The Fidelity Open Bond Market: Buy Bonds Without the Guesswork
 
Bond-Market Inventory
Expanded InventoryOver 15,000 Securities
Find Individual Bonds - Search Fidelity's inventory of over 15,000 securities according to criteria you determine. You can compare bonds by price and risk along key yield curves.   Bond-Market Scatter Graph
 Screenshot for illustrative
 purposes only
Pricing
 Transparent, Simplified Pricing
Historical pricing: Fidelity is leading the way by providing readily available MSRB and TRACE trading information to individual investors.1
Fully Disclosed, Competitive Pricing - Until now, it has been difficult to understand what you are paying for a bond and what you are paying in hidden fees. Fidelity has changed all that. Fidelity is leading the way in showing you both what the concessions are and what the bonds are trading for.2

Fixed Income Security Concession Schedule

Secondary Market

Concession per Bond3
If traded with a Rep If traded online
US Treasuries $0 $0
Government Agencies, CDs $1.00 $1.00
Municipals $1.00 $1.00
Corporates (Investment Grade)4 $1.00 $1.00
Non-Investment Grade, MBS, Other $1.00 $1.00

New Issues

Concession per Bond3
If traded with a Rep If traded online
US Treasury Auctions $19.95/trade Free
Maximum charge: $250 for trading bonds (all types). The maximum is reduced to $50 for bonds with a maturity date of one year or less.
Minimum charge: $19.95 if traded with a representative. $0 for US Treasuries and $8 for all other securities if traded online.
Guidance
 Expert Tools & Trading Data
We give you the tools professionals use to evaluate their bond purchases. Make side-by-side comparisons of yields, call dates, and ratings. Create a scatter graph comparing bonds with market yield curves. Decide, with the help of our Bond Ranking System, if a bond is well-priced or too risky.
The Bond Ladder Tool (log in required) - Build a consistent flow of income from a staggered fixed income portfolio based on bond maturities.
Sign up for E-Mail Alerts (log in required) about fixed-income offerings or events, including rating upgrades and downgrades, bond maturities, credit watches, and bond calls.
Fixed Income Portfolio Analytics Available to customers with fixed income portfolios of $3 million or more. Provided by the HNW Bond Desk
1.  Detailed and historical trade pricing information is provided by the Municipal Securities Rulemaking Board (MSRB) and the NASD's Trade Reporting and Compliance Engine (TRACE) for municipal and corporate bonds, respectively. Regarding pricing transparency, Fidelity is leading the way by providing readily available MSRB and TRACE trading information to individual investors.
2.  Please note that the addition of Fidelity Brokerage Services (FBS) concessions will impact the total cost of the transaction and the total or "effective" yield of the investment from the prices and yields quoted on the inventory offering screens.
3.  The offering broker, which may be our affiliate National Financial Services (NFS), may realize a trading profit or loss on the transaction.
4.  Includes Corporate Zeros, FICOs, TIGRs, CATS.
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Getting Started
Let Fidelity help you find the fixed income investments that are right for you.