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Note Public

U.S. Treasury 2.62% Note due Jul 31, 2029

CUSIP 91282CFC0 · 7-Year · coupon paid semiannually

AAA·Govt
Yield to maturity i
4.20%
annualized · YTW equals YTM (non-callable)
Current yield i
2.75%
Coupon i
2.62%
Modified duration i
2.9 yr
Convexity i
10.23
Indicative price i
95.450
indicative model price — not a tradable quote
real auctioned at 99.335 · 2.73% high yield (Jul 28, 2022) — at issuance, not a current price
Settles i
Jun 18, 2026
priced to this date (T+1 basis)
Total to settle i
96.450
per 100 par (clean 95.450 + accrued 1.001) · ≈ $9,645.04 per $10,000 face
Next coupon i
Jul 31, 2026
1.312 per 100 · $131.25 per $10,000 face

Cash-flow timeline

issue → maturity · each tick is a coupon · ◆ today
todayissued Aug 2022par 100 · Jul 20297 coupons remaining + principal

Terms fetched

Type Note Coupon-paying, 2 to 10 years. Interest every six months.
Term i7-Year
Coupon i2.62% (semiannual)
Maturity iJul 31, 2029
Issue dateAug 1, 2022
Par value i100.00
CallableNo
Amount outstanding i—
Credit AAA·Govt
Look up on TreasuryDirect

Computed metrics computed

Clean price i
95.450
Dirty price i
96.450
Accrued interest i
1.001
per 100 par
Yield to maturity i
4.20%
Yield to worst i
4.20%
Current yield i
2.75%
Modified duration i
2.9 yr
Macaulay duration i
3.0 yr
Convexity i
10.23
DV01 i
0.0282
per 100 par

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

Remaining cash flows

7 payments, discounted off today's curve
DateCash flowDiscount factorPresent value
Jul 31, 20261.312 0.995701.307
Jan 31, 20271.312 0.976031.281
Jul 31, 20271.312 0.956451.255
Jan 31, 20281.312 0.935981.228
Jul 31, 20281.312 0.915731.202
Jan 31, 20291.312 0.896791.177
Jul 31, 2029101.312 0.8784789.000
Sum of present values 96.450

Present values sum to the dirty price; subtract 1.001 accrued to get the clean price.

Rate sensitivity i

approximate, from duration & convexity
Parallel rate moveApprox. price changeApprox. indicative price
-200 bp (-2.0%) +6.04% 101.219
-100 bp (-1.0%) +2.97% 98.286
+100 bp (+1.0%) -2.87% 92.711
+200 bp (+2.0%) -5.64% 90.070

Illustrative only — a parallel shift of the whole curve, estimated from modified duration (2.9 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 →
3.223.814.40Jan 2026Jun 2026

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