Treasury Bonds at Merrill Edge
Main points:
• Investors at Merrill Edge can buy and sell Treasury securities.
• Online Treasury trades at Merrill Edge have no commissions.
• With Merrill’s user-friendly bond screener, it’s easy to find Treasury debt.
Instead of searching all over the Internet for a place to trade Treasury bonds, you can simply open a brokerage account at Merrill Edge and begin trading them right away. Here are the details:
Available Treasuries
Merrill Edge customers can buy and sell Treasury debt in bond, bill, and note formats. Auction and secondary securities can both be traded in Merrill brokerage accounts.
Treasury Education
The Merrill Edge website has brief educational materials on fixed-income securities. Some of these resources include information on Treasury debt. To find these helpful materials, 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 two sub-tabs devoted to bond education: Education and Research & News.
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 (the page defaults here) and scroll down until you see the blue hyperlinks of 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 probing 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 very 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 Treasuries on the primary or secondary market have no commissions at Merrill Edge. ETFs also have no commissions. Some mutual funds may have a $19.95 transaction fee, although some are commission-free.
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. During our probing on Schwab’s website, we found exactly 1,200 bond mutual funds, more than twice the number we found at Merrill. Schwab also has the same 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.
Like Merrill Edge, Schwab charges no commissions on secondary or primary trades of Treasury securities. Bond ETFs are also commission-free; some mutual funds may have a $74.95 trade 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.
Merrill Edge Treasuries Verdict
Merrill Edge offers easy access to the Treasury market. Schwab offers a little more, although there are higher trading fees in some cases.
Free Charles Schwab Account
Visit Schwab Website
Updated on 4/4/2026.
Chad Morris is a financial writer with more than 20 years experience
as both an English teacher and an avid trader. When he isn’t writing
expert content for Brokerage-Review.com, Chad can usually be found
managing his portfolio or building a new home computer.
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