China’s 10-year treasury futures hit record high amid yield drop

China’s 10-year Treasury futures reached an all-time high in early market activity, coinciding with a decline in the country’s sovereign yields. This development comes as China’s 10-year sovereign yield reached a historic intraday low, suggesting increased demand for government bonds amid ample liquidity. The benchmark yield was reported at approximately 1.62% on November 5, reflecting a decrease of 0.09 percentage points over the previous month. This trend of falling yields and rising futures prices is indicative of stronger demand for Chinese government debt, which could influence global perceptions of risk and yield expectations.

Source: Crypto Briefing