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.

World bond market

77 issuing countries 1%/day
Issuing countries
77
Bonds issued
770,842
Held by players
9,354
131 Holders
On market
761,488
Best coupon
1%/day
Active emissions
78
0.25–1%/day
Offers on the book
101
Coupons paid (30d)
3,640

Recent transactions

Jul 25, 2026
Issue
#990004787 State Treasury
Emission #120
22
3,025,605.12 IRR
Jul 25, 2026
Issue
toatesmart State Treasury
Emission #187
39
17.94 RON
Jul 25, 2026
Issue
SirTommes State Treasury
Emission #228
13
34,225.10 VND
Jul 25, 2026
Issue
SirTommes State Treasury
Emission #81
25
2.20 EUR
Jul 25, 2026
Issue
Dutton State Treasury
Emission #187
1
0.4600 RON
Jul 25, 2026
Issue
enesboztepe State Treasury
Emission #215
1
4.73 TRY
Jul 25, 2026
Issue
enesboztepe State Treasury
Emission #215
1
4.73 TRY
Jul 25, 2026
Issue
Mandalorian State Treasury
Emission #169
1
0.9582 NOK
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
Jul 25, 2026
Issue
Dutton State Treasury
Emission #187
1
0.4600 RON
Jul 25, 2026
Issue
Mandalorian State Treasury
Emission #169
4
3.83 NOK
Jul 25, 2026
Issue
Madden007 State Treasury
Emission #227
8
593.00 VES
Jul 25, 2026
Issue
Madden007 State Treasury
Emission #227
2
148.25 VES
Jul 25, 2026
Issue
Jorjgvara State Treasury
Emission #220
90
403.23 UAH
Jul 25, 2026
Issue
Jorjgvara State Treasury
Emission #220
10
44.80 UAH
Jul 25, 2026
Issue
#3498 State Treasury
Emission #178
63
1,749.43 PKR
Jul 25, 2026
Issue
Dutton State Treasury
Emission #187
6
2.76 RON
Jul 25, 2026
Issue
Dutton State Treasury
Emission #187
1
0.4600 RON
Jul 24, 2026
Issue
claude State Treasury
Emission #187
30
13.80 RON
Page 16 of 16 · 770 result(s)