Competitive bond pricing Explore bond trading with
Competitive bond pricing Explore bond trading with Fidelity Please enter a valid email address Please enter a valid email address Important legal information about the email you will be sending. By using this service, you agree to input your real email address and only send it to people you know. It is a violation of law in some jurisdictions to falsely identify yourself in an email. All information you provide will be used by Fidelity solely for the purpose of sending the email on your behalf. The subject line of the email you send will be "Fidelity.com: " Your email has been sent.
When purchasing a bond online, there are incremental costs to the customer including mark-ups and other fees that a financial firm could charge the customer. Fidelity charges a $1 mark-up per bond for online trades, which is added to the price displayed from the dealer. After factoring in Fidelity’s $1 per bond mark-up, the three brokers identified in the chart were asking, on average, $15.14 more per bond for online trades than Fidelity. Are you getting good prices on your bond trading? If bonds are central to your investing approach, a lack of clarity from brokers can be frustrating. Fidelity consistently strives to provide value and transparency and we publish our complete bond trading so it’s visible before you trade. Bond fee transparency 2018 regulations require that broker-dealers share how much they charge for any mark-up per bond or mark-down per bond after the trade. As you consider your options for trading bonds, .
Learn why it's imperative to understand how prices, rates, and yields affect each other when investing in bonds.
Monitor risk, cash flows, and more.
Select from a variety of individual bonds, CDs, or bond funds.
800-544-5372 Minimum markup or markdown of $19.95 applies if traded with a Fidelity representative. For U.S. Treasury purchases traded with a Fidelity representative, a flat charge of $19.95 per trade applies. A $250 maximum applies to all trades, reduced to a $50 maximum for bonds maturing in one year or less. Rates are for U.S. dollar-denominated bonds; additional fees and minimums apply for non-dollar bond trades. Other conditions may apply; see for details. Please note that markups and markdowns may affect the total cost of the transaction and the total, or "effective," yield of your investment. The offering broker, which may be our affiliate, National Financial Services LLC, may separately mark up or mark down the price of the security and may realize a trading profit or loss on the transaction. 1. Fidelity commissioned Corporate Insight to study bond pricing, available online, for self-directed retail investors from three brokers that offer corporate and municipal bonds for comparison to Fidelity’s standard online pricing. The compared online bond prices for more than 27,000 municipal and corporate inventory matches from February 4 through March 7, 2022. It compared municipal and corporate inventories offered online in varying quantities. The study found that, on average, the three online bond brokers identified in the chart were asking $15.14 more per bond. Corporate Insight determined the average price differential by calculating the difference between the prices of matching corporate and municipal bond inventory at Fidelity, including Fidelity’s $1 per bond markup for online trades vs. the prices offered online for the same bonds from the three brokers in the table, then averaging the differences of the financial services firms. The analysis included investment grade corporate and municipal bonds only. In general, the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities). Fixed income securities also carry inflation risk, liquidity risk, call risk, and credit and default risks for both issuers and counterparties. Lower quality fixed income securities involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Foreign investments involve greater risks than U.S. investments and can decline significantly in response to adverse issuer, political, regulatory, market, and economic risks. Any fixed-income security sold or redeemed prior to maturity may be subject to loss. Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917 740118.14.0
Fidelity does not provide legal or tax advice, and the information provided is general in nature and should not be considered legal or tax advice. Consult an attorney, tax professional, or other advisor regarding your specific legal or tax situation.
Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917
796549.1.0
Mutual Funds and Mutual Fund Investing - Fidelity Investments
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A transparent $1 per bond Unlike many of our competitors who don't tell you before your trade what they'll charge you, at Fidelity you pay just $1 per bond mark-up online. Our fixed income specialists are here to answer your questions, while helping you make sure the bonds you choose are a good fit for your strategy. Extensive bond selection Fidelity makes it easier for you to choose bonds by offering over 75,000 bonds, combined with online analytical tools and bond market research.Competitor bond prices vs Fidelity Why pay more
You could save an average of $15 per bond by choosing Fidelity versus potentially spending more elsewhere. Wells Fargo Price average higher vs. Fidelity Morgan Stanley Price average higher vs. Fidelity Merrill Lynch Price average higher vs. Fidelity Fidelity Incremental purchase cost 1 Corporate bond $14.13 $20.23 $15.01 $1.00 1 Municipal bond $10.37 $16.71 $14.35 $1.00 Average Corporate/ Municipal bond price higher vs. Fidelity $12.25 $18.47 $14.68 — Example of a hypothetical single bond purchased online based on average price differentials taken from the commissioned by Fidelity.When purchasing a bond online, there are incremental costs to the customer including mark-ups and other fees that a financial firm could charge the customer. Fidelity charges a $1 mark-up per bond for online trades, which is added to the price displayed from the dealer. After factoring in Fidelity’s $1 per bond mark-up, the three brokers identified in the chart were asking, on average, $15.14 more per bond for online trades than Fidelity. Are you getting good prices on your bond trading? If bonds are central to your investing approach, a lack of clarity from brokers can be frustrating. Fidelity consistently strives to provide value and transparency and we publish our complete bond trading so it’s visible before you trade. Bond fee transparency 2018 regulations require that broker-dealers share how much they charge for any mark-up per bond or mark-down per bond after the trade. As you consider your options for trading bonds, .
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Learn why it's imperative to understand how prices, rates, and yields affect each other when investing in bonds.
Monitor risk, cash flows, and more.
Select from a variety of individual bonds, CDs, or bond funds.
Ready to get started
Contact a fixed income specialist800-544-5372 Minimum markup or markdown of $19.95 applies if traded with a Fidelity representative. For U.S. Treasury purchases traded with a Fidelity representative, a flat charge of $19.95 per trade applies. A $250 maximum applies to all trades, reduced to a $50 maximum for bonds maturing in one year or less. Rates are for U.S. dollar-denominated bonds; additional fees and minimums apply for non-dollar bond trades. Other conditions may apply; see for details. Please note that markups and markdowns may affect the total cost of the transaction and the total, or "effective," yield of your investment. The offering broker, which may be our affiliate, National Financial Services LLC, may separately mark up or mark down the price of the security and may realize a trading profit or loss on the transaction. 1. Fidelity commissioned Corporate Insight to study bond pricing, available online, for self-directed retail investors from three brokers that offer corporate and municipal bonds for comparison to Fidelity’s standard online pricing. The compared online bond prices for more than 27,000 municipal and corporate inventory matches from February 4 through March 7, 2022. It compared municipal and corporate inventories offered online in varying quantities. The study found that, on average, the three online bond brokers identified in the chart were asking $15.14 more per bond. Corporate Insight determined the average price differential by calculating the difference between the prices of matching corporate and municipal bond inventory at Fidelity, including Fidelity’s $1 per bond markup for online trades vs. the prices offered online for the same bonds from the three brokers in the table, then averaging the differences of the financial services firms. The analysis included investment grade corporate and municipal bonds only. In general, the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities). Fixed income securities also carry inflation risk, liquidity risk, call risk, and credit and default risks for both issuers and counterparties. Lower quality fixed income securities involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Foreign investments involve greater risks than U.S. investments and can decline significantly in response to adverse issuer, political, regulatory, market, and economic risks. Any fixed-income security sold or redeemed prior to maturity may be subject to loss. Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917 740118.14.0
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For secondary market bonds and CD purchases, the difference (dollar and %) between the Prevailing Market Price (PMP) and the trade price. Mark-up% is calculated as: Mark-up / Total initial price x 100. The mark-up includes, but may not be limited to, Fidelity’s $1 per bond pricing. Details available on our fee schedule. Important Information Virtual Assistant is Fidelity’s automated natural language search engine to help you find information on the Fidelity.com site. As with any search engine, we ask that you not input personal or account information. Information that you input is not stored or reviewed for any purpose other than to provide search results. Responses provided by the virtual assistant are to help you navigate Fidelity.com and, as with any Internet search engine, you should review the results carefully. Fidelity does not guarantee accuracy of results or suitability of information provided. Keep in mind that investing involves risk. The value of your investment will fluctuate over time, and you may gain or lose money.Fidelity does not provide legal or tax advice, and the information provided is general in nature and should not be considered legal or tax advice. Consult an attorney, tax professional, or other advisor regarding your specific legal or tax situation.
Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917
796549.1.0