USA FX 4.625% FEB35 USD

US91282CMM00United StatesUnited States Department of the TreasuryForeign governmentEuroTLX · Hi-MTF

Last price
96.19
as of 09/10/2026
Gross yield
5.26%
Net yield
4.60%
Maturity
15/02/2035
8y 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 Prices and data may be inaccurate or out of date: always check with your broker and the bond documentation and, if needed, consult a licensed adviser.

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USD

Last price: 96.19 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$9,981.19
Net gain at maturity
US$3,812.90
Net yield
4.60%
Gross yield
5.26%

Order details

Settlement date
19/10/2026
Purchase price (clean)
96.19
Nominal value
10,300
Clean value
US$9,907.57
Gross accrued interest
US$84.14
Tax credit on accrued interest
-US$10.52
Commissions
US$0.00
Settlement amount
US$9,981.19

Yields and duration

GrossNetNet without capital gain tax
Annual yield5.26%4.60%4.65%
Modified duration6.586.656.65

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

Outcome at maturity

Gross coupons
US$4,049.23
Tax on coupons
-US$506.09
Redemption of the nominal
US$10,300.00
Capital gain
US$392.43
Capital gain tax
-US$49.05
Net gain at maturity
US$3,812.90

Cash flows

DateDescriptionAmount
19/10/2026Payment of the price-US$9,907.57
19/10/2026Gross accrued interest-US$84.14
19/10/2026Tax credit on accrued interestUS$10.52
15/02/2027Gross couponUS$238.19
15/02/2027Tax on the coupon-US$29.77
15/08/2027Gross couponUS$238.19
15/08/2027Tax on the coupon-US$29.77
15/02/2028Gross couponUS$238.19
15/02/2028Tax on the coupon-US$29.77
15/08/2028Gross couponUS$238.19
15/08/2028Tax on the coupon-US$29.77
15/02/2029Gross couponUS$238.19
15/02/2029Tax on the coupon-US$29.77
15/08/2029Gross couponUS$238.19
15/08/2029Tax on the coupon-US$29.77
15/02/2030Gross couponUS$238.19
15/02/2030Tax on the coupon-US$29.77
15/08/2030Gross couponUS$238.19
15/08/2030Tax on the coupon-US$29.77
15/02/2031Gross couponUS$238.19
15/02/2031Tax on the coupon-US$29.77
15/08/2031Gross couponUS$238.19
15/08/2031Tax on the coupon-US$29.77
15/02/2032Gross couponUS$238.19
15/02/2032Tax on the coupon-US$29.77
15/08/2032Gross couponUS$238.19
15/08/2032Tax on the coupon-US$29.77
15/02/2033Gross couponUS$238.19
15/02/2033Tax on the coupon-US$29.77
15/08/2033Gross couponUS$238.19
15/08/2033Tax on the coupon-US$29.77
15/02/2034Gross couponUS$238.19
15/02/2034Tax on the coupon-US$29.77
15/08/2034Gross couponUS$238.19
15/08/2034Tax on the coupon-US$29.77
15/02/2035Gross couponUS$238.19
15/02/2035Tax on the coupon-US$29.77
15/02/2035Redemption of the nominalUS$10,300.00
15/02/2035Capital gain tax-US$49.05
Net gain at maturityUS$3,812.90

It is the sum of all the movements: US$14,359.75 received (coupons, redemption, tax credit on accrued interest) minus US$10,546.85 paid (price, accrued interest, commissions and taxes) = US$3,812.90. 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.