Maturity Date

Bonds & Fixed Income
Updated Apr 2026

The date on which a bond's principal is repaid to the investor.

What is Maturity Date?

The maturity date is the date on which a bond's issuer must repay the full face value (principal) to the bondholder. Until maturity, the issuer makes periodic coupon payments. Bonds are classified by time to maturity: short-term (under 2 years), medium-term (2–10 years), and long-term (10+ years). Longer maturities carry greater interest rate risk — their prices are more sensitive to rate changes, as measured by duration. The yield curve plots interest rates across a range of maturities for a given issuer.

Example

Example

A 30-year Treasury bond issued in January 2024 matures in January 2054. A holder who buys it at issuance receives semi-annual coupon payments for 30 years, then the $1,000 face value in 2054.

Source: US Treasury — TreasuryDirect