Can I Buy Treasury Bonds on Merrill Edge?
Yes, Treasury bonds can be traded at Merrill Edge. Keep reading for the full details.
Treasury Bonds at Merrill Edge
Merrill Edge has an easy-to-use website that makes it simple to look for Treasury bonds, notes, and bills. A good place to start is the Research tab in the top menu. Under this tab, you will find several links. Click the fixed income link to open the bond hub, which includes Treasuries.
There are many resources in this fixed-income center. The overview tab displays the current U.S. Treasury yield curve, which can change over time. The current rate on the 10-year Treasury is also shown; as of May 4, 2026, it was
4.45%.
An Education tab contains many learning resources focused on fixed-income securities. We found both articles and videos. Here are some example resources:
- What is fixed income?
- Understanding bonds and their risks
- What are the different types of fixed income products I can invest in?
- How often do bonds pay interest?
This educational center is a useful starting point for beginners. More experienced bond traders may want to review the Research & News tab. This section includes research reports from Bank of America Securities. The pdf reports cover topics that may be especially useful for Treasury traders. Here are a few materials we found:
- Situation Room: Big inflow into high grade
- Monthly HG Market Review: June '26: Resilient economy, hawkish Fed
- US High Grade Credit Research: Top US High Grade Ideas
The final tab is the Screener tab. As the name indicates, this is where you can search for Treasury bonds to trade. The first step is to click the Treasuries icon on the opening screen. Once this debt category is selected, other criteria can be entered. Examples include yield to worst and offer price.
Search results can be sorted by several variables. These include coupon rate, offer price, and call date. It is easy to narrow the results by applying multiple filters. Coupon rate, quantity, offer price, and yield to worst are a few examples. A comparison link appears at the bottom of the results, and there is a watchlist link in this area as well.
Treasury Profiles
In the search results, each bond’s CUSIP is linked. Clicking this link opens a pop-up window near the top of the website with additional details. A chart showing yield to worst appears here, along with other data points such as call status.
A blue Research button is also shown in this area. Clicking it opens another page with more information. These details include minimum order size and duration. This profile also includes links to add a bond to a watchlist or create an alert for it.
How to Buy a Treasury Bill at Merrill Edge
The comparison tool, the pop-up window, and the bond’s profile all include trade links. Clicking a trade link in any of these locations opens the order form. The form is very simple to use. The CUSIP and buy-side entry will already be filled in. Other important data points, such as the minimum purchase amount, the number of bonds available to buy, and the multiple in which the security trades, will also be shown. For most bonds, this multiple is usually 1, which represents $1,000.
Simply enter the desired purchase amount, including the three zeroes (5000 for a $5,000 purchase), and preview the order. Accrued interest and the estimated order amount will be displayed. If everything looks correct, submit the order.
To the right of the trade ticket is a small window showing the account’s buying power. Available numbers include:
- US treasury bills/notes buying power
- US treasury bonds buying power
- Government agencies buying power
Note that a margin account can trade Treasury debt using a large amount of leverage, so some bond types may show substantial buying power.
Schwab as an Alternative
Although we like Merrill Edge’s Treasury service, Charles Schwab is another option
for sovereign-debt trading. Unlike Merrill Edge, Schwab offers access to some foreign-government
bonds. This can create an opportunity to add some diversification to a U.S.-bond portfolio.
Another area where Schwab has an advantage over Merrill Edge is mutual funds. Although these
aren’t technically Treasury bonds, many funds do invest in Treasury securities, and Schwab offers more mutual
funds than Merrill Edge.
Like Merrill Edge, Schwab has a user-friendly website with many resources for trading individual Treasury securities. There are educational materials and screeners that help investors find bonds for trading.
Another area where Schwab outperforms Merrill Edge is Market Depth. Some Treasury securities at Schwab have multiple prices at multiple quantities. Merrill’s site doesn’t display this information (only the current offer price is shown on Merrill’s site).
Merrill Edge’s trade ticket for bonds also has just one order type: market. Schwab’s order form, by comparison, has two trade types: market and limit.
Schwab’s order ticket also automatically displays the last three zeroes in the quantity field, which means only a 9 needs to be entered to purchase $9,000 of a bond offering. Some users may find this system a little easier.
Free Schwab Account
Satisfaction guarantee, ACAT reimbursement, and $0-fee trades at Charles Schwab.
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Updated on 5/6/2026.
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