 2021) · reopening — at issuance, not a current price
Settles i
Jun 18, 2026
priced to this date (T+1 basis)
Total to settle i
52.975
per 100 par (clean 52.825 + accrued 0.150) · ≈ $5,297.54 per $10,000 face
Next coupon i
Nov 15, 2026
0.812 per 100 · $81.25 per $10,000 face

Cash-flow timeline

issue → maturity · each tick is a coupon · ◆ today
todayissued Jan 2021par 100 · Nov 205049 coupons remaining + principal

Terms fetched

Type Bond Coupon-paying, 20 or 30 years. Interest every six months.
Term i29-Year 10-Month
Coupon i1.62% (semiannual)
Maturity iNov 15, 2050
Issue dateJan 15, 2021
Par value i100.00
CallableNo
Amount outstanding i$59.4B
Credit AAA·Govt
Look up on TreasuryDirect

Computed metrics computed

Clean price i
52.825
Dirty price i
52.975
Accrued interest i
0.150
per 100 par
Yield to maturity i
4.99%
Yield to worst i
4.99%
Current yield i
3.08%
Modified duration i
17.7 yr
Macaulay duration i
18.2 yr
Convexity i
390.62
DV01 i
0.0939
per 100 par

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

Remaining cash flows

49 payments, discounted off today's curve
DateCash flowDiscount factorPresent value
Nov 15, 20260.812 0.984320.800
May 15, 20270.812 0.964840.784
Nov 15, 20270.812 0.944600.767
May 15, 20280.812 0.924090.751
Nov 15, 20280.812 0.904670.735
May 15, 20290.812 0.886260.720
Nov 15, 20290.812 0.867670.705
May 15, 20300.812 0.849620.690
Nov 15, 20300.812 0.831580.676
May 15, 20310.812 0.814120.661
Nov 15, 20310.812 0.795970.647
May 15, 20320.812 0.778050.632
Nov 15, 20320.812 0.760100.618
May 15, 20330.812 0.742620.603
Nov 15, 20330.812 0.725410.589
May 15, 20340.812 0.708780.576
Nov 15, 20340.812 0.692100.562
May 15, 20350.812 0.675910.549
Nov 15, 20350.812 0.659670.536
May 15, 20360.812 0.643830.523
Nov 15, 20360.812 0.627880.510
May 15, 20370.812 0.612360.498
Nov 15, 20370.812 0.596790.485
May 15, 20380.812 0.581690.473
Nov 15, 20380.812 0.566550.460
May 15, 20390.812 0.551870.448
Nov 15, 20390.812 0.537160.436
May 15, 20400.812 0.522820.425
Nov 15, 20400.812 0.508540.413
May 15, 20410.812 0.494710.402
Nov 15, 20410.812 0.480860.391
May 15, 20420.812 0.467440.380
Nov 15, 20420.812 0.454010.369
May 15, 20430.812 0.441010.358
Nov 15, 20430.812 0.428010.348
May 15, 20440.812 0.415360.337
Nov 15, 20440.812 0.402780.327
May 15, 20450.812 0.390610.317
Nov 15, 20450.812 0.378440.307
May 15, 20460.812 0.366680.298
Nov 15, 20460.812 0.357440.290
May 15, 20470.812 0.349010.284
Nov 15, 20470.812 0.340640.277
May 15, 20480.812 0.332570.270
Nov 15, 20480.812 0.324610.264
May 15, 20490.812 0.316970.258
Nov 15, 20490.812 0.309380.251
May 15, 20500.812 0.302100.245
Nov 15, 2050100.812 0.2948829.728
Sum of present values 52.975

Present values sum to the dirty price; subtract 0.150 accrued to get the clean price.

Rate sensitivity i

approximate, from duration & convexity
Parallel rate moveApprox. price changeApprox. indicative price
-200 bp (-2.0%) +43.27% 75.682
-100 bp (-1.0%) +19.68% 63.222
+100 bp (+1.0%) -15.77% 44.492
+200 bp (+2.0%) -27.64% 38.223

Illustrative only — a parallel shift of the whole curve, estimated from modified duration (17.7 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.