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.

NZ

New zealand

AAA · Prime Servicing its debt
Credit rating
AAA
Prime
$1,018.81
State budget
1,836.20
NZD · $1,018.81
Held by players
730
2 Holders
Paid per day
0.3155
NZD /day
Bonds issued
9,972
On market
9,242
Best ask
0.1729
NZD
Active emissions
1
0.25%/day

Top issuers by credit rating

IR Iran
AAA
$1,133.90
9,932
41,945.8892 IRR
Trade
ID Indonesia
AAA
$3,380.91
9,585
2,318.5338 IDR
Trade
UZ Uzbekistan
AAA
$1,093.10
10,000
0 UZS
Trade
NG Nigeria
AAA
$3,027.51
9,887
21.5217 NGN
Trade
CO Colombia
AAA
$1,181.58
9,985
5.6387 COP
Trade
AR Argentina
AAA
$1,014.35
9,968
20.5353 ARS
Trade
KR South korea
AAA
$1,087.95
10,000
0 KRW
Trade
CL Chile
AAA
$1,004.77
10,000
15.5862 CLP
Trade
KZ Kazakhstan
AAA
$1,132.70
10,000
0 KZT
Trade
PK Pakistan
AAA
$1,536.25
9,886
2.4992 PKR
Trade
LK Sri lanka
AAA
$1,155.42
9,978
0 LKR
Trade
IN India
AAA
$2,370.98
9,936
1.808 INR
Trade
NP Nepal
AAA
$1,149.81
10,000
0.4631 NPR
Trade
JP Japan
AAA
$1,034.08
10,000
5.7731 JPY
Trade
KE Kenya
AAA
$1,232.19
9,977
0 KES
Trade
DZ Algeria
AAA
$1,147.67
9,947
0 DZD
Trade
BD Bangladesh
AAA
$1,205.11
9,981
0 BDT
Trade
PH Philippines
AAA
$1,025.92
10,000
0.1545 PHP
Trade
EG Egypt
AAA
$1,181.09
10,000
0.1284 EGP
Trade
TH Thailand
AAA
$1,102.67
9,776
5.3489 THB
Trade
MD Moldova
AAA
$1,011.46
10,000
0 MDL
Trade
ZA South africa
AAA
$1,091.87
10,000
0.0211 ZAR
Trade
MA Morocco
AAA
$1,169.97
9,984
0.0702 MAD
Trade
CN China
AAA
$1,026.22
10,000
0.1202 CNY
Trade
MY Malaysia
AAA
$1,017.90
9,969
0.1319 MYR
Trade
SA Saudi arabia
AAA
$1,055.94
9,977
0 SAR
Trade
PE Peru
AAA
$1,049.62
10,000
0.0578 PEN
Trade
GE Georgia
AAA
$1,004.17
10,000
0.0007 GEL
Trade
NZ New zealand
AAA
$1,018.81
9,972
0.3155 NZD
Trade
US United states
AAA
$1,731.02
9,971
0.4035 USD
Trade
CA Canada
AAA
$1,071.41
9,985
0.0243 CAD
Trade
AU Australia
AAA
$1,016.09
10,000
0.1125 AUD
Trade
SG Singapore
AAA
$1,010.37
9,999
0.0416 SGD
Trade
EC Ecuador
AAA
$1,074.81
10,000
0 USD
Trade
CU Cuba
AAA
$1,041.55
10,000
0 CUC
Trade
PT Portugal
AAA
$1,120.57
10,000
0.0097 EUR
Trade
IE Ireland
AAA
$1,117.11
10,000
0.0004 EUR
Trade
FI Finland
AAA
$1,114.30
10,000
0.0009 EUR
Trade
SK Slovakia
AAA
$1,102.10
10,000
0.0004 EUR
Trade
EE Estonia
AAA
$1,068.95
10,000
0.0024 EUR
Trade
CY Cyprus
AAA
$1,067.48
10,000
0.0031 EUR
Trade
BE Belgium
AAA
$1,067.18
9,999
0.007 EUR
Trade
GR Greece
AAA
$1,063.94
10,000
0.0004 EUR
Trade
ME Montenegro
AAA
$1,061.71
10,000
0.0004 EUR
Trade
BG Bulgaria
AAA
$1,061.25
9,976
0.0156 EUR
Trade
LV Latvia
AAA
$1,059.33
10,000
0.0004 EUR
Trade
DE Germany
AAA
$1,050.96
9,952
0.009 EUR
Trade
FR France
AAA
$1,046.47
10,000
0.0029 EUR
Trade
AT Austria
AAA
$1,039.48
9,988
0.0125 EUR
Trade
VN Vietnam
AA
$971.37
10,000
5,344.3812 VND
Trade
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