Very hot! Savings treasury bonds go on sale today

Release time:Jun 10, 2024 08:31 AM

Since the beginning of this year, government bonds have been very popular with investors, and the sales of both savings bonds and ultra-long-term special government bonds have frequently staged "sunlight" and "empty seconds" scenes.

Today, the third and fourth installments of 2024 savings bonds are officially on sale through bank channels. Brokerage China reporters learned early this morning that sales of government bonds through mobile banking channels were very hot. The reporter noticed that the ICBC mobile APP showed that the sales volume of the third and fourth installments of 2024 savings treasury bonds through electronic banking channels were displayed as 0 within 2 minutes and 1 minute after the sale started, respectively. The reporter checked the mobile apps of many other banks half an hour after the government bonds went on sale, and it also showed that the third and fourth installments of 2024 savings government bonds can no longer be purchased through this channel.

In addition, it is worth noting that the 30-year ultra-long-term special treasury bonds have also recently completed the first renewal issuance bidding, and will be listed and traded together with the original issuance part of 40 billion yuan from June 13.

On June 7, many banks including the Agricultural Bank of China announced that they would sell the third and fourth installments of 2024 savings bonds from June 10 to 19.

It is understood that the third-phase treasury bonds and the fourth-phase treasury bonds are both fixed-rate and fixed-term varieties, with a total maximum issuance amount of 50 billion yuan, and the maximum issuance amount of the two phases is 25 billion yuan each. Among them, the third-tranche treasury bond has a term of 3 years and the annual coupon rate is 2.38%; the fourth-tranche treasury bond has a term of 5 years and the annual coupon rate is 2.5%.

The two tranches of treasury bonds sold this time will start interest on June 10, 2024, with interest paid annually, and interest will be paid on June 10 each year. The purchase of each issue of treasury bonds by a single individual treasury bond secondary custody account shall not exceed 3 million yuan.

On June 10, during the Dragon Boat Festival holiday, in addition to offline counters, many banks started simultaneous sales through online banking and mobile banking to broaden sales channels. An announcement from the Ministry of Finance showed that 32 online banking members including ICBC also sold products on behalf of online banks; 16 mobile banking pilot members including Agricultural Bank of China also sold products on behalf of their mobile banks.

On the morning of June 10, reporters from China Brokerage learned that the sales of mobile banking channels were very hot. The ICBC mobile APP shows that the sales amount available through electronic banking channels for the third and fourth installments of 2024 savings treasury bonds are shown as 0 within 2 minutes and 1 minute after the sale starts respectively.

Brokerage China reporters checked the mobile apps of Bank of China, China Construction Bank, China Merchants Bank and many other banks half an hour after the sales started. It also showed that the third and fourth installments of 2024 savings treasury bonds can no longer be purchased through this channel.

In terms of offline sales. According to various reports from brokerage China reporters, the sales quota of some bank outlets is not fixed. If investors purchase offline, they may need bank staff to help refresh the system information to check whether there is a new purchase quota.

In this regard, bank staff explained that electronic treasury bonds will not allocate quotas to offline outlets, and outlet staff will help investors "snap up" them in the unified system of the head office. "When investors from other outlets subscribe but do not actually complete the purchase, the system will show that there is a balance available for purchase after refreshing." A bank staff member told reporters.

In addition, it is worth noting that the redemption of savings-type treasury bonds has certain requirements for holding time, otherwise a certain amount of interest will be lost.

Calculated from the first day of issuance of the third-tranche and fourth-tranche treasury bonds, if investors hold the two-tranche treasury bonds for less than 6 months and redeem them in advance, no interest will be paid. If the investor holds the two-tranche treasury bonds for less than 6 months and redeems them in advance, interest will be calculated based on the issuance rate and deduct 180 for 6 months but less than 24 months. interest will be calculated based on the issuance rate and 90 days of interest will be deducted for 24 months and less than 36 months; interest for the fourth-tranche government bond held for 36 months and less than 60 months will be calculated at the issuance rate and 60 days of interest will be deducted.

It is reported that the Ministry of Finance has renewed the issuance of 2024 ultra-long-term special treasury bonds for the first time on the 7th, with a total issuance of 45 billion yuan.

The treasury bonds issued this time are 30-year fixed-rate interest-bearing bonds, and the coupon rate is the same as the previously issued treasury bonds of the same period, which is 2.57%. The value date and redemption arrangements for the continued issuance of treasury bonds are the same as those of the previously issued treasury bonds of the same period. The bidding for the renewed issuance of treasury bonds will end on June 11 for distribution, and will be merged with the previously issued treasury bonds of the same period for listing and trading on June 13.

"This renewal is in line with the 2024 ultra-long-term special treasury bond issuance arrangement." Dong Ximiao, chief researcher of China Merchants Union, told reporters that according to the plan, 1 trillion ultra-long-term special treasury bonds will be issued this year. Rolling issuance methods such as initial issuance and renewal can ensure market liquidity. order.

According to the 2024 ultra-long-term special treasury bond issuance arrangements previously issued by the Ministry of Finance, June 7 will be the first renewal of this year’s ultra-long-term special treasury bonds. On June 14, the Ministry of Finance will issue the 2024 ultra-long-term special treasury bonds for the first time, with a total bidding amount of 35 billion yuan.

Dong Ximiao said that ultra-long-term special treasury bonds are endorsed by national credit and have strong safety, and have become an important target for asset allocation by financial institutions. Previously, some commercial banks, including Rural Commercial Bank, expanded their bond investments, with “big banks lending and small banks buying bonds.” Bond investment income became an important source of bank income.

"Currently, deposit interest rates are in a downward channel. By purchasing ultra-long-term special treasury bonds, you can lock in the interest rate at the current time and pay interest once every six months, so it has become an important investment choice for individual investors." Dong Ximiao believes that in this case, ultra-long-term special treasury bonds It has been well received after listing and trading, which is in line with expectations.

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