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.

BE

Belgium

AAA · Prime Servicing its debt
Credit rating
AAA
Prime
$1,070.07
State budget
955.15
EUR · $1,070.07
Held by players
31
5 Holders
Paid per day
0.0068
EUR /day
Bonds issued
9,999
On market
9,968
Best ask
0.0879
EUR
Active emissions
1
0.25%/day

Recent transactions

11h ago
BE Belgium
Issue
R3negat ← State Treasury
Emission #53
8
0.7032 EUR
3d ago
BE Belgium
Issue
R3negat ← State Treasury
Emission #53
1
0.0879 EUR
13d ago
BE Belgium
Issue
R3negat ← State Treasury
Emission #53
1
0.0879 EUR
28d ago
BE Belgium
Issue
dozent ← State Treasury
Emission #53
1
0.0879 EUR
28d ago
BE Belgium
Issue
OnurbOsmar ← State Treasury
Emission #53
1
0.0879 EUR
Aug 2, 2026
BE Belgium
Issue
uluhakan ← State Treasury
Emission #53
9
0.7911 EUR
Aug 2, 2026
BE Belgium
Issue
#990010460 ← State Treasury
Emission #53
1
0.0879 EUR
Aug 1, 2026
BE Belgium
Issue
SirTommes ← State Treasury
Emission #53
10
0.8790 EUR