US Treasury Prices Explained
Redakcia Financial World News · Vzdelávací sprievodca · Ako získavame výnosy
Treasuries are quoted in points and 32nds (or decimals). Clean versus dirty price still applies.
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US Treasury Prices Explained — the mechanics
A note at 99-16 is 99 and 16/32nds of par. When yields jump, long bonds can lose several points in a day. Duration is the translation key.
Notes and bonds are quoted in percent of par, historically in 32nds (99-16 means 99 + 16/32). Many retail screens now show decimals. Bills use a discount quote.
Price and yield move inversely. A 10-year duration of ~8 means a 1% yield rise is about an 8% price drop before convexity.
Accrued interest on notes/bonds is semi-annual actual/actual in the usual Treasury convention. Dirty price is what you pay.
Dated yields for this us treasuries topic
The live board on this site prints official or exchange 10-year rates with the observation date on each card (Bank of England IUDMNZC, ECB Maastricht series, CBOE/Yahoo Treasury yields). Individual ISIN prices are estimated from those moves — not a dealer quote.
Illustrative round-number snapshot for education. Figures are not a live market feed. Confirm with the UK DMO, TreasuryDirect, Bundesrepublik Deutschland Finanzagentur, Italian MEF, Agence France Trésor or Swiss Confederation before acting.
UK Gilts: UK Treasury 4.25% 2034 yield 5.25%, estimated price 93.7, duration 6.4y, maturity 2034-03-07.
US Treasuries: US Treasury 10-year Note yield 4.97%, estimated price 91.9, duration 8.2y, maturity 2036-08-15.
German Bunds: German Bund 10-year yield 3.19%, estimated price 94.1, duration 8.6y, maturity 2036-08-15.
Italian BTPs: BTP 10-year yield 3.99%, estimated price 96.1, duration 8.1y, maturity 2036-03-01.
French OATs: French OAT 10-year yield 4.00%, estimated price 89.8, duration 8.3y, maturity 2036-05-25.
Swiss Confederation: Swiss Confederation 10-year yield 0.42%, estimated price 100.7, duration 9.4y, maturity 2036-06-28.
If a number here disagrees with your broker, trust the broker to trade. Use this page to understand the contract, then confirm the screen.
Official sources (US Treasuries)
Primary statistics and prospectuses for US Treasuries are published by the issuer, not by this newsroom. The labelled links at the end of this page go to those official sites (DMO, TreasuryDirect, Finanzagentur, MEF, AFT, SNB or ECB as relevant).
Our live board is a teaching overlay: dated prints, named sources, estimated ISIN lines. It is not a replacement for the issuer’s calendar.
Kľúčové závery
- Notes and bonds are quoted in percent of par, historically in 32nds (99-16 means 99 + 16/32).
- Any market figure belongs next to a date and a named source (BoE, ECB, CBOE/Yahoo). If those disagree with your broker, the broker wins for trading.
- Credit of a G7 government in its own currency is not the same as a stable screen price, and not the same as a bank deposit.
Časté otázky
- Why do Treasuries use 32nds?
- Market convention from older trading. Many platforms now show decimals as well.