China Treasury Bond Futures Open Higher; 30-Year Main Contract Up 0.10%

The curve-shaped pattern here—gains concentrated at the long end and fading to flat at two years—suggests the move is about duration and growth expectations rather than a broad liquidity impulse. That matters because long-bond futures are where policy and inflation expectations get priced most directly, so a 30-year-led open carries more signal than the small headline number implies. Whether the long end keeps outperforming the short end, or the curve flattens further, is the open question worth watching.