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

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 an issuer is sell