Treasury Bonds
Sovereign debt market

Treasury Bonds

Every public country opens its bond programme with a first emission of 10,000 treasury bonds — private countries have no parliament to vote a loan, so they never issue any. Every bond in the world is worth the same: a face value of $0.10, paid in the issuer's own national currency at the exchange rate of the day the emission opened — so the price differs from country to country but the value never does. Each emission is a separate tranche with its own daily coupon rate and its own maturity date, so two bonds from the same country can pay differently and redeem on different days. Hold a bond and the state budget pays its emission's coupon every single day; when the emission matures the treasury buys it back at face value. Buy straight from the treasury or from other citizens, then hold for the coupon or list your own at any price you like. A country's credit rating climbs and falls with its budget — and if the treasury can no longer cover its coupons, it defaults on its debt until its finances recover.

GB

United kingdom

AA · High grade Servicing its debt
Credit rating
AA
High grade
$948.58
State budget
716.38
GBP · $948.58
Held by players
17
2 Holders
Paid per day
0.0032
GBP /day
Bonds issued
9,977
On market
9,960
Best ask
0.0750
GBP
Active emissions
1
0.25%/day

Order book

1 result(s)
GB
United kingdom AA
$948.58
Primary · Emission #99 · Opening emission
Interest
0.25%/day
0.0002 GBP/day per bond
Maturity
Jul 24, 2027
Issued Jul 24, 2026
Price
0.0750 GBP
face 0.0750
Qty
9,960
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