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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
5.32%
annualized · YTW equals YTM (non-callable)
Current yield i
3.25%
Coupon i
1.62%
Modified duration i
17.4 yr
Convexity i
379.12
Indicative price i
49.956
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
Jul 29, 2026
priced to this date (T+1 basis)
Total to settle i
50.287
per 100 par (clean 49.956 + accrued 0.331) · ≈ $5,028.73 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
49.956
Dirty price i
50.287
Accrued interest i
0.331
per 100 par
Yield to maturity i
5.32%
Yield to worst i
5.32%
Current yield i
3.25%
Modified duration i
17.4 yr
Macaulay duration i
17.8 yr
Convexity i
379.12
DV01 i
0.0873
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 0.988600.803
May 15, 20270.812 0.968930.787
Nov 15, 20270.812 0.948710.771
May 15, 20280.812 0.928230.754
Nov 15, 20280.812 0.907830.738
May 15, 20290.812 0.888240.722
Nov 15, 20290.812 0.868720.706
May 15, 20300.812 0.849900.691
Nov 15, 20300.812 0.831010.675
May 15, 20310.812 0.812660.660
Nov 15, 20310.812 0.793830.645
May 15, 20320.812 0.775080.630
Nov 15, 20320.812 0.756280.614
May 15, 20330.812 0.737930.600
Nov 15, 20330.812 0.719750.585
May 15, 20340.812 0.702260.571
Nov 15, 20340.812 0.684690.556
May 15, 20350.812 0.667620.542
Nov 15, 20350.812 0.650490.529
May 15, 20360.812 0.633760.515
Nov 15, 20360.812 0.617050.501
May 15, 20370.812 0.600820.488
Nov 15, 20370.812 0.584540.475
May 15, 20380.812 0.568750.462
Nov 15, 20380.812 0.552920.449
May 15, 20390.812 0.537580.437
Nov 15, 20390.812 0.522200.424
May 15, 20400.812 0.507220.412
Nov 15, 20400.812 0.492300.400
May 15, 20410.812 0.477840.388
Nov 15, 20410.812 0.463380.376
May 15, 20420.812 0.449380.365
Nov 15, 20420.812 0.435370.354
May 15, 20430.812 0.421810.343
Nov 15, 20430.812 0.408270.332
May 15, 20440.812 0.395090.321
Nov 15, 20440.812 0.382000.310
May 15, 20450.812 0.369340.300
Nov 15, 20450.812 0.356700.290
May 15, 20460.812 0.344490.280
Nov 15, 20460.812 0.334450.272
May 15, 20470.812 0.326090.265
Nov 15, 20470.812 0.317810.258
May 15, 20480.812 0.309830.252
Nov 15, 20480.812 0.301970.245
May 15, 20490.812 0.294440.239
Nov 15, 20490.812 0.286970.233
May 15, 20500.812 0.279820.227
Nov 15, 2050100.812 0.2727327.494
Sum of present values 50.287

Present values sum to the dirty price; subtract 0.331 accrued to get the clean price.

Rate sensitivity i

approximate, from duration & convexity
Parallel rate moveApprox. price changeApprox. indicative price
-200 bp (-2.0%) +42.31% 71.095
-100 bp (-1.0%) +19.26% 59.579
+100 bp (+1.0%) -15.47% 42.228
+200 bp (+2.0%) -27.15% 36.393

Illustrative only — a parallel shift of the whole curve, estimated from modified duration (17.4 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.