USA FX 4.625% FEB55 USD

US912810UG12United StatesUnited States Department of the TreasuryForeign governmentEuroTLX · Hi-MTF

Last price
85.72
as of 09/10/2026
Gross yield
5.72%
Net yield
5.02%
Maturity
15/02/2055
28y 4m
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 Prices and data may be inaccurate or out of date: always check with your broker and the bond documentation and, if needed, consult a licensed adviser.

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Change the values: every figure updates at once. The page link keeps the simulation.

USD

Last price: 85.72 on 09/10/2026

Commissions
%
€
€

Percent of the order value, with a minimum and a maximum in euro (empty maximum = no limit). For a flat fee enter only the minimum.

Amounts are in USD, the bond currency: exchange rate effects (and their taxation) are not considered.
Settlement amount
US$9,941.27
Net gain at maturity
US$14,617.35
Net yield
5.02%
Gross yield
5.72%

Order details

Settlement date
20/10/2026
Purchase price (clean)
85.72
Nominal value
11,500
Clean value
US$9,857.80
Gross accrued interest
US$95.39
Tax credit on accrued interest
-US$11.92
Commissions
US$0.00
Settlement amount
US$9,941.27

Yields and duration

GrossNetNet without capital gain tax
Annual yield5.72%5.02%5.05%
Modified duration14.1214.8614.83

The last column applies when the capital gain is offset by earlier capital losses.

Outcome at maturity

Gross coupons
US$15,158.58
Tax on coupons
-US$1,894.68
Redemption of the nominal
US$11,500.00
Capital gain
US$1,642.20
Capital gain tax
-US$205.28
Net gain at maturity
US$14,617.35

