Hello, bond is a kind of valuable securities, which is a debt certificate issued by various social and economic entities to bond investors in order to raise funds and promise to pay interest at a certain interest rate on a regular basis and repay the principal at maturity.

The trading methods of listed bonds generally include spot trading, repurchase trading and futures trading. At present, the bonds traded in Shenzhen-Shanghai Stock Exchange are spot trading and repurchase trading.

(1) Spot trading, also known as cash spot trading, refers to a trading method in which both buyers and sellers of bonds are satisfied with the buying and selling price of bonds and deliver them immediately after the transaction, or in a very short time.

(2) Repurchase transaction refers to that the bondholder, issuer and purchaser agree that the issuer must buy back the bonds originally sold from the purchaser at an agreed price at an agreed time in the future, and pay interest at the agreed interest rate (price).

(3) Bond futures trading refers to a transaction in which both parties reach a deal and then make delivery and settlement at the price stipulated in the futures contract at a specific time in the future. At present, Shenzhen Stock Exchange and Shanghai Stock Exchange do not open bond futures trading.