USA FX 4.25% NOV34 USD

US91282CLW90United StatesUnited States Department of the TreasuryForeign governmentEuroTLX · Hi-MTF

Last price
93.75
as of 09/10/2026
Gross yield
5.27%
Net yield
4.62%
Maturity
15/11/2034
8y 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 Prices and data may be inaccurate or out of date: always check with your broker and the bond documentation and, if needed, consult a licensed adviser.

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USD

Last price: 93.75 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$9,916.05
Net gain at maturity
US$3,689.99
Net yield
4.62%
Gross yield
5.27%

Order details

Settlement date
20/10/2026
Purchase price (clean)
93.75
Nominal value
10,400
Clean value
US$9,750.00
Gross accrued interest
US$189.77
Tax credit on accrued interest
-US$23.72
Commissions
US$0.00
Settlement amount
US$9,916.05

Yields and duration

GrossNetNet without capital gain tax
Annual yield5.27%4.62%4.71%
Modified duration6.416.486.47

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

Outcome at maturity

Gross coupons
US$3,757.00
Tax on coupons
-US$469.71
Redemption of the nominal
US$10,400.00
Capital gain
US$650.00
Capital gain tax
-US$81.25
Net gain at maturity
US$3,689.99

Cash flows

DateDescriptionAmount
20/10/2026Payment of the price-US$9,750.00
20/10/2026Gross accrued interest-US$189.77
20/10/2026Tax credit on accrued interestUS$23.72
15/11/2026Gross couponUS$221.00
15/11/2026Tax on the coupon-US$27.63
15/05/2027Gross couponUS$221.00
15/05/2027Tax on the coupon-US$27.63
15/11/2027Gross couponUS$221.00
15/11/2027Tax on the coupon-US$27.63
15/05/2028Gross couponUS$221.00
15/05/2028Tax on the coupon-US$27.63
15/11/2028Gross couponUS$221.00
15/11/2028Tax on the coupon-US$27.63
15/05/2029Gross couponUS$221.00
15/05/2029Tax on the coupon-US$27.63
15/11/2029Gross couponUS$221.00
15/11/2029Tax on the coupon-US$27.63
15/05/2030Gross couponUS$221.00
15/05/2030Tax on the coupon-US$27.63
15/11/2030Gross couponUS$221.00
15/11/2030Tax on the coupon-US$27.63
15/05/2031Gross couponUS$221.00
15/05/2031Tax on the coupon-US$27.63
15/11/2031Gross couponUS$221.00
15/11/2031Tax on the coupon-US$27.63
15/05/2032Gross couponUS$221.00
15/05/2032Tax on the coupon-US$27.63
15/11/2032Gross couponUS$221.00
15/11/2032Tax on the coupon-US$27.63
15/05/2033Gross couponUS$221.00
15/05/2033Tax on the coupon-US$27.63
15/11/2033Gross couponUS$221.00
15/11/2033Tax on the coupon-US$27.63
15/05/2034Gross couponUS$221.00
15/05/2034Tax on the coupon-US$27.63
15/11/2034Gross couponUS$221.00
15/11/2034Tax on the coupon-US$27.63
15/11/2034Redemption of the nominalUS$10,400.00
15/11/2034Capital gain tax-US$81.25
Net gain at maturityUS$3,689.99

It is the sum of all the movements: US$14,180.72 received (coupons, redemption, tax credit on accrued interest) minus US$10,490.73 paid (price, accrued interest, commissions and taxes) = US$3,689.99. 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.