Its interest rate is a concentrated reflection of the change of market interest rate. Treasury bill rate is closely related to commercial bills and certificates of deposit. Treasury futures can be used to hedge other certificates when returns fluctuate.

Strong liquidity. National debt has a broad secondary market, which is easy to change hands and can be realized at any time.

High reputation. Treasury bonds are the direct debt of the government, and they are the lowest crisis investment for investors, and many investors regard them as the best investment targets.

High income. Although the interest rate of national debt is generally lower than that of bank deposits or other bonds, because debt interest is exempt from income tax, investment in national debt can get higher returns.

The yield of treasury bonds is the annual income (interest) that the purchaser of treasury bonds can get after purchasing treasury bonds from securities trading institutions at the expiration of every 100 yuan of treasury bonds, which is called the yield of treasury bonds. Refers to the circulation rate of return, or the market rate of return, and its calculation formula is: (after purchase, it is not transferred, and the principal and interest are charged at maturity)

Output =

Sum of principal and interest due-purchase price X 100%

Purchase price × repayment period (days), for example, 1992.6. 18. The face value of 1990 national debt issued by securities trading institutions is 100 yuan, and the selling price is131.

Annual rate of return =

142.00- 13 1. 10×

13 1. 10× (waiting period) 365x100%, because the waiting period is from 1992.6. 18 to1993.

That is to say, on June 8, 1992, 1 310 yuan was used to buy 1990 treasury bonds with a face value of 100 yuan, and on July 6, 1993. Slightly higher than the bank interest (calculated by one-year bank deposit, only the interest is 7.56 yuan).