The Nasdaq Fixed Income electronic trading platform provides institutional trading of benchmark U.S. Treasury Securities including:

• T-Bills
• T-Notes
• T-Bonds
• U.S. Treasury Floating Rate Notes (FRNs)

Comprehensive information includes best bid/best offer, size and yield; VWAP, and aggregated Volume  for U.S. Treasury Benchmarks and Floating Rate Notes (FRNs).

On-the-Run Treasuries

NFI supports U.S. Treasury benchmark securities, the most recently issued Notes and Bonds. NFI’s Central Limit Order Book matches orders on a Price/Time priority basis.

Off-the-Run Treasuries

NFI also offers liquidity in U.S. Treasury Off-the-Run securities, which are previously issued U.S. Government Notes and Bonds.

Fixed-Ratio Curve Trades

NFI Curve Trades are comprised of one buy and one sell, executed as a single instrument via yield spread with no leg risk.

U.S. Treasury Bills

TBills, short-term discount instruments with maturities less than 12 months which mature at Par, are quoted and traded on a discount yield basis on NFI.