This year, the first batch of 30 billion yuan of savings treasury bonds was sold to individuals, and investors called it "very attractive"
Our reporter Bao Xing'an
Savings treasury bonds have always been an investment product that individual investors pay attention to.
From March 10th to March 19th, this year's first batch of savings government bonds (certificate type) was issued to individual investors.
"The yield of savings government bonds is stable, higher than bank deposits, and the interest is tax-free. It is very attractive to me." Ms. Wang, who came to purchase certificate savings government bonds at a construction bank branch in Fengtai District, Beijing, told the "Securities "The Daily" reporter said.
According to the announcement of the Ministry of Finance, starting from March 10, the first and second tranches of voucher-style savings government bonds will be fixed-rate and fixed-term varieties, with a maximum total issuance of 30 billion yuan.
The first phase has a term of 3 years, the annual coupon rate is 3.8%, and the maximum issuance is 18 billion yuan.
The term of the second phase is 5 years, the annual coupon rate is 3.97%, and the maximum issuance is 12 billion yuan.
At the China Construction Bank branch, a bank staff member told reporters that savings treasury bonds have the advantages of stable income, flexible liquidity, high security, low purchase thresholds, and 100 yuan to participate. They are still good investment products.
It should be noted that voucher savings government bonds can only be purchased at the bank counter, and the purchase object can only be individuals, and they must be purchased with an identity verification system.
"As for the method of interest calculation, the certificate-type savings government bonds start to accrue interest from the date of purchase, with a one-off repayment of principal and interest at maturity, and they are not transferable, but they can be redeemed in advance, pledged loans, etc.," said the staff member.
The 2021 savings government bond issuance schedule previously announced by the Ministry of Finance shows that a total of 9 batches of savings government bonds are issued this year, of which 4 batches are certificate savings government bonds and 5 batches are electronic savings government bonds.
Guo Yiming, director of investment advisory at Jufeng Investment Consulting, told a reporter from the Securities Daily that savings treasury bonds are one of the ways for the country to raise fiscal funds. The issuance of savings treasury bonds is conducive to increasing fiscal funds, effectively developing the national economy, and enhancing national integration. National strength has played an important role in meeting the investment needs of the people.
"Certificate savings treasury bonds are an indispensable type of national debt in my country's national debt system." Zhang Yiqun, vice chairman of the Performance Management Special Committee of the Chinese Institute of Finance, told a reporter from the Securities Daily that the issuance of fixed interest rate, fixed term voucher type Savings treasury bonds help to form good financial market earnings expectations, improve the market credibility of treasury bonds, strengthen the country's economic development capabilities and social influence, and increase domestic and foreign confidence in China's economic development and social stability.
"At the same time, the issuance of savings treasury bonds will also help stabilize financial market interest rates, effectively balance the income distribution between the government, financial institutions, and individual residents, and ensure the stability of the income of all parties. In addition, it can also adjust and stabilize the liquidity of the money market. The saving habits of Chinese residents can not only meet the needs of centralized funds to serve the country's key construction, but also promote the balanced growth of investment and consumption." Zhang Yiqun said.
It is understood that since 2012, certificate-based government bonds are only issued to individual investors.
In 2017, in order to facilitate the classification and management of national debt, certificate-based government bonds were officially renamed as savings government bonds (certificate-based).
The "Administrative Measures for Savings Treasury Bonds (Certificate)" officially implemented on March 1 this year improved the system of the savings government bond management system and provided effective institutional guarantees for the business management of savings Treasury bonds (certificate type).
"For individual investors, the issuance of certificate-based savings government bonds first broadens the financial management channels of residents. At the same time, certificate-based savings government bonds have a higher margin of safety, which is more suitable for individuals with low risk appetite. Compared with bank savings deposit interest rates of the same maturity. High, the income is relatively stable." Guo Yiming said.
According to calculations by reporters, if an investor purchases 100,000 yuan of certificate-style savings bonds, calculated at the 3-year interest rate of 3.8% this time, the 3-year return will be 11,400 yuan.
Calculated according to the 5-year interest rate of 3.97%, the 5-year income is 19,850 yuan.
Zhang Yiqun believes that treasury bonds are the financial market with the highest credibility, the strongest stability, and the safest income. They have very good savings and liquidity capabilities.
Because certificate-type savings government bonds have clear and stable expected benefits and obvious savings characteristics, they are more attractive than other government bonds in the bond market. Moreover, the interest rate of this round of certificate-type savings government bonds is higher than in the past under the same maturity. The increase, and the bond maturity yield is not affected by changes in interest rates in the bond market and money market, and its investment value is more prominent.
(Securities Daily)