When purchasing a bond there are a couple of other expenses to take into account other than the trade price. Keep in mind, that there is a markup fee charged, and the amount of the fee is predicated on the maturity length of the bond and the type of bond. You can see that outlined below and also in our fee disclosures found here.

It is important to note there is also accrued interest owed to the bond issuer. Accrued interest on a bond is the interest that has accumulated on the bond since the last interest payment date. When you buy or sell a bond between interest payment dates, the buyer pays the seller for the interest accrued since the last payment. The accrued interest will be displayed on the order confirmation screen.

Bond trading transaction fees

To cover the expenses associated with bond trading, we charge a fee based on the type of bond you are purchasing and the time remaining until maturity.

For further questions please contact the Member Support team via in-app chat or email at support@public.com.