T-BOND USA FX 4.75% NOV53 USD
US912810TV08
United States Department of the TreasuryForeign governmentEuroTLX · Hi-MTF
- Last price
- 87.38
- as of 09/10/2026
- Gross yield
- 5.75%
- Net yield
- 5.04%
- Maturity
- 15/11/2053
- 27y 1m
Simulation for information and education only, computed automatically from the values entered. It is not financial advice, nor a recommendation or solicitation to buy or sell. Prices and data may be inaccurate or out of date: always check with your broker and the bond documentation and, if needed, consult a licensed adviser.
Simulate a purchase
Change the values: every figure updates at once. The page link keeps the simulation.
Amounts are in USD, the bond currency: exchange rate effects (and their taxation) are not considered.
- Settlement amount
- US$9,986.42
- Net gain at maturity
- US$13,838.15
- Net yield
- 5.04%
- Gross yield
- 5.74%
Order details
- Settlement date
- 20/10/2026
- Purchase price (clean)
- 87.38
- Nominal value
- 11,200
- Clean value
- US$9,786.56
- Gross accrued interest
- US$228.41
- Tax credit on accrued interest
- -US$28.55
- Commissions
- US$0.00
- Settlement amount
- US$9,986.42
Yields and duration
| Gross | Net | Net without capital gain tax | |
|---|---|---|---|
| Annual yield | 5.74% | 5.04% | 5.07% |
| Modified duration | 13.57 | 14.27 | 14.24 |
The last column applies when the capital gain is offset by earlier capital losses.
Outcome at maturity
- Gross coupons
- US$14,630.00
- Tax on coupons
- -US$1,828.75
- Redemption of the nominal
- US$11,200.00
- Capital gain
- US$1,413.44
- Capital gain tax
- -US$176.68
- Net gain at maturity
- US$13,838.15
Cash flows
| Date | Description | Amount |
|---|---|---|
| 20/10/2026 | Payment of the price | -US$9,786.56 |
| 20/10/2026 | Gross accrued interest | -US$228.41 |
| 20/10/2026 | Tax credit on accrued interest | US$28.55 |
| 15/11/2026 | Gross coupon | US$266.00 |
| 15/11/2026 | Tax on the coupon | -US$33.25 |
| 15/05/2027 | Gross coupon | US$266.00 |
| 15/05/2027 | Tax on the coupon | -US$33.25 |
| 15/11/2027 | Gross coupon | US$266.00 |
| 15/11/2027 | Tax on the coupon | -US$33.25 |
| 15/05/2028 | Gross coupon | US$266.00 |
| 15/05/2028 | Tax on the coupon | -US$33.25 |
| 15/11/2028 | Gross coupon | US$266.00 |
| 15/11/2028 | Tax on the coupon | -US$33.25 |
| 15/05/2029 | Gross coupon | US$266.00 |
| 15/05/2029 | Tax on the coupon | -US$33.25 |
| 15/11/2029 | Gross coupon | US$266.00 |
| 15/11/2029 | Tax on the coupon | -US$33.25 |
| 15/05/2030 | Gross coupon | US$266.00 |
| 15/05/2030 | Tax on the coupon | -US$33.25 |
| 15/11/2030 | Gross coupon | US$266.00 |
| 15/11/2030 | Tax on the coupon | -US$33.25 |
| 15/05/2031 | Gross coupon | US$266.00 |
| 15/05/2031 | Tax on the coupon | -US$33.25 |
| 15/11/2031 | Gross coupon | US$266.00 |
| 15/11/2031 | Tax on the coupon | -US$33.25 |
| 15/05/2032 | Gross coupon | US$266.00 |
| 15/05/2032 | Tax on the coupon | -US$33.25 |
| 15/11/2032 | Gross coupon | US$266.00 |
| 15/11/2032 | Tax on the coupon | -US$33.25 |
| 15/05/2033 | Gross coupon | US$266.00 |
| 15/05/2033 | Tax on the coupon | -US$33.25 |
| 15/11/2033 | Gross coupon | US$266.00 |
| 15/11/2033 | Tax on the coupon | -US$33.25 |
| 15/05/2034 | Gross coupon | US$266.00 |
| 15/05/2034 | Tax on the coupon | -US$33.25 |
| 15/11/2034 | Gross coupon | US$266.00 |
| 15/11/2034 | Tax on the coupon | -US$33.25 |
| 15/05/2035 | Gross coupon | US$266.00 |
| 15/05/2035 | Tax on the coupon | -US$33.25 |
| 15/11/2035 | Gross coupon | US$266.00 |
| 15/11/2035 | Tax on the coupon | -US$33.25 |
| 15/05/2036 | Gross coupon | US$266.00 |
| 15/05/2036 | Tax on the coupon | -US$33.25 |
| 15/11/2036 | Gross coupon | US$266.00 |
| 15/11/2036 | Tax on the coupon | -US$33.25 |
| 15/05/2037 | Gross coupon | US$266.00 |
| 15/05/2037 | Tax on the coupon | -US$33.25 |
| 15/11/2037 | Gross coupon | US$266.00 |
| 15/11/2037 | Tax on the coupon | -US$33.25 |
