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Bond Public

U.S. Treasury 4.62% Bond due Feb 15, 2055

CUSIP 912810UG1 · 29-Year 10-Month · coupon paid semiannually

AAA·Govt
Yield to maturity i
5.21%
annualized · YTW equals YTM (non-callable)
Current yield i
5.07%
Coupon i
4.62%
Modified duration i
14.8 yr
Convexity i
326.67
Indicative price i
91.294
indicative model price — not a tradable quote
real auctioned at 97.027 · 4.81% high yield (Apr 10, 2025) · reopening — at issuance, not a current price
Settles i
Jul 29, 2026
priced to this date (T+1 basis)
Total to settle i
93.389
per 100 par (clean 91.294 + accrued 2.095) · ≈ $9,338.89 per $10,000 face
Next coupon i
Aug 15, 2026
2.312 per 100 · $231.25 per $10,000 face

Cash-flow timeline

issue → maturity · each tick is a coupon · ◆ today
todayissued Apr 2025par 100 · Feb 205558 coupons remaining + principal

Terms fetched

Type Bond Coupon-paying, 20 or 30 years. Interest every six months.
Term i29-Year 10-Month
Coupon i4.62% (semiannual)
Maturity iFeb 15, 2055
Issue dateApr 15, 2025
Par value i100.00
CallableNo
Amount outstanding i$54.2B
Credit AAA·Govt
Look up on TreasuryDirect

Computed metrics computed

Clean price i
91.294
Dirty price i
93.389
Accrued interest i
2.095
per 100 par
Yield to maturity i
5.21%
Yield to worst i
5.21%
Current yield i
5.07%
Modified duration i
14.8 yr
Macaulay duration i
15.2 yr
Convexity i
326.67
DV01 i
0.1382
per 100 par

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

Remaining cash flows

58 payments, discounted off today's curve
DateCash flowDiscount factorPresent value
Aug 15, 20262.312 0.998282.309
Feb 15, 20272.312 0.978552.263
Aug 15, 20272.312 0.958912.217
Feb 15, 20282.312 0.938412.170
Aug 15, 20282.312 0.917832.122
Feb 15, 20292.312 0.897862.076
Aug 15, 20292.312 0.878372.031
Feb 15, 20302.312 0.859121.987
Aug 15, 20302.312 0.840421.943
Feb 15, 20312.312 0.821651.900
Aug 15, 20312.312 0.803361.858
Feb 15, 20322.312 0.784341.814
Aug 15, 20322.312 0.765671.771
Feb 15, 20332.312 0.746941.727
Aug 15, 20332.312 0.728721.685
Feb 15, 20342.312 0.710831.644
Aug 15, 20342.312 0.693451.604
Feb 15, 20352.312 0.675991.563
Aug 15, 20352.312 0.659031.524
Feb 15, 20362.312 0.642011.485
Aug 15, 20362.312 0.625381.446
Feb 15, 20372.312 0.608781.408
Aug 15, 20372.312 0.592661.371
Feb 15, 20382.312 0.576491.333
Aug 15, 20382.312 0.560811.297
Feb 15, 20392.312 0.545101.261
Aug 15, 20392.312 0.529861.225
Feb 15, 20402.312 0.514601.190
Aug 15, 20402.312 0.499731.156
Feb 15, 20412.312 0.484921.121
Aug 15, 20412.312 0.470581.088
Feb 15, 20422.312 0.456241.055
Aug 15, 20422.312 0.442351.023
Feb 15, 20432.312 0.428450.991
Aug 15, 20432.312 0.415010.960
Feb 15, 20442.312 0.401580.929
Aug 15, 20442.312 0.388520.898
Feb 15, 20452.312 0.375540.868
Aug 15, 20452.312 0.362990.839
Feb 15, 20462.312 0.350470.810
Aug 15, 20462.312 0.338790.783
Feb 15, 20472.312 0.330180.764
Aug 15, 20472.312 0.321930.744
Feb 15, 20482.312 0.313750.726
Aug 15, 20482.312 0.305880.707
Feb 15, 20492.312 0.298120.689
Aug 15, 20492.312 0.290680.672
Feb 15, 20502.312 0.283310.655
Aug 15, 20502.312 0.276250.639
Feb 15, 20512.312 0.269250.623
Aug 15, 20512.312 0.262550.607
Feb 15, 20522.312 0.255900.592
Aug 15, 20522.312 0.249500.577
Feb 15, 20532.312 0.243190.562
Aug 15, 20532.312 0.237150.548
Feb 15, 20542.312 0.231160.535
Aug 15, 20542.312 0.225420.521
Feb 15, 2055102.312 0.2197322.481
Sum of present values 93.389

Present values sum to the dirty price; subtract 2.095 accrued to get the clean price.

Rate sensitivity i

approximate, from duration & convexity
Parallel rate moveApprox. price changeApprox. indicative price
-200 bp (-2.0%) +36.13% 124.279
-100 bp (-1.0%) +16.43% 106.295
+100 bp (+1.0%) -13.17% 79.274
+200 bp (+2.0%) -23.06% 70.237

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 →
4.534.925.31Jan 2026Jul 2026

Par yield of the nearest benchmark tenor — the main input to this bond's price.