Newspaper and Internet Quotes

On the Internet and in the newspaper, bond prices are quoted per $100 of par value, although trading units are typically $10,000 or more. Coupons are quoted in eighths. Thus, means a semiannual coupon of $6.125/2. The maturity date is the month and the last two digits of the year. Thus, Feb '10 means February 2010; the exact date in February has to be found from other sources, such as the Monthly Statement of the Public Debt of the United States, available online at the Treasury website, treas.gov. Prices are quoted in 1/32 of a dollar. The semiannual yield to maturity is generally the reported yield in the newspaper.