Charles Schwab announced Tuesday that it is offering new, low and simplified pricing on online bond trades, charging a mere $1 per bond. In addition, the company is lowering the expenses on its tax-free bond funds from between 60 and 65 basis points to 45 and 49 basis points.

“Bonds are a key part of a diversified investment strategy, especially for investors who are nearing or in retirement,” said Walt Bettinger, president and chief operating officer of Charles Schwab. “But for too long, bonds have been behind other securities in terms of convenience and price transparency.”

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