Treasury Bonds at Merrill Edge
Main points:
• Investors at Merrill Edge can buy and sell Treasury securities.
• Online Treasury trades have $0 commissions at Merrill Edge, but representative-assisted Treasury trades have a service charge.
• With Merrill’s fixed-income screeners, it’s easy to find Treasury debt.
Instead of searching around the internet for a place to trade Treasury bonds, you can open a brokerage account at Merrill Edge and start trading them once the account is open and funded. Here are the details:
Available Treasuries
Merrill Edge customers can buy and sell Treasury debt in bond, bill, and note formats. Secondary-market Treasuries can be traded online, while Treasury auction trades are not available online at this time.
Treasury Education
The Merrill Edge website has educational materials on fixed-income securities. Some of these resources include information on Treasury debt. To find these valuable resources, click on the Research tab at the top of the website and select the link for Fixed Income. On the Fixed Income page, there are resources for bond education, research, news, and fixed-income tools.
Finding Treasuries
On the Fixed Income page we saw above, there is a matrix of bond yields. To find this section, make sure you are on the Overview tab and scroll down until you see the blue hyperlinks for various bond yields. Treasuries are listed in the first row with columns for 1 year, 3 year, 5 year, 10 year, 20 year, and 30 year formats.
Click on a maturity to pull up a list of Treasury securities with maturities within that range. During our research across all maturities, we found a few hundred individual securities. Results can be sorted by the following data points:
- CUSIP
- Maturity date
- Coupon rate
- Call date
- Offer price
- Yield to worst
- Available quantity
Click on a bond’s CUSIP in the results to pull up a more detailed window.
Examples of Treasury Bonds
Here are a couple of examples that we found during our research on the Merrill site:
| Security |
Maturity date |
Yield |
| T-bond |
08/15/2054 |
4.804% |
| T-note |
12/31/2027 |
4.299% |
Placing a Trade for a Treasury Bond
To submit an order for a specific bond, click on the CUSIP in the search results to pull up the informational window. In here, there is a trade button. Click on this to get the order ticket, which is easy to use. More details will be shown on the ticket, including the account’s buying power for Treasuries.
Treasury Funds
If you prefer diversification, you can skip the individual bonds and trade Treasury funds instead. Merrill Edge offers both ETFs and mutual funds that hold Treasury securities. To find these funds, open the ETF or mutual-fund screener under the Research tab. Search for taxable bonds on either search engine under the category filter for Morningstar asset class. For ETFs, we found 232 matches. Not all of these are Treasury funds, so you’ll need to scan through the results. For mutual funds, we received 496 matching results.
Merrill Edge Treasuries Fees and Minimums
Online trades of Treasuries, including auction and secondary Treasury trades, have $0 commissions at Merrill Edge, although Treasury auction trades are not available online at this time. Representative-assisted Treasury trades have a $29.95 per-trade service charge. ETFs also have no online commissions, although sales may be subject to small transaction fees. For mutual funds, no-load, no-transaction-fee funds have $0 online transaction fees, while no-load transaction-fee funds have a $19.95 online transaction fee or a $29.95 representative-assisted transaction fee.
Most Treasury securities at Merrill have a $1,000 trade minimum. A bond ETF will have a minimum trade amount of one share. Mutual funds have various minimums, depending on the fund family.
Charles Schwab as a Fallback
If you want to trade Treasury funds and need a larger list of possibilities than Merrill provides, you may want to consider Charles Schwab as a substitute. Schwab has a large selection of bond mutual funds and Treasury ETFs.
For individual bonds at Schwab, click on the Trade tab at the top of its website and select the link for Bonds. You’ll get a bond matrix much like the one we saw at Merrill. Treasuries are in the top row, and Treasury Zeros are the second row. Underneath the matrix is a blue hyperlink for Treasury Auctions; click on this link to pull up a list of upcoming auctions.
For secondary bonds, click on a hyperlink to pull up a list of Treasury securities with matching expiration dates. There are lots of details here, and each bond sits in a row. On the left-hand side, there is a Buy link. Click on this link to place a trade.
At Schwab, online trades of Treasury bills, notes, bonds, TIPS, and Treasury floating-rate notes have $0 commissions. Zero-coupon Treasuries, including STRIPS, have a per-bond online fee with a minimum and maximum. Bond ETFs are also commission-free online; some mutual funds may have a transaction fee.
Unlike Merrill, Schwab offers trading in futures contracts, and some of these have Treasuries as their underlying assets. Schwab charges $2.25 per contract, per side, plus applicable exchange and regulatory fees.
Merrill Edge Treasuries Verdict
Merrill Edge offers easy access to the Treasury market, especially for online secondary-market Treasury trades. Schwab offers more for investors who want online Treasury auctions and futures trading.
Free Charles Schwab Account
Visit Schwab Website
Updated on 6/30/2026.
Chad Morris has been analyzing investment firms for Brokerage-Review.com since 2015. Backed by FINRA Series 65, 66, and SIE credentials, his work reflects a deep knowledge of the retail brokerage industry and digital trading tools.
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