Treasury Bonds
Sovereign debt market

Treasury Bonds

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.

ES

Spain

AA · High grade Servicing its debt
Credit rating
AA
High grade
$989.01
State budget
862.04
EUR · $989.01
Held by players
217
9 Holders
Paid per day
0.0477
EUR /day
Bonds issued
10,000
On market
9,783
Best ask
0.0879
EUR
Active emissions
1
0.25%/day

Top issuers by credit rating

BY Belarus
AA
$934.57
10,000
0 BYN
Trade
IL Israel
AA
$926.74
10,000
0.0435 ILS
Trade
GE Georgia
AA
$998.56
10,000
0 GEL
Trade
ES Spain
AA
$989.01
10,000
0.0477 EUR
Trade
HR Croatia
AA
$954.34
10,000
0 EUR
Trade
LT Lithuania
AA
$944.88
10,000
0 EUR
Trade
CH Switzerland
AA
$974.28
10,000
0.0139 CHF
Trade
HU Hungary
A
$796.34
10,000
0 HUF
Trade
RO Romania
A
$638.88
10,842
2.7031 RON
Trade
UA Ukraine
BB
$326.17
10,000
4.5027 UAH
Trade
IR Iran
D
$1,064.55
10,000
56,730.096 IRR
Trade
ID Indonesia
D
$3,220.76
10,000
3,506.9506 IDR
Trade
NG Nigeria
D
$3,025.18
10,000
52.6087 NGN
Trade
VE Venezuela
D
$739.58
10,000
8.5244 VES
Trade
PK Pakistan
D
$1,466.89
10,000
7.9141 PKR
Trade
LK Sri lanka
D
$1,164.35
10,000
1.5958 LKR
Trade
IN India
D
$2,261.42
10,000
2.266 INR
Trade
KE Kenya
D
$1,230.21
10,000
0.7123 KES
Trade
TH Thailand
D
$1,089.40
10,000
7.1094 THB
Trade
MX Mexico
D
$1,010.61
10,000
0.1006 MXN
Trade
BR Brazil
D
$852.22
10,000
0.0738 BRL
Trade
SA Saudi arabia
D
$1,044.17
10,000
0.0216 SAR
Trade
US United states
D
$1,634.74
10,000
0.3495 USD
Trade
DE Germany
D
$1,111.91
10,000
0.0171 EUR
Trade
BE Belgium
D
$1,096.32
10,000
0.0046 EUR
Trade
AT Austria
D
$1,089.59
10,000
0.0084 EUR
Trade
GB United kingdom
D
$945.65
10,000
0.0047 GBP
Trade
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