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 announcements regarding the issuance arrangements for 2026 Q2 benchmark maturities Treasury bonds, short-term Treasury bonds, ultra-long-term general Treasury bonds, and savings Treasury bonds. Looking at the benchmark maturities Treasury bonds, 19 benchmark maturities Treasury bonds will be issued in 2026 Q2, which is 3 more than the same period in 2025. The 10-year Treasury bond is an important pricing reference for the capital market. In 2026 Q2, 6 10-year Treasury bonds will be issued, which is 1 more than the same period in 2025. Regarding Treasury bond issuance volume in Q2, a research report from China Post Securities believes that the 2026 deficit ratio target continues the relatively high level of 2025; the pace of issuance of Treasury bonds in Q1 shows a notable front-loaded characteristic, similar to the same period last year. Based on the assumption of stronger efforts early on, Treasury bond issuance in Q2 is expected to see increased issuance volume. A research report from CITIC Futures also suggests that Treasury bond supply in Q2 may still be on the faster side. The issuance arrangements for the special Treasury bonds and ultra-long-term special Treasury bonds that have not yet been announced have drawn market attention. (Source: Jinshi)