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Note Public

U.S. Treasury 3.12% Note due Aug 31, 2029

CUSIP 91282CFJ5 · 7-Year · coupon paid semiannually

AAA·Govt
Yield to maturity i
4.20%
annualized · YTW equals YTM (non-callable)
Current yield i
3.23%
Coupon i
3.12%
Modified duration i
3.0 yr
Convexity i
10.64
Indicative price i
96.806
indicative model price — not a tradable quote
real auctioned at 99.969 · 3.13% high yield (Aug 25, 2022) — at issuance, not a current price
Settles i
Jun 18, 2026
priced to this date (T+1 basis)
Total to settle i
97.741
per 100 par (clean 96.806 + accrued 0.934) · ≈ $9,774.05 per $10,000 face
Next coupon i
Aug 31, 2026
1.562 per 100 · $156.25 per $10,000 face

Cash-flow timeline

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

Terms fetched

Type Note Coupon-paying, 2 to 10 years. Interest every six months.
Term i7-Year
Coupon i3.12% (semiannual)
Maturity iAug 31, 2029
Issue dateAug 31, 2022
Par value i100.00
CallableNo
Amount outstanding i—
Credit AAA·Govt
Look up on TreasuryDirect

Computed metrics computed

Clean price i
96.806
Dirty price i
97.741
Accrued interest i
0.934
per 100 par
Yield to maturity i
4.20%
Yield to worst i
4.20%
Current yield i
3.23%
Modified duration i
3.0 yr
Macaulay duration i
3.0 yr
Convexity i
10.64
DV01 i
0.0291
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
Aug 31, 20261.562 0.992441.551
Feb 28, 20271.562 0.973031.520
Aug 31, 20271.562 0.953031.489
Feb 29, 20281.562 0.932711.457
Aug 31, 20281.562 0.912511.426
Feb 28, 20291.562 0.893941.397
Aug 31, 2029101.562 0.8753388.900
Sum of present values 97.741

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%) +6.17% 102.778
-100 bp (-1.0%) +3.03% 99.741
+100 bp (+1.0%) -2.92% 93.975
+200 bp (+2.0%) -5.74% 91.247

Illustrative only — a parallel shift of the whole curve, estimated from modified duration (3.0 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 →
3.223.814.40Jan 2026Jun 2026

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