Chinese sovereign bond markets came under renewed pressure on Monday, with the benchmark 10-year yield climbing to its highest level since April. Traders also pushed the 30-year government bond yield up nearly three basis points to 2.021% while September-delivery 30-year futures slipped around 1%. The move in rates contrasted with a firmer tone in equities. The Shanghai Composite Index rose more than 0.4% at the open and briefly crossed the 3,700 mark. The Shenzhen Component and ChiNext benchmarks added 0.48% and 0.61%, respectively. Hong Kong’s Hang Seng edged up 0.09% and its technology sub-gauge gained 0.4%. Tech sentiment remained particularly strong on the mainland, where the CSI AI Index advanced almost 3%. The divergence between rising bond yields and equity gains highlights shifting investor expectations as the market weighs economic conditions and policy signals in the world’s second-largest economy.