政府债发行追踪(2025年第53周)

Group 1: Investment Ratings - No investment ratings are provided in the report. Group 2: Core Views - The report tracks the issuance of government bonds in the 53rd week of 2025, presenting the issuance progress, weekly issuance amounts, and planned issuance amounts of various types of bonds [1][3]. Group 3: Summary by Bond Type New Special-Purpose Bonds - As of December 31, the issuance progress of new special-purpose bonds was 104.4% [3]. - This week, 14.5 billion yuan of new special-purpose bonds were issued, a 12.5 billion yuan increase from the previous week, and 87.4 billion yuan is planned to be issued next week [3]. - In December, a total of 134.9 billion yuan of new special-purpose bonds were issued [4]. New General Bonds - As of December 31, the issuance progress of new general bonds was 96.3% [8]. - This week, 0 yuan of new general bonds were issued, unchanged from the previous week, and 1 billion yuan is planned to be issued next week [7]. - In December, a total of 38.4 billion yuan of new general bonds were issued [5]. Local Government Bonds - This week, the net financing scale of local government bonds was 1.74 billion yuan, a 2.06 billion yuan increase from the previous week, and 11.77 billion yuan is planned to be net - financed next week [9]. - As of December 31, the issuance progress of new local government bonds was 103.1% [10]. Treasury Bonds - This week, the net financing scale of treasury bonds was 0 yuan, a 178 billion yuan decrease from the previous week, and 395 billion yuan is planned to be net - financed next week [13]. - As of December 31, the net financing progress of treasury bonds was 98.2% [14]. Government Bonds - This week, the net financing scale of government bonds was 1.74 billion yuan, a 157.4 billion yuan decrease from the previous week, and 512.7 billion yuan is planned to be net - financed next week [15]. - As of December 31, the combined progress of treasury bond net financing and new local government bond issuance was 100.4% [15].