同往年相比,今年国债发行有一个显著的特点,就是发行利率明显下降,创出了国债发行以来的最低水平。首先,国债招标利率首次出现了低于银行储蓄存款名义利率水平。这一现象从今年凭证式国债的利率水平上就已经反映出来。第一期凭证式三年期国债利率为2.42％,五年期为2.74％,分别低于同期的银行储蓄存款利率2.70％和2.88％。其次,交易所国债市 Compared with previous years, there is a notable feature of this year's treasury bonds issuance, that is, the issuance interest rate has dropped significantly, setting a minimum level since the issuance of treasury bonds. First of all, for the first time, the interest rate of government bonds tended to fall below the nominal interest rate of bank savings deposits. This phenomenon has been reflected in the interest rate level of this year's documentary treasury bonds. The first tranche of three-year treasury bonds yield 2.42% and the five-year period is 2.74%, down 2.70% and 2.88% respectively from the bank savings deposit rates for the same period. Second, the exchange bond market