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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
4.91%
annualized · YTW equals YTM (non-callable)
Current yield i
4.87%
Coupon i
4.75%
Modified duration i
15.4 yr
Convexity i
351.39
Indicative price i
97.576
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
Jun 18, 2026
priced to this date (T+1 basis)
Total to settle i
99.190
per 100 par (clean 97.576 + accrued 1.614) · ≈ $9,918.98 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
97.576
Dirty price i
99.190
Accrued interest i
1.614
per 100 par
Yield to maturity i
4.91%
Yield to worst i
4.91%
Current yield i
4.87%
Modified duration i
15.4 yr
Macaulay duration i
15.8 yr
Convexity i
351.39
DV01 i
0.1527
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 0.994142.361
Feb 15, 20272.375 0.974422.314
Aug 15, 20272.375 0.954802.268
Feb 15, 20282.375 0.934292.219
Aug 15, 20282.375 0.914172.171
Feb 15, 20292.375 0.895262.126
Aug 15, 20292.375 0.876952.083
Feb 15, 20302.375 0.858462.039
Aug 15, 20302.375 0.840571.996
Feb 15, 20312.375 0.822671.954
Aug 15, 20312.375 0.805091.912
Feb 15, 20322.375 0.786891.869
Aug 15, 20322.375 0.769051.826
Feb 15, 20332.375 0.751191.784
Aug 15, 20332.375 0.733951.743
Feb 15, 20342.375 0.716931.703
Aug 15, 20342.375 0.700411.663
Feb 15, 20352.375 0.683841.624
Aug 15, 20352.375 0.667761.586
Feb 15, 20362.375 0.651641.548
Aug 15, 20362.375 0.635851.510
Feb 15, 20372.375 0.619961.472
Aug 15, 20372.375 0.604551.436
Feb 15, 20382.375 0.589091.399
Aug 15, 20382.375 0.574091.363
Feb 15, 20392.375 0.559061.328
Aug 15, 20392.375 0.544491.293
Feb 15, 20402.375 0.529891.258
Aug 15, 20402.375 0.515661.225
Feb 15, 20412.375 0.501481.191
Aug 15, 20412.375 0.487751.158
Feb 15, 20422.375 0.474011.126
Aug 15, 20422.375 0.460701.094
Feb 15, 20432.375 0.447381.063
Aug 15, 20432.375 0.434481.032
Feb 15, 20442.375 0.421591.001
Aug 15, 20442.375 0.409040.971
Feb 15, 20452.375 0.396560.942
Aug 15, 20452.375 0.384500.913
Feb 15, 20462.375 0.372440.885
Aug 15, 20462.375 0.361800.859
Feb 15, 20472.375 0.353130.839
Aug 15, 20472.375 0.344800.819
Feb 15, 20482.375 0.336540.799
Aug 15, 20482.375 0.328570.780
Feb 15, 20492.375 0.320700.762
Aug 15, 20492.375 0.313150.744
Feb 15, 20502.375 0.305660.726
Aug 15, 20502.375 0.298470.709
Feb 15, 20512.375 0.291340.692
Aug 15, 20512.375 0.284490.676
Feb 15, 20522.375 0.277700.660
Aug 15, 20522.375 0.271140.644
Feb 15, 20532.375 0.264670.629
Aug 15, 20532.375 0.258460.614
Feb 15, 20542.375 0.252300.599
Aug 15, 20542.375 0.246390.585
Feb 15, 20552.375 0.240530.571
Aug 15, 20552.375 0.234890.558
Feb 15, 2056102.375 0.2293123.475
Sum of present values 99.190

Present values sum to the dirty price; subtract 1.614 accrued to get the clean price.

Rate sensitivity i

approximate, from duration & convexity
Parallel rate moveApprox. price changeApprox. indicative price
-200 bp (-2.0%) +37.82% 134.475
-100 bp (-1.0%) +17.15% 114.311
+100 bp (+1.0%) -13.64% 84.269
+200 bp (+2.0%) -23.76% 74.391

Illustrative only — a parallel shift of the whole curve, estimated from modified duration (15.4 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 →
4.534.915.29Jan 2026Jun 2026

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