{"id":21348,"date":"2023-12-06T02:39:29","date_gmt":"2023-12-06T02:39:29","guid":{"rendered":"https:\/\/masterskills.org\/blog\/treasury-bond-la-gi-va-khac-gi-voi-t-note-va-t-bill.html"},"modified":"2023-12-22T04:54:41","modified_gmt":"2023-12-21T21:54:41","slug":"treasury-bond-la-gi-va-khac-gi-voi-t-note-va-t-bill","status":"publish","type":"post","link":"https:\/\/masterskills.org\/blog\/treasury-bond-la-gi-va-khac-gi-voi-t-note-va-t-bill.html","title":{"rendered":"Treasury bond l\u00e0 g\u00ec v\u00e0 kh\u00e1c g\u00ec v\u1edbi T-note v\u00e0 T-bill?"},"content":{"rendered":"
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N\u1ebfu b\u1ea1n l\u00e0 m\u1ed9t nh\u00e0 \u0111\u1ea7u t\u01b0 hay \u0111\u01a1n gi\u1ea3n l\u00e0 quan t\u00e2m \u0111\u1ebfn c\u00e1c h\u00ecnh th\u1ee9c \u0111\u1ea7u t\u01b0 th\u00ec b\u1ea1n c\u1ea7n bi\u1ebft kh\u00e1i ni\u1ec7m treasury bond l\u00e0 g\u00ec. \u0110\u1ed3ng th\u1eddi, vi\u1ec7c t\u00ecm hi\u1ec3u c\u00e1c \u0111\u1eb7c \u0111i\u1ec3m c\u1ee7a treasury bond c\u0169ng g\u00f3p ph\u1ea7n gi\u00fap b\u1ea1n quy\u1ebft \u0111\u1ecbnh r\u1eb1ng m\u00ecnh c\u00f3 ph\u00f9 h\u1ee3p v\u1edbi k\u00eanh \u0111\u1ea7u t\u01b0 n\u00e0y hay kh\u00f4ng.<\/p>\n

Treasury bonds l\u00e0 g\u00ec?<\/strong><\/span><\/h2>\n

Treasury bond \u0111\u01b0\u1ee3c hi\u1ec3u l\u00e0 tr\u00e1i phi\u1ebfu kho b\u1ea1c d\u00e0i h\u1ea1n, m\u1ed9t trong nh\u1eefng lo\u1ea1i tr\u00e1i phi\u1ebfu do ch\u00ednh ph\u1ee7 ph\u00e1t h\u00e0nh. Treasury bond kh\u00e1c v\u1edbi c\u00e1c lo\u1ea1i tr\u00e1i phi\u1ebfu ch\u00ednh ph\u1ee7 kh\u00e1c \u1edf ch\u1ed7 \u0111\u00e2y l\u00e0 lo\u1ea1i h\u00ecnh \u0111\u1ea7u t\u01b0 do Kho b\u1ea1c thay m\u1eb7t ch\u00ednh ph\u1ee7 ph\u00e1t h\u00e0nh nh\u1eb1m huy \u0111\u1ed9ng ngu\u1ed3n v\u1ed1n d\u00e0i h\u1ea1n.<\/p>\n

H\u1ea7u h\u1ebft c\u00e1c \u0111\u1ee3t treasury bond \u0111\u01b0\u1ee3c ra \u0111\u1eddi b\u1edfi nhu c\u1ea7u huy \u0111\u1ed9ng ngu\u1ed3n ti\u1ec1n cho chi ti\u00eau ng\u00e2n s\u00e1ch nh\u00e0 n\u01b0\u1edbc, nh\u01b0ng c\u0169ng c\u00f3 m\u1ed9t s\u1ed1 tr\u01b0\u1eddng h\u1ee3p tr\u00e1i phi\u1ebfu kho b\u1ea1c \u0111\u01b0\u1ee3c ph\u00e1t h\u00e0nh nh\u1eb1m \u0111i\u1ec1u ch\u1ec9nh l\u1ea1m ph\u00e1t ho\u1eb7c ki\u1ec3m so\u00e1t l\u01b0\u1ee3ng ti\u1ec1n t\u1ec7 l\u01b0u th\u00f4ng tr\u00ean th\u1ecb tr\u01b0\u1eddng.<\/p>\n

