Precautions for investing in treasury bonds, and what risks will be faced when investing in treasury

It is recommended to deposit it in the bank for a fixed term, and if there is a certificate treasury bond issuance, it can also be purchased. Reasons: 1. You don't have much money to spare, so it's best to choose a channel with low risk and stable returns.

2. The yield of book-entry treasury bonds is not high, the holding period is relatively long, and the interest rate is not as high as that of certificate-type treasury bonds; At the same time, if you want to sell it halfway, you will lose the principal when you encounter ****. 3. Blindly recommend you to buy corporate bonds and corporate bonds, which is not suitable for you, and you still need to figure it out yourself before investing in varieties.

I recommend you a**, Hexun Bond Channel, the largest professional and authoritative bond in China**, you can learn it. There are bond classes, bonds**, Treasury yields, and how to manage your finances.

Let's popularize the basics to you:

Now there are two kinds of national debt:

One is certificate-type treasury bonds (savings treasury bonds), which, like bank fixed deposits, mainly have a maturity; The interest rate is higher than the bank's deposit interest rate in the same period, but if you do not hold it to maturity and redeem it in advance, the interest rate is very low, and you have to pay a handling fee for the principal; The minimum purchase is generally from an integer multiple of 100, such as etc.; Some banks sell at 100 integer multiples starting from 1,000 yuan; This kind of treasury bond issuance is less, so far this year a total of 4 issues have been issued, but before the issuance will be announced in advance, you can pay attention to the TV station's news and news channel wandering subtitles, as well as various portals and finance**, as well as the channel for the release of important national information - Xinhuanet.

The other is book-entry treasury bonds, and the minimum purchase is from an integer multiple of 1,000 yuan, such as , .,10000 and so on... Book-entry treasury bonds can be bought and sold at any time, but their ** are up and down like **, if you sell the treasury bonds ****, you will lose money; On the contrary, you can sell it to earn the difference; After the maturity of book-entry treasury bonds, the state still redeems them at 100 yuan each; At the same time, the maturity of book-entry treasury bonds is generally longer, and the interest rate is generally not as high as that of newly issued certificate-type treasury bonds.

You can buy and sell over the counter at ** companies and pilot commercial banks. The pilot commercial banks include Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, China Construction Bank, China Merchants Bank, Bank of Beijing and Bank of Nanjing.

In general, it is best for ordinary individual investors to buy certificate treasury bonds, but the certificate issuance is less, so you need to pay attention to the issuance information at all times, the following ** You can collect, it will provide the information you want.

Treasury bonds are generally issued by entrusted banks or ** exchanges When buying treasury bonds, the state generally issues and buys and sells them within a specified time. The following are the forms of issuance and purchase of treasury bonds under national law. Treasury bonds are indirectly issued through ** business institutions, and investors can buy government bonds at ** business institutions.

The purchase procedures for bearer and certificate treasury bonds are simple, while the purchase procedures for book-entry treasury bonds are slightly more complicated.

1. Purchase of bearer treasury bonds.

Bearer Treasury bonds are mainly purchased by various institutional investors and individual investors. The purchase of treasury bonds with bearer physical vouchers is the easiest. During the issuance period, investors can go to the major banks (including Industrial and Commercial Bank of China, Agricultural Bank of China, China Construction Bank, Bank of Communications, etc.) and ** institutions that sell bearer treasury bonds, and fill in the form to purchase.

The face value of bearer treasury bonds is generally 100 yuan, 500 yuan, 1,000 yuan, etc.

2 Purchase of certificate-type treasury bonds.

Certificate-type treasury bonds are mainly issued to individual investors. Its issuance and redemption are handled through the savings outlets of major banks, the outlets of postal savings departments, and the treasury bond service departments of the finance departments. Its outlets are all over the country's urban and rural areas, which can meet the needs of the masses to purchase and redeem to the greatest extent.

Investors who purchase certificate-type treasury bonds can hold the money during the issuance period and fill in the form and pay the payment at each outlet to handle the purchase matters. The issuing point shall fill in the voucher-type treasury bond receipt voucher, which shall include the date of purchase, the name of the purchaser, the type of coupon purchased, the amount purchased, the number of the identity document, etc., and submit it to the purchaser for receipt after filling it out.

The procedures are similar to those for bank fixed deposits. Certificate-type treasury bonds are sold in whole numbers starting at 100 yuan and purchased at face value. After the issuance period, the designated agency can continue to sell the certificate treasury bonds redeemed in advance by the customer within the control index.

