USA FX 3.875% MAY29 USD
US91282CQR50
United States Department of the TreasuryForeign governmentEuroTLX
- Last price
- 97.50
- as of 08/10/2026
- Gross yield
- 4.97%
- Net yield
- 4.35%
- Maturity
- 15/05/2029
- 2y 7m
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 Prices and data may be inaccurate or out of date: always check with your broker and the bond documentation and, if needed, consult a licensed adviser.
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Amounts are in USD, the bond currency: exchange rate effects (and their taxation) are not considered.
- Settlement amount
- US$9,994.53
- Net gain at maturity
- US$1,101.29
- Net yield
- 4.36%
- Gross yield
- 4.98%
Order details
- Settlement date
- 20/10/2026
- Purchase price (clean)
- 97.50
- Nominal value
- 10,100
- Clean value
- US$9,847.50
- Gross accrued interest
- US$168.04
- Tax credit on accrued interest
- -US$21.01
- Commissions
- US$0.00
- Settlement amount
- US$9,994.53
Yields and duration
| Gross | Net | Net without capital gain tax | |
|---|---|---|---|
| Annual yield | 4.98% | 4.36% | 4.48% |
| Modified duration | 2.31 | 2.33 | 2.33 |
The last column applies when the capital gain is offset by earlier capital losses.
Outcome at maturity
- Gross coupons
- US$1,174.14
- Tax on coupons
- -US$146.76
- Redemption of the nominal
- US$10,100.00
- Capital gain
- US$252.50
- Capital gain tax
- -US$31.56
- Net gain at maturity
- US$1,101.29
Cash flows
| Date | Description | Amount |
|---|---|---|
| 20/10/2026 | Payment of the price | -US$9,847.50 |
| 20/10/2026 | Gross accrued interest | -US$168.04 |
| 20/10/2026 | Tax credit on accrued interest | US$21.01 |
| 15/11/2026 | Gross coupon | US$195.69 |
| 15/11/2026 | Tax on the coupon | -US$24.46 |
| 15/05/2027 | Gross coupon | US$195.69 |
| 15/05/2027 | Tax on the coupon | -US$24.46 |
| 15/11/2027 | Gross coupon | US$195.69 |
| 15/11/2027 | Tax on the coupon | -US$24.46 |
| 15/05/2028 | Gross coupon | US$195.69 |
| 15/05/2028 | Tax on the coupon | -US$24.46 |
| 15/11/2028 | Gross coupon | US$195.69 |
| 15/11/2028 | Tax on the coupon | -US$24.46 |
| 15/05/2029 | Gross coupon | US$195.69 |
| 15/05/2029 | Tax on the coupon | -US$24.46 |
| 15/05/2029 | Redemption of the nominal | US$10,100.00 |
| 15/05/2029 | Capital gain tax | -US$31.56 |
| Net gain at maturity | US$1,101.29 | |
It is the sum of all the movements: US$11,295.15 received (coupons, redemption, tax credit on accrued interest) minus US$10,193.86 paid (price, accrued interest, commissions and taxes) = US$1,101.29. 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.