What Are Treasury Bond Rates?
The Treasury bond interest rate is the interest rate that Treasury issuers pay to Treasury investors each year. In the case of face value issuance, the interest rate of the national debt is the ratio of the interest rate of the national debt to the face value of the national debt; in the case of a discount issue, the interest rate of the national debt is the ratio of the difference between the issue price of the national debt and its face value to the issue price. The interest rate of the national debt directly affects the issue cost of the national debt; the determination of the national debt interest rate is mainly affected by factors such as the duration of the current national debt, the level of market interest rates, and the method of interest payment. Due to the characteristics of high credit rating and high security, in general, among various interest rates, the interest rate of the national debt is the lowest, which has the function of the benchmark interest rate. However, in China, due to the constraints of the banking system, the risk of deposits is low, and the liquidity of treasury bonds is poor. The interest rate is often 1 to 2 percentage points higher than the interest rate of bank deposits during the same period. [1]
Treasury rate
- (1) Taking the form of national debt as the standard, national debt can be divided into
- The determination of the national debt interest rate mainly considers the following factors: 1. The level of interest rates in the financial market. Treasury rates must be based on
- years
- rate of return
- Two-year term
- Three-year term
- Five years
- Released in 1997
- 8.64%
- 9.18%
- 10.17%
- Issued in 1998
- 7.11%
- 7.86%
- Released in 1999
- Phase one
- 4.72%
- 5.13%
- the second term
- 3.02%
- 3.25%
- Third period
- 2.78%
- 2.97%
- Released in 2000
- Phase one
- 2.55%
- 2.89%
- 3.14%
- the second term
- 2.55%
- 2.89%
- 3.14%
- Third period
- 2.89%
- 3.14%
- The third national debt in 2008 was 20 billion yuan, which was sold from June 10-30
- 3 years 14 billion 5.74%, 5 years 6 billion, 6.34%
- 0.5-1 0.72%
- 1-2 3.33%
- 2-3 3.32%
- 3-4 5.76%
- 4-5 6.03%
- year 2011
- Electronic savings Treasury bonds issued in May: 1-year annual interest rate is 3.7%, the maximum issue amount is 6 billion yuan; 3-year annual interest rate is 5.43%, the maximum issue amount is 15 billion yuan; 5-year term The interest rate is 6.00%, and the maximum issue amount is 9 billion yuan. The three-term Treasury bonds are all fixed-rate, fixed-term products, with a maximum total issuance of 30 billion yuan. The sixteenth period is 1 year, with an annual interest rate of 3.85%, and the maximum issue amount is 3 billion yuan; the seventeenth period is 3 years, the annual interest rate is 5.58%, and the maximum issue amount is 15 billion yuan; The term is 5 years, the annual interest rate is 6.15%, and the maximum issuance is 12 billion yuan. The issuance period of the three Treasury bonds is from October 15 to October 27, 2011, starting from October 15, 2011, paying interest on an annual basis, and paying interest on October 15 each year. The sixteenth period repays the principal and pays interest on October 15, 2012, and the seventeenth and eighteenth periods repay the principal and pays the last interest on October 15, 2014 and October 15, 2016, respectively .