US 2Y4.28%1.2
US 10Y4.12%2.4
US 30Y4.39%1.8
US 5Y4.05%1.1
German 10Y2.21%3.1
UK 10Y Gilt4.02%1.4
Japan 10Y JGB0.92%0.0
US TIPS 10Y1.78%2.0
CA Muni 10Y3.85%0.6
NY Muni 10Y3.78%0.4
Fannie 5Y4.31%0.8
Apple 10Y4.62%1.2
US 2Y4.28%1.2
US 10Y4.12%2.4
US 30Y4.39%1.8
US 5Y4.05%1.1
German 10Y2.21%3.1
UK 10Y Gilt4.02%1.4
Japan 10Y JGB0.92%0.0
US TIPS 10Y1.78%2.0
CA Muni 10Y3.85%0.6
NY Muni 10Y3.78%0.4
Fannie 5Y4.31%0.8
Apple 10Y4.62%1.2
Bonds on Market Securities

Trade 50,000+ bonds with institutional pricing

US Treasuries, corporate, municipal, agency and sovereign debt — all on one screen with live TRACE pricing, real-time yield curves, and a $1 minimum trade.

0+
Bonds available
$0
Min trade size
0.00%
Max markup
0K+
Bond investors
Start trading bonds Browse bond screener
US Treasury 10Y
CUSIP 91282CFZ4 · AAA
LIVE
Yield
4.12%
Price
99.85
Duration
8.92y
Yield curve preview · last 24 sessions
High-angle view of a financial workspace with charts, Euro bills, calculator, and notebook on a wooden desk
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Yield Curve

US Treasury yield curve

Live Treasury yields across 1M to 30Y. Compare today to historical snapshots and explore normal, inverted, and steep scenarios.

Recession signal:2Y-10Y spread inverted at -0.20pp — historically a leading recession indicator.
3.8%4.1%4.3%4.6%4.8%1M3M6M1Y2Y3Y5Y7Y10Y20Y30Y
Today's curve2Y/10Y spread: -0.20pp
Selected Maturity
10Y Treasury
Today's yield4.12%
Today yield4.12%
Change0.00pp
Key recession-watch maturity
Trade this bond
Bond Screener

Filter across 50,000+ bonds

Multi-criteria screener with real-time filtering. Click any column header to sort.

0.0 – 8.0
0.0 – 7.0
16 bonds match
Type
38141GXP4Goldman SachsCorporate5.500%2032-01-20BBB5.42%100.556.55
46625HKM8JPMorgan ChaseCorporate5.250%2033-04-09A5.05%101.857.12
459200JY6IBM CorpCorporate4.500%2031-05-15A4.95%98.406.20
037833DR8Apple IncCorporate4.000%2042-05-10AA4.62%95.1014.21
478160CN6Johnson & JohnsonCorporate4.500%2034-09-01AAA4.58%99.428.45
594918BM3Microsoft CorpCorporate3.300%2034-02-12AAA4.41%92.308.05
912810TN6US TreasuryTreasury4.500%2054-08-15AAA4.39%101.2018.74
3140Q8VS5Fannie MaeAgency4.500%2029-09-25AAA4.31%99.954.32
3134GA8N9Freddie MacAgency4.250%2030-04-15AAA4.28%99.604.85
91282CFZ4US TreasuryTreasury4.125%2034-08-15AAA4.12%99.858.92
US UK GILTUK GiltSovereign4.250%2034-09-07AA4.02%101.508.45
13063A8H4California GOMuni4.000%2033-08-01AA3.85%99.207.40
64990XBA1NY State GOMuni4.250%2034-03-01AA3.78%100.307.95
US GER BUNDGerman BundSovereign2.300%2034-08-15AAA2.21%100.109.10
912810QY6US TIPS 10YTreasury1.750%2034-07-15AAA1.78%99.408.65
US JP JGBJapan JGBSovereign0.800%2034-09-20A0.92%98.909.55
Duration Calculator

Real bond math

Compute Macaulay duration, modified duration, DV01, convexity, clean/dirty price, and accrued interest with proper formulas.

4.50%
10y
4.50%
Macaulay Duration
8.16 yrs
Modified Duration
7.98 yrs
DV01
$0.80
Convexity
76.21
Clean Price
1000.00%
Dirty Price
1009.00%
Accrued Interest
0.900%
Face Value
$1,000.00
Price sensitivity
Convex price-yield relationship, ±100bps
Convexity: 76.2
-100bps-50bps+0bps+50bps+100bps1000.00%
−100bps
+39.91%
Current
1000.00%
+100bps
−79.82%
Credit Ratings

The rating scale

S&P, Moody's, and Fitch mapped with default probabilities and typical spreads over Treasuries.

AAA
Investment Grade
S&P
AAA
Moody's
Aaa
Fitch
AAA
Default prob.0.02%
Spread vs UST35 bps
Highest quality. Minimal credit risk.
AA
Investment Grade
S&P
AA
Moody's
Aa
Fitch
AA
Default prob.0.05%
Spread vs UST65 bps
High quality. Very low credit risk.
A
Investment Grade
S&P
A
Moody's
A
Fitch
A
Default prob.0.08%
Spread vs UST105 bps
Upper-medium grade. Low credit risk.
BBB
Investment Grade
S&P
BBB
Moody's
Baa
Fitch
BBB
Default prob.0.20%
Spread vs UST165 bps
Lower-medium grade. Moderate risk.
Auction Schedule

Upcoming Treasury auctions

Plan around the US Treasury issuance calendar with bid deadlines and settlement dates.

