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Can I place sell limit orders (like limit, stoplimit, trailstop..) in US bonds (treasury bonds, municipal and other types of bonds)? or it is only market orders?

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  • Based on your prior questions, you are probably referring to US products/securities, but should edit your post to clarify. Oct 19, 2021 at 19:07
  • @Morrison Chang yes you're correct
    – huab
    Oct 19, 2021 at 20:16
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    @Morrison Chang my broker only allow me to sell the fixed-income products by calling him, not even a mkt order
    – huab
    Oct 19, 2021 at 20:19

1 Answer 1

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Generally speaking, bonds trade OTC (over the counter), whereas stocks trade on an exchange. As a consequence, exchange-specific order types are irrelevant/unavailable since your broker will quote you a bid/ask price at which you can transact.

The specifics depend on your broker but as an example, I'm only able to specify limit price/limit yield when buying/selling bonds (market price is greyed out).

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