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, March 31 (UTC+8), the Ministry of Finance released arrangements related to the issuance of key-maturity government bonds, short-term government bonds, ultra-long-term general government bonds, and savings bonds for the second quarter of 2026. From the perspective of key-maturity government bonds, in the second quarter of 2026, 19 key-maturity government bonds will be issued, which is 3 more than the same period in 2025. 10-year government bonds are an important pricing reference for the capital markets; 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 government bond issuance volume in the second quarter, a research report from Zhongji Securities believes that the 2026 deficit ratio target will continue the higher level from 2025. The pace of issuance of government bonds in the first quarter shows a notably front-loaded feature, 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 expansion in volume. A research report from CITIC Futures also believes that government bond supply in the second quarter may still be relatively fast. Market attention is focused on the issuance arrangements for the special government bonds and ultra-long-term special government bonds that have not yet been announced. (Source: Jinshi)