When investors purchase after the issuance period, the bank will re-fill the voucher-type treasury bond receipt voucher, and the investor will still purchase at face value when purchasing. The purchase date is the value date. When redeeming, the interest will be calculated according to the actual holding days and the interest rate of the corresponding grade (the interest will be calculated to the last day of the redemption period at maturity).

3 Purchase of book-entry treasury bonds.

Book-entry treasury bonds are issued through the exchange trading system in the form of bookkeeping. Investors must open an account or a special account for treasury bonds on the exchange and entrust them to an institution. Therefore, investors must have an account with an exchange and open a capital account with an operating institution to purchase book-entry treasury bonds.

There are six types of risks associated with investing in Treasury bonds, which are as follows:

1. Purchasing power riskPurchasing power risk. Refers to the risk of a decrease in the purchasing power of money due to inflation. Purchasing power risk is a bond investment.

one of the most common risks;

2. Risk of default.

Risk of default. It refers to the risk that the borrower of the bond issuance will not be able to pay the interest or repay the principal of the bond on time, which will bring losses to the bond investors. Among all the bonds, the Ministry of Finance.

The issued treasury bonds, because they are guaranteed by **, are often considered by the market to be gilts, so there is no risk of default;

3. Interest rate risk: The interest rate risk of bonds. Refers to the risk of loss to investors due to changes in interest rates. There is no doubt that interest rates are one of the most important factors in influencing bonds**

When interest rates rise, bonds decrease; When interest rates fall, bonds** rise. Since bonds** fluctuate with interest rates, even Treasury bonds that are not at risk of default are subject to interest rate risk;

4. Liquidity riskLiquidity risk. refers to the risk that investors will not be able to sell the bond at a reasonable price in the short term;

5. Operational riskOperational risk. It refers to the mistakes made by the management and decision-makers of the unit issuing bonds in the process of operation and management, resulting in a decrease in assets and losses for bond investors;

6. Reinvestment risk.

Investors invest in bonds.

There are three types of benefits that can be obtained:

1. Bond interest;

2. Income from bond trading;

3. Temporary cash flow.

Interest earned by reinvesting such as interest received on a regular basis and principal repaid at maturity.

In fact, the reinvestment risk is for the third type of income. As we will see in the following sections, in order for an investor to achieve a return equal to the yield determined at the time of the purchase of the bond, these temporary cash flows must be equal to the yield determined at the time of the bond.

Reinvest.

Investment in government bonds is the main form of national credit, with the aim of covering the country's fiscal deficit.

Or to finance some costly construction projects, as well as some special economic policies, and even for war.

To invest in treasury bonds, taking ICBC as an example, the specific operation steps are as follows:

Operating environment: brand model: iphone13

1. Enter the website of ICBC.

2. Enter personal online banking.

interface, enter the card number on the login page (you need a card number for the first login), or apply for online banking.

The mobile phone number and the PIN of the bank card.

3. Find "Online Bonds" in the online banking, click on "Savings Bonds", and then select "Savings Bonds (Electronic)" and then buy them for a few years.

1. Extremely high security

Treasury bonds are a kind of bonds issued to the public on the basis of national credit, with extremely high security and basically risk-free.

2. Stable income.

The expected yield of treasury bonds is affected by market interest rates and bank interest rates, and the yield is relatively stable, and the principal and interest are repaid at maturity.

3. Wide range of issuance objects.

The creditor of the treasury bond can be a citizen, legal person or other organization at home or abroad, or it can be a national or regional ** and international financial organization, but the debtor can only be a state.

4. Strong liquidity.

The main body of government bonds is the state, and the credit rating is high, which leads to its strong liquidity.

In addition, the issuance of treasury bonds can be used for a variety of purposes, such as balancing fiscal revenues and expenditures, raising funds, building funds, or raising military spending.

What are the advantages of investing in treasury bonds?

1. Strong liquidity

As long as the ** exchange is open, investors can entrust buying and selling at any time.

2. Convenient for buying and selling.

**All sales offices have set up self-service delegations. Investing in listed treasury bonds can be directly entrusted by ** or computer. There is no need to go to the bank and the counter in person like depositing and buying unlisted treasury bonds, which is convenient and time-saving.

3. High and stable income.

All listed** bonds have higher yields compared to bank deposits. This high yield is mainly manifested in two aspects. First, interest rates are high.

Listing** Bonds must yield higher than the bank's deposit rate for the same period at the time of issuance and listing. The second is to enjoy the same convenience of paying (canceling) at any time like demand deposits, and the rate of return is much higher than the deposit interest rate.