| 15/05/2038 | Gross coupon | US$266.00 |
| 15/05/2038 | Tax on the coupon | -US$33.25 |
| 15/11/2038 | Gross coupon | US$266.00 |
| 15/11/2038 | Tax on the coupon | -US$33.25 |
| 15/05/2039 | Gross coupon | US$266.00 |
| 15/05/2039 | Tax on the coupon | -US$33.25 |
| 15/11/2039 | Gross coupon | US$266.00 |
| 15/11/2039 | Tax on the coupon | -US$33.25 |
| 15/05/2040 | Gross coupon | US$266.00 |
| 15/05/2040 | Tax on the coupon | -US$33.25 |
| 15/11/2040 | Gross coupon | US$266.00 |
| 15/11/2040 | Tax on the coupon | -US$33.25 |
| 15/05/2041 | Gross coupon | US$266.00 |
| 15/05/2041 | Tax on the coupon | -US$33.25 |
| 15/11/2041 | Gross coupon | US$266.00 |
| 15/11/2041 | Tax on the coupon | -US$33.25 |
| 15/05/2042 | Gross coupon | US$266.00 |
| 15/05/2042 | Tax on the coupon | -US$33.25 |
| 15/11/2042 | Gross coupon | US$266.00 |
| 15/11/2042 | Tax on the coupon | -US$33.25 |
| 15/05/2043 | Gross coupon | US$266.00 |
| 15/05/2043 | Tax on the coupon | -US$33.25 |
| 15/11/2043 | Gross coupon | US$266.00 |
| 15/11/2043 | Tax on the coupon | -US$33.25 |
| 15/05/2044 | Gross coupon | US$266.00 |
| 15/05/2044 | Tax on the coupon | -US$33.25 |
| 15/11/2044 | Gross coupon | US$266.00 |
| 15/11/2044 | Tax on the coupon | -US$33.25 |
| 15/05/2045 | Gross coupon | US$266.00 |
| 15/05/2045 | Tax on the coupon | -US$33.25 |
| 15/11/2045 | Gross coupon | US$266.00 |
| 15/11/2045 | Tax on the coupon | -US$33.25 |
| 15/05/2046 | Gross coupon | US$266.00 |
| 15/05/2046 | Tax on the coupon | -US$33.25 |
| 15/11/2046 | Gross coupon | US$266.00 |
| 15/11/2046 | Tax on the coupon | -US$33.25 |
| 15/05/2047 | Gross coupon | US$266.00 |
| 15/05/2047 | Tax on the coupon | -US$33.25 |
| 15/11/2047 | Gross coupon | US$266.00 |
| 15/11/2047 | Tax on the coupon | -US$33.25 |
| 15/05/2048 | Gross coupon | US$266.00 |
| 15/05/2048 | Tax on the coupon | -US$33.25 |
| 15/11/2048 | Gross coupon | US$266.00 |
| 15/11/2048 | Tax on the coupon | -US$33.25 |
| 15/05/2049 | Gross coupon | US$266.00 |
| 15/05/2049 | Tax on the coupon | -US$33.25 |
| 15/11/2049 | Gross coupon | US$266.00 |
| 15/11/2049 | Tax on the coupon | -US$33.25 |
| 15/05/2050 | Gross coupon | US$266.00 |
| 15/05/2050 | Tax on the coupon | -US$33.25 |
| 15/11/2050 | Gross coupon | US$266.00 |
| 15/11/2050 | Tax on the coupon | -US$33.25 |
| 15/05/2051 | Gross coupon | US$266.00 |
| 15/05/2051 | Tax on the coupon | -US$33.25 |
| 15/11/2051 | Gross coupon | US$266.00 |
| 15/11/2051 | Tax on the coupon | -US$33.25 |
| 15/05/2052 | Gross coupon | US$266.00 |
| 15/05/2052 | Tax on the coupon | -US$33.25 |
| 15/11/2052 | Gross coupon | US$266.00 |
| 15/11/2052 | Tax on the coupon | -US$33.25 |
| 15/05/2053 | Gross coupon | US$266.00 |
| 15/05/2053 | Tax on the coupon | -US$33.25 |
| 15/11/2053 | Gross coupon | US$266.00 |
| 15/11/2053 | Tax on the coupon | -US$33.25 |
| 15/11/2053 | Redemption of the nominal | US$11,200.00 |
| 15/11/2053 | Capital gain tax | -US$176.68 |
| Net gain at maturity | US$13,838.15 | |
It is the sum of all the movements: US$25,858.55 received (coupons, redemption, tax credit on accrued interest) minus US$12,020.40 paid (price, accrued interest, commissions and taxes) = US$13,838.15. It is what you earn in euro, after tax, if you hold the bond to maturity; if negative, you lose money.
How it is calculated
- Accrued interest uses the ACT/ACT ICMA convention: the buyer pays the gross accrued interest and receives the credit for the tax withheld on that part of the coupon.
- Taxes of the Italian administered regime, 12.5% on coupons and capital gain (12.5% for government and supranational bonds, 26% for the others). Commissions are part of the purchase cost. Stamp duty and issue discount are not considered.
- Yields are annual compound rates (IRR) of the cash flows, actual days/365, with the bond held to maturity and coupons not reinvested.