On May 17, the ultra-long-term treasury bonds were officially tendered, and the first issue was a 30-year ultra-long-term treasury bond, with an amount of 40 billion.
However, this issue of treasury bonds is not for sale to the public, but only to primary dealers in the open market, which means that the main ones who can buy treasury bonds are banks, securities institutions and some insurance institutions.
However, there is no need to worry, after these institutions take down the treasury bonds, most of them will sell them through the secondary market, and you can buy and sell these ultra-long-term treasury bonds by opening accounts in banks and securities institutions.
Compared with normal treasury bonds, the maturity of these special treasury bonds is indeed long enough, among which the maturity of this treasury bond issued on May 17 is 30 years, the 20-year treasury bond will be issued on May 24, and the 50-year maturity will also be officially issued on June 14.
The maturity of these government bonds is a little longer, but the yield is attractive, and the yield of these ultra-long-term government bonds is still relatively considerable compared with the interest rates of the six major state-owned banks and some large banks.
Referring to the current Treasury yield, the 20-year annualized yield reached about 2.47%, the 30-year yield reached about 2.56%, and the 50-year yield reached about 2.65%.
This interest rate is obviously higher than the current maximum interest rate of some large banks, for example, the official maximum listed interest rate of the six major state-owned banks is only about 2%, and even the large certificates of deposit are only about 2.3%, so the overall yield of treasury bonds is still very attractive.
However, compared to the yield, many people may worry that the maturity of these special treasury bonds is too long, especially some retirees may worry that the maturity of these treasury bonds is too long and not suitable for them.
In fact, you don't have to worry at all, if you have the opportunity to grab these treasury bonds, you can buy as much as you can.
For these ultra-long-term government bonds, their advantages are still very obvious.
In addition to the yield we mentioned earlier, there are two other points that are also very competitive.
First, the security is super high.
Treasury bonds can be said to be the most secure type of all investment and wealth management products at present, and they are even safer than bank deposits, which may not be able to be paid normally due to improper bank operations.
As long as the state is still there, the national bonds can be unconditionally repaid without worrying about any risks.
The second point is that flexibility is better.
Many retirees may worry that once they buy 30-year or 50-year treasury bonds, they may pass away, and these treasury bonds are not yet due, and the treasury bonds will not be able to be paid normally.
There are also some elderly people who are worried that the principal of such a long treasury bond will not be paid until 30 or 50 years later, and what if something suddenly happens during this period and wants to use the money?
You don't have to worry about these things at all.
These ultra-long-term treasury bonds are generally book-entry interest-bearing treasury bonds, which can be freely bought and sold in the secondary market.
If you are lucky enough to grab these treasury bonds, you have two options.
The first type is to hold the annual interest.
These ultra-long-term treasury bonds are paid interest once every six months, and once this interest is purchased, it will not change regardless of future changes in the interest rate market.
In addition, from a long-term point of view, the deposit interest rate of mainland banks is on a downward trend as a whole, and after 10 or 20 years, the interest rate on treasury bonds of about 2.5 percent may be more than double that of the deposit interest rate in the market, and this interest rate will be very popular at that time.
For these treasury bonds, if you have no requirements for liquidity, you can hold them all the time, and then get interest every six months, even if the retired elderly unfortunately pass away one day, you can also pass these treasury bonds to your family, so that they can continue to enjoy the interest on the treasury bonds.
The second is to sell these bonds in the secondary market.
If you need money in the future and want to redeem these treasury bonds, don't worry, these treasury bonds can be freely resold in the secondary market.
However, if the bank interest rate rises, everyone is selling treasury bonds, and the price of treasury bonds will fall, and the price may fall below the par, and there may be some losses.
If bank interest rates continue to fall, more and more people will choose to buy Treasury bonds, and then the price of Treasury bonds will rise, and everyone will choose to sell them for higher returns.
As for whether the prices of these ultra-long-term treasury bonds will rise or fall in the future, we cannot give an accurate judgment, but judging from the trend of mainland bank deposit interest rates in the past few decades, the actual performance of the mainland financing market in the future, and the actual performance of the bank deposit market, I think that bank interest rates will fall further, and even negative interest rates will not be ruled out one day in the future.
In the context of the continuous decline in bank interest rates, the price of these treasury bonds that everyone snapped up may rise, for example, if you buy them at a denomination of 100 yuan, they may sell them at a price of 102 yuan in the future, so that you can obtain a more considerable return.
On the whole, I think that whether it is short-term or long-term, the purchase of these ultra-long-term treasury bonds will basically not be a loss, at least higher than the current deposit returns of some large state-owned commercial banks, so everyone buys them and earns.
For these ultra-long-term treasury bonds, whether they are working young people or retired seventy or eighty-year-old people, everyone can buy them, the key is that the treasury bonds are very hot now, and whether they can be bought depends on everyone's luck.