2-year bond futures (TS) main contract up 0.01%; 5-year (TF) up 0.03%; 10-year (T) up 0.06%; 30-year (TL) up 0.35% at the morning open.

日本央行審議委員小枝淳子：在考慮貨幣政策立場時，一個討論主題是人工智能是否支持投資以彌補勞動力短缺以及提高生產力的努力。

Market reports said some provinces told small and medium-sized banks to keep financial-investment growth no faster than loan growth and to limit new-bond duration to no longer than existing holdings. People familiar with the matter said Chinese regulators have not issued a nationwide mandate; bond purchases and duration choices remain within banks’ asset-liability management discretion, though institutional constraints apply. Another source said interest-rate risk levels and risk management are subject to explicit rules and local supervisors carry out routine risk monitoring and reminders for institutions in their jurisdictions.