Regarding funds and treasury bonds, what are the treasury bond funds

If you want to protect your capital, and the profit requirements are not high, you can buy a 3-year treasury bond, 1,000 is the smallest unit, and 10,000 yuan is of course OK. If you buy**, you can buy principal-protected**, or a bond with a relatively low risk**.

You should be younger, and if you don't use it for three years, you can consider capital preservation**. This is a bond-based**, but early withdrawal does not protect the principal. In principle, at the beginning of the period, part of the principal is invested in fixed interest products, such as long-term bonds, so that the safety of the principal can be guaranteed after the expiration of the period.

At the beginning of the period, the remaining part is invested in leveraged products with higher profits and risks, expecting excess returns. At least you won't lose your principal, but there is a time opportunity cost.

Seeing your HI, if you have a monthly balance, you can consider **regular investment. If the ability to take risks is strong, you can consider pure ****; If you don't want to take risks, you can invest in bonds**; If you expect a little better yield than bonds, you can invest in enhanced bonds.

** Both Treasury bonds can be bought. If you buy **, you can buy bond** and closed**. If you buy government bonds, the yield will be slightly lower, so it is recommended to buy corporate bonds.

For example: 122009You can use the ** account to buy these things, so before buying, you have to go to the corresponding **company to open a ** invoice account.

Bonds are a better choice in a bear market or when the market is uncertain, because they can protect the capital and have a certain investment income. In 2008, the most profitable** was the bond type of CITIC, Cathay and other companies**, and their income reached more than 10%. In the bull market, investors can consider changing the investment concept and replacing it with **type**, so that they can directly share the benefits of ****.

The 10-year Treasury affects the bond**.

The two are negatively correlated.

Treasury bonds are generally referred to as the risk-free rate of return; **The investment risk is relatively high, and the probability of obtaining excess returns is also relatively large, so investors can make appropriate allocations according to their risk appetite.

Extended Materials

Treasury bonds are a special form of debt, which has the following characteristics compared with the general creditor's rights and debts:

from the subject of legal relations.

Creditors of national bonds can be domestic and foreign citizens, legal persons or other organizations, as well as national or regional ** and international financial organizations, while debtors can generally only be countries.

From the perspective of the nature of the legal relationship, the occurrence, alteration and elimination of the legal relationship of the national debt law more reflect the unilateral will of the state, although compared with other financial legal relations, the legal relationship of national debt is an equal legal relationship, but compared with the general creditor's rights and debts relationship, it reflects a certain subordinate nature, which is more obvious in the legal relationship of the state's domestic debt.

From the perspective of the realization of legal relations: treasury bonds belong to credit ratings.

The highest and safest creditor-debtor relationship.

From the debtor's point of view, treasury bonds are voluntary, compensatory, and flexible.

From the perspective of creditors: treasury bonds have the characteristics of safety, profitability and liquidity.

Purpose of issuance:1Raising military spending.

In times of war, military expenditures were enormous, and in the absence of other means of financing, they were raised through the issuance of war bonds. The issuance of war treasury bonds is a common method used by all countries in wartime, and it is also the first origin of treasury bonds.

2.Balance fiscal revenues and expenditures.

Generally speaking, the balance of fiscal revenue and expenditure can be carried out by increasing taxes, issuing additional currency, or issuing treasury bonds. Compared with the above three methods, increasing tax revenue is a practice taken from the people for the people, and although it is a good method, there is a certain limit to increasing tax revenue, and if the tax is too heavy and exceeds the ability of enterprises and individuals to bear it, it will not be conducive to the development of production and will affect future tax revenue. It is most convenient to issue additional currency.

However, this approach is the most undesirable, since the fiscal deficit is covered by the issuance of additional currency.

It can lead to severe inflation, which has the most severe impact on the economy. Under the circumstance that it is difficult to raise taxes and the issuance of additional currency cannot be disrupted, it is still a feasible measure to make up for the fiscal deficit by issuing treasury bonds. **Through the issuance of bonds, the idle funds of units and individuals can be absorbed, and the country can tide over the period of financial difficulties.

However, the issuance of deficit government bonds must be moderate, otherwise it will also cause serious deflation.

3.Raise funds for construction.

The state is to carry out infrastructure and public facilities.

Construction, for which a large amount of medium and long-term funds are needed, and through the issuance of medium- and long-term treasury bonds, a part of the short-term funds can be converted into medium- and long-term funds, which can be used to build large-scale projects in the country to promote economic development.

4.Issuance of treasury bonds.

In the peak period of debt repayment, in order to solve the problem of debt repayment, the state issues loan and exchange treasury bonds to repay the old debts that are due, which can reduce and disperse the country's debt repayment burden.

1. Cathay SSE 5-Year Treasury Bond ETF (511010): The full name is the SSE 5-Year Treasury Bond Exchange-traded Open-ended Index **Investment**, which was established on March 5, 2013.