Treasury bond th\u01b0\u1eddng c\u00f3 nhi\u1ec1u m\u1ec7nh gi\u00e1 \u0111a d\u1ea1ng, v\u00ed d\u1ee5 \u1edf M\u1ef9 tr\u00e1i phi\u1ebfu kho b\u1ea1c l\u00e0 b\u1ed9i s\u1ed1 c\u1ee7a 100 \u0111\u00f4, \u1edf Vi\u1ec7t Nam l\u00e0 b\u1ed9i s\u1ed1 c\u1ee7a 100.000 \u0111\u1ed3ng (500.000 \u0111\u1ed3ng, 1.000.000 \u0111\u1ed3ng, 2.000.000 \u0111\u1ed3ng\u2026)<\/p>\n

Government bond l\u00e0 g\u00ec?<\/strong><\/span><\/h2>\n

Government bond c\u00f2n g\u1ecdi l\u00e0 tr\u00e1i phi\u1ebfu ch\u00ednh ph\u1ee7 l\u00e0 m\u1ed9t c\u00f4ng c\u1ee5 n\u1ee3 \u0111\u01b0\u1ee3c ph\u00e1t h\u00e0nh b\u1edfi ch\u00ednh ph\u1ee7 \u0111\u1ec3 t\u00e0i tr\u1ee3 cho c\u00e1c nhu c\u1ea7u c\u1ee7a h\u1ecd v\u00e0 c\u0169ng \u0111\u1ec3 \u0111i\u1ec1u ti\u1ebft cung ti\u1ec1n.<\/p>\n

Khi ch\u00ednh ph\u1ee7 c\u1ea7n ngu\u1ed3n v\u1ed1n \u0111\u1ec3 ph\u00e1t tri\u1ec3n c\u01a1 s\u1edf h\u1ea1 t\u1ea7ng v\u00e0 \u0111\u1ec3 t\u00e0i tr\u1ee3 cho vi\u1ec7c chi ti\u00eau c\u1ee7a ch\u00ednh ph\u1ee7 th\u00ec nh\u1eefng tr\u00e1i phi\u1ebfu \u0111\u00f3 th\u01b0\u1eddng l\u00e0 c\u00e2u tr\u1ea3 l\u1eddi. Nh\u01b0 v\u1eady, ch\u00ednh ph\u1ee7 s\u1ebd b\u00e1n tr\u00e1i phi\u1ebfu ra c\u00f4ng ch\u00fang, m\u1eddi g\u1ecdi \u0111\u1ea7u t\u01b0. Ch\u00ednh ph\u1ee7 s\u1ebd ho\u00e0n tr\u1ea3 g\u1ed1c v\u00e0 l\u00e3i theo c\u00e1c \u0111i\u1ec1u kho\u1ea3n quy \u0111\u1ecbnh.<\/p>\n

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\u201cC\u00f9ng v\u1edbi Treasury bills (T-bill: tr\u00e1i phi\u1ebfu kho b\u1ea1c ng\u1eafn h\u1ea1n), Treasury notes (T-note: tr\u00e1i phi\u1ebfu kho b\u1ea1c trung h\u1ea1n), treasury bond l\u00e0 c\u00e1c lo\u1ea1i ch\u1ee9ng kho\u00e1n do ch\u00ednh ph\u1ee7 ph\u00e1t h\u00e0nh h\u1ea7u nh\u01b0 kh\u00f4ng c\u00f3 r\u1ee7i ro.\u201d<\/strong><\/em><\/p>\n<\/blockquote>\n

\u0110\u1eb7c \u0111i\u1ec3m c\u1ee7a treasury bond<\/strong><\/p>\n

C\u0169ng nh\u01b0 c\u00e1c lo\u1ea1i h\u00ecnh \u0111\u1ea7u t\u01b0 kh\u00e1c, tr\u00e1i phi\u1ebfu kho b\u1ea1c c\u0169ng c\u00f3 nh\u1eefng \u0111\u1eb7c \u0111i\u1ec3m ri\u00eang \u0111\u1ec3 nh\u1eefng ai mu\u1ed1n mua c\u00f3 th\u1ec3 xem x\u00e9t v\u00e0 quy\u1ebft \u0111\u1ecbnh c\u00f3 n\u00ean \u0111\u1ea7u t\u01b0 hay kh\u00f4ng. V\u1eady c\u00e1c \u0111\u1eb7c \u0111i\u1ec3m n\u1ed5i b\u1eadt c\u1ee7a treasury bond l\u00e0 g\u00ec?<\/p>\n

