At home, the national position of special national debt is bonds that serve specific policies and support specific project needs. In response to the impact of the epidemic, the state will issue 1 trillion yuan of special national debt for epidemic prevention, which will be used for public health and other infrastructure construction and epidemic prevention-related expenditures. Then, what is the impact of issuing 1 trillion yuan of special anti-epidemic treasury bonds on the stock market?

What is the impact of issuing 1 trillion yuan of special anti-epidemic treasury bonds on the stock market?

In the short term, the issuance of 1 trillion special government bonds is actually a negative factor for the stock market. From the interest rate point of view, the issuance of 1 trillion special treasury bonds is indeed a negative factor for the stock market, but in the long run, it can improve the government's ability to stimulate the economy and make the economy enter a state of recovery earlier. Simply put, issuing 1 trillion yuan of special anti-epidemic treasury bonds is conducive to stimulating consumption.

The national 1 trillion national debt has increased the market demand for money, which is higher than before, and the loan interest rate will have an upward momentum. On the one hand, the increase of loan interest rate will increase the financing cost of enterprises and reduce the value of enterprises. On the other hand, the yield of fixed-income products such as bonds will also rise, funds will turn to the bond market, and funds in the stock market will decrease.

Generally speaking, this year's pneumonia epidemic has a great impact on China. In order to stimulate consumption to cope with the impact of the epidemic, the state decided to issue 1 trillion yuan of special anti-epidemic treasury bonds.