Cash flows

DateDescriptionAmount
20/10/2026Payment of the price-US$9,857.80
20/10/2026Gross accrued interest-US$95.39
20/10/2026Tax credit on accrued interestUS$11.92
15/02/2027Gross couponUS$265.94
15/02/2027Tax on the coupon-US$33.24
15/08/2027Gross couponUS$265.94
15/08/2027Tax on the coupon-US$33.24
15/02/2028Gross couponUS$265.94
15/02/2028Tax on the coupon-US$33.24
15/08/2028Gross couponUS$265.94
15/08/2028Tax on the coupon-US$33.24
15/02/2029Gross couponUS$265.94
15/02/2029Tax on the coupon-US$33.24
15/08/2029Gross couponUS$265.94
15/08/2029Tax on the coupon-US$33.24
15/02/2030Gross couponUS$265.94
15/02/2030Tax on the coupon-US$33.24
15/08/2030Gross couponUS$265.94
15/08/2030Tax on the coupon-US$33.24
15/02/2031Gross couponUS$265.94
15/02/2031Tax on the coupon-US$33.24
15/08/2031Gross couponUS$265.94
15/08/2031Tax on the coupon-US$33.24
15/02/2032Gross couponUS$265.94
15/02/2032Tax on the coupon-US$33.24
15/08/2032Gross couponUS$265.94
15/08/2032Tax on the coupon-US$33.24
15/02/2033Gross couponUS$265.94
15/02/2033Tax on the coupon-US$33.24
15/08/2033Gross couponUS$265.94
15/08/2033Tax on the coupon-US$33.24
15/02/2034Gross couponUS$265.94
15/02/2034Tax on the coupon-US$33.24
15/08/2034Gross couponUS$265.94
15/08/2034Tax on the coupon-US$33.24
15/02/2035Gross couponUS$265.94
15/02/2035Tax on the coupon-US$33.24
15/08/2035Gross couponUS$265.94
15/08/2035Tax on the coupon-US$33.24
15/02/2036Gross couponUS$265.94
15/02/2036Tax on the coupon-US$33.24
15/08/2036Gross couponUS$265.94
15/08/2036Tax on the coupon-US$33.24
15/02/2037Gross couponUS$265.94
15/02/2037Tax on the coupon-US$33.24
15/08/2037Gross couponUS$265.94
15/08/2037Tax on the coupon-US$33.24
15/02/2038Gross couponUS$265.94
15/02/2038Tax on the coupon-US$33.24
15/08/2038Gross couponUS$265.94
15/08/2038Tax on the coupon-US$33.24
15/02/2039Gross couponUS$265.94
15/02/2039Tax on the coupon-US$33.24
15/08/2039Gross couponUS$265.94
15/08/2039Tax on the coupon-US$33.24
15/02/2040Gross couponUS$265.94
15/02/2040Tax on the coupon-US$33.24
15/08/2040Gross couponUS$265.94
15/08/2040Tax on the coupon-US$33.24
15/02/2041Gross couponUS$265.94
15/02/2041Tax on the coupon-US$33.24
15/08/2041Gross couponUS$265.94
15/08/2041Tax on the coupon-US$33.24
15/02/2042Gross couponUS$265.94
15/02/2042Tax on the coupon-US$33.24
15/08/2042Gross couponUS$265.94
15/08/2042Tax on the coupon-US$33.24
15/02/2043Gross couponUS$265.94
15/02/2043Tax on the coupon-US$33.24
15/08/2043Gross couponUS$265.94
15/08/2043Tax on the coupon-US$33.24
15/02/2044Gross couponUS$265.94
15/02/2044Tax on the coupon-US$33.24
15/08/2044Gross couponUS$265.94
15/08/2044Tax on the coupon-US$33.24
15/02/2045Gross couponUS$265.94
15/02/2045Tax on the coupon-US$33.24
15/08/2045Gross couponUS$265.94
15/08/2045Tax on the coupon-US$33.24
15/02/2046Gross couponUS$265.94
15/02/2046Tax on the coupon-US$33.24
15/08/2046Gross couponUS$265.94
15/08/2046Tax on the coupon-US$33.24
15/02/2047Gross couponUS$265.94
15/02/2047Tax on the coupon-US$33.24
15/08/2047Gross couponUS$265.94
15/08/2047Tax on the coupon-US$33.24
15/02/2048Gross couponUS$265.94
15/02/2048Tax on the coupon-US$33.24
15/08/2048Gross couponUS$265.94
15/08/2048Tax on the coupon-US$33.24
15/02/2049Gross couponUS$265.94
15/02/2049Tax on the coupon-US$33.24
15/08/2049Gross couponUS$265.94
15/08/2049Tax on the coupon-US$33.24
15/02/2050Gross couponUS$265.94
15/02/2050Tax on the coupon-US$33.24
15/08/2050Gross couponUS$265.94
15/08/2050Tax on the coupon-US$33.24
15/02/2051Gross couponUS$265.94
15/02/2051Tax on the coupon-US$33.24
15/08/2051Gross couponUS$265.94
15/08/2051Tax on the coupon-US$33.24
15/02/2052Gross couponUS$265.94
15/02/2052Tax on the coupon-US$33.24
15/08/2052Gross couponUS$265.94
15/08/2052Tax on the coupon-US$33.24
15/02/2053Gross couponUS$265.94
15/02/2053Tax on the coupon-US$33.24
15/08/2053Gross couponUS$265.94
15/08/2053Tax on the coupon-US$33.24
15/02/2054Gross couponUS$265.94
15/02/2054Tax on the coupon-US$33.24
15/08/2054Gross couponUS$265.94
15/08/2054Tax on the coupon-US$33.24
15/02/2055Gross couponUS$265.94
15/02/2055Tax on the coupon-US$33.24
15/02/2055Redemption of the nominalUS$11,500.00
15/02/2055Capital gain tax-US$205.28
Net gain at maturityUS$14,617.35

It is the sum of all the movements: US$26,670.50 received (coupons, redemption, tax credit on accrued interest) minus US$12,053.15 paid (price, accrued interest, commissions and taxes) = US$14,617.35. 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.