Treasury bond l\u00e0 lo\u1ea1i h\u00ecnh \u0111\u1ea7u t\u01b0 c\u00f3 r\u1ee7i ro th\u1ea5p nh\u1ea5t<\/strong><\/p>\n

V\u00ec \u0111\u01b0\u1ee3c ph\u00e1t h\u00e0nh b\u1edfi kho b\u1ea1c nh\u00e0 n\u01b0\u1edbc, n\u00ean c\u00e1c lo\u1ea1i tr\u00e1i phi\u1ebfu kho b\u1ea1c c\u00f3 r\u1ee7i ro \u0111\u1ea7u t\u01b0 r\u1ea5t th\u1ea5p. T\u1ec9 l\u1ec7 nh\u00e0 \u0111\u1ea7u t\u01b0 m\u1ea5t v\u1ed1n g\u1ea7n nh\u01b0 l\u00e0 kh\u00f4ng c\u00f3.<\/p>\n

Tuy nhi\u00ean, vi\u1ec7c kh\u00f4ng \u201cm\u1ea5t v\u1ed1n\u201d ch\u1ec9 l\u00e0 m\u1ed9t ph\u1ea7n trong r\u1ee7i ro \u0111\u1ea7u t\u01b0. V\u00ec v\u1eady, khi ch\u1ecdn \u0111\u1ea7u t\u01b0 v\u00e0o Treatury bond, nh\u00e0 \u0111\u1ea7u t\u01b0 v\u1eabn c\u1ea7n c\u00e2n nh\u1eafc \u0111\u1ebfn c\u00e1c y\u1ebfu t\u1ed1 nh\u01b0 l\u1ea1m ph\u00e1t hay t\u1ef7 gi\u00e1 c\u1ee7a \u0111\u1ed3ng n\u1ed9i t\u1ec7\u2026 \u0111\u1ec3 c\u00f3 th\u1ec3 \u01b0\u1edbc t\u00ednh ch\u00ednh x\u00e1c nh\u1ea5t m\u1ee9c l\u1ee3i nhu\u1eadn v\u00e0 r\u1ee7i ro.<\/p>\n

Treasury bond c\u00f3 th\u1eddi gian d\u00e0i h\u1ea1n<\/strong><\/p>\n

Th\u1eddi h\u1ea1n c\u1ee7a treasury bond \u0111\u01b0\u1ee3c \u1ea5n \u0111\u1ecbnh trong kho\u1ea3ng kh\u00e1 d\u00e0i. V\u00ed d\u1ee5 nh\u01b0 \u1edf Vi\u1ec7t Nam, c\u00e1c tr\u00e1i phi\u1ebfu kho b\u1ea1c t\u1eebng \u0111\u01b0\u1ee3c ph\u00e1t h\u00e0nh c\u00f3 th\u1ec3 c\u00f3 th\u1eddi h\u1ea1n 5, 10 hay 20 n\u0103m. \u1ede M\u1ef9, c\u00e1c treasury bond \u0111\u01b0\u1ee3c ph\u00e1t h\u00e0nh \u0111\u1ec1u tr\u00ean 10 n\u0103m v\u00e0 d\u00e0i nh\u1ea5t c\u00f3 th\u1ec3 l\u00ean \u0111\u1ebfn 30 n\u0103m.<\/p>\n

Treasury bond c\u00f3 l\u00e3i su\u1ea5t ban \u0111\u1ea7u th\u1ea5p<\/strong><\/p>\n

