China government bond futures main contracts at the morning open: 2-year (TS) unchanged; 5-year (TF) down 0.05%; 10-year (T) down 0.08%; 30-year (TL) ...

On June 10, 2026, China government bond futures opened mixed in early trading, with the 2-year (TS) contract unchanged at the open. Meanwhile, the 5-year (TF) contract declined by 0.05%, the 10-year (T) contract fell by 0.08%, and the 30-year (TL) contract dropped more sharply by 0.27%. The performance of the longer-dated contracts suggests investor caution amid evolving macroeconomic expectations and potential shifts in monetary policy. The 2-year contract's stability may reflect relative confidence in short-term economic conditions or policy continuity. The decline in longer-term contracts could indicate rising yields expectations or a shift in demand for longer-duration assets. Investors are closely monitoring developments in China's economic data and policy responses, which continue to shape fixed-income market dynamics. The morning open highlights the sensitivity of bond futures to macroeconomic signals and policy outlooks, with the 30-year contract showing the most pronounced movement. Market participants are advised to remain attentive to central bank communications and economic releases for further directional cues.