882854XV9 · USDInvestment Grade · AAA

Texas Water Development Board 4.00% 2035/10

MID PRICE
100.12
par = 100
YIELD TO MAT.
4.01%
semi-annual
COUPON
4.000%
semi-annual · fixed
MATURITY
2035-10-15
bullet · 9.43y
OUTSTANDING
not disclosed
AS OF
2026-05-05

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About this bond

AI BRIEF · GROUNDED IN STRUCTURED DATA

The Texas Water Development Board has issued a senior unsecured bond denominated in USD, carrying a 4.000% annual coupon and maturing on October 15, 2035. As a municipal bond, this security is typically issued by state or local governments and their agencies to finance public projects. The Texas Water Development Board is a government agency responsible for water development within the state of Texas, including the appointment of directors for regional water development agencies. The bond carries an S&P rating of AAA, while Moody's has not rated the security.

About the issuer

The Texas Water Development Board is an agency of the government of Texas with authority over water development in the state. The Board appoints directors for regional water development agencies such as the Lower Neches Valley Authority.

Source: Wikipedia →

Risk analytics

SEMI-ANNUAL · BULLET · PAR 100
Modified duration
7.77 y
1bp ↑ ≈ -0.078% P&L
Convexity
71.21
higher = more curvature
Years to maturity
9.43 y
YTM source
Ingested
Market signals · funds disclosing this bond
SignalCategoryExposureLast moveWeightAs of
Invesco BulletShares 2026 Municipal Bond
Invesco
BulletShares 2026 Muni$55K▲ $30.02%2026-05-05
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Price history

Sherpa Signal

AS OF 2026-05-05

Institutional footprint · signal-level holdings

0/ 100
Interpretation. Thin coverage — below signal threshold
HOLDERS
1
unchanged in 7d
AGGREGATE EXPOSURE
$55K
USD across all
TOP CONCENTRATION
100.0%
largest holder
FLOW
unchanged in 7d

Sherpa Signal is derived from a panel of tracked institutional portfolios. Names of individual holders are not disclosed.

100K PAR NOTIONAL · MARKET VALUE
100,123 USD
PRICE
100.12

RFQ routing · coming soon

Security details

AWAITING ENRICHMENT
Face value
100 USD
Seniority
Senior Unsecured

Issuer curve

Texas · 10 PTS

Yield (%) plotted against years-to-maturity. This bond highlighted in amber.