“手慢无”！发行首日直接“秒光”

Core Viewpoint - The recent adjustment in deposit rates has led to a significant drop in the interest rates of savings bonds, with the 3-year and 5-year bonds now at 1.63% and 1.7% respectively, reflecting a decrease of 30 basis points compared to the previous month. Despite this decline, the demand for these bonds remains high, indicating a continued preference for savings bonds over traditional bank deposits due to their safety and flexibility [1][8]. Summary by Sections Sales Performance - The first batch of electronic savings bonds was launched on June 10, 2025, with a total issuance cap of 250 billion yuan for each of the 3-year and 5-year bonds [3][4]. - The online sales for the new bonds were extremely competitive, with many banks reporting that the bonds sold out within minutes of their release [4][5]. - By the morning of June 10, several banks had already exhausted their online sales quotas, indicating a strong market demand [4][5]. Interest Rate Comparison - The current interest rates for the new savings bonds are lower than previous offerings but still maintain an advantage over the latest bank deposit rates, which have also seen reductions [8][10]. - The latest bank deposit rates for 3-year and 5-year terms have been adjusted to 1.25% and 1.3%, respectively, which are lower than the rates for the new savings bonds [9][10]. Market Trends - There is a noticeable shift in the demographic of investors, with younger individuals increasingly participating in the purchase of savings bonds, a trend that contrasts with the traditional focus on older investors [8]. - The overall enthusiasm for purchasing savings bonds has seen a slight decline in physical bank branches compared to previous sales, although online demand remains robust [8][9]. Regulatory Framework - The issuance of the savings bonds is managed by a consortium of 40 banks, including state-owned and joint-stock banks, with specific quotas for electronic and physical sales channels [6][11]. - Each individual is limited to purchasing a maximum of 3 million yuan in bonds per issuance, ensuring a broad distribution among investors [6][11].