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TIPS Public

U.S. Treasury 0.62% TIPS due Jul 15, 2032

CUSIP 91282CEZ0 · 9-Year 8-Month · coupon paid semiannually

AAA·Govt
Real yield to maturity i
2.02%
real yield — off the Treasury real-yield curve
Current yield i
0.68%
Coupon i
0.62%
Modified duration i
5.9 yr
Convexity i
38.09
Indicative REAL price i
92.046
real model per 100 real par — not a tradable quote
real auctioned at 94.295 · 1.49% high yield (Nov 17, 2022) · reopening — at issuance, not a current price
These are real (inflation-adjusted) figures off the Treasury real-yield curve. The actual dollar invoice = the real price × this TIPS's CPI index ratio, which is not applied here.
Settles i
Jun 18, 2026
priced to this date (T+1 basis)
Real price i
92.311
real dirty price per 100 real par. The $ invoice = real price × CPI index ratio (not applied)
Next coupon i
Jul 15, 2026
0.312 per 100 (real coupon; actual $ scales with the CPI index ratio)

Cash-flow timeline

issue → maturity · each tick is a coupon · ◆ today
todayissued Nov 2022par 100 · Jul 203213 coupons remaining + principal

Terms fetched

Type TIPS Treasury Inflation-Protected Securities — principal tracks the CPI.
Term i9-Year 8-Month
Coupon i0.62% (semiannual)
Maturity iJul 15, 2032
Issue dateNov 30, 2022
Par value i100.00
CallableNo
Amount outstanding i$32.0B
Credit AAA·Govt
Look up on TreasuryDirect

Computed metrics computed

Clean price (real) i
92.046
Dirty price (real) i
92.311
Accrued interest i
0.266
per 100 par
Yield to maturity (real) i
2.02%
Yield to worst (real) i
2.02%
Current yield i
0.68%
Modified duration i
5.9 yr
Macaulay duration i
5.9 yr
Convexity i
38.09
DV01 i
0.0544
per 100 par

indicative REAL price/yield — discounted off the Treasury real-yield curve; CPI inflation accrual (index ratio) is not applied.

Remaining cash flows

13 payments, discounted off today's curve
DateCash flowDiscount factorPresent value
Jul 15, 20260.312 0.997300.312
Jan 15, 20270.312 0.977740.306
Jul 15, 20270.312 0.958200.299
Jan 15, 20280.312 0.937780.293
Jul 15, 20280.312 0.917400.287
Jan 15, 20290.312 0.898420.281
Jul 15, 20290.312 0.880090.275
Jan 15, 20300.312 0.861550.269
Jul 15, 20300.312 0.843610.264
Jan 15, 20310.312 0.825660.258
Jul 15, 20310.312 0.808170.253
Jan 15, 20320.312 0.789940.247
Jul 15, 2032100.312 0.7720877.449
Sum of present values 92.311

Present values sum to the dirty price; subtract 0.266 accrued to get the clean price.

Rate sensitivity i

approximate, from duration & convexity
Parallel rate moveApprox. price changeApprox. indicative price
-200 bp (-2.0%) +12.54% 103.586
-100 bp (-1.0%) +6.08% 97.640
+100 bp (+1.0%) -5.7% 86.801
+200 bp (+2.0%) -11.01% 81.908

Illustrative only — a parallel shift of the whole curve, estimated from modified duration (5.9 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 →
3.564.114.66Jan 2026Jun 2026

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