"China's 20-year treasury bond is a debt security issued by the Chinese government that pays interest on a regular basis and repays the principal at maturity. Major infrastructure construction, social security and other aspects are of great significance to maintaining national economic and social stability.

The face value of this bond is usually RMB 100 or 1,000, and the minimum investment amount is RMB 10,000. It has the characteristics of strong liquidity, high security, and stable rate of return. Like other bonds, the price of treasury bonds is affected by the relationship between market demand and supply. If the market interest rate rises, the price of treasury bonds will fall, and if the market interest rate falls, the price of treasury bonds will rise.

The yield to maturity of government bonds is usually jointly determined by the central bank and the market, and is affected by factors such as policy interest rates, inflation expectations, and economic growth. Therefore, the yield level of the government bond has important reference value for economic analysis and can reflect the market's views on China's economic situation and policy direction.

At the same time, due to the low yield of the bond, it is also a choice for wealth management and value preservation. Compared with other investment channels, the risk of this national bond is lower, and it is more suitable for investors who seek safety. For investors who need to avoid risks, maintain a certain degree of liquidity, and at the same time hope to obtain stable income, this national bond is a good investment choice.

In conclusion, China's 20-year treasury bond is an important financing tool for the Chinese government and an important financial indicator that investors can refer to. Its issuance and trading are carried out in the domestic securities market, and it is an important member of domestic fixed-income investment varieties, which can provide investors with safe and stable returns. "