Treasury bonds refer to national public bonds that are guaranteed by state credit, which is unattainable for investors. It has been more than a year since the last issuance of special government bonds, and the last time it was issued was in December 2023. There are many kinds of treasury bonds, such as electronic treasury bonds issued in April this year, and special treasury bonds are a form of treasury bonds, which have the advantages of specific purposes, large scale, long maturity, and flexible policies.
So far, the mainland has issued a total of four special treasury bonds, the first in August 1998, the second in 2007, the third in December 2022, the fourth in 2023, and the fifth special treasury bond will be issued this year. According to the number of special treasury bonds in 2023, the amount issued is the same as that issued this year, which is 1 trillion yuan.
According to the timing of the issuance of ultra-long-term special government bonds in 2024, special government bonds will be issued every month from May 17 to mid-November. Among them, the 30-year ultra-long-term special treasury bonds with a maturity of 30 years have been issued the most, followed by the 20-year ultra-long-term special treasury bonds, and the smallest number of issuance is the 50-year ultra-long-term special treasury bonds, which will only be issued three times this year.
What does it mean for the state to issue a trillion national bonds?
The issuance of a trillion national bonds means that the state issues bonds to the public or institutions in order to raise funds for national construction or to regulate the economy. Generally speaking, the state began to borrow money from financial institutions and ordinary people, and this money has interest, and it is higher than the interest rate of bank deposits, which is a kind of investment with high stability and high returns. When the maturity of the ultra-long-term special treasury bonds you purchased expires, the principal will be returned to you. If you grab the 30-year ultra-long-term special treasury bonds issued on May 17, you can get the interest by pushing it back for half a year from May 20. The benefits of issuing a trillion Treasury bonds are as follows:
The first is to increase local fiscal revenues
The ultra-long-term special treasury bonds issued this time cannot be purchased directly by individuals, and individuals can go to the Jirong institution to purchase them after bidding from financial institutions. This is what the banks want to obtain, and after obtaining it, it will not only benefit the local people, but also increase local fiscal revenue.
The second is to promote economic development
Treasury bonds can stimulate the people's desire to buy, especially if the family has more assets, and it is safer to buy treasury bonds, which is a very good choice.
The third is to enhance the credibility of the country
The issuance of treasury bonds can improve the credibility of the country, raise funds from investors, and promise to pay interest or repay the principal within a certain period of time.
What is the approximate interest rate on the state's issuance of a trillion treasury bonds?
The interest rate on the issuance of one trillion treasury bonds by the state is about 2.8%-3.27%, depending on the maturity of the ultra-long-term special treasury bonds you purchase, and if you buy ultra-long-term special treasury bonds with a maturity of 50 years, the interest rate will definitely be the highest. According to the interest rate of government bonds issued by the state in the fourth quarter of 2023, the 3-year interest rate is 2.63%, and the 5-year interest rate is 2.75%.
In short, the fact that the state can promote economic growth through the issuance of special government bonds is only one point, and there are many positive aspects. If necessary, you can go to the bank counter to consult and understand before the issuance, and the actual interest rate shall also prevail.
#超长期特别国债5月17日发行#