美国储蓄国债是该国公众为中长期目标进行储蓄的重要投资选择,经过多年的发展与变迁,已趋于成熟稳定。本文从发展变迁的角度分析美国储蓄国债相关经验和做法,对我国储蓄国债相关政策制定具有重要的实践指导意义。文章在大量搜集、整理相关资料的基础上,从产品结构、利率形成、行销渠道和发售目的等四个方面较详细地研究了美国储蓄国债的发展与变迁过程,同时揭示了这些变迁背后的内在逻辑,并以此为落脚点,提出完善我国储蓄国债发展的“两步走”政策建议。 The United States savings bonds are the important investment choices for the public in the country to save for the medium and long-term goals. After many years of development and changes, they have become mature and stable. This article analyzes the experiences and practices of the United States savings bonds from the perspective of development and changes, and has important practical and guiding significance for the formulation of the relevant policies of China’s savings bonds. Based on a great deal of collection and collation of relevant information, the article studies the process of the development and changes of the US savings bonds in detail from the aspects of product structure, interest rate formation, marketing channels and the purpose of offering. The article also reveals the inherent behind these changes Logic, and take this as the foothold, put forward to improve the development of China’s savings bonds “two-step” policy recommendations.