At midday, China government bond futures most-active contracts: 2-year (TS) rose 0.02%, 5-year (TF) rose 0.04%, 10-year (T) rose 0.06%, 30-year (TL) rose 0.25%.

China Aerospace Science and Technology Corporation (CASC) First Academy’s research centre and Shanghai Aerospace Electronics said they have completed a functional prototype of a metasurface electromagnetic-control core technology, achieving domestic control and engineering readiness. The groups describe the technology as a core frontier for 6G and LEO satellite interconnect, applicable to commercial satellite communications, 5G/6G mmWave base stations, relays and intelligent sensing. Under equivalent coverage the technology reduces required front-end device counts, increases coverage performance by over 40% and can cut single‑scenario device investment by about CNY 500,000. The teams say mass‑production costs for high‑end satellite and mmWave terminals fall from the tens of thousands of yuan to the thousands‑of‑yuan level, addressing a long‑standing barrier to large‑scale deployment of high‑end communications equipment.

美国10年期国债收益率下跌6个基点，至一个月来的低点4.4197%。