Core Viewpoint - The Ministry of Finance plans to issue two series of discount treasury bonds for 2026, indicating ongoing government efforts to manage public debt and finance operations [1] Group 1: Bond Issuance Details - The first series of treasury bonds is a 182-day discount bond with a total competitive bidding face value of 40 billion yuan, with no additional bidding from Class A members [1] - The issuance price will be determined through competitive bidding, issued at a discount to the face value, with interest starting from January 7, 2026, and maturing on July 8, 2026 [1] - The second series is a 28-day discount bond with a total competitive bidding face value of 30 billion yuan, also with no additional bidding from Class A members [1] - Similar to the first series, the issuance price will be determined through competitive bidding, with interest starting from January 7, 2026, and maturing on February 4, 2026 [1] Group 2: Auction Timing - The auction for both series of bonds is scheduled for January 6, 2026, from 10:35 AM to 11:35 AM [1]

Group 1 - The Ministry of Finance plans to issue a 28-day discount treasury bond (Phase II) for 2026 with a total competitive bidding face value of 30 billion yuan [1] - The issuance price of the treasury bond will be determined through competitive bidding at a discount to the face value [1] - The bond will start accruing interest on January 7, 2026, and will be repaid at face value on February 4, 2026, with the repayment date adjusted for holidays [1] Group 2 - The bidding time for the treasury bond is set for January 6, 2026, from 10:35 AM to 11:35 AM [1]

Core Viewpoint - The Ministry of Finance plans to issue a 28-day discount treasury bond (Phase II) for 2026, with a total competitive bidding face value of 30 billion yuan [1] Group 1 - The bond will be issued at a price below its face value through competitive bidding [1] - Interest on the bond will start accruing from January 7, 2026, and it will be repaid at face value on February 4, 2026, with adjustments for holidays [1] - The bidding time is set for January 6, 2026, from 10:35 AM to 11:35 AM [1]