Municipal Bond Forum
Selling bonds
Q
I’m looking for simple yet specific education on selling bonds purchased through a firm like yours. Mellon Bank or any other fiduciary can hold bonds. How do I sell them? Is there a ready market? Do I use an intermediary such as your company? What are the costs? Are these readily marketable compared to stocks?
A
James A. Klotz responds:
Yes, there is a ready market to sell any general market bonds purchased
from our firm or any other bond dealer.
Yes, you would require a brokerage firm to execute the transaction.
If you choose to sell your bonds through our firm, our bid price will be net to you. There are no additional costs or fees.
NYSE stocks would be considered more marketable because they trade on an exchange. Muni bonds, on the other hand, trade over-the-counter.
Start here.
Do you have specific criteria for bonds you’re looking for? Let us know and we’ll e-mail you bonds that fit your needs. There is no charge for this service.
This report is produced solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. This report is based on information obtained from sources believed to be reliable but no independent verification has been made, nor is its accuracy or completeness guaranteed.