Since December, all of this year's savings bonds have been issued. However, there are still a number of treasury bonds to be issued in December, and the interest rate of some treasury bonds of some maturities is still higher than that of the previous month. So, what other treasury bonds are to be issued in December?What are the interest rates?
According to the treasury bond issuance plan for the fourth quarter, the treasury bonds to be issued in December are all book-entry treasury bonds, including book-entry discount treasury bonds and book-entry interest-bearing treasury bonds. The following is the December treasury bond issuance schedule:
Judging from the issuance plan, the treasury bonds to be issued in December basically cover all maturities. Compared with the first two in the fourth quarter, there was an additional 50-year bond issued in December.
Generally speaking, the longer the maturity of the Treasury bond, the higher the yield. The 50-year Treasury bond is the longest-term Treasury bond, so it should be the highest yield among the Treasury bonds issued in December.
As for the issue of the deadline being too long, it is not really too much of a problem. Because book-entry treasury bonds are listed and traded, if you don't want to hold them for that long, you can sell them at any time. And its interest is paid once every six months, no matter how long you hold it, you can get it.
The only thing you need to worry about is whether you can buy it. Because the 50-year treasury bonds are issued very little, I am afraid that the supply will exceed the demand, and if the hand is slow, it may not be available.
Of course, 50-year Treasury bonds are not mandatory to buy, and it is also possible to buy other maturities.
So, what is the yield of the treasury bonds to be issued in December?
I believe that when you buy treasury bonds, in addition to looking at the maturity, you will definitely pay more attention to the yield.
Because book-entry treasury bonds will be listed and traded, their yield will change, and the yield of treasury bonds is related to changes, when the yield will fall, when the yield will be, so when buying book-entry treasury bonds, the yield may be different.
The following is the latest yield of book-entry treasury bonds of various maturities:
According to the latest yields, the yields of various maturities are basically at 2Between 3% and 3%, the interest rates of 3 months, 1 year, 2 years, 3 years and 5 years have all increased compared with the previous month, and the largest increase is for 1 year. However, even with the large increase, the 1-year Treasury bond is still the lowest-yielding bond.
In addition, the yields of 1-year, 7-year, 10-year and 30-year Treasury bonds fell slightly from the previous month.
And the Treasury bonds with the highest yield, which are 30-year above, should actually be 50-year. However, the yield on a 50-year Treasury bond is not normally much higher than that of a 30-year bond, so it may be around 3%.
From the perspective of yield, treasury bonds with a maturity of less than 1 year are more cost-effective than those with a maturity of 3 months, because they not only have better liquidity, but also have higher yields. The least cost-effective should be the 1-year one, although the term is not the shortest, but the yield is the lowest.
However, the one-year treasury bond is still higher than the current demand deposit rate.
In addition to the above-mentioned government bonds, there will be an additional 11 trillion yuan of special government bonds to be issued this year, and if nothing else, it is expected that they will be issued in December. This is because this batch of special treasury bonds was originally to be issued in the fourth quarter, but now there is only one month left in the fourth quarter, and if it is not issued in December, it will not be issued this year.
The yield of special treasury bonds should be similar to that of book-entry treasury bonds of the same maturity, so it is enough to focus on the yield of book-entry treasury bonds.