TREE NEWS reports: China’s treasury futures opened higher across the curve, with the 30-year main contract up 0.13%, the 10-year up 0.01%, the 5-year up 0.02% and the 2-year up 0.01%. The modest gains spanned all four tenors at the open.
China Treasury Futures Open Higher, 30-Year Contract Up 0.13%
The curve-wide move, however modest, matters more than the size of any single contract: gains appearing simultaneously across tenors suggest a broad repricing of rate expectations rather than a trade confined to the long end. The 30-year leading while shorter tenors barely move points to duration demand rather than a front-end liquidity story. Whether that long-end bias persists through the session, or flattens as shorter contracts catch up, is the open question worth watching.
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