China Treasury futures close higher, 30-year contract up 0.09%

The move is modest but broad, with gains across every tenor rather than concentrated at the long end, which points to a general bid for duration rather than a single-point trade. The 10-year outperforming the 30-year slightly undercuts any read of a steepening or long-end risk story. For RWA and crypto markets, Chinese government bonds remain a benchmark for offshore yield comparisons, so the direction of travel here matters more than the size. Whether the curve-wide firmness persists into the next session is the open question.