Paul wrote:Bonds can be sold, but usually only to a bond dealer or the bond desk of a broker. They can offer you whatever they like. The market is not very competitive or efficient--especially for small holdings. Yes, they will buy it, but often they will get you for 3% or more (that can be 6 mo interest)--unless you're talking about $100K or more--some say a million or more.What Paul has written is correct, but there is one way for a small bond buyer to get competitive prices. Bonds that trade on the New York Stock Exchange have listed bid and ask prices, the same as stocks. They also list the number of bonds offered or bid for at those prices.Dan
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