Core Viewpoint - The Ministry of Finance has announced measures to support the market-making of government bonds, aiming to enhance liquidity in the secondary market and improve the yield curve reflecting market supply and demand [1] Group 1: Market Operations - The Ministry of Finance will conduct market-making support operations for government bonds [1] - The operations will include the issuance of two types of government bonds: the 2025 14th issue and the 2025 15th issue, with operation amounts of 3.3 billion yuan and 2.8 billion yuan respectively [2] - The auction for the 2025 14th issue will take place on October 21 at 11:05, while the 2025 15th issue will be auctioned at 11:35 [2] Group 2: Auction Details - The 2025 14th issue will have a maturity of 5 years, and the 2025 15th issue will have a maturity of 3 years [2] - The price fluctuation limits for the 2025 14th issue and the 2025 15th issue are set at 0.05 yuan and 0.03 yuan respectively, with a maximum price limit of 40 yuan [2]

Group 1 - The core point of the article is that the 2025 book-entry interest-bearing government bonds have completed the bidding process, with a planned issuance of 108 billion yuan and an actual issuance of 108.84 billion yuan [1] - The term of the bonds is 5 years, with a determined coupon rate of 1.55% [1] - Interest on the bonds will start accruing from July 25, 2025, with distribution occurring after the bidding until July 25, and trading will commence on July 29 [1]