What is US Treasury Bond Coupon?

US Treasury Bond Coupon is a payment promise (like a postdated check) associated with a US Treasury Bond.

US Treasury Department used to issue T-Bond Coupons as physical papers. Today all T-Bond Coupons are issued electronically to your online accounts.

Both the paper version and the electronic version of a US Treasury Bond Coupon has the following features:

• It has a coupon date, for example, June 15, 1969, defining when you can cash the coupon.
• It has a coupon value, for example, $6.25, defining the cash value of the coupon.
• It has a bond series number, for example, 1967-72, referring to the associated bond series.
• It has a bond serial number, for example, 53637H, referring to the associated bond.

Here is a picture of a US Treasury Bond Coupon of $6.25:

As you can see from the picture, this US Treasury Bond Coupon has:

• A payment date of June 15, 1969.
• A cash value of $6.25.
• A bond series number of 1967-72.
• A bond serial number of 53637H.

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