1. To open an account and purchase treasury bonds for the first time, you need to open a "custodian account" before purchasing, that is, the account used to purchase treasury bonds in online banking. Users can also go to the bank to buy certificate-type treasury bonds; 2. Buying treasury bonds also needs to control risks, mainly interest rate risks in the short term; 3. Pay attention to the macroeconomic aspect: The ups and downs of the bond market are related to the macroeconomic aspect, and pay attention not to buy long-term bonds when inflation comes; 4. When the market collapses, the bond will be held, and you can choose to buy and hold, and wait for the market to gradually stabilize before throwing it out, and you can get the swing price difference; 5. Treasury bonds can be repurchased, and in the case of reverse repurchase, you can choose short-term and long-term, and most of them choose short-term, such as a 7-day subscription period.

There are three main types of treasury bonds, electronic treasury bonds, book-entry treasury bonds and certificate treasury bonds, but no matter what kind of treasury bonds ordinary investors buy, the prerequisite is that they need to open an account to purchase treasury bonds.

Purchase of electronic treasury bonds.

The issuance of electronic treasury bonds is mainly aimed at individual investors, and electronic treasury bonds have two major characteristics, "convenient + flexible" characteristics.

Article **3 First of all, it is also necessary to open an account in advance to buy electronic treasury bonds, and then log in to the bank's official website to buy treasury bonds, so that there is no need to go to the bank to queue up to buy, which is very convenient for investors. It is not the same as certificate treasury bonds, which have to go to the bank to queue up to buy, which is the advantage of electronic treasury bonds.

Purchase of certificate treasury bonds.

First of all, the investor needs to bring his or her valid identity documents to the bank's branch counter to purchase, and the investor can bring cash, swipe the card or transfer money to purchase, and the bank staff will assist the investor in handling it.

Article **4 to the bank to fill in a voucher treasury bond collection voucher, voucher treasury bonds mainly include the date of purchase, the name of the purchaser, the type of coupon purchased, the amount purchased, the number of identity documents, etc., after the voucher documents are filled in, hand over to the bank staff for processing.

Summarize the analysis. Treasury bonds are issued by the state, and some treasury bonds are targeted at individual investors and institutional investors, so ordinary individual investors can also use mobile banking.

It is possible to purchase treasury bonds at branches or at bank offices, but it is important to remember that you should go to state-owned banks and joint-stock banks as much as possible.

Not all banks can handle it.

Basic conditions for purchase: ID card, funds.

There are three main types of national debt:

To buy treasury bonds, it is best to buy voucher and savings treasury bonds, which are relatively safe, and the term is generally 1 year, 3 years, and 5 years, and the 1-year period refers to the maturity after 1 year, and the state returns the principal and interest through the bank. The interest rate on these two types of Treasury bonds is slightly higher than that of bank fixed deposits during the same period. Purchases are mainly made through banks.

If you redeem it early, you will deduct the principal as a handling fee, and the interest will be calculated according to the length of the holding time. Taking the 2010 certificate (five) treasury bonds issued on December 6, 2010 as an example, the annual coupon rate of 1 year; 3-year coupon rate per annum; 5-year coupon rate per annum; In the same period, the annual interest rate of bank fixed savings is one year and three years; The annual interest rate of the five-year period is, if you buy a certificate treasury bond, the principal of 10,000 yuan, the one-year treasury bond will get an extra interest of 35 yuan, and the annual interest will be 40 yuan more! The minimum of these two types of treasury bonds is 100 yuan, and if it exceeds 100 yuan, it will be purchased in integer multiples of 100 yuan.

The other is book-entry treasury bonds, which are also the purchase of treasury bonds by opening a treasury bond account. Once this kind of treasury bonds are issued, they will be listed and traded through pilot banks and ** exchanges, but the annual interest rate of this kind of treasury bonds is relatively low, and some of the maturities are relatively long, the longest is 30 years or 20 years, which is not suitable for ordinary people to invest. You can bring your ID card to ICBC, Bank of China and other state-owned banks or ** companies to open an account, and you can buy it.

Book-entry treasury bonds can be bought and sold at any time, and they can be realized without holding them to maturity; Because book-entry treasury bonds can be bought and sold at any time, their ** are up and down like **, if you sell the treasury bonds ****, you will lose money; On the contrary, you can sell it to earn the difference; After the maturity of book-entry treasury bonds, the state still redeems them at 100 yuan each; The minimum transaction of book-entry treasury bonds is 1 lot, and 1 lot is equal to 10 lots, which is about 1,000 yuan face value. The yield of buying book-entry Treasury bonds is usually lower than that of voucher and savings bonds!

It depends on the market**!