China Treasury Futures Close Mixed; 30-Year Contract Up 0.15%

The divergence across China's treasury futures curve points to a market positioning for a longer-duration view while keeping shorter tenors anchored. The 30-year contract's gain, against flat 10-year and marginally lower 5- and 2-year contracts, suggests a modest steepening bias rather than a broad directional move. For RWA and crypto market observers, this is a reminder that China's rates curve remains a key macro signal, though the moves are small. Whether this curve shape persists into the next session is the open question.