folgore, If you're holding the bonds at a direct-access broker like IB, you can offer them out at whatever price you'd accept, or just hit the bid, and see if a desk somewhere will execute. But probably, your account is at E*Trade, Zions, Schwab, etc., meaning, they will run you through their online '"solicit ten bids" process and then get back to you through their order-entry messaging system in a pre-set, fixed time. (Typically, 10 to 20 minutes.)The message will say something like "There were 7 passes. 3 bids. The best is XX. This bid expires at XX. (which is typically 5 to 10 away.) If you wish to sell, convert your order from "Solicit bid" to "Sell", and submit. If you don't like the offer, just let it expire. Before you attempt to sell, pull T&S to see where lots your size are trading at and decide what you'd accept. If the bid comes in close enough to that, take it. Otherwise, try again another day. Scott reports that sometimes it has taken him weeks to get a price he'd accept. I've sometimes waited months. The lot was small, and the desks were screwing me around. So I waited until the demand for those bonds changed. Other times, I've gotten out fast and at very top price. At the retail level, selling is a crap shoot. So know exactly what you will and won't accept before you start the process, and don't give up too quickly. Charlie
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