Sovereign debt market
Every public country opens its bond programme with a first emission of 10,000 treasury bonds — private countries have no parliament to vote a loan, so they never issue any. Every bond in the world is worth the same: a face value of $0.10, paid in the issuer's own national currency at the exchange rate of the day the emission opened — so the price differs from country to country but the value never does. Each emission is a separate tranche with its own daily coupon rate and its own maturity date, so two bonds from the same country can pay differently and redeem on different days. Hold a bond and the state budget pays its emission's coupon every single day; when the emission matures the treasury buys it back at face value. Buy straight from the treasury or from other citizens, then hold for the coupon or list your own at any price you like. A country's credit rating climbs and falls with its budget — and if the treasury can no longer cover its coupons, it defaults on its debt until its finances recover.
Belgium
D · Default
In default
All countries
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In default
This treasury could not cover its coupon and has defaulted. Bond payments are suspended until the budget recovers above 100.
Credit rating
D
Default
$1,096.32
State budget
955.57
EUR · $1,096.32
Held by players
21
4 Holders
Paid per day
0.0046
EUR /day
Active emissions
1
0.25%/day
Market Dividends Owners Transactions My bonds Top issuers
Country
Interest
Maturity
Price
Qty
$1,096.32
Primary · Emission #53 · Opening emission
Interest
0.25%/day
0.0002 EUR/day per bond
Maturity
Jul 24, 2027
Issued Jul 24, 2026
Price
0.0879 EUR
face 0.0879
Log in to trade treasury bonds.
$1,096.32
OnurbOsmar · Emission #53 · Opening emission
Interest
0.25%/day
0.0002 EUR/day per bond
Maturity
Jul 24, 2027
Issued Jul 24, 2026
Price
0.0879 EUR
face 0.0879
Log in to trade treasury bonds.
Coupon payments
Paid in the last 30 days: 0.1024 EUR
When
Country
Holder
Qty
Amount
Aug 14, 2026
#990010460 · Emission #53
1
0.0002 EUR
Aug 14, 2026
SirTommes · Emission #53
10
0.0022 EUR
Aug 13, 2026
uluhakan · Emission #53
9
0.002 EUR
Aug 13, 2026
#990010460 · Emission #53
1
0.0002 EUR
Aug 13, 2026
SirTommes · Emission #53
10
0.0022 EUR
Aug 12, 2026
uluhakan · Emission #53
9
0.002 EUR
Aug 12, 2026
#990010460 · Emission #53
1
0.0002 EUR
Aug 12, 2026
SirTommes · Emission #53
10
0.0022 EUR
Aug 11, 2026
uluhakan · Emission #53
9
0.002 EUR
Aug 11, 2026
#990010460 · Emission #53
1
0.0002 EUR
Aug 11, 2026
SirTommes · Emission #53
10
0.0022 EUR
Aug 10, 2026
uluhakan · Emission #53
9
0.002 EUR
Aug 10, 2026
#990010460 · Emission #53
1
0.0002 EUR
Aug 10, 2026
SirTommes · Emission #53
10
0.0022 EUR
Aug 8, 2026
uluhakan · Emission #53
9
0.002 EUR
Aug 8, 2026
#990010460 · Emission #53
1
0.0002 EUR
Aug 8, 2026
SirTommes · Emission #53
10
0.0022 EUR
Aug 7, 2026
uluhakan · Emission #53
9
0.002 EUR
Aug 7, 2026
#990010460 · Emission #53
1
0.0002 EUR
Aug 7, 2026
SirTommes · Emission #53
10
0.0022 EUR
Aug 6, 2026
uluhakan · Emission #53
9
0.002 EUR
Aug 6, 2026
#990010460 · Emission #53
1
0.0002 EUR
Aug 6, 2026
SirTommes · Emission #53
10
0.0022 EUR
Aug 5, 2026
uluhakan · Emission #53
9
0.002 EUR
Aug 5, 2026
#990010460 · Emission #53
1
0.0002 EUR
Aug 5, 2026
SirTommes · Emission #53
10
0.0022 EUR
Aug 4, 2026
uluhakan · Emission #53
9
0.002 EUR
Aug 4, 2026
#990010460 · Emission #53
1
0.0002 EUR
Aug 4, 2026
SirTommes · Emission #53
10
0.0022 EUR
Aug 3, 2026
uluhakan · Emission #53
9
0.002 EUR
Aug 3, 2026
#990010460 · Emission #53
1
0.0002 EUR
Aug 3, 2026
SirTommes · Emission #53
10
0.0022 EUR
Aug 2, 2026
#990010460 · Emission #53
1
0.0002 EUR
Aug 2, 2026
SirTommes · Emission #53
10
0.0022 EUR
Aug 1, 2026
SirTommes · Emission #53
10
0.0022 EUR
1 2 3 Page 3 of 3 · 135 result(s)
Bond owners
#
Owner
Country
Held
Listed
Per day
1
SirTommes
10
0
0.0022 EUR
3
#990010460
1
0
0.0002 EUR
Recent transactions
When
Country
Type
Buyer
Qty
Total
10d ago
Issue
dozent ← State Treasury
Emission #53
1
0.0879 EUR
10d ago
Issue
OnurbOsmar ← State Treasury
Emission #53
1
0.0879 EUR
Aug 2, 2026
Issue
uluhakan ← State Treasury
Emission #53
9
0.7911 EUR
Aug 2, 2026
Issue
#990010460 ← State Treasury
Emission #53
1
0.0879 EUR
Aug 1, 2026
Issue
SirTommes ← State Treasury
Emission #53
10
0.8790 EUR
Log in to trade treasury bonds.
Top issuers by credit rating
Country
Rating
Issued
Per day
1 2 Page 1 of 2 · 77 result(s)