Theo quy lu\u1eadt th\u1ecb tr\u01b0\u1eddng, nh\u1eefng k\u00eanh \u0111\u1ea7u t\u01b0 c\u00f3 r\u1ee7i ro th\u1ea5p h\u01a1n th\u00ec th\u01b0\u1eddng c\u00f3 l\u00e3i su\u1ea5t t\u01b0\u01a1ng \u1ee9ng th\u1ea5p h\u01a1n. V\u00ec v\u1eady, tr\u00e1i phi\u1ebfu kho b\u1ea1c c\u0169ng th\u01b0\u1eddng c\u00f3 l\u00e3i su\u1ea5t \u1ea5n \u0111\u1ecbnh ban \u0111\u1ea7u kh\u00e1 th\u1ea5p. Th\u1eddi h\u1ea1n tr\u1ea3 l\u00e3i c\u00f3 th\u1ec3 l\u00e0 \u0111\u1ea7u k\u00ec, cu\u1ed1i k\u00ec hay \u0111\u1ecbnh k\u1ef3 (6 th\u00e1ng\/ l\u1ea7n) t\u00f9y theo \u0111\u1ee3t ph\u00e1t h\u00e0nh v\u00e0 qu\u1ed1c gia ph\u00e1t h\u00e0nh.<\/p>\n

Tuy nhi\u00ean, ph\u1ea7n l\u1ee3i thu \u0111\u01b0\u1ee3c t\u1eeb lo\u1ea1i tr\u00e1i phi\u1ebfu n\u00e0y kh\u00f4ng ch\u1ec9 d\u1ef1a v\u00e0o l\u00e3i su\u1ea5t, m\u00e0 c\u00f2n c\u00f3 th\u1ec3 l\u00e0 ch\u00eanh l\u1ec7ch gi\u00e1 tr\u1ecb mua v\u00e0o ban \u0111\u1ea7u v\u00e0 b\u00e1n ra tr\u00ean th\u1ecb tr\u01b0\u1eddng t\u00f9y th\u1eddi \u0111i\u1ec3m.<\/p>\n

S\u1ef1 kh\u00e1c nhau gi\u1eefa treasury note, treasury bill v\u00e0 treasury bond l\u00e0 g\u00ec?<\/strong><\/span><\/h2>\n

Treasury bill, treasury note v\u00e0 treasury bond v\u1ec1 c\u01a1 b\u1ea3n l\u00e0 c\u00f9ng m\u1ed9t lo\u1ea1i v\u00e0 ch\u1ec9 kh\u00e1c nhau v\u1ec1 k\u1ef3 h\u1ea1n thanh to\u00e1n. Treasury bond c\u00f3 k\u1ef3 h\u1ea1n thanh to\u00e1n t\u1eeb 20 \u0111\u1ebfn 30 n\u0103m, treasury note c\u00f3 k\u1ef3 h\u1ea1n thanh to\u00e1n ng\u1eafn nh\u1ea5t l\u00e0 hai n\u0103m v\u00e0 kh\u00f4ng qu\u00e1 10 n\u0103m v\u00e0 treasury bill c\u00f3 k\u1ef3 h\u1ea1n thanh to\u00e1n t\u1eeb 3 th\u00e1ng, 6 th\u00e1ng \u0111\u1ebfn 1 n\u0103m.<\/p>\n

Ai ph\u00f9 h\u1ee3p \u0111\u1ec3 \u0111\u1ea7u t\u01b0 v\u00e0o treasury bond?<\/strong><\/span><\/h2>\n

V\u1edbi t\u00ednh ch\u1ea5t \u00edt r\u1ee7i ro, d\u1ec5 mua v\u00e0 th\u1eddi h\u1ea1n d\u00e0i, c\u00e1c tr\u00e1i phi\u1ebfu kho b\u1ea1c th\u01b0\u1eddng \u0111\u01b0\u1ee3c mua b\u1edfi \u0111\u1ed1i t\u01b0\u1ee3ng nh\u1eefng ng\u01b0\u1eddi c\u00f3 thu nh\u1eadp trung b\u00ecnh v\u1edbi mong mu\u1ed1n c\u00f3 \u0111\u01b0\u1ee3c m\u1ed9t kho\u1ea3n ti\u1ec1n khi ngh\u1ec9 h\u01b0u (t\u1eeb l\u00e3i su\u1ea5t tr\u00e1i phi\u1ebfu v\u00e0 gi\u00e1 tr\u1ecb g\u1ed1c khi h\u1ebft th\u1eddi h\u1ea1n). Khi \u0111\u00f3, c\u00e1c tr\u00e1i phi\u1ebfu th\u01b0\u1eddng \u0111\u01b0\u1ee3c gi\u1eef trong m\u1ed9t th\u1eddi gian d\u00e0i.<\/p>\n

