TREE NEWS reports: China’s treasury futures opened higher on Tuesday, with the 30-year main contract up 0.04%, the 10-year up 0.02%, the 5-year up 0.02%, and the 2-year up 0.01%, reflecting mild risk-off sentiment in the bond market.
China Treasury Futures Open Higher Across Tenors
The broad but modest gains across all tenors signal a coordinated bid for duration rather than a sharp flight to safety, which could reflect expectations of continued policy accommodation or a temporary lull in equity risk appetite. The uniformity of the moves—led by the 30-year—suggests positioning is more about curve steepening or hedge demand than a fundamental repricing of growth or inflation. For market watchers, the key is whether this mild risk-off tone persists into the session and whether longer-dated outperformance continues, as that would indicate sustained demand for long-end exposure amid thin liquidity.
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