A bond quote is the price at which a bond is currently being offered for purchase (ask price) or sale (bid price) in the secondary market, expressed as a percentage of the bond's face value (par value). A bond trading at a quote of 102 means it is priced at 102% of its face value — a premium to par — while a quote of 98 indicates it is trading at a discount. Bond quotes also typically include the bond's yield to maturity (YTM), which reflects the annualised return an investor would earn if they purchased the bond at the quoted price and held it to maturity, receiving all coupon payments. Understanding bond quotes requires familiarity with the inverse relationship between bond prices and yields — when interest rates rise, bond prices fall, and vice versa. For fixed income investors and traders on Ventura Securities, correctly interpreting bond quotes is essential for assessing relative value, executing bond trades at fair prices, and managing portfolio duration and yield in changing interest rate environments.
For android only
