Treasury yields are experiencing an upward trend, with the 10-year yield rising by 5 basis points to 4.22%. In China, government bond futures are showing significant gains, with the 30-year futures up 0.58%, the 10-year futures increasing by 0.25%, the 5-year futures rising by 0.18%, and the 2-year futures up by 0.08%. These levels represent the highest since September 30. Additionally, China's 10-year government bond yield has dropped to 2%, nearing a historic low, as traders anticipate further easing of monetary policy by the People's Bank of China (PBOC). The Shanghai Composite Index, Shenzhen Component Index, and Chinext Index all rose by more than 1%, with over 4,500 stocks advancing.