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Macro

China Treasury Futures Open Higher, 30-Year Main Contract Up 0.15%

China’s treasury futures opened higher on the latest trading session, with the 30-year main contract up 0.15%, the 10-year up 0.08%, the 5-year up 0.04% and the 2-year up 0.01%. The across-the-curve gains reflect firm demand for government bonds at the open.

Original source

AI take

The move is notable less for its size than for its shape: gains taper steadily from the long end to the short end, a curve pattern that points to duration appetite rather than a broad liquidity or policy signal. That distinction matters for anyone reading the open as a directional cue, since the front end is barely moving. Whether the long end holds its lead through the session, or the curve flattens back as short-dated contracts catch up, is the open question worth tracking.

Generated by AI for reference only.

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