BondDesk Every bond, priced off the Treasury curve
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
4.50%
annualized · YTW equals YTM (non-callable)
Current yield i
4.22%
Coupon i
4.12%
Modified duration i
5.8 yr
Convexity i
39.12
Indicative price i
97.843
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
Jul 29, 2026
priced to this date (T+1 basis)
Total to settle i
98.858
per 100 par (clean 97.843 + accrued 1.014) · ≈ $9,885.76 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
97.843
Dirty price i
98.858
Accrued interest i
1.014
per 100 par
Yield to maturity i
4.50%
Yield to worst i
4.50%
Current yield i
4.22%
Modified duration i
5.8 yr
Macaulay duration i
5.9 yr
Convexity i
39.12
DV01 i
0.0570
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 0.990372.043
Apr 30, 20272.062 0.970562.002
Oct 30, 20272.062 0.950501.960
Apr 30, 20282.062 0.929931.918
Oct 30, 20282.062 0.909571.876
Apr 30, 20292.062 0.889861.835
Oct 30, 20292.062 0.870391.795
Apr 30, 20302.062 0.851451.756
Oct 30, 20302.062 0.832641.717
Apr 30, 20312.062 0.814171.679
Oct 30, 20312.062 0.795481.641
Apr 30, 20322.062 0.776621.602
Oct 30, 20322.062 0.757911.563
Apr 30, 2033102.062 0.7394575.470
Sum of present values 98.858

Present values sum to the dirty price; subtract 1.014 accrued to get the clean price.

Rate sensitivity i

approximate, from duration & convexity
Parallel rate moveApprox. price changeApprox. indicative price
-200 bp (-2.0%) +12.31% 109.888
-100 bp (-1.0%) +5.96% 103.674
+100 bp (+1.0%) -5.57% 92.395
+200 bp (+2.0%) -10.74% 87.330

Illustrative only — a parallel shift of the whole curve, estimated from modified duration (5.8 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.