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.

ES

Spain

AA · High grade Servicing its debt
Credit rating
AA
High grade
$918.13
State budget
819.53
EUR · $918.13
Held by players
190
6 Holders
Paid per day
0.0418
EUR /day
Bonds issued
9,961
On market
9,771
Best ask
0.0879
EUR
Active emissions
1
0.25%/day

Recent transactions

3d ago
Issue
R3negat ← State Treasury
Emission #92
1
0.0879 EUR
10d ago
Issue
R3negat ← State Treasury
Emission #92
1
0.0879 EUR
13d ago
Issue
yobet ← State Treasury
Emission #92
6
0.5274 EUR
17d ago
Issue
yobet ← State Treasury
Emission #92
4
0.3516 EUR
20d ago
Issue
yobet ← State Treasury
Emission #92
5
0.4395 EUR
28d ago
Issue
OnurbOsmar ← State Treasury
Emission #92
1
0.0879 EUR
Aug 25, 2026
Issue
catalinacata ← State Treasury
Emission #92
1
0.0879 EUR
Aug 23, 2026
Issue
#990013574 ← State Treasury
Emission #92
11
0.9669 EUR
Aug 23, 2026
Issue
#990013650 ← State Treasury
Emission #92
2
0.1758 EUR
Aug 23, 2026
Issue
#990013807 ← State Treasury
Emission #92
13
1.14 EUR
Aug 23, 2026
Issue
#990013806 ← State Treasury
Emission #92
13
1.14 EUR
Aug 18, 2026
Issue
NeneOne ← State Treasury
Emission #92
14
1.23 EUR
Aug 17, 2026
Issue
catalinacata ← State Treasury
Emission #92
22
1.93 EUR
Aug 7, 2026
Issue
Titawom ← State Treasury
Emission #92
6
0.5274 EUR
Aug 4, 2026
Issue
NeneOne ← State Treasury
Emission #92
13
1.14 EUR
Aug 1, 2026
Issue
NeneOne ← State Treasury
Emission #92
24
2.11 EUR
Jul 28, 2026
Issue
Titawom ← State Treasury
Emission #92
13
1.14 EUR
Jul 27, 2026
Issue
Titawom ← State Treasury
Emission #92
1
0.0879 EUR
Jul 27, 2026
Issue
Titawom ← State Treasury
Emission #92
13
1.14 EUR
Jul 27, 2026
Issue
Titawom ← State Treasury
Emission #92
1
0.0879 EUR
Jul 26, 2026
Issue
Titawom ← State Treasury
Emission #92
20
1.76 EUR
Jul 26, 2026
Issue
NeneOne ← State Treasury
Emission #92
8
0.7032 EUR
Jul 25, 2026
Issue
Titawom ← State Treasury
Emission #92
12
1.05 EUR
Jul 25, 2026
Issue
Titawom ← State Treasury
Emission #92
24
2.11 EUR