BondDesk Every bond, priced off the Treasury curve
Note Public

U.S. Treasury 3.50% Note due Feb 28, 2031

CUSIP 91282CQD6 · 5-Year · coupon paid semiannually

AAA·Govt
Yield to maturity i
4.23%
annualized · YTW equals YTM (non-callable)
Current yield i
3.61%
Coupon i
3.50%
Modified duration i
4.2 yr
Convexity i
20.99
Indicative price i
96.919
indicative model price — not a tradable quote
real auctioned at 99.478 · 3.62% high yield (Feb 25, 2026) — at issuance, not a current price
Settles i
Jun 18, 2026
priced to this date (T+1 basis)
Total to settle i
97.983
per 100 par (clean 96.919 + accrued 1.064) · ≈ $9,798.28 per $10,000 face
Next coupon i
Aug 28, 2026
1.750 per 100 · $175.00 per $10,000 face

Cash-flow timeline

issue → maturity · each tick is a coupon · ◆ today
todayissued Mar 2026par 100 · Feb 203110 coupons remaining + principal

Terms fetched

Type Note Coupon-paying, 2 to 10 years. Interest every six months.
Term i5-Year
Coupon i3.50% (semiannual)
Maturity iFeb 28, 2031
Issue dateMar 2, 2026
Par value i100.00
CallableNo
Amount outstanding i—
Credit AAA·Govt
Look up on TreasuryDirect

Computed metrics computed

Clean price i
96.919
Dirty price i
97.983
Accrued interest i
1.064
per 100 par
Yield to maturity i
4.23%
Yield to worst i
4.23%
Current yield i
3.61%
Modified duration i
4.2 yr
Macaulay duration i
4.3 yr
Convexity i
20.99
DV01 i
0.0414
per 100 par

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

Remaining cash flows

10 payments, discounted off today's curve
DateCash flowDiscount factorPresent value
Aug 28, 20261.750 0.992761.737
Feb 28, 20271.750 0.973031.703
Aug 28, 20271.750 0.953361.668
Feb 28, 20281.750 0.932821.632
Aug 28, 20281.750 0.912821.597
Feb 28, 20291.750 0.893941.564
Aug 28, 20291.750 0.875631.532
Feb 28, 20301.750 0.857161.500
Aug 28, 20301.750 0.839291.469
Feb 28, 2031101.750 0.8214183.579
Sum of present values 97.983

Present values sum to the dirty price; subtract 1.064 accrued to get the clean price.

Rate sensitivity i

approximate, from duration & convexity
Parallel rate moveApprox. price changeApprox. indicative price
-200 bp (-2.0%) +8.88% 105.524
-100 bp (-1.0%) +4.33% 101.120
+100 bp (+1.0%) -4.12% 92.922
+200 bp (+2.0%) -8.04% 89.128

Illustrative only — a parallel shift of the whole curve, estimated from modified duration (4.2 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 →
3.353.924.48Jan 2026Jun 2026

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