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Bond Public

U.S. Treasury 5.00% Bond due May 15, 2056

CUSIP 912810UU0 · 29-Year 10-Month · coupon paid semiannually

AAA·Govt
Yield to maturity i
5.21%
annualized · YTW equals YTM (non-callable)
Current yield i
5.16%
Coupon i
5.00%
Modified duration i
15.0 yr
Convexity i
338.16
Indicative price i
96.885
indicative model price — not a tradable quote
real auctioned at 99.098 · 5.06% high yield (Jul 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
97.904
per 100 par (clean 96.885 + accrued 1.019) · ≈ $9,790.36 per $10,000 face
Next coupon i
Nov 15, 2026
2.500 per 100 · $250.00 per $10,000 face

Cash-flow timeline

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

Terms fetched

Type Bond Coupon-paying, 20 or 30 years. Interest every six months.
Term i29-Year 10-Month
Coupon i5.00% (semiannual)
Maturity iMay 15, 2056
Issue dateJul 15, 2026
Par value i100.00
CallableNo
Amount outstanding i$52.9B
Credit AAA·Govt
Look up on TreasuryDirect

Computed metrics computed

Clean price i
96.885
Dirty price i
97.904
Accrued interest i
1.019
per 100 par
Yield to maturity i
5.21%
Yield to worst i
5.21%
Current yield i
5.16%
Modified duration i
15.0 yr
Macaulay duration i
15.4 yr
Convexity i
338.16
DV01 i
0.1471
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
Nov 15, 20262.500 0.988602.471
May 15, 20272.500 0.968932.422
Nov 15, 20272.500 0.948712.372
May 15, 20282.500 0.928232.321
Nov 15, 20282.500 0.907832.270
May 15, 20292.500 0.888242.221
Nov 15, 20292.500 0.868722.172
May 15, 20302.500 0.849902.125
Nov 15, 20302.500 0.831012.078
May 15, 20312.500 0.812662.032
Nov 15, 20312.500 0.793831.985
May 15, 20322.500 0.775081.938
Nov 15, 20322.500 0.756281.891
May 15, 20332.500 0.737931.845
Nov 15, 20332.500 0.719751.799
May 15, 20342.500 0.702261.756
Nov 15, 20342.500 0.684691.712
May 15, 20352.500 0.667621.669
Nov 15, 20352.500 0.650491.626
May 15, 20362.500 0.633761.584
Nov 15, 20362.500 0.617051.543
May 15, 20372.500 0.600821.502
Nov 15, 20372.500 0.584541.461
May 15, 20382.500 0.568751.422
Nov 15, 20382.500 0.552921.382
May 15, 20392.500 0.537581.344
Nov 15, 20392.500 0.522201.305
May 15, 20402.500 0.507221.268
Nov 15, 20402.500 0.492301.231
May 15, 20412.500 0.477841.195
Nov 15, 20412.500 0.463381.158
May 15, 20422.500 0.449381.123
Nov 15, 20422.500 0.435371.088
May 15, 20432.500 0.421811.055
Nov 15, 20432.500 0.408271.021
May 15, 20442.500 0.395090.988
Nov 15, 20442.500 0.382000.955
May 15, 20452.500 0.369340.923
Nov 15, 20452.500 0.356700.892
May 15, 20462.500 0.344490.861
Nov 15, 20462.500 0.334450.836
May 15, 20472.500 0.326090.815
Nov 15, 20472.500 0.317810.795
May 15, 20482.500 0.309830.775
Nov 15, 20482.500 0.301970.755
May 15, 20492.500 0.294440.736
Nov 15, 20492.500 0.286970.717
May 15, 20502.500 0.279820.700
Nov 15, 20502.500 0.272730.682
May 15, 20512.500 0.265930.665
Nov 15, 20512.500 0.259200.648
May 15, 20522.500 0.252720.632
Nov 15, 20522.500 0.246330.616
May 15, 20532.500 0.240200.601
Nov 15, 20532.500 0.234130.585
May 15, 20542.500 0.228320.571
Nov 15, 20542.500 0.222560.556
May 15, 20552.500 0.217030.543
Nov 15, 20552.500 0.211560.529
May 15, 2056102.500 0.2062921.145
Sum of present values 97.904

Present values sum to the dirty price; subtract 1.019 accrued to get the clean price.

Rate sensitivity i

approximate, from duration & convexity
Parallel rate moveApprox. price changeApprox. indicative price
-200 bp (-2.0%) +36.81% 132.546
-100 bp (-1.0%) +16.71% 113.077
+100 bp (+1.0%) -13.33% 83.968
+200 bp (+2.0%) -23.28% 74.328

Illustrative only — a parallel shift of the whole curve, estimated from modified duration (15.0 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.