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Bond Public

U.S. Treasury 3.25% Bond due May 15, 2042

CUSIP 912810TH1 · 19-Year 10-Month · coupon paid semiannually

AAA·Govt
Yield to maturity i
5.02%
annualized · YTW equals YTM (non-callable)
Current yield i
4.02%
Coupon i
3.25%
Modified duration i
11.6 yr
Convexity i
167.90
Indicative price i
80.819
indicative model price — not a tradable quote
real auctioned at 97.563 · 3.42% high yield (Jul 20, 2022) · reopening — at issuance, not a current price
Settles i
Jul 29, 2026
priced to this date (T+1 basis)
Total to settle i
81.481
per 100 par (clean 80.819 + accrued 0.662) · ≈ $8,148.14 per $10,000 face
Next coupon i
Nov 15, 2026
1.625 per 100 · $162.50 per $10,000 face

Cash-flow timeline

issue → maturity · each tick is a coupon · ◆ today
todayissued Aug 2022par 100 · May 204232 coupons remaining + principal

Terms fetched

Type Bond Coupon-paying, 20 or 30 years. Interest every six months.
Term i19-Year 10-Month
Coupon i3.25% (semiannual)
Maturity iMay 15, 2042
Issue dateAug 1, 2022
Par value i100.00
CallableNo
Amount outstanding i$34.6B
Credit AAA·Govt
Look up on TreasuryDirect

Computed metrics computed

Clean price i
80.819
Dirty price i
81.481
Accrued interest i
0.662
per 100 par
Yield to maturity i
5.02%
Yield to worst i
5.02%
Current yield i
4.02%
Modified duration i
11.6 yr
Macaulay duration i
11.9 yr
Convexity i
167.90
DV01 i
0.0948
per 100 par

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

Remaining cash flows

32 payments, discounted off today's curve
DateCash flowDiscount factorPresent value
Nov 15, 20261.625 0.988601.606
May 15, 20271.625 0.968931.575
Nov 15, 20271.625 0.948711.542
May 15, 20281.625 0.928231.508
Nov 15, 20281.625 0.907831.475
May 15, 20291.625 0.888241.443
Nov 15, 20291.625 0.868721.412
May 15, 20301.625 0.849901.381
Nov 15, 20301.625 0.831011.350
May 15, 20311.625 0.812661.321
Nov 15, 20311.625 0.793831.290
May 15, 20321.625 0.775081.260
Nov 15, 20321.625 0.756281.229
May 15, 20331.625 0.737931.199
Nov 15, 20331.625 0.719751.170
May 15, 20341.625 0.702261.141
Nov 15, 20341.625 0.684691.113
May 15, 20351.625 0.667621.085
Nov 15, 20351.625 0.650491.057
May 15, 20361.625 0.633761.030
Nov 15, 20361.625 0.617051.003
May 15, 20371.625 0.600820.976
Nov 15, 20371.625 0.584540.950
May 15, 20381.625 0.568750.924
Nov 15, 20381.625 0.552920.899
May 15, 20391.625 0.537580.874
Nov 15, 20391.625 0.522200.849
May 15, 20401.625 0.507220.824
Nov 15, 20401.625 0.492300.800
May 15, 20411.625 0.477840.776
Nov 15, 20411.625 0.463380.753
May 15, 2042101.625 0.4493845.668
Sum of present values 81.481

Present values sum to the dirty price; subtract 0.662 accrued to get the clean price.

Rate sensitivity i

approximate, from duration & convexity
Parallel rate moveApprox. price changeApprox. indicative price
-200 bp (-2.0%) +26.63% 102.345
-100 bp (-1.0%) +12.48% 90.903
+100 bp (+1.0%) -10.8% 72.092
+200 bp (+2.0%) -19.92% 64.721

Illustrative only — a parallel shift of the whole curve, estimated from modified duration (11.6 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.