BondDesk Every bond, priced off the Treasury curve
Note Public

U.S. Treasury 4.00% Note due Jun 30, 2032

CUSIP 91282CNJ6 · 7-Year · coupon paid semiannually

AAA·Govt
Yield to maturity i
4.29%
annualized · YTW equals YTM (non-callable)
Current yield i
4.06%
Coupon i
4.00%
Modified duration i
5.2 yr
Convexity i
32.04
Indicative price i
98.463
indicative model price — not a tradable quote
real auctioned at 99.867 · 4.02% high yield (Jun 26, 2025) — at issuance, not a current price
Settles i
Jun 18, 2026
priced to this date (T+1 basis)
Total to settle i
100.331
per 100 par (clean 98.463 + accrued 1.868) · ≈ $10,033.15 per $10,000 face
Next coupon i
Jun 30, 2026
2.000 per 100 · $200.00 per $10,000 face

Cash-flow timeline

issue → maturity · each tick is a coupon · ◆ today
todayissued Jun 2025par 100 · Jun 203213 coupons remaining + principal

Terms fetched

Type Note Coupon-paying, 2 to 10 years. Interest every six months.
Term i7-Year
Coupon i4.00% (semiannual)
Maturity iJun 30, 2032
Issue dateJun 30, 2025
Par value i100.00
CallableNo
Amount outstanding i—
Credit AAA·Govt
Look up on TreasuryDirect

Computed metrics computed

Clean price i
98.463
Dirty price i
100.331
Accrued interest i
1.868
per 100 par
Yield to maturity i
4.29%
Yield to worst i
4.29%
Current yield i
4.06%
Modified duration i
5.2 yr
Macaulay duration i
5.3 yr
Convexity i
32.04
DV01 i
0.0522
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
Jun 30, 20262.000 0.998801.998
Dec 30, 20262.000 0.979451.959
Jun 30, 20272.000 0.959851.920
Dec 30, 20272.000 0.939571.879
Jun 30, 20282.000 0.918961.838
Dec 30, 20282.000 0.900061.800
Jun 30, 20292.000 0.881621.763
Dec 30, 20292.000 0.863151.726
Jun 30, 20302.000 0.845091.690
Dec 30, 20302.000 0.827211.654
Jun 30, 20312.000 0.809671.619
Dec 30, 20312.000 0.791521.583
Jun 30, 2032102.000 0.7735478.902
Sum of present values 100.331

Present values sum to the dirty price; subtract 1.868 accrued to get the clean price.

Rate sensitivity i

approximate, from duration & convexity
Parallel rate moveApprox. price changeApprox. indicative price
-200 bp (-2.0%) +11.04% 109.338
-100 bp (-1.0%) +5.36% 103.743
+100 bp (+1.0%) -5.04% 93.499
+200 bp (+2.0%) -9.76% 88.851

Illustrative only — a parallel shift of the whole curve, estimated from modified duration (5.2 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 →
3.564.114.66Jan 2026Jun 2026

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