Treasury reverse repo is a financial instrument that allows investors to borrow Treasury bonds as collateral to obtain short-term funding. The maturity of reverse repo of treasury bonds is 1 day, 7 days, 14 days, etc., and different maturities correspond to different interest rates. The yield of reverse repo is calculated based on the transaction amount, interest rate and actual number of days of payment.
Suppose investor A operates a 1-day treasury bond reverse repo on Monday, with a transaction amount of 1 million yuan and an interest rate of 25%。Then, he can get the corresponding profit on Tuesday, and the calculation formula is:
Revenue = Transaction amount Interest rate 365 Actual number of days.
Substituting the data into the formula, we get:
Gain = 100 10 4 0025 / 365 × 1
Gain = 68493 yuan.
That's what Investor A can get on Tuesday. If investor A operates a 1-day Treasury reverse repo on Thursday, then his earnings will have to take into account the impact of the weekend, because the weekend is not interest-bearing. At this time, the actual number of days he has to take the money will be extended to 3 days, that is, weeks.
5. Saturday and Sunday. Well, what he can earn next Monday is:
Gain = 100 10 4 0025 / 365 × 3
Gain = 205479 yuan.
It can be seen that the difference in the actual number of days will affect the income of the reverse repo of treasury bonds. When operating the reverse repo of treasury bonds, investors should pay attention to choosing the appropriate maturity and interest rate to achieve the best return effect.
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