Can I Purchase Treasury Bonds on Charles Schwab?
If you are enthusiastic about investing in Treasury bonds at Charles Schwab, you will be glad to learn that it can be done. Charles Schwab provides a broad range of Treasury bonds to select from.
Charles Schwab delivers a simple process for buying Treasury bonds at auction or in the secondary market, and we will guide you through it.
Continue reading to find out more.
Buying Treasury Bonds at Charles Schwab
The first step in buying Treasury bonds at Charles Schwab is to go to the "Trade" tab. From that location, choose "Bonds" from the dropdown list.
Agree to Schwab’s Conditions
If you have not previously invested in Schwab’s fixed-income products, the broker will require you to look over some paperwork and confirm that you acknowledge them. After that process is done, you will arrive at the "Fixed Income Offerings" page.
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Schwab Treasury Bond Selection
The following step involves choosing the market where you want to purchase bonds. You can buy Treasuries either on the secondary market or at an auction.
You will then have to pick a rate that suits your objectives. You may refer to the 'Fixed Income Offerings' table for guidance. Multiple durations appear on the U.S. Treasuries row, ranging from three months to over 30 years.
Each duration pays out in a unique way, and once you click on the rate that appeals to you, a window will open showing various bond choices. The bonds for that maturity timeframe appear in a list, and each has its own coupon, price, and minimum trade quantity specifications.
If you locate a Treasury bond that catches your attention, clicking on its name will bring up a page describing the bond and displaying the real-time bid/ask quotes. Some of the information you can see includes the current yield, coupon date, rate and type, and evaluated price.
Trading Treasuries at Schwab
Each bond listed has a "Buy" button on the left side. When you are set, clicking the buy button takes you to the bond trade ticket for that asset. The trade ticket lets you check the price and yield details again, select the quantity of bonds you wish to buy, and finalize your order.
Buying Treasuries at Auction on Schwab
If you plan to purchase Treasuries at auction, the process is similar, but there are a few differences. One benefit is that acquiring Treasuries at auction makes it possible to automatically reinvest your bond principal at maturity—an option often used by long-term investors.
To buy Treasuries at auction, begin at the "Fixed Income Offerings" area. Near the bottom of the page, you will find a link labeled "Treasury Auctions."
Schwab lists the available Treasuries along with their auction dates, maturity dates, and other details. When you click on one of the Treasuries from the list, an order ticket appears with the key information, such as the dollar amount, order type, order timing, and an option for auto-rollover.
The last step is to check everything and place the order.
Schwab Treasury Fees
Although a few of Schwab’s fixed-income offerings carry transaction costs (CDs and non-Treasury bonds have a $10 minimum), Schwab does not apply a fee for online Treasury trades (broker-assisted transactions cost $25).
Schwab Auction Dates and Maturity
When browsing and buying Treasuries, you will see that there are numerous auction and maturity dates.
If you want to acquire new Treasuries at auction, it is crucial to know when new securities become available. Short-term instruments (weekly T-Bills) are auctioned each week, while longer-term choices are auctioned monthly.
The options you can invest in depend on the type of Treasury you choose. Treasury bonds mature in 20 or 30 years, while Treasury notes mature in 2, 3, 5, 7, and 10 years. Treasury bills (T-Bills) mature in 4, 8, 13, 26, or 52 weeks.
It is wise to think about how each option might influence your portfolio over the long run and how each security type can assist you in achieving your objectives. Some investors combine different rates and maturity dates in complex strategies, while others opt for simpler methods.
Schwab Treasury Bonds Summary
Charles Schwab supplies investors with numerous helpful resources for buying Treasury bonds. Everything from researching products to evaluating securities to placing orders is straightforward, which makes this broker a solid choice for both newcomers and seasoned investors.
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Updated on 4/11/2025.
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