TREE NEWS reports: China’s treasury bond futures opened higher, with the 30-year main contract up 0.43%, the 10-year main contract up 0.06%, the 5-year main contract up 0.03%, and the 2-year main contract up 0.01%. The gains were led by the longest-dated contract.
China Treasury Bond Futures Open Higher, 30-Year Contract Up 0.43%
The curve's shape is the story here: the longest-dated contract moved several times more than the short end, a pattern that points to duration demand rather than a broad rates repricing. That distinction matters for anyone tracking where Chinese duration appetite sits, since front-end contracts barely budged. Whether the long-end outperformance persists through the session, or reverses once liquidity thins, is the open question worth watching.
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