At present, more book-entry treasury bonds are issued, one or more times a month on average. These bonds are mainly issued through securities companies and counter pilot banks. After the issuance, you can buy and sell at any time through the exchange and pilot banks. Because book-entry treasury bonds can be bought and sold at any time, their prices fluctuate up and down like stocks. If the price falls when you sell the national debt, you will lose money. On the contrary, if the price rises, you can sell it to earn the difference; After the book-entry treasury bonds expire, the state still redeems them at 100 yuan/piece; At the same time, the term of book-entry treasury bonds is generally longer, and the interest rate is generally not as high as that of newly issued certificate-based treasury bonds. Therefore, you can open an account in a securities company, or try a bank at the counter, mainly including state-owned banks such as ICBC, BOC and ABC, as well as China Merchants Bank. The interest rate of book-entry treasury bonds is not as high as that of vouchers, but it is highly liquid because it can be traded at any time.

There are also two kinds of national debt: voucher-type national debt and electronic savings bonds, which are issued less, only about 4, 5 and 2 times a year; This kind of national debt is similar to a time deposit in a bank, with a term of 3 or 5 years. The voucher-type national debt is a one-time repayment of principal and interest, and the handling fee of 0. 1% is deducted from the principal redeemed in advance, and the interest is calculated by stages according to the holding time; Savings bonds pays interest every year, deducting 0. 1% principal for early redemption, and deducting interest in different months according to the holding time. Neither of the two types of government bonds can be listed and traded, and loans can be reported and pledged.

The face value of book-entry treasury bonds is 100 yuan/sheet, 1 hand = 10 sheet, that is, 1000 yuan face value; At least 1 lot per transaction. The price of book-entry treasury bonds fluctuates up and down, which may be more than 100 yuan or less than 100 yuan, so 1 hand can be regarded as the price of each sheet multiplied by 10. For example, 04 national debt (10), the transaction code is 0 104 10, if the closing price today is: 103.25 yuan/piece, then 1 hand =103.25 *.

Savings bonds is sold at an integer multiple of 100; Voucher bonds usually start from 1 1,000 yuan and are sold in multiples of 1 1,000 yuan. Individual banks may also start from 1 1,000 yuan.