Treasury bonds (treasury bonds; government loans), also known as national public bonds, are creditor-debt relationships formed by the country raising funds from society based on its own credit and in accordance with the general principles of debt. Treasury bonds are a type of government bonds issued by the country and are issued by the central government to raise fiscal funds. It is a debt certificate issued by the central government to investors, promising to pay interest within a certain period of time and repay the principal upon maturity. Because the issuer of treasury bonds is the state, they have the highest credibility and are recognized as the safest investment tools.
my country’s national debt refers to the national debt issued by the Ministry of Finance on behalf of the central government and is guaranteed by the national fiscal credibility. Its credibility is so high that it has always been called a "gilt bond." Sound investors like investing in Treasury bonds. There are three types of treasury bonds: certificate treasury bonds, bearer (physical) treasury bonds and book-entry treasury bonds.
The purpose of issuing treasury bonds
One-year treasury bonds are a short-term means to adjust the surplus and shortage of fiscal and personal funds. Since the beginning of 2021, my country's one-year government bond yields have generally shown a downward trend. In April 2023, the one-year Treasury bond yield was 2.1%. A year-on-year decrease of 12.5%, the growth rate is lower than the average level of 2.94%, and the growth rate is under pressure.
Trends of my country's one-year government bond yields from January to December 2015-2023 (unit: %)
(Note: The data for April 2023 are as of April 28 Data, the data was last updated on April 28, 2023-20:34336016)
The interest rate of each Treasury bond is different. Generally speaking, the interest rate on three-year Treasury bonds is around 3.9%. For ordinary residents, the yield obtained after the Treasury bond interest rate drops will also decrease. In April 2023, my country's three-year government bond yield rose to 2.4% from 2.2% in January, a year-on-year decrease of 14.28%, and the growth rate was lower than the average.
Trends of my country’s three-year government bond yields from January to December 2015-2023 (unit: %)
(Note: The data for April 2023 are as of April 28 Data, the data was last updated on April 28, 2023 - 20:34336016)
In order to raise financial funds and support the development of the national economy and social undertakings, the Ministry of Finance decided to renew the 2021 accounting for the fourth time Formula interest-bearing (13-period) Treasury bond (7 years). In April 2023, my country's seven-year government bond yield was 2.86%; a year-on-year decrease of 6.45%.
my country's seven-year government bond yield trend from January to December 2015-2023 (unit: %)
(Note: The data for April 2023 is as of April 28 Data, the data was last updated on April 28, 2023-20:34336016)
Generally, interest rates in developing countries are generally higher than those in developed countries. This interest rate, whether it is the interest rate of banks or the interest rate of government bonds, is basically higher than that of developed countries.
In China, the 10-year treasury bond yield is the basis for RMB asset pricing, because the 10-year treasury bond is a long-term bond guaranteed by the state's credit, and its yield is also considered risk-free by the market. Other bonds will be anchored by this. Add up their respective "credit risks" to form your own rate of return. In April 2023, my country's ten-year government bond yield was 2.85%; a year-on-year decrease of 10.94%.
Trends of China’s ten-year government bond yields from January to December 2015-2023 (unit: %)
(Note: The data for April 2023 are as of April 28 Data, the data was last updated on April 28, 2023 -20:34336016)
From January to December 2021, China's 20-year bond yield fell from 3.7% in January to December 3.2%. In January 2023, my country's 20-year bond yield was 3.1%, and remained at 3.2% from February to April. In April 2023, the 20-year bond yield was 3.2%. A year-on-year decrease of 11.11%.
my country’s 20-year treasury bond yield trend from January to December 2015-2023 (unit: %)
(Note: The data for April 2023 is as of April 28 Data, the data was last updated on April 28, 2023-20:34336016)
On October 28, 2016, the official websites of the People's Bank of China and the Ministry of Finance released the 30-year government bond yield for the first time. This is Another important milestone in the construction of the Treasury yield curve. This marks that the term structure of China's government bond yield curve has begun to expand from less than 10 years to more than 10 years, and the term structure of the government bond yield curve has become more complete. Related questions and answers: The latest interest rate table of government bond interest rates in 2023
Treasury Bonds 2022 When is the issuance time, what is the interest rate of the national debt? Has the issuance time of this year’s national debt been announced? In the past three years, no savings government bonds have been issued in January, February, and December. (2) Throughout April 2019, it will be released throughout the month. (3) Only four issues were issued in 2020.
2022 Savings Treasury Bonds (Certificate Type) Issuance Time Savings Treasury Bond Interest Rates 2022 Latest Interest Rate Table, (1) Savings Treasury Bonds in the past three years have not been issued in the three months of January, February, and December. . (2) Throughout April 2019, it will be released throughout the month.
Members of the 2021-2023 savings treasury bond underwriting syndicate, 2021-2023 book-entry treasury bond underwriting syndicate, China Government Bond Depository and Clearing Co., Ltd., China Securities Depository and Clearing Co., Ltd., China Foreign Exchange Trading Center, Shanghai Stock Exchange, Shenzhen Stock Exchange. How do you buy bank government bonds? What are there that can be purchased?
The government bond issuance plan for the first quarter of 2023 is now announced (see attachment). If there are any changes during implementation, the issuance of government bonds at that time shall prevail.
2023 National Bond Issuance Time When will the savings treasury bonds (certificate type) be issued?
Savings treasury bonds (certificate type)
March March 10, 3 years One-time principal and interest payment upon maturity
One-time principal and interest payment upon maturity in five years
(1) Savings treasury bonds in the past three years in January, February and December months, none have been released. (2) Throughout April 2019, it will be released throughout the month. (3) Only four issues were issued in 2020. (4) Please note that in the same issuance month, the release types are not necessarily the same every year, such as May and June.
Therefore, there is no fixed rule to follow in terms of issuance period and type of savings bonds. Even in the four months of August, September, October and November, the issuance periods and types of savings bonds in the past three years have been The types of releases are the same, but I dare not say that the same will be true in 2023. I can only say that the probability is relatively high. Therefore, we still need to pay attention to relevant information in a timely manner.
2023 National Bond Issuance Time When will the savings treasury bonds (certificate type) be issued?
Savings treasury bonds (certificate type)
March March 10, 3 years One-time principal and interest payment upon maturity
One-time principal and interest payment upon maturity in five years
(1) Savings treasury bonds in the past three years in January, February and December months, none have been released. (2) Throughout April 2019, it will be released throughout the month. (3) Only four issues were issued in 2020. (4) Please note that in the same issuance month, the release types are not necessarily the same every year, such as May and June.