Next 8 auctions
DateSecurityAmount ($B)Bid deadlineSettlement
Dec 034-Week Bill$75B11:00 ETDec 05
Dec 038-Week Bill$70B11:00 ETDec 05
Dec 043-Month Bill$85B11:30 ETDec 09
Dec 046-Month Bill$80B11:30 ETDec 09
Dec 093-Year Note$58B13:00 ETDec 15
Dec 1010-Year NoteKey$42B13:00 ETDec 15
Dec 1130-Year BondKey$24B13:00 ETDec 15
Dec 1210-Year TIPS$19B13:00 ETDec 16
Recent auction results
SecurityStop yieldBid-to-coverIndirect %
2-Year Note4.24%2.65×63.8%
5-Year Note4.08%2.41×58.2%
7-Year Note4.10%2.36×60.5%
10-Year Note4.13%2.52×67.1%
30-Year Bond4.41%2.39×65.4%
3-Month Bill4.62%2.91×51.3%
Popular Bonds

Most traded fixed income

Live most-traded bonds across Treasuries, corporates, munis, agencies and sovereigns.

#
1
US Treasury
Treasury
4.125%2034-08-15AAA4.12%99.858.924.12%$48.20M
2
US Treasury
Treasury
4.500%2054-08-15AAA4.39%101.2018.744.39%$32.50M
3
Johnson & Johnson
Corporate
4.500%2034-09-01AAA4.58%99.428.454.58%$12.80M
4
Apple Inc
Corporate
4.000%2042-05-10AA4.62%95.1014.214.62%$9.40M
5
German Bund
Sovereign
2.300%2034-08-15AAA2.21%100.109.102.21%$8.70M
6
Microsoft Corp
Corporate
3.300%2034-02-12AAA4.41%92.308.054.41%$7.20M
7
JPMorgan Chase
Corporate
5.250%2033-04-09A5.05%101.857.125.05%$6.10M
8
UK Gilt
Sovereign
4.250%2034-09-07AA4.02%101.508.454.02%$5.60M
9
Fannie Mae
Agency
4.500%2029-09-25AAA4.31%99.954.324.31%$5.40M
10
Goldman Sachs
Corporate
5.500%2032-01-20BBB5.42%100.556.555.42%$4.90M
11
Freddie Mac
Agency
4.250%2030-04-15AAA4.28%99.604.854.28%$4.20M
12
Japan JGB
Sovereign
0.800%2034-09-20A0.92%98.909.550.92%$4.10M
13
IBM Corp
Corporate
4.500%2031-05-15A4.95%98.406.204.95%$3.80M
14
US TIPS 10Y
Treasury
1.750%2034-07-15AAA1.78%99.408.651.78%$3.20M
15
California GO
Muni
4.000%2033-08-01AA3.85%99.207.403.85%$2.30M
16
NY State GO
Muni
4.250%2034-03-01AA3.78%100.307.953.78%$1.90M
Top Tools

Bond trading essentials

Everything you need to research, analyze and execute bond trades.

Why trade bonds on Market Securities

Built for fixed income

50,000+ bonds
Treasuries, corporates, munis, agencies, sovereigns — all in one place.
$1 minimum trade
Start small with fractional Treasury positions.
0.10% max markup
Transparent, capped pricing on every Treasury trade.
Live Treasury pricing
Real-time Treasury yields direct from the interdealer market.
New issues at par
Primary market access to new corporate and muni deals.
Bond ladder tool
Build, manage and roll maturity ladders automatically.
No mark-downs on sells
Same price on the way in and the way out.
SIPC insured to $500K
Securities protection on your bond holdings.
Real-time TRACE pricing
Live OTR corporate pricing via FINRA TRACE.
Order Ticket

Place a bond order

Live order ticket with clean + dirty price breakdown, accrued interest, and settlement date.

Settlement: T+0 (same-day for Treasuries)
Order Summary
BondUS Treasury 10Y
CUSIP91282CFZ4
SideBuy
Quantity10 × $1,000
Price99.85%
Coupon4.125%
Clean price$9,985.00
Accrued interest$0.83
Total (dirty)$9,985.83
How it works

Trading bonds in 3 steps

1
Open your account
Sign up in 5 minutes. No minimum deposit required to start.
2
Research & screen
Use the screener, yield curve, and ratings to find the right bonds.
3
Trade & settle
Place your order with capped markups and T+0/T+1 settlement.
Fees

Transparent bond pricing

Capped, transparent markups. No hidden spreads, no mark-downs on sells.

Bond typeMax markupNotes
US Treasuries0.10%Max markup, often lower
Corporate bonds0.50%Max markup on secondaries
Municipal bonds0.875%Standard retail markup
Secondary trades$0No commission on sells
New issuesAt parNo markup on primary
Treasury auctions$0Free non-competitive bids
FAQ

Bond fundamentals

Bond risk disclosures
Interest rate risk
Bond prices fall when interest rates rise. Longer-duration bonds are more sensitive.
Credit risk
Issuers may default on coupon or principal payments. Lower-rated bonds carry higher risk.
Inflation risk
Fixed coupon payments lose purchasing power if inflation exceeds the bond's yield. TIPS offer inflation protection.

Bonds are not FDIC insured and may lose value. Past performance does not guarantee future results. Market Securities is a member of FINRA/SIPC. Read the official bond prospectus before investing.

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Open an Market Securities account in under 5 minutes. Trade 50,000+ bonds with capped markups, live Treasury pricing, and SIPC protection up to $500,000.

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