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Bond Public

U.S. Treasury 4.75% Bond due Feb 15, 2056

CUSIP 912810UR7 · 29-Year 10-Month · coupon paid semiannually

AAA·Govt
Yield to maturity i
5.21%
annualized · YTW equals YTM (non-callable)
Current yield i
5.10%
Coupon i
4.75%
Modified duration i
14.9 yr
Convexity i
336.53
Indicative price i
93.087
indicative model price — not a tradable quote
real auctioned at 98.017 · 4.88% high yield (Apr 9, 2026) · reopening — at issuance, not a current price
Settles i
Jul 29, 2026
priced to this date (T+1 basis)
Total to settle i
95.239
per 100 par (clean 93.087 + accrued 2.152) · ≈ $9,523.89 per $10,000 face
Next coupon i
Aug 15, 2026
2.375 per 100 · $237.50 per $10,000 face

Cash-flow timeline

issue → maturity · each tick is a coupon · ◆ today
todayissued Apr 2026par 100 · Feb 205660 coupons remaining + principal

Terms fetched

Type Bond Coupon-paying, 20 or 30 years. Interest every six months.
Term i29-Year 10-Month
Coupon i4.75% (semiannual)
Maturity iFeb 15, 2056
Issue dateApr 15, 2026
Par value i100.00
CallableNo
Amount outstanding i$54.1B
Credit AAA·Govt
Look up on TreasuryDirect

Computed metrics computed

Clean price i
93.087
Dirty price i
95.239
Accrued interest i
2.152
per 100 par
Yield to maturity i
5.21%
Yield to worst i
5.21%
Current yield i
5.10%
Modified duration i
14.9 yr
Macaulay duration i
15.3 yr
Convexity i
336.53
DV01 i
0.1422
per 100 par

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

Remaining cash flows

60 payments, discounted off today's curve
DateCash flowDiscount factorPresent value
Aug 15, 20262.375 0.998282.371
Feb 15, 20272.375 0.978552.324
Aug 15, 20272.375 0.958912.277
Feb 15, 20282.375 0.938412.229
Aug 15, 20282.375 0.917832.180
Feb 15, 20292.375 0.897862.132
Aug 15, 20292.375 0.878372.086
Feb 15, 20302.375 0.859122.040
Aug 15, 20302.375 0.840421.996
Feb 15, 20312.375 0.821651.951
Aug 15, 20312.375 0.803361.908
Feb 15, 20322.375 0.784341.863
Aug 15, 20322.375 0.765671.818
Feb 15, 20332.375 0.746941.774
Aug 15, 20332.375 0.728721.731
Feb 15, 20342.375 0.710831.688
Aug 15, 20342.375 0.693451.647
Feb 15, 20352.375 0.675991.605
Aug 15, 20352.375 0.659031.565
Feb 15, 20362.375 0.642011.525
Aug 15, 20362.375 0.625381.485
Feb 15, 20372.375 0.608781.446
Aug 15, 20372.375 0.592661.408
Feb 15, 20382.375 0.576491.369
Aug 15, 20382.375 0.560811.332
Feb 15, 20392.375 0.545101.295
Aug 15, 20392.375 0.529861.258
Feb 15, 20402.375 0.514601.222
Aug 15, 20402.375 0.499731.187
Feb 15, 20412.375 0.484921.152
Aug 15, 20412.375 0.470581.118
Feb 15, 20422.375 0.456241.084
Aug 15, 20422.375 0.442351.051
Feb 15, 20432.375 0.428451.018
Aug 15, 20432.375 0.415010.986
Feb 15, 20442.375 0.401580.954
Aug 15, 20442.375 0.388520.923
Feb 15, 20452.375 0.375540.892
Aug 15, 20452.375 0.362990.862
Feb 15, 20462.375 0.350470.832
Aug 15, 20462.375 0.338790.805
Feb 15, 20472.375 0.330180.784
Aug 15, 20472.375 0.321930.765
Feb 15, 20482.375 0.313750.745
Aug 15, 20482.375 0.305880.726
Feb 15, 20492.375 0.298120.708
Aug 15, 20492.375 0.290680.690
Feb 15, 20502.375 0.283310.673
Aug 15, 20502.375 0.276250.656
Feb 15, 20512.375 0.269250.639
Aug 15, 20512.375 0.262550.624
Feb 15, 20522.375 0.255900.608
Aug 15, 20522.375 0.249500.593
Feb 15, 20532.375 0.243190.578
Aug 15, 20532.375 0.237150.563
Feb 15, 20542.375 0.231160.549
Aug 15, 20542.375 0.225420.535
Feb 15, 20552.375 0.219730.522
Aug 15, 20552.375 0.214280.509
Feb 15, 2056102.375 0.2088821.384
Sum of present values 95.239

Present values sum to the dirty price; subtract 2.152 accrued to get the clean price.

Rate sensitivity i

approximate, from duration & convexity
Parallel rate moveApprox. price changeApprox. indicative price
-200 bp (-2.0%) +36.6% 127.159
-100 bp (-1.0%) +16.62% 108.556
+100 bp (+1.0%) -13.25% 80.750
+200 bp (+2.0%) -23.14% 71.546

Illustrative only — a parallel shift of the whole curve, estimated from modified duration (14.9 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.