China's Bond Futures Rise 0.3% Amid RMB 2.3 Trillion Liquidity Injection

China's 30-year bond futures saw a 0.3% increase following a significant cash injection by the People's Bank of China. The central bank's liquidity operations led to a substantial net inflow of RMB 2.3 trillion ($325 billion), shifting the money market from a RMB 1.8 trillion deficit to a RMB 0.5 trillion surplus. Additionally, the China Finance Ministry auctioned 10-year bonds at a 2.1217% yield, 1-year bonds at a 1.33% yield, and 30-year special bonds at a 2.3824% yield. As of October 20, localities have issued a total of 3.63 trillion yuan in special bonds, accounting for 93% of the annual quota. The ministry also noted that 2 trillion yuan in special bond funds can be allocated for use within this year.