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Note Public

U.S. Treasury 2.75% Note due Aug 15, 2032

CUSIP 91282CFF3 · 9-Year 10-Month · coupon paid semiannually

AAA·Govt
Yield to maturity i
4.30%
annualized · YTW equals YTM (non-callable)
Current yield i
3.00%
Coupon i
2.75%
Modified duration i
5.5 yr
Convexity i
34.95
Indicative price i
91.683
indicative model price — not a tradable quote
real auctioned at 90.449 · 3.93% high yield (Oct 12, 2022) · reopening — at issuance, not a current price
Settles i
Jun 18, 2026
priced to this date (T+1 basis)
Total to settle i
92.617
per 100 par (clean 91.683 + accrued 0.934) · ≈ $9,261.70 per $10,000 face
Next coupon i
Aug 15, 2026
1.375 per 100 · $137.50 per $10,000 face

Cash-flow timeline

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

Terms fetched

Type Note Coupon-paying, 2 to 10 years. Interest every six months.
Term i9-Year 10-Month
Coupon i2.75% (semiannual)
Maturity iAug 15, 2032
Issue dateOct 17, 2022
Par value i100.00
CallableNo
Amount outstanding i$89.1B
Credit AAA·Govt
Look up on TreasuryDirect

Computed metrics computed

Clean price i
91.683
Dirty price i
92.617
Accrued interest i
0.934
per 100 par
Yield to maturity i
4.30%
Yield to worst i
4.30%
Current yield i
3.00%
Modified duration i
5.5 yr
Macaulay duration i
5.6 yr
Convexity i
34.95
DV01 i
0.0510
per 100 par

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

Remaining cash flows

13 payments, discounted off today's curve
DateCash flowDiscount factorPresent value
Aug 15, 20261.375 0.994141.367
Feb 15, 20271.375 0.974421.340
Aug 15, 20271.375 0.954801.313
Feb 15, 20281.375 0.934291.285
Aug 15, 20281.375 0.914171.257
Feb 15, 20291.375 0.895261.231
Aug 15, 20291.375 0.876951.206
Feb 15, 20301.375 0.858461.180
Aug 15, 20301.375 0.840571.156
Feb 15, 20311.375 0.822671.131
Aug 15, 20311.375 0.805091.107
Feb 15, 20321.375 0.786891.082
Aug 15, 2032101.375 0.7690577.963
Sum of present values 92.617

Present values sum to the dirty price; subtract 0.934 accrued to get the clean price.

Rate sensitivity i

approximate, from duration & convexity
Parallel rate moveApprox. price changeApprox. indicative price
-200 bp (-2.0%) +11.72% 102.425
-100 bp (-1.0%) +5.68% 96.893
+100 bp (+1.0%) -5.33% 86.792
+200 bp (+2.0%) -10.32% 82.222

Illustrative only — a parallel shift of the whole curve, estimated from modified duration (5.5 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.