Calculation formula of reverse repurchase of national debt

The formula for calculating the income of reverse repurchase of treasury bonds is: income = transaction amount × transaction interest rate price × interest-bearing days ÷365. For example, if an investor buys GC00 1 with the highest annualized rate of return exceeding 10%, that is, 1 day, then the actual number of days of corresponding funds is 1 day, that is, 65,438+million yuan is bought today, and the funds will be returned to the account tomorrow. Calculated by annualized income 10%, the income that investors can get is: 100000 (principal) * 10% (transaction interest rate) * 1 (actual payment days) /365=27.4 yuan, deducting 65438+.

How much can you earn in a day by repurchasing 654.38+10,000 yuan of government bonds?

Reverse repurchase100000 yuan of national debt can earn about 16.67 yuan a day. The specific calculation formula is as follows:

1. The formula for calculating the expected return on reverse repurchase of treasury bonds is: expected return on loan = transaction amount * transaction price (i.e. transaction interest rate) /360* interest-bearing days, i.e. actual occupied days. If the investor borrows 654.38 million yuan and the interest rate is 6%, the loan interest of 1 day is about100000 * 6%/360 =16.67 yuan.

There is a certain handling fee for the reverse repurchase transaction of government bonds, which is generally 65438+ 1 day, 1 yuan. Shanghai Stock Exchange and Shenzhen Stock Exchange charge the same fees. Therefore, after deducting the handling fee 1 yuan, the actual interest earned is 15.67 yuan.

The interest rate of reverse repurchase of treasury bonds is floating, and the interest rate when calculating the expected return is calculated according to the interest rate at the time of transaction, so the fluctuation of interest rate after transaction will not affect the expected return of interest.

2. Why did the national debt reverse repurchase lose money?

The reverse repurchase of government bonds requires a commission, and the commission charged on different reverse repurchase days is different. If the transaction price is too low at the time of reverse repurchase, once the income is lower than the commission, then the reverse repurchase of government bonds will lose money. In addition, the wrong trading time or the failure of the trading system will also lead to the loss of reverse repurchase of government bonds.

Extended data:

National debt (national debt; Governmentloan, also known as national bond, is a creditor-debtor relationship formed by the state on the basis of its credit and in accordance with the general principles of debt. National debt is a bond issued by the state, a government bond issued by the central government to raise financial funds, and a debt certificate issued by the central government to investors, which promises to repay the principal and interest within a certain period of time. Because the issuer of national debt is the country, it has the highest credit and is recognized as the safest investment tool.

China's national debt refers to the national debt issued by the Ministry of Finance on behalf of the central government. Guaranteed by the national financial reputation, the credibility is very high. It has always been called "Phnom Penh bond", and cautious investors like to invest in government bonds. There are three kinds of bonds: voucher bonds, bearer bonds and book-entry bonds.

On June 15, 2020, the Ministry of Finance issued a notice, clarifying that special anti-epidemic treasury bonds will be issued in 2020. In September, FTSE Russell announced the inclusion of China government bonds in FTSE government bond index.

Legal basis: Article 121 of the Company Law If a listed company purchases or sells major assets within one year or the amount of guarantee exceeds 30% of the company's total assets, it shall make a resolution at the shareholders' meeting, which shall be passed by more than two thirds of the voting rights held by the shareholders present at the meeting.