May 10th
During the year, the third batch of savings treasury bonds was officially put on sale
3-year and 5-year Treasury bonds
The total amount of issuance is 30 billion yuan
The coupon rates are 2.38% and 2.5%, respectively
In the context of "one order is hard to find" for large-value certificates of deposit
Savings bonds are favored by everyone
The journalist notes that
The current savings treasury bonds are in the form of certificates,
It can only be purchased over the counter at a bank branch.
Therefore,
It has also won the popularity of the elderly group.
Early yesterday morning, at the door of a bank in Hangzhou
The banks haven't opened yet
Many citizens have already gathered to buy government bonds
Queue up - buy bonds as standard!
At half past eight yesterday morning, the ICBC outlets on Quyang Road in Shanghai opened ahead of schedule. Early in the morning, customers who bought government bonds had already gathered at the door.
This month's certificate treasury bonds were all purchased over the counter, and customers who did not grab the quota on their mobile phones last month deliberately rushed early yesterday.
Everyone's enthusiasm for the national debt comes from
Treasury bonds have a higher interest rate than the limited deposit over the same period
The coupon rate of the three-year treasury bonds issued this time is 0.03 percentage points higher than that of the whole deposit and withdrawal of the same maturity, and the coupon rate of the five-year treasury bond is 0.1 percentage points higher.
The uncle who ranked first, in addition to the balance in the card, also had to buy treasury bonds with tens of thousands of yuan in cash in his bag.
The counter next door is also an old customer, and the treasury bonds purchased five years ago are maturing.
As can be seen from the certificates, the coupon rate of the treasury bonds issued in May 2019 is as high as 4.27%. At the moment, a 2.5% gain is already outstanding.
Some citizens said that because the interest rate is a little higher than that of deposits (lump sum deposits and withdrawals), they bought them, and it is more difficult to buy large-amount certificates of deposit.
In the interview, many citizens mentioned large certificates of deposit.
- Taking the Industrial Bank of China as an example, since the Bank of China lowered the deposit interest rate in December last year, the interest rate on three-year certificates of deposit has been the same as that on lump sum deposits, while the five-year certificates of deposit have been removed from the shelves.
And this is not an isolated case, many other banks
Long-term large-denomination certificates of deposit were also taken offline
Chen Xu, president of the Quyang Business Center Branch of the Industrial and Commercial Bank of China, told reporters that since there are fewer and fewer large-value certificates of deposit on the market, the interest rate advantage of treasury bonds is more reflected.
Less than an hour
The quota of all treasury bonds of ICBC Hongkou Branch
Sell them all
Beijing also exploded "sold out in 3 minutes"
In Beijing, it was officially put on sale
The new batch of savings bonds has also been robbed
According to a reporter from China-Singapore Jingwei, at the door of an outlet in Haidian District, Beijing, the majority of people queuing up to buy savings bonds are middle-aged and elderly people.
After the branch opens at 9 a.m., customers who purchase government bonds enter in the order in which they received their numbers. Three minutes later, the 5-year treasury bond of the outlet was gone.
"I came to the queue at five o'clock in the morning." One female older investor said the people ahead of her came before her.
At the entrance of another Agricultural Bank of China branch, an investor who was in the first line said that he came to the queue at 7 o'clock in the morning, "I am retired, I came early, and I had a long queue before." ”
At around 10:30, the reporter called the above-mentioned branch of the Industrial and Commercial Bank of China in Beijing, and the staff said that the three-year treasury bonds were no longer available.
At around 11:20, the reporter called some outlets of China Construction Bank, Agricultural Bank of China and Bank of China in Beijing and learned that there was no quota for 3-year and 5-year terms. The staff of the Agricultural Bank of China said that there may not be a quota in the back, and it depends on whether there is a random allocation.
▲ Image source: Visual China (unrelated to the picture and text)
In fact, since the beginning of this year, the news of "seconds" and "difficult to grab" of savings bonds has attracted frequent attention on social platforms.
In this regard, at the press conference on fiscal revenue and expenditure in the first quarter, the Ministry of Finance said that it is paying close attention to the changes in the supply and demand of savings treasury bonds, and will study appropriately increasing the scale of issuance to benefit more investors.
Why are savings bonds so sought-after?
From May 10 to 19, the Ministry of Finance will issue the third and fourth tranches of certificate savings treasury bonds this year. Previously, the quota of some issuers was "killed in seconds", which can be described as "difficult to find". What is a savings treasury bond? What is the plan for this round of issuance? Why is it so sought-after? Do you still want to deposit bank fixed deposits? Let's take a quick look at the quick questions and answers↓
Q
What is a savings treasury bond? What types of treasury bonds are currently issued by the mainland?
A: At present, the treasury bonds issued by the mainland can be divided into savings treasury bonds and book-entry treasury bonds.
