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

ME News message: On March 31 (UTC+8), the Ministry of Finance released plans for the issuance of key-maturity government bonds, short-term government bonds, ultra-long-term general government bonds, and savings government bonds for the second quarter of 2026. Judging from key-maturity government bonds, the second quarter of 2026 will issue 19 key-maturity government bonds, which is 3 more than the same period in 2025. The 10-year government bond is an important pricing benchmark for the capital market; in the second quarter of 2026, 6 10-year government bonds will be issued, which is 1 more than the same period in 2025. Regarding the bond issuance volume in the second quarter, a research report from CITIC Securities believes that the 2026 fiscal deficit ratio target continues the higher level from 2025. The pace of government bond issuance in the first quarter shows a clear front-loaded characteristic, similar to the same period last year. Based on the assumption of stronger efforts early on, government bond issuance in the second quarter is expected to see an increase in issuance scale. A research report from CITIC Futures also holds that government bond supply in the second quarter may still be relatively fast. The issuance plans for the yet-to-be-announced special government bonds and ultra-long-term special government bonds have attracted market attention. (Source: Jinshi)