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Note Public

U.S. Treasury 0.88% Note due Sep 30, 2026

CUSIP 91282CCZ2 · 5-Year · coupon paid semiannually

AAA·Govt
Yield to maturity i
3.89%
annualized · YTW equals YTM (non-callable)
Current yield i
0.88%
Coupon i
0.88%
Modified duration i
0.3 yr
Convexity i
0.20
Indicative price i
99.191
indicative model price — not a tradable quote
real auctioned at 99.440 · 0.99% high yield (Sep 27, 2021) — at issuance, not a current price
Settles i
Jun 22, 2026
priced to this date (T+1 basis)
Total to settle i
99.391
per 100 par (clean 99.191 + accrued 0.200) · ≈ $9,939.05 per $10,000 face
Next coupon i
Sep 30, 2026
0.438 per 100 · $43.75 per $10,000 face

Cash-flow timeline

issue → maturity · each tick is a coupon · ◆ today
todayissued Sep 2021par 100 · Sep 20261 coupons remaining + principal

Terms fetched

Type Note Coupon-paying, 2 to 10 years. Interest every six months.
Term i5-Year
Coupon i0.88% (semiannual)
Maturity iSep 30, 2026
Issue dateSep 30, 2021
Par value i100.00
CallableNo
Amount outstanding i—
Credit AAA·Govt
Look up on TreasuryDirect

Computed metrics computed

Clean price i
99.191
Dirty price i
99.391
Accrued interest i
0.200
per 100 par
Yield to maturity i
3.89%
Yield to worst i
3.89%
Current yield i
0.88%
Modified duration i
0.3 yr
Macaulay duration i
0.3 yr
Convexity i
0.20
DV01 i
0.0026
per 100 par

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

Remaining cash flows

1 payments, discounted off today's curve
DateCash flowDiscount factorPresent value
Sep 30, 2026100.438 0.9895899.391
Sum of present values 99.391

Present values sum to the dirty price; subtract 0.200 accrued to get the clean price.

Rate sensitivity i

approximate, from duration & convexity
Parallel rate moveApprox. price changeApprox. indicative price
-200 bp (-2.0%) +0.54% 99.724
-100 bp (-1.0%) +0.27% 99.456
+100 bp (+1.0%) -0.27% 98.927
+200 bp (+2.0%) -0.53% 98.666

Illustrative only — a parallel shift of the whole curve, estimated from modified duration (0.3 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 →
3.573.743.90Jan 2026Jun 2026

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