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.

FR

France

AAA · Prime Servicing its debt
Credit rating
AAA
Prime
$1,042.34
State budget
930.40
EUR · $1,042.34
Held by players
13
3 Holders
Paid per day
0.0029
EUR /day
Bonds issued
10,000
On market
9,987
Best ask
0.0879
EUR
Active emissions
1
0.25%/day

Recent transactions

16d ago
FR France
Issue
R3negat ← State Treasury
Emission #97
1
0.0879 EUR
16d ago
FR France
Issue
R3negat ← State Treasury
Emission #97
1
0.0879 EUR
19d ago
FR France
Issue
R3negat ← State Treasury
Emission #97
1
0.0879 EUR
20d ago
FR France
Issue
R3negat ← State Treasury
Emission #97
2
0.1758 EUR
20d ago
FR France
Issue
R3negat ← State Treasury
Emission #97
2
0.1758 EUR
20d ago
FR France
Issue
R3negat ← State Treasury
Emission #97
2
0.1758 EUR
22d ago
FR France
Issue
R3negat ← State Treasury
Emission #97
1
0.0879 EUR
25d ago
FR France
Issue
OnurbOsmar ← State Treasury
Emission #97
1
0.0879 EUR
Aug 3, 2026
FR France
Issue
fodcom ← State Treasury
Emission #97
2
0.1758 EUR