How to buy and sell fixed income securities

How to buy and sell treasury bills, bonds and STRIPS

This video demonstrates how to buy and sell fixed income securities, including treasury bills, bonds and STRIPS. Learn how to search and filter on criteria to find the security you want to buy or sell, then select your account and place your order.

1. Sign in to your account on a computer
2. Choose “Trade”, then “Fixed Income”
3. FAQs and helpful definitions are available if you have questions
4. To find treasuries, you can search by CUSIP number or choose “Treasury”
5. Set filters like maturity date, or filter by type; choose “See results”
6. You can sort by maturity date, yield to maturity, coupon and more
7. Choose “Trade” to buy or sell, or pick a security for more information
8. You’ll find details about the treasury, like the first and last coupon date
9. Choose “Trade” to proceed, then choose an account
10. Choose “Buy” or “Sell” and put in a quantity, then choose “Get price” (note the minimum quantity and increment)
11. Review the estimated order value and choose “Preview”
12. Review the details and choose “Place order”; note that fixed income orders are fill or kill, which means they fill completely or are canceled and cannot be modified once placed