First of all, the national debt means that you lend money to the country and the country gives you an iou. The particularity is that this kind of IOU can be traded, which will lead to price difference and price fluctuation. Where there is fluctuation, there is speculation and investment. Futures is a financial instrument for this kind of behavior. To put it bluntly, it is a way to trade things today and tomorrow, and regard this trading method as an investment. The main functions of treasury bond futures are investment and hedging.

What is the impact on the inter-bank bond market?

It has little impact on the inter-bank bond market, because there are already bond repurchase transactions in the inter-bank bond market, and treasury bond futures have no lending effect on it. The symbolic meaning is greater than the actual meaning, that is, there is another way of trading. The main purpose of the country is to improve and enrich the financial market!

What is the impact on the expected annualized interest rate?

The impact on the expected annualized interest rate is almost zero in China at this stage, because the expected annualized interest rate of banks in China is not the market-oriented expected annualized interest rate. Under the market-oriented expected annualized interest rate environment, there are many situations. When it attracts capital back, it even raises the expected annualized interest rate as an investment means. On the contrary, it decreases. Of course, this is only one factor to consider, and there are many specific factors.

How to open an account for treasury bonds futures?

It is basically consistent with the stock index futures account

1, copy or scanned bank card 1 2, scanned ID card (electronic version) (if it is an old ID card, scan the front; If it is a new ID card, double-sided scanning)

3. Personal digital avatar (more than 5 million pixels, and the overall upper body size accounts for 60% of the total photos)

4. Information required for opening an account:

Personal: original customer ID card, customer bank card or passbook (foreign customers need to provide scanned copies of their positive digital photos ID cards, all of which are electronic versions).

It needs a capital scale of 500,000 yuan, and it needs more than 20 simulated transactions in 10 trading days or 10 commodity futures trading records within three years. The account opening test is higher than 80 points.