The arrangements for second-quarter government bond issuance have been announced. Institutions believe that issuance in the second quarter is expected to increase significantly.

Ask AI · What market concerns will be triggered by the lack of a disclosed plan for special government bond issuance?

【Publication of the government bond issuance arrangements for the second quarter; institutions believe issuance in the second quarter is expected to pick up】Cailian News on March 31 reported: The Ministry of Finance has released the issuance arrangements for key-maturity government bonds, short-term government bonds, very long-term general government bonds, and savings bonds for the second quarter of 2026. From the perspective of key-maturity government bonds, 19 key-maturity government bonds will be issued in the second quarter of 2026, three more than in the same period of 2025. The 10-year government bond is an important benchmark for pricing in the capital markets; in the second quarter of 2026, six 10-year government bonds will be issued, one more than in the same period of 2025. Regarding the size of government bond issuance in the second quarter, a research report from Citic Securities’ Zhongji Securities said that the 2026 fiscal deficit ratio target continues the relatively high level of 2025; the issuance schedule for government bonds in the first quarter showed a notably front-loaded feature, similar to the same period last year. Based on the assumption of pushing efforts ahead of schedule, government bond issuance in the second quarter is expected to see an upswing. A research report from Citic Futures also said that government bond supply in the second quarter may still be relatively fast. The market is paying attention to the issuance arrangements for the special government bonds and very long-term special government bonds that have not yet been announced. (China Securities Taurus)