500亿凭证式(一期)新国债已从3月1日起发行,发行期至4月20日结束。新国债有什么特点,投资价值如何,笔者作一分析。一是新国债可免利息税,投资收益水平较高。财政部已明确市民认购国债所得的利息免征利息税,而银行储蓄所得要按20%税率缴利息税,我们可以作一比较。本期国债分为二 500 billion vouchers (one issue) of new bonds have been issued from March 1, the issue period ended April 20. What are the characteristics of the new bonds, investment value, I make an analysis. First, the new bonds can be exempt from interest tax, a higher level of return on investment. The Ministry of Finance has made it clear that interest earned on public subscriptions of government bonds will be exempt from interest tax and that the interest earned on bank savings will be subject to interest tax at the rate of 20%. We can make a comparison. The current national debt is divided into two