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Note Public

U.S. Treasury 4.12% Note due Mar 31, 2029

CUSIP 91282CKG5 · 5-Year · coupon paid semiannually

AAA·Govt
Yield to maturity i
4.19%
annualized · YTW equals YTM (non-callable)
Current yield i
4.13%
Coupon i
4.12%
Modified duration i
2.6 yr
Convexity i
8.17
Indicative price i
99.818
indicative model price — not a tradable quote
real auctioned at 99.509 · 4.24% high yield (Mar 26, 2024) — at issuance, not a current price
Settles i
Jun 18, 2026
priced to this date (T+1 basis)
Total to settle i
100.708
per 100 par (clean 99.818 + accrued 0.890) · ≈ $10,070.82 per $10,000 face
Next coupon i
Sep 30, 2026
2.062 per 100 · $206.25 per $10,000 face

Cash-flow timeline

issue → maturity · each tick is a coupon · ◆ today
todayissued Apr 2024par 100 · Mar 20296 coupons remaining + principal

Terms fetched

Type Note Coupon-paying, 2 to 10 years. Interest every six months.
Term i5-Year
Coupon i4.12% (semiannual)
Maturity iMar 31, 2029
Issue dateApr 1, 2024
Par value i100.00
CallableNo
Amount outstanding i—
Credit AAA·Govt
Look up on TreasuryDirect

Computed metrics computed

Clean price i
99.818
Dirty price i
100.708
Accrued interest i
0.890
per 100 par
Yield to maturity i
4.19%
Yield to worst i
4.19%
Current yield i
4.13%
Modified duration i
2.6 yr
Macaulay duration i
2.6 yr
Convexity i
8.17
DV01 i
0.0260
per 100 par

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

Remaining cash flows

6 payments, discounted off today's curve
DateCash flowDiscount factorPresent value
Sep 30, 20262.062 0.989232.040
Mar 31, 20272.062 0.969702.000
Sep 30, 20272.062 0.949711.959
Mar 31, 20282.062 0.929201.916
Sep 30, 20282.062 0.909411.876
Mar 31, 2029102.062 0.8908090.917
Sum of present values 100.708

Present values sum to the dirty price; subtract 0.890 accrued to get the clean price.

Rate sensitivity i

approximate, from duration & convexity
Parallel rate moveApprox. price changeApprox. indicative price
-200 bp (-2.0%) +5.33% 105.136
-100 bp (-1.0%) +2.62% 102.436
+100 bp (+1.0%) -2.54% 97.281
+200 bp (+2.0%) -5.0% 94.826

Illustrative only — a parallel shift of the whole curve, estimated from modified duration (2.6 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.