National debt refers to a kind of government bond issued by the state financial organ to make up for the imbalance of national treasury revenue and expenditure. Because the debtor of the national debt is the country, its repayment guarantee is the national fiscal revenue, and there is almost no risk of credit default, so it is the least risky credit tool in the financial market. The shortest term of China's national debt is one year, while there are many kinds of national debt in western countries, which can be generally divided into four types: three months, six months, nine months and 1 year. The starting point of denomination varies from country to country. Treasury bills are bearer forms and can be transferred and circulated without endorsement.

main feature

1, and 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 bond futures can provide hedging for other certificates when the income fluctuates. Strong liquidity. National debt has a broad secondary market, which is easy to change hands and can be realized at any time.

2. High reputation

National debt is the direct debt of the government and the lowest risk investment for investors. Many investors regard them as the best investment targets.

3. High income

Although the interest rate of national debt is generally lower than that of bank deposits or other bonds, due to the exemption of income tax in debt interest, investment in national debt can obtain higher returns.