China Treasury Futures Close Slightly Higher Across Curve

The uniformity of the move — gains tapering neatly from the long end to the short end — points to a mild, broad-based easing in yield expectations rather than a directional bet on any single tenor. That the 30-year led, even by a hair, suggests some appetite for duration risk, though the increments are small enough to read as positioning noise as much as conviction. For rates-sensitive sectors and cross-asset watchers, the open question is whether this shallow curve-wide firmness persists into the next session or fades as quickly as it appeared.