depends on how one looks at it. This is not zero coupon. OP is getting 4% interest a year + in 10 years gets the principal back. If rates drop OP can sell it in secondary market for more than the cost and on the other hand if rates go up then further loss will occur.
When you buy or sell a bond, the final settlement price (total price) is in two parts: total (or dirty price) = clean price + interest accrual In this case, cusip 91282CJJ1, the clean price (or quoted price), is 103.82. However, this is a reopening of an existing bond, so you pay partial accrual from 11/15/2023 to today. However, you next coupon payment of $2.25 is 5/15/2024, which is much less than 6 months away. That's the reason of paying a partial interest at purchase. For a retail investor, I suggest not to bother with this level of detail, save yourself a lot of troubles.
When you buy or sell a bond, the final settlement price (total price) is in two parts: total (or dirty price) = clean price + interest accrual In this case, cusip 91282CJJ1, the clean price (or quoted price), is 103.82. However, this is a reopening of an existing bond, so you pay partial accrual from 11/15/2023 to today. However, you next coupon payment of $2.25 is 5/15/2024, which is much less than 6 months away. That's the reason of paying a partial interest at purchase. For a retail investor, I suggest not to bother with this level of detail, save yourself a lot of troubles. ImAbendrot 发表于 2024-01-16 21:04
When you buy or sell a bond, the final settlement price (total price) is in two parts: total (or dirty price) = clean price + interest accrual In this case, cusip 91282CJJ1, the clean price (or quoted price), is 103.82. However, this is a reopening of an existing bond, so you pay partial accrual from 11/15/2023 to today. However, you next coupon payment of $2.25 is 5/15/2024, which is much less than 6 months away. That's the reason of paying a partial interest at purchase. For a retail investor, I suggest not to bother with this level of detail, save yourself a lot of troubles. ImAbendrot 发表于 2024-01-16 21:04
因为price per $100 大于$100, 所以扣的钱要多。
10 year is below 4.5% so you are paying a premium.
是的是的，金银岛太厉害了一眼看出代码，第一次买长期的完全不懂
我也第一次买这么多年的，不知道是不是每半年付利息的，不用的钱单纯想试试不同的产品组合
那不是很不划算？10年后才能拿回来2万？
depends on how one looks at it. This is not zero coupon. OP is getting 4% interest a year + in 10 years gets the principal back. If rates drop OP can sell it in secondary market for more than the cost and on the other hand if rates go up then further loss will occur.
利息每半年给一次，到期拿回2万。如果10年里利率变低，可以高卖，至于高卖到多少，取决你卖出时候的利率，你卖出时候的利率越低你可卖出的价格就越高。如果10年里利率更高了，你只要不卖出拿到10年到期，你没有损失。你如果在利率高的时候卖出，你的本金会有损失。
total (or dirty price) = clean price + interest accrual
In this case, cusip 91282CJJ1, the clean price (or quoted price), is 103.82.
However, this is a reopening of an existing bond, so you pay partial accrual from 11/15/2023 to today. However, you next coupon payment of $2.25 is 5/15/2024, which is much less than 6 months away. That's the reason of paying a partial interest at purchase.
For a retail investor, I suggest not to bother with this level of detail, save yourself a lot of troubles.
楼主问的是卖的时候price的变化
十年国债利率不固定吗？
coupon rate即票面利率是固定的,就是你每半年收到的利息是固定的
你说的对，现在买的是9年零10个月的国债。所以楼主要付的除了价格103.823381，还要付从11/15到01/16这62天的利息，100*0.045/2*62/182=0.766484, 两部分加起来是104.589865，乘以200就是楼主说的数字。
展开说说 具体是买哪些 请赐教
终于理解了，再次感谢金银岛，和楼里聪明热心的姐妹们
谢谢解释！