In 20021year, the first and second phases of savings bonds totaled 30 billion yuan, the first phase1800 million yuan, and the three-year coupon rate was 3.8%; The second issue amount is 654.38+02 billion yuan, and the 5-year coupon rate is 3.97%, which has a certain interest rate advantage compared with bank deposits in the same period. The interest on debt is calculated according to the interest rate of national debt and the amount of bonds, and the coupon rate of national debt issued in different periods is also different.
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. Treasury bills were invented by British economist and writer Walter Bazott in 1877, and were first issued in Britain. 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, and the starting point of denomination varies from country to country. Treasury bills are bearer forms and can be transferred and circulated without endorsement.
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, easy to change hands, can be realized at any time, and has a high reputation.