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TIPS Public

U.S. Treasury 1.12% TIPS due Jan 15, 2033

CUSIP 91282CGK1 · 9-Year 8-Month · coupon paid semiannually

AAA·Govt
Real yield to maturity i
2.22%
real yield — off the Treasury real-yield curve
Current yield i
1.20%
Coupon i
1.12%
Modified duration i
6.2 yr
Convexity i
41.99
Indicative REAL price i
93.419
real model per 100 real par — not a tradable quote
real auctioned at 98.862 · 1.40% high yield (May 18, 2023) · 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
Jul 29, 2026
priced to this date (T+1 basis)
Real price i
93.462
real dirty price per 100 real par. The $ invoice = real price × CPI index ratio (not applied)
Next coupon i
Jan 15, 2027
0.562 per 100 (real coupon; actual $ scales with the CPI index ratio)

Cash-flow timeline

issue → maturity · each tick is a coupon · ◆ today
todayissued May 2023par 100 · Jan 203313 coupons remaining + principal

Terms fetched

Type TIPS Treasury Inflation-Protected Securities — principal tracks the CPI.
Term i9-Year 8-Month
Coupon i1.12% (semiannual)
Maturity iJan 15, 2033
Issue dateMay 31, 2023
Par value i100.00
CallableNo
Amount outstanding i$32.0B
Credit AAA·Govt
Look up on TreasuryDirect

Computed metrics computed

Clean price (real) i
93.419
Dirty price (real) i
93.462
Accrued interest i
0.043
per 100 par
Yield to maturity (real) i
2.22%
Yield to worst (real) i
2.22%
Current yield i
1.20%
Modified duration i
6.2 yr
Macaulay duration i
6.2 yr
Convexity i
41.99
DV01 i
0.0577
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
Jan 15, 20270.562 0.981910.552
Jul 15, 20270.562 0.962310.541
Jan 15, 20280.562 0.941890.530
Jul 15, 20280.562 0.921270.518
Jan 15, 20290.562 0.901220.507
Jul 15, 20290.562 0.881670.496
Jan 15, 20300.562 0.862350.485
Jul 15, 20300.562 0.843610.475
Jan 15, 20310.562 0.824800.464
Jul 15, 20310.562 0.806530.454
Jan 15, 20320.562 0.787530.443
Jul 15, 20320.562 0.768840.432
Jan 15, 2033100.562 0.7500875.430
Sum of present values 93.462

Present values sum to the dirty price; subtract 0.043 accrued to get the clean price.

Rate sensitivity i

approximate, from duration & convexity
Parallel rate moveApprox. price changeApprox. indicative price
-200 bp (-2.0%) +13.18% 105.732
-100 bp (-1.0%) +6.38% 99.379
+100 bp (+1.0%) -5.96% 87.851
+200 bp (+2.0%) -11.5% 82.676

Illustrative only — a parallel shift of the whole curve, estimated from modified duration (6.2 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 →
3.554.154.75Jan 2026Jul 2026

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