What is the time interest of the 2016 Treasury bond issuance

Treasury bond interest rates for May 2016.

When the current treasury bonds are redeemed in advance, a handling fee will be charged at 1 of the principal amount redeemed, and interest will be calculated and paid according to the actual holding time and the corresponding tranche interest rate.

The interest will not be calculated if the treasury bonds are held for less than half a year, the annual interest rate will be calculated for half a year and less than 1 year, the interest will be calculated for 1 year and less than 2 years, and the interest will be calculated for 2 years and less than 3 years. Interest will be calculated on the basis of holding 5-year treasury bonds for 3 years but less than 4 years, and interest will be calculated for 4 years and less than 5 years. (Treasury bonds are issued on the 10th of the month, and the specific interest rate is announced on the same day.) ）

There are currently three more opportunities to buy the 2016 Certificate Savings Bonds.

Certificate-type treasury bonds: refers to the treasury bonds issued by the state by filling in the treasury bills collection voucher instead of printing physical bills. It is in the form of a treasury bond receipt voucher as proof of creditor's rights, which cannot be listed and transferred, and the interest is calculated from the date of purchase.

During the holding period, if the coupon holder needs to hold cash under special circumstances, he can redeem it in advance at the purchase outlet. In the case of early redemption, in addition to repaying the principal, the interest is calculated according to the actual holding days and the corresponding interest rate grade, and the handling agency will charge a handling fee according to 2 of the principal paid.

The 2016 Savings Treasury Bond Issuance Program: Starts in March and ends in November.

On March 10, May 10, September 10, and November 10, 2016, certificate treasury bonds were issued.

On April 10, June 10, July 10, August 10, and October 10, 2016, electronic treasury bonds were issued.

The interest rate of treasury bonds is generally not announced until the announcement before the issuance, which is generally at the beginning of the month of issuance.

The issuance of 2022 treasury bonds will be on March 10, May 10, September 10 and November 10. The coupon rate is 3-year and 5-year annual interest rate

Since the beginning of this year, interest rate bonds.

The trend has roughly gone through three phases of evolution, and the trend is not strong. From April to August this year, the yield of 10y national source slag bonds continued to decline, but the range was limited, and the peak and trough values in 2020 did not break through the extreme.

It's fundamentals. The most important clue for bond judgment is the judgment of the demand side.

Facing the underlying bond market.

The impact is mainly achieved through the demand side, and the bond market often does not respond to the hail on the supply side. Demand is closely related to economic fluctuations and is also affected by macro leverage.

The latest Treasury interest rates for 2014 are:

5% for 3-year and 5,41% for 5-year.

This is the interest rate on the e-savings Treasury bonds issued on July 10.

In 2022, the issuance time of treasury bond source slag will be March 10, May 10, September 10, and November 10. The coupon rate is 3-year and 5-year annual interest rate.

Since the beginning of this year, interest rate bonds.

The trend has roughly gone through three phases of evolution, and the trend is not strong. From April to August this year, the yield of 10Y Treasury bonds continued to decline, but the magnitude was limited, and the peak and trough of 2020 did not break through the extreme.

It's fundamentals. The most important clue for bond judgment is the judgment of the demand side.

Facing the underlying bond market.

The shock is mainly achieved through the demand side, and the bond market is often unresponsive to changes on the supply side. Demand is closely related to economic fluctuations and is also affected by macro leverage.

The second batch of treasury bonds in 2018 was issued on April 10, and unlike the certificate treasury bonds issued in March, the treasury bonds issued in April were electronic bonds, which can be purchased not only at the bank's counter, but also through online banking. Interest rate Same as the previous period, the 3-year interest rate is 4%, and the 5-year interest rate is the same as the previous period.

The details are as follows:

Release date]: April 10 - April 19.

Treasury Type]: Electronic.

Purchase threshold]: from 100 yuan.

Coupon rate] Shushen: 3-year 4%, 5-year.

Purchase Channels]: Bank counters and online banking.

Total issuance]: 40 billion yuan.

Interest payment method]: Interest is paid once a year and the principal is repaid at maturity.

Financial analysts have two suggestions:

First, there are too many people in state-owned banks, so try to buy from small and medium-sized banks, that is, joint-stock banks and urban commercial banks;

The second is that the early withdrawal of treasury bonds depends on the file to calculate interest, and the early withdrawal of a part of the loss of interest and handling fees, no matter how long it is held, it is more cost-effective to buy a 5-year term than a 3-year slag.

The following is the calculation of interest on the early withdrawal of treasury bonds:

If the treasury bond is held for less than 6 months, no interest will be paid for early withdrawal; For 6 months but less than 24 months, interest will be calculated according to the issue interest rate and 180 days of interest will be deducted; For 24 months but less than 36 months, interest will be calculated at the issue interest rate and 90 days of interest will be deducted; If you hold a 5-year treasury bond for 36 months but less than 60 months, interest will be calculated at the issue interest rate and interest will be deducted for 60 days.

When withdrawing, investors need to pay a handling fee of 1/1000 of the principal amount withdrawn in advance.

In October 2016, the maturities of electronic treasury bonds were 3 years and 5 years, and the coupon rates were and per annum, respectively.

The issuance date of treasury bonds in October 2016 is from October 10 to October 19, 2016, and the issuance is normal on holidays.

The types of treasury bonds issued are: the ninth and tenth savings treasury bonds issued in 2016, both of which are electronic treasury bonds.

Bear the issuance method (also known as direct marketing, in which the financial department directly holds one-on-one negotiations with subscribers** treasury bond issuance.

Features: The issuer is limited to the financial sector, the subscribers are mainly limited to institutional investors, the issuance conditions are determined through direct negotiation, and it is mainly used in the promotion of some special types of ** bonds), and the treasury bond issuance method applicable to countries with more stable interest rates in the financial market is the acceptance method.