t-note coupon pay date

Discussion in 'Fixed Income' started by andrew black, Nov 29, 2022.

  1. If a buy a t-note maturing on Nov 30, 2023 with .5% coupon on Nov 29, 2022, do I get the Nov 30, 2022 coupon payment? Do I get two coupon payments or three?


    TIA.
     
  2. I'm talking about ISIN US91282CDM01
     
  3. Repoguy

    Repoguy

    UST usually settle for reg so if you buy today 11/29/22 for settlement 11/30/22 you will NOT receive the 11/30/22 coupon. UST are priced principal+accred interest. Your 11/30/22 purchase will have zero accred interest in the pricing.

    If held to maturity 11/30/2023 you will receive 2 semi annual coupon payments 05/30/2023 and 11/30/2023 + maturity principal.
     
  4. Buy confirm should show "f\c".