Can I Buy Treasury Bonds on Fidelity?
Traders at Fidelity Investments can buy and sell several fixed-income products, including Treasury bonds, bills, and notes. Here are the details:
Treasury Education at Fidelity
Fidelity places a strong focus on investor education, especially for Treasury securities. The broker’s website includes a fixed-income learning center under the News & Research tab at the top. We found numerous educational resources for fixed-income securities, including Treasuries. Here are some examples:
- Bond Investing Beyond Yield (live online webinar)
- How the Bond Ladder Tool Works
- Tentative Auction Schedule (in pdf format)
Fidelity Pricing for Treasury Securities
Fidelity has adjusted its commission schedule to stay competitive. U.S. Treasury trades placed online are free, whether a bond is a primary or secondary issue. Using a live rep over the phone costs $19.95.
Finding Treasury Bonds on Fidelity
Locating Treasuries at Fidelity is straightforward on the broker’s site. Hover over the News & Research tab at the top main menu and click on the link for fixed-income investments.
The next page shows a chart of bond yields by bond type and maturity (make sure you’re on the Yields tab). Treasuries and Zeros are included. Click a link to see a list of Treasury bonds that match the selected maturity and yield. The results list has several sorting criteria, such as:
- Yield to worst
- Price
- Quantity
- Maturity date
- Coupon rate
- Yield to maturity
A depth-of-book icon also appears in the search results. Click it to see various bid and ask prices for different quantities. This information matters because larger quantities may have lower prices, or a specific price might only be valid for a certain number of bonds. Different price levels can also have unique minimum purchase sizes.
Treasury Bond Profiles
The description of a debt instrument, including coupon rate and maturity date, is hyperlinked in the results. To view a more detailed description, click on the link.
Each bond profile offers many details. Some examples include:
- First settlement date
- Call protection
- Original issue amount
- Workout date
- Moody’s rating
- Interest accrual date
There are two tabs on the bond profile: Overview and Price & Performance. Details are spread across both tabs, so check both.
Best Fidelity Alternatives
How to Buy a Bond at Fidelity
At the top of a bond’s profile, and in the search results, you’ll see buy and sell buttons. Clicking on one opens the fixed-income order ticket, which auto-populates the bond’s info, including its CUSIP.
On the order form, choose a price (depth of book will appear). Be mindful that the minimum purchase amount can differ depending on the price. Enter the number of bonds you want (for example, 9 for $9,000) and submit the order once you’ve verified the details.
Auto Roll Service
Fidelity offers auto roll for Treasury securities purchased at auction. This feature uses principal amounts at maturity to automatically buy a new position. Treasuries bought on the secondary market are not eligible.
To enroll an eligible Treasury bond in auto roll, click the Auto Roll button on the order ticket. Note that you must sign up for alerts to activate this feature.
Schwab as an Alternative
While Fidelity Investments is a solid choice for Treasury products, Charles Schwab is also a strong option. Similar to Fidelity, Schwab provides extensive educational tools for fixed-income trading on both its website and mobile app.
Beyond education, Schwab supplies reliable search tools for Treasury bonds, notes, and bills. Its fixed-income scanner is located under the Research tab in the top menu. You can filter Treasuries or Treasury Zeros by coupon frequency, TIPS, and minimum coupon. Similar to Fidelity, Schwab displays depth of book (called Market Depth) for eligible bonds. You can also save searches for later use, a feature Fidelity has too.
Like Fidelity, Schwab includes a bond-ladder tool on its site. This feature lets you buy multiple Treasuries at once, each with different maturities.
Schwab follows a similar fee schedule as Fidelity, charging no online trading fees on Treasury bonds.
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Updated on 4/11/2025.
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