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What is a Bond Quote?

A bond quote refers to a bond's market price.

How Does a Bond Quote Work?

The market prices of bonds are quoted as a percentage of the bonds' par value. Bonds issued by companies are quoted in increments of 1/8th (0.125) and bonds issued by the government are quoted in increments of 1/32nd (0.03125).

For instance, a corporate bond with a par value of $1000 quoted at 80.125 would have a market value of $1,000 * 0.80125 = $801.25.

Likewise, a government-issued bond with a $1,000 par value quoted at 85.03125 would have a market value of $1,000 * 0.8503125 = $850.3125.

Why Does a Bond Quote Matter?

Bond quotes indicate to the prospective buyer whether a given bond is or was trading at discount or at a premium to par value.

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Paul Tracy
Paul Tracy

Paul has been a respected figure in the financial markets for more than two decades. Prior to starting InvestingAnswers, Paul founded and managed one of the most influential investment research firms in America, with more than 3 million monthly readers.