Series 7: 2.12.2.1 T-Note And T-Bond Quotes

Taken from our Series 7 Top-off Online Guide

2.12.2.1 T-Note and T-Bond Quotes

Like corporate bonds, Treasury notes and bonds are quoted in the secondary market on a price basis where one point equals one percent of par. Remember, the term “secondary market” is not referring to any specific market; it simply means that a security is being resold among investors. Hence “secondary.” This is in contrast to the “primary market,” where a

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