How can marketable securities be converted to cash prior to maturity?
Marketable securities can be sold in the secondary market, at current market prices, at any time prior to maturity. As a result, sellers of marketable securities can sustain a gain or loss depending on market conditions at the time of the sale. The Treasury charges a $45 fee to handle the sale in the secondary market of a marketable security* held in either its TreasuryDirect or Legacy Treasury Direct systems prior to maturity. Commercial brokers and dealers may charge a different fee for this service. If the security is held until maturity, the purchaser will receive their principal value at maturity.
