Institutional demand supports strong rebound in 30-year treasury futures

Supported by the combined effect of the support for the configuration requirements and foreign capital inflows, the treasury futures market has recently shown significant strength, with the performance of ultra-long-end varieties being particularly outstanding. The 30-year treasury futures main contract rebounded significantly and hit a new high since the beginning of the year. The market's attention to the renminbi's safe-haven properties has also increased. However, several institutions have warned that, as policy expectations stabilize and previous logic is gradually digested, the bond market is unlikely to form a one-sided trend in the short term. The market may continue to fluctuate and wait for a new pricing theme in the future.