China Treasury Bond Futures Open Mixed, 30-Year Contract Up 0.08%

The curve's shape is the story here: gains concentrated at the long end while the front end sits flat suggest positioning around duration rather than a uniform rates move. That divergence matters for anyone watching China's rates complex as a read on growth and policy expectations, since long-end futures tend to carry the sharper signal. Whether the 30-year contract holds its opening edge or fades into the session is the open question.