Special treasury bonds refer to treasury bonds issued in a special period with special purposes, and the difference between them and ordinary treasury bonds is mainly that they are earmarked for special purposes, have flexible purposes, and are not included in the fiscal deficit, and are no different from ordinary treasury bonds for investors.
Arrangement for the issuance of extra-long special treasury bonds
The issuance time of ultra-long treasury bonds is not fixed, and the timing of issuance mainly depends on whether there is a need. This year, the Ministry of Finance plans to issue 1 trillion yuan of ultra-long special treasury bonds, with maturities of 20 years, 30 years and 50 years.
It can be seen that the 30-year batch of ultra-long special treasury bonds of the three maturities is the largest, with 12 batches, and the first batch will be issued on May 17. The second is the 20-year one, which will be issued in seven batches, and the first batch will be issued on May 24. There are only 3 batches of 50-year ones, and the first release is on June 14.
So far, the yield of ultra-long special government bonds has not yet been announced, but the approximate yield should be predictable.
Because the ultra-long special treasury bonds issued this time should still be issued in the form of book-entry treasury bonds, which means that the issuance interest rate will be similar to the market interest rate of book-entry treasury bonds in the same period.
At present, the market interest rates of the mainland's 20-year and 30-year book-entry treasury bonds are about 2.63 percent and 2.56 percent respectively, and the interest rates on the first batch of 20-year and 30-year special treasury bonds are estimated to be similar to this.
Since the yield of book-entry government bonds is constantly changing, the yield of special government bonds issued after that time depends on the market conditions at that time.
So, can individuals buy ultra-long special government bonds? How do I buy it if I want to?
How to buy extra-long special treasury bonds?
Whether or not individuals can buy special treasury bonds depends mainly on the target of the special treasury bonds. In the past, some of the special treasury bonds issued could be bought by individuals, and some could only be bought by institutions.
However, in the last two special government bonds, individuals can buy them. And the special treasury bonds issued this time do not say that only institutions can buy them, so there is a high probability that individuals can buy them.
If the ultra-long special treasury bonds are issued in the form of book-entry treasury bonds, there are two ways for individuals to buy them.
One is to buy it from the underwriter of the book-entry treasury bonds. Book-entry treasury bonds are underwritten by some commercial banks and securities companies. In general, the issuance process of treasury bonds is that the Ministry of Finance first conducts a tender, and then distributes it through these underwriters after the bidding is completed.
Individuals who want to buy new special government bonds can only do so through these underwriters.
There are two ways to buy: offline and online. Offline is to buy at the counter of a bank or securities company, and online is to buy online or on a mobile phone.
The following are the steps to buy treasury bonds online at a bank:
Log in to the bank's mobile banking and enter bond investment in the search column to search.
Enter the bond investment interface, click on the book-entry treasury bond and click to buy.
The other is to buy on the stock market. After the issuance of special government bonds, they will also be listed for trading. After listing, you can buy in the securities market through a securities account. However, you can only buy second-hand treasury bonds, and someone needs to sell them in the stock market.
To buy special treasury bonds in the securities market, you need to open a securities account with a securities company.
So, do you have any interest in the upcoming issuance of special government bonds?