Savings treasury bonds are non-negotiable treasury bonds issued by the government to individual investors for the purpose of absorbing personal savings funds and meeting long-term investment needs. Savings treasury bonds are registered treasury bonds, and the real-name system is adopted for registered treasury bonds. According to the different forms of recording claims, they can be divided into certificate-type savings treasury bonds and electronic savings treasury bonds.
Book-entry treasury bonds are the types of treasury bonds that are recorded in the form of electronic bookkeeping, issued by the Ministry of Finance to all kinds of investors in the whole society, and can be registered, reported for loss, listed, and circulated and transferred. Book-entry treasury bonds are issued and traded in a paperless form.
Q
What is the plan for the issuance of certificate-type savings bonds?
A: This year, the third and fourth phases of treasury bonds are fixed-rate and fixed-term varieties, with a maximum issuance amount of 30 billion yuan, of which the third phase has a term of 3 years, a maximum issuance amount of 15 billion yuan, and an annual coupon rate of 2.38%; The term of the fourth phase is 5 years, with a maximum issuance amount of 15 billion yuan and an annual coupon rate of 2.5%.
After purchasing two tranches of treasury bonds, investors can go to the original purchasing institution to redeem them in advance. However, on the last day of the issuance period (i.e., May 19), early redemption will not be processed.
Investors who apply for early redemption shall calculate interest according to the actual holding time of the current treasury bonds and the corresponding interest rate grade, and at the same time, they shall pay a handling fee to the members of the underwriting syndicate at the rate of 1‰ of the principal amount withdrawn in advance. Specifically, from the date of purchase, no interest will be paid for the two treasury bonds held for less than half a year, 0.35% per annum for half a year and less than 1 year, 0.85% for 1 year and less than 2 years, and 1.87% for 2 years and less than 3 years; The interest of the fourth treasury bond shall be calculated at 2.32% for 3 years and less than 4 years, and 2.43% for 4 years and less than 5 years.
Q
How do I buy a certificate savings bond?
A: Certificate savings bonds are issued to individuals, starting from the face value of RMB 100 and issued at integer multiples of RMB 100. Certificate-type savings bonds are sold over the counter at bank outlets. At the same time, certificate-type savings treasury bonds are registered treasury bonds, and the real-name system is adopted in the registered method, and the loss can be reported, but the name cannot be changed and cannot be circulated and transferred. Investors are required to present their valid identity documents when handling the business related to certificate savings treasury bonds.
Q
Why are savings bonds so sought-after?
A: Since April, due to factors such as the reduction of deposit interest rates by some banks and the suspension of sales of large-denomination certificates of deposit, the attention of savings bonds has further increased.
Savings bonds have the following characteristics:
- High credit rating, guaranteed by national credit, higher credit rating than other bonds or bank wealth management products, good security.
- Stable income and tax-free interest. The interest rate of savings treasury bonds is fixed, and interest income is exempt from individual income tax.
- The purchase threshold is low, and the inclusiveness is outstanding. The starting point for savings bonds is $100 and is sold in integer multiples of $100. The amount of a single person's purchase of a single period of savings treasury bonds shall not exceed 3 million yuan, which is suitable for ordinary small and medium-sized investors.
- Flexible monetization. Savings treasury bonds can be used as collateral to apply for a pledge loan at the original purchasing bank, or they can redeem the savings treasury bonds held in advance before maturity in accordance with relevant regulations to obtain corresponding funds. However, early redemption will result in interest losses.
Q
After buying savings bonds, do I still need to deposit bank fixed deposits?
A: Treasury bonds and fixed deposits are both stable financial management methods, but there are differences between the two in terms of interest calculation rules, liquidity, taxation, etc., investors can choose according to the product interest rate, as well as their specific needs and risk appetite.
Q
Treasury bonds are so hard to grab, how to better meet investors' demand for bond purchases?
A: Li Xianzhong, Director General of the Treasury Department of the Ministry of Finance, said that the following four measures will be taken to better meet the needs of investors for bond purchases:
First, it is necessary to pay close attention to the changes in the relationship between supply and demand and the sales of savings treasury bonds, and study the appropriate increase in the scale of issuance. The core of "one debt is hard to find" is that the demand is strong and the supply is relatively insufficient, and the next step is to study the appropriate increase in the scale of issuance.
Second, we will study further lowering the single-person purchase limit so that savings bonds can benefit more investors.
Third, on the basis of guaranteeing counter sales, we will continue to improve the information service level of electronic savings treasury bonds, and steadily increase the sales volume of electronic savings treasury bonds on the online (mobile phone) side. At the same time, we will increase publicity to guide more investors to purchase bonds through online (mobile phones) and improve the bond purchase experience.
Fourth, in conjunction with relevant departments, we will further optimize the quota allocation mechanism for certificate-type savings bonds, better match outlets with actual needs, and study medium- and long-term arrangements for optimizing the proportion of certificates and electronic savings bonds to better meet investors' demand for bond purchases.
Sources: Qianjiang Evening News, Newsroom, National Business Daily, China-Singapore Jingwei, Economic Daily, etc