YANGON, Jan. 10 (Xinhua) -- The Central Bank of Myanmar has claimed prompt and good sale of government treasury bonds in the beginning of this year, getting a total sale value of over 1.03 billion Kyats (1.03 million U.S. dollars) in merely a couple of days, the local weekly Voice reported Sunday.

    The prompt and increased sale of the government treasury bonds was attributed to the introduction of one more kind of two-year government treasury bonds on Jan. 1 this year apart from the two previously existing three-year and five-year ones, drawing public interest.

    The treasury bonds, issued by state economic banks in Nay Pyi Taw, Yangon and Mandalay, can be freely bought in groups or individuals and are transferable or sold, the bank authorities said, adding that the interest rate for the new two-year government treasury bonds is 10.5 percent, while the three-year ones 11 percent and the five-year one 11.5 percent.

    According to the central bank, total sale of three-year government treasury bonds amounted to 87.78 billion Kyats (87.78 million U.S. dollars) in the 2008-09 fiscal year, while that of five-year bonds 430.94 billion Kyats.

    The latest figures revealed that increased amount of the treasury bonds were sold in the first half of 2009-10 with 550.4 billion Kyats for three-year bonds and 51.183 billion Kyats for the five years'.

    Financial experts see good prospects for future emergence of stock and share market based on the development of people's interest in investing in the government treasury bonds.

    The buying of the bonds represents a firm and trustable investment as they are issued by banks of the government, experts added.

    The value of the government treasury bonds range from 10,000 Kyats to 10 million Kyats.