A bond quote provides the current price at which a bond is traded in the market and is essential for investors and traders to understand. Understanding bond quotes helps investors compare different bonds and decide which bonds to buy or sell. Reading a bond quote may initially seem complex, but it's straightforward with a little guidance. Bond quotes can be expressed as a percentage of par or face value and converted to a point scale. The par value is traditionally set at 100, representing 100% of a bond's $1,000 face value. Bond quotes may also be expressed as fractions. 97ed