USA FX 3.75% APR28 USD
US91282CQL80
United States Department of the TreasuryForeign governmentEuroTLX
- Last price
- 98.52
- as of 08/10/2026
- Gross yield
- 4.81%
- Net yield
- 4.20%
- Maturity
- 30/04/2028
- 1y 6m
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 Prices and data may be inaccurate or out of date: always check with your broker and the bond documentation and, if needed, consult a licensed adviser.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.
Amounts are in USD, the bond currency: exchange rate effects (and their taxation) are not considered.
- Settlement amount
- US$9,906.14
- Net gain at maturity
- US$625.26
- Net yield
- 4.21%
- Gross yield
- 4.82%
Order details
- Settlement date
- 19/10/2026
- Purchase price (clean)
- 98.52
- Nominal value
- 9,900
- Clean value
- US$9,753.48
- Gross accrued interest
- US$174.47
- Tax credit on accrued interest
- -US$21.81
- Commissions
- US$0.00
- Settlement amount
- US$9,906.14
Yields and duration
| Gross | Net | Net without capital gain tax | |
|---|---|---|---|
| Annual yield | 4.82% | 4.21% | 4.33% |
| Modified duration | 1.41 | 1.42 | 1.42 |
The last column applies when the capital gain is offset by earlier capital losses.
Outcome at maturity
- Gross coupons
- US$742.52
- Tax on coupons
- -US$92.80
- Redemption of the nominal
- US$9,900.00
- Capital gain
- US$146.52
- Capital gain tax
- -US$18.32
- Net gain at maturity
- US$625.26
Cash flows
| Date | Description | Amount |
|---|---|---|
| 19/10/2026 | Payment of the price | -US$9,753.48 |
| 19/10/2026 | Gross accrued interest | -US$174.47 |
| 19/10/2026 | Tax credit on accrued interest | US$21.81 |
| 30/10/2026 | Gross coupon | US$185.63 |
| 30/10/2026 | Tax on the coupon | -US$23.20 |
| 30/04/2027 | Gross coupon | US$185.63 |
| 30/04/2027 | Tax on the coupon | -US$23.20 |
| 30/10/2027 | Gross coupon | US$185.63 |
| 30/10/2027 | Tax on the coupon | -US$23.20 |
| 30/04/2028 | Gross coupon | US$185.63 |
| 30/04/2028 | Tax on the coupon | -US$23.20 |
| 30/04/2028 | Redemption of the nominal | US$9,900.00 |
| 30/04/2028 | Capital gain tax | -US$18.32 |
| Net gain at maturity | US$625.26 | |
It is the sum of all the movements: US$10,664.33 received (coupons, redemption, tax credit on accrued interest) minus US$10,039.07 paid (price, accrued interest, commissions and taxes) = US$625.26. 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.