2. Cathay SSE 10-Year Treasury Bond ETF (511260): The full name is Cathay SSE 10-Year Treasury Bond Exchange-traded Open-ended Index **Investment**, which was established on August 4, 2017.

3. Ping An CSI 5-10 Year Treasury Bond Active Bond ETF (511020): The full name is Ping An CSI 5-10 Year Treasury Bond Active Bond Trading Open-ended Index **Investment**, which was established on December 21, 2018.

4. GF SSE 10-Year Treasury Bond ETF (511290): The full name is GF SSE 10-Year Treasury Bond Exchange-traded Open-ended Index **Investment**, which was established on March 26, 2018.

Extended Information: Indices**:

As the name suggests, an index is a product that takes a specific index (such as CSI 300 Index, S&P 500 Index, Nasdaq 100 Index, Nikkei 225 Index, etc.) as the underlying index, and takes the constituent stocks of the index as the investment object, and builds a portfolio by purchasing all or part of the constituent stocks of the index to track the performance of the underlying index.

In general, index** is designed to reduce tracking error and align the trend of the portfolio with the underlying index in order to achieve roughly the same yield as the underlying index.

Since the index type purchases part or all of the samples of the market index it tracks, and the proportion of investment on a single index is close to or consistent with the proportion of each sample in the underlying index, the return of the index can be basically guaranteed to be consistent with its underlying index.

The index can obtain the average market rate of return, and at the same time, it can avoid the risk caused by the judgment error of the manager of the actively managed type and the high unsystematic risk due to excessive concentration of investment.

Advantages of Exponential**:

1. The cost is relatively low. Since the index adopts an investment strategy of tracking the index, the manager does not need to spend a lot of time and energy to choose the type of investment instrument and the timing of the sale, which reduces the management fee to a certain extent.

2. High performance transparency. As long as investors see the rise and fall of the target index tracked by the index**, they can roughly judge the change in the net value of the index ** they invest in, and how much profit or loss there is.

3. Reduce risk by fully diversifying investments. Because an index** is broadly diversified by tracking an index, its portfolio returns are broadly in line with those of the corresponding index. This reduces the investment risk of investors as a whole.

Classified by the compilation method and nature of the index, the index can be divided into these five types: scale index, industry index, thematic index, style index and strategy index.

1. The transaction cost is very low when trading bonds, and the stamp duty is exempted, which is a major charge in the transaction fee. In addition, in order to promote the development of the bond market, trading commissions have also dropped significantly.

Second, in addition, treasury bonds have a major advantage that other bond varieties do not have, that is, interest is not levied on personal 20% income tax, third, treasury bonds and treasury bonds, the two are related, are a market investment, but they are two varieties, in the income is not guaranteed, not as stable as treasury bonds, will be affected by the fluctuation of interest in the money market and the operation of the company's management, and the redemption will also be affected by the net value.

Fourth, the treasury bond is a fixed term, divided into three years and five years, can be withdrawn in advance, no interest will be calculated within half a year after **, more than half a year will be calculated according to different grades, and ** is operated by ** manager in the bond market, ** has a certain redemption fee when redeeming.

One, no. 2. The difference between bonds and **.

1. The ownership relationship is different. Bonds reflect the trust relationship between investors and managers, while bonds reflect a creditor-debt relationship.

2. Different investment directions. Bonds** are trust instruments, and the main investment direction is bonds and other valuable **, which is an indirect investment method; Bonds, on the other hand, are financing instruments, which are mainly invested in the industry and are a direct investment method.

3. The stability of income is different. When an investor buys a single bond, the starting rate of return can be calculated based on the purchase**, fixed interest rate, cash flow and principal after maturity. However, bonds** are a combination of different bonds, although investors also receive regular income distributions, but the income of the distribution rises and falls, so the yield is more difficult to calculate and**.

4. The expiration date is different. Generally, a single bond has a definite maturity date, and a bond** consists of a group of bonds with different maturity dates, so there is no fixed maturity date for bonds**, and an average maturity date can only be calculated based on all bonds held by bonds**.

5. The investment risk is different. Interest rate risk: The closer a single bond is to maturity, the less interest rate risk it will take.

However, bonds** do not have a fixed maturity date, and the interest rate risk taken is estimated based on the average maturity date of the bond, because the average maturity date of the bond** is usually relatively fixed, so the interest rate risk borne by the bond** will also remain at a certain level.

Extended Materials: Bonds** have the following characteristics:

Low risk, low return. Due to the stable yield and low risk of bonds, the risk of bonds is low but the rate of return is not high.

The cost is lower. Since bond investment management is not as complex as investment management, the management fee of bonds is also relatively low.

The income is stable, and the investment in bonds has regular interest returns, and the principal is also promised to be repaid at maturity, so the income of bonds** is relatively stable.

Pay attention to current earnings. Bonds** mainly pursue a more fixed income in the current period. Relative to the lack of value-added potential, it is more suitable for investors who are unwilling to take too many risks and seek stable income in the current period.