Schwab cuts fees on bond trades

Charles Schwab Corp. has announced new discounts and a simplified pricing scheme for bond trades.
Starting July 1, individual investors will pay only $1 per bond for online trades, while broker-assisted trades will include online pricing and a $25 fee per transaction, San Francisco-based firm said yesterday.
Previously, there were several price points for different kinds of bonds and each product priced in a mark-up that was not disclosed to the client.
The discount broker also said that clients will be able to trade U.S. Treasury bonds in the secondary market for free.
The changes are meant to make bond investing easy for individuals, especially those nearing or in retirement.