China Bond Futures Close Mixed; 30-Yr Down 0.06%

The divergence between the long end and shorter tenors suggests investors are cautiously pricing duration risk while the curve's front end holds steady. This mixed close, though modest in size, points to a market in consolidation rather than a directional shift. Whether the 30-year's softness persists or is shrugged off in coming sessions will signal if longer-dated supply or macro concerns are gaining traction. The uniformity of the small gains across shorter maturities also hints at a wait-and-see stance among market participants.