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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
4.91%
annualized · YTW equals YTM (non-callable)
Current yield i
4.83%
Coupon i
4.62%
Modified duration i
15.2 yr
Convexity i
340.65
Indicative price i
95.660
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
Jun 18, 2026
priced to this date (T+1 basis)
Total to settle i
97.231
per 100 par (clean 95.660 + accrued 1.571) · ≈ $9,723.13 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
95.660
Dirty price i
97.231
Accrued interest i
1.571
per 100 par
Yield to maturity i
4.91%
Yield to worst i
4.91%
Current yield i
4.83%
Modified duration i
15.2 yr
Macaulay duration i
15.6 yr
Convexity i
340.65
DV01 i
0.1482
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 0.994142.299
Feb 15, 20272.312 0.974422.253
Aug 15, 20272.312 0.954802.208
Feb 15, 20282.312 0.934292.161
Aug 15, 20282.312 0.914172.114
Feb 15, 20292.312 0.895262.070
Aug 15, 20292.312 0.876952.028
Feb 15, 20302.312 0.858461.985
Aug 15, 20302.312 0.840571.944
Feb 15, 20312.312 0.822671.902
Aug 15, 20312.312 0.805091.862
Feb 15, 20322.312 0.786891.820
Aug 15, 20322.312 0.769051.778
Feb 15, 20332.312 0.751191.737
Aug 15, 20332.312 0.733951.697
Feb 15, 20342.312 0.716931.658
Aug 15, 20342.312 0.700411.620
Feb 15, 20352.312 0.683841.581
Aug 15, 20352.312 0.667761.544
Feb 15, 20362.312 0.651641.507
Aug 15, 20362.312 0.635851.470
Feb 15, 20372.312 0.619961.434
Aug 15, 20372.312 0.604551.398
Feb 15, 20382.312 0.589091.362
Aug 15, 20382.312 0.574091.328
Feb 15, 20392.312 0.559061.293
Aug 15, 20392.312 0.544491.259
Feb 15, 20402.312 0.529891.225
Aug 15, 20402.312 0.515661.192
Feb 15, 20412.312 0.501481.160
Aug 15, 20412.312 0.487751.128
Feb 15, 20422.312 0.474011.096
Aug 15, 20422.312 0.460701.065
Feb 15, 20432.312 0.447381.035
Aug 15, 20432.312 0.434481.005
Feb 15, 20442.312 0.421590.975
Aug 15, 20442.312 0.409040.946
Feb 15, 20452.312 0.396560.917
Aug 15, 20452.312 0.384500.889
Feb 15, 20462.312 0.372440.861
Aug 15, 20462.312 0.361800.837
Feb 15, 20472.312 0.353130.817
Aug 15, 20472.312 0.344800.797
Feb 15, 20482.312 0.336540.778
Aug 15, 20482.312 0.328570.760
Feb 15, 20492.312 0.320700.742
Aug 15, 20492.312 0.313150.724
Feb 15, 20502.312 0.305660.707
Aug 15, 20502.312 0.298470.690
Feb 15, 20512.312 0.291340.674
Aug 15, 20512.312 0.284490.658
Feb 15, 20522.312 0.277700.642
Aug 15, 20522.312 0.271140.627
Feb 15, 20532.312 0.264670.612
Aug 15, 20532.312 0.258460.598
Feb 15, 20542.312 0.252300.583
Aug 15, 20542.312 0.246390.570
Feb 15, 2055102.312 0.2405324.609
Sum of present values 97.231

Present values sum to the dirty price; subtract 1.571 accrued to get the clean price.

Rate sensitivity i

approximate, from duration & convexity
Parallel rate moveApprox. price changeApprox. indicative price
-200 bp (-2.0%) +37.29% 131.335
-100 bp (-1.0%) +16.94% 111.868
+100 bp (+1.0%) -13.54% 82.710
+200 bp (+2.0%) -23.67% 73.020

Illustrative only — a parallel shift of the whole curve, estimated from modified duration (15.2 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 →
4.534.915.29Jan 2026Jun 2026

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