February 13, 2025 03:40 GMT
CHINA: China Futures Moderately Lower as Yields Rally.
CHINA
- Following the outsized moves overnight, China futures drifted moderately lower throughout the day with cash markets stronger.
- China’s 10YR future was the most active opening at 109.20 and after an initial move higher ground lower throughout the trading day to be at 109.135 (-0.065).
- The move lower sees the 10YR future break through the 20-day EMA of 109.16 with the next key technical level the 50-day EMA of 108.61.
- China’s 2YR future was -0.02 lower today at 102.588; having breached the 100-day EMA in yesterday’s session.
- The next key technical level for the 2YR future is the 200-day EMA at 102.37.
- China’s 10YR government bond was stronger today with yields declining -0.05 to 1.62%.
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