The current treasury bond is a 91-day discounted bond. The total face value of the competitive tender for treasury bonds was 35 billion yuan, and additional bids were held for Class A members. The issuance price of treasury bonds is determined through competitive bidding, and the issue is discounted at a price lower than the face value. Treasury bonds will start accruing interest on July 23, 2026, and will be repaid at face value on October 22, 2026.

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