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Note Public

U.S. Treasury 4.12% Note due Apr 30, 2033

CUSIP 91282CQN4 · 7-Year · coupon paid semiannually

AAA·Govt
Yield to maturity i
4.34%
annualized · YTW equals YTM (non-callable)
Current yield i
4.18%
Coupon i
4.12%
Modified duration i
5.9 yr
Convexity i
40.56
Indicative price i
98.750
indicative model price — not a tradable quote
real auctioned at 99.699 · 4.17% high yield (Apr 28, 2026) — at issuance, not a current price
Settles i
Jun 18, 2026
priced to this date (T+1 basis)
Total to settle i
99.302
per 100 par (clean 98.750 + accrued 0.552) · ≈ $9,930.18 per $10,000 face
Next coupon i
Oct 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 2026par 100 · Apr 203314 coupons remaining + principal

Terms fetched

Type Note Coupon-paying, 2 to 10 years. Interest every six months.
Term i7-Year
Coupon i4.12% (semiannual)
Maturity iApr 30, 2033
Issue dateApr 30, 2026
Par value i100.00
CallableNo
Amount outstanding i—
Credit AAA·Govt
Look up on TreasuryDirect

Computed metrics computed

Clean price i
98.750
Dirty price i
99.302
Accrued interest i
0.552
per 100 par
Yield to maturity i
4.34%
Yield to worst i
4.34%
Current yield i
4.18%
Modified duration i
5.9 yr
Macaulay duration i
6.0 yr
Convexity i
40.56
DV01 i
0.0584
per 100 par

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

Remaining cash flows

14 payments, discounted off today's curve
DateCash flowDiscount factorPresent value
Oct 30, 20262.062 0.986052.034
Apr 30, 20272.062 0.966461.993
Oct 30, 20272.062 0.946381.952
Apr 30, 20282.062 0.925791.909
Oct 30, 20282.062 0.906311.869
Apr 30, 20292.062 0.887771.831
Oct 30, 20292.062 0.869271.793
Apr 30, 20302.062 0.851111.755
Oct 30, 20302.062 0.833141.718
Apr 30, 20312.062 0.815551.682
Oct 30, 20312.062 0.797551.645
Apr 30, 20322.062 0.779521.608
Oct 30, 20322.062 0.761651.571
Apr 30, 2033102.062 0.7440675.941
Sum of present values 99.302

Present values sum to the dirty price; subtract 0.552 accrued to get the clean price.

Rate sensitivity i

approximate, from duration & convexity
Parallel rate moveApprox. price changeApprox. indicative price
-200 bp (-2.0%) +12.58% 111.169
-100 bp (-1.0%) +6.09% 104.759
+100 bp (+1.0%) -5.68% 93.141
+200 bp (+2.0%) -10.95% 87.932

Illustrative only — a parallel shift of the whole curve, estimated from modified duration (5.9 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.