M\u1eb7t kh\u00e1c, \u0111\u00e2y c\u0169ng l\u00e0 m\u1ed9t l\u1ef1a ch\u1ecdn th\u00edch h\u1ee3p v\u1edbi nh\u1eefng ai th\u00edch \u0111\u1ea7u t\u01b0 \u201c\u00edt r\u1ee7i ro\u201d thay v\u00ec \u0111\u1ec3 ti\u1ec1n nh\u00e0n r\u1ed7i m\u00e0 kh\u00f4ng sinh l\u1eddi.<\/p>\n

M\u1ed9t \u0111\u1ed1i t\u01b0\u1ee3ng kh\u00e1c kh\u00f4ng th\u1ec3 b\u1ecf qua treasury bond l\u00e0 nh\u1eefng nh\u00e0 \u0111\u1ea7u t\u01b0 chuy\u00ean nghi\u1ec7p v\u1edbi danh m\u1ee5c \u0111\u1ea7u t\u01b0 \u0111a d\u1ea1ng c\u00e1c c\u1ea5p \u0111\u1ed9 r\u1ee7i ro kh\u00e1c nhau v\u00e0 \u0111\u1ea3m b\u1ea3o nguy\u00ean t\u1eafc \u201ckh\u00f4ng b\u1ecf tr\u1ee9ng trong c\u00f9ng m\u1ed9t r\u1ed5\u201d. \u0110\u1ed1i v\u1edbi nh\u00e0 \u0111\u1ea7u t\u01b0 n\u00e0y, tr\u00e1i phi\u1ebfu kho b\u1ea1c c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c chuy\u1ec3n \u0111\u1ed5i trong th\u1eddi gian ng\u1eafn h\u01a1n \u0111\u1ec3 \u0111\u1ea1t m\u1ee9c l\u1ee3i nhu\u1eadn ch\u00eanh l\u1ec7ch t\u1ed1i \u0111a gi\u1eefa gi\u00e1 mua v\u00e0o v\u00e0 gi\u00e1 b\u00e1n ra.<\/p>\n

Nh\u01b0 v\u1eady, b\u00e0i vi\u1ebft n\u00e0y \u0111\u00e3 cho b\u1ea1n bi\u1ebft treasury bond l\u00e0 g\u00ec v\u00e0 nh\u1eefng \u0111\u1eb7c \u0111i\u1ec3m c\u1ea7n thi\u1ebft \u0111\u1ec3 quy\u1ebft \u0111\u1ecbnh vi\u1ec7c c\u00f3 n\u00ean \u0111\u1ea7u t\u01b0 v\u00e0o lo\u1ea1i tr\u00e1i phi\u1ebfu n\u00e0y kh\u00f4ng v\u00e0 th\u1eddi gian \u0111\u1ea7u t\u01b0 trong bao l\u00e2u.<\/p>\n

H\u00e0 Ph\u01b0\u01a1ng<\/strong><\/p>\n

<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

N\u1ebfu b\u1ea1n l\u00e0 m\u1ed9t nh\u00e0 \u0111\u1ea7u t\u01b0 hay \u0111\u01a1n gi\u1ea3n l\u00e0 quan t\u00e2m \u0111\u1ebfn c\u00e1c h\u00ecnh th\u1ee9c \u0111\u1ea7u t\u01b0 th\u00ec b\u1ea1n c\u1ea7n bi\u1ebft kh\u00e1i ni\u1ec7m treasury bond l\u00e0 g\u00ec. \u0110\u1ed3ng th\u1eddi, vi\u1ec7c t\u00ecm hi\u1ec3u c\u00e1c \u0111\u1eb7c \u0111i\u1ec3m c\u1ee7a treasury bond c\u0169ng g\u00f3p ph\u1ea7n gi\u00fap b\u1ea1n quy\u1ebft \u0111\u1ecbnh r\u1eb1ng m\u00ecnh c\u00f3 ph\u00f9 h\u1ee3p v\u1edbi k\u00eanh \u0111\u1ea7u t\u01b0 n\u00e0y hay kh\u00f4ng.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[429],"tags":[],"_links":{"self":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/21348"}],"collection":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/comments?post=21348"}],"version-history":[{"count":0,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/21348\/revisions"}],"wp:attachment":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/media?parent=21348"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/categories?post=21348"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/tags?post=21348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}