Core Insights - The Ministry of Finance has announced the issuance of 11 ultra-long-term special government bonds in the third quarter, with specific issuance dates in July, August, and September [1] Group 1: Issuance Schedule - In July, there will be 3 issues, including the first issuance of a 20-year ultra-long-term special government bond on July 14, which is 10 days earlier than originally planned [1] - In August, there will be 4 issues, including a 50-year bond on August 1, and a 30-year bond on August 8, both of which are part of the revised schedule [1] - In September, there will also be 4 issues, including a 50-year bond on September 10, which is 14 days earlier than the original plan [1] Group 2: Comparison with Previous Issuance - The first issuance of ultra-long-term special government bonds this year occurred on April 24, which was significantly earlier than the previous year's first issuance on May 17 [1] - The adjustments in the issuance schedule indicate a proactive approach by the Ministry of Finance to manage government debt [1]

Core Viewpoint - The Ministry of Finance announced the issuance of 57 government bonds in the third quarter of 2025, including 18 key term bonds, 22 short-term discount bonds, 6 savings bonds, and 11 ultra-long-term bonds [1][8]. Group 1: Key Term Bonds - In July, 4 bonds will be renewed and 2 will be newly issued, while 6 bonds will be issued in both August and September, with 2 being new issues each month [1][2]. - The key term bonds include various maturities, with the first issuance scheduled for July 4 and subsequent issuances on July 11, July 24, August 1, August 6, August 8, August 14, August 20, August 22, September 5, September 10, September 12, September 19, and September 26 [2]. Group 2: Short-term Discount Bonds - A total of 7 short-term discount bonds will be issued in July, including 1 each for 28 days and 63 days, 3 for 91 days, and 2 for 182 days [4][5]. - In August, another 7 short-term bonds will be issued, and 8 will be issued in September, with similar maturity structures [4][5]. Group 3: Savings Bonds - In July, 3-year and 5-year electronic savings bonds will be issued, while in August, 3-year and 5-year certificate savings bonds will be issued [6]. - In September, the issuance will return to 3-year and 5-year electronic savings bonds [6]. Group 4: Ultra-long-term Bonds - A total of 11 ultra-long-term bonds will be issued, with new issues for 20-year and 30-year bonds in July, and renewals for 30-year bonds [7]. - In August, there will be renewals for 50-year, 30-year, and 20-year bonds, along with a new 20-year bond [7].

Group 1 - The Ministry of Finance announced the arrangements for the issuance of government bonds in the third quarter of 2025 [1]

Core Insights - Japanese Ministry of Finance officials indicate that investors generally agree with the plan for issuing Japanese government bonds [1] - Some investors have requested the Ministry of Finance to continue considering the repurchase of government bonds [1]

智通财经6月19日电，日本将在2025/2026财年将预定的国债销售较最初计划削减5000亿日元至171.8万 亿日元，将20年期和30年期国债的发行量分别削减9000亿日元，分别降至11.1万亿日元和8.7万亿日元。 ...

Core Points - The third re-issuance of the 2025 book-entry interest-bearing government bonds has been completed, with a planned re-issuance of 170 billion yuan and an actual re-issuance of 170.33 billion yuan [1] - The determined re-issuance price is 100.57 yuan, which corresponds to an annual yield of 1.43% [1] - The re-issuance portion will be distributed from the end of the bidding until June 19, and will be merged with the original issuance of 396.51 billion yuan for trading starting June 23 [1]

财政部拟发行2025年记账式贴现（三十五期）国债。本期国债为期限182天的贴现债。本期国债竞争性 招标面值总额550亿元，进行甲类成员追加投标。本期国债发行价格通过竞争性招标确定，以低于票面 金额的价格贴现发行。 ...

日本将于6月5日发行8000亿日元30年期国债。 ...

智通财经5月20日电，日本40年期国债收益率上涨10个基点，此前30年期国债发行表现疲软。 ...

财政部拟发行2025年记账式贴现（三十期）国债，本期国债为期限182天的贴现债，竞争性招标面值总 额550亿元，进行甲类成员追加投标；本期国债发行价格通过竞争性招标确定，以低于票面金额的价格 贴现发行；招标时间为2025年5月21日上午10:35至11:35。 ...