--- title: "The entire market is scrambling for 30-year Treasury bonds, and there is still a potential recovery space of over 20 basis points at the ultra-long end" type: "News" locale: "en" url: "https://longbridge.com/en/news/282522320.md" description: "On April 13th, demand for 30-year Treasury bonds surged, with funds flowing to the long end. Data shows that the yield on 30-year Treasury bonds fell to 2.31%, while the 10-year Treasury bond yield was 1.81%. Short-end rates generally rose, steepening the yield curve. Traders pointed out that funds are shifting from the medium-short end to the ultra-long end, with potential recovery space for 30-year Treasury bonds exceeding 20 basis points. Market risks need to be approached with caution" datetime: "2026-04-13T09:54:13.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/282522320.md) - [en](https://longbridge.com/en/news/282522320.md) - [zh-HK](https://longbridge.com/zh-HK/news/282522320.md) --- # The entire market is scrambling for 30-year Treasury bonds, and there is still a potential recovery space of over 20 basis points at the ultra-long end On April 13, according to Caixin, traders stated, "The entire market is scrambling for 30-year Treasury bonds." Recently, the bond market has shown a characteristic of "abandoning the short end and chasing the long end." Data from the past week (April 7 to 10) indicates that the valuation yield of 30-year Treasury bonds fell by 6.7 basis points to 2.31%, while the yield on 10-year Treasury bonds was 1.81%. Except for the 1-year Treasury bond, which fell by more than 2 basis points, all other short-end rates rose during the week, quickly correcting the steepening yield curve. On the morning of April 13, Treasury futures contracts saw an increase in trading volume again after last week's end, with the proportion of active buying in the 30-year cash bonds significantly rising, with over a hundred transactions within 15 minutes. Trading data shows that on April 10, the main contract for 30-year Treasury futures TL opened with a transaction of 1,623 lots, increasing positions by 704 lots, indicating a large influx of funds. The 10-year T contract had a total of 1,226 lots traded, while the 5-year TF contract had 1,076 lots traded. From 9:45 to 10:00 on April 13, the TL, T, and TF Treasury futures contracts again saw an increase in trading volume, with the main contract for the 10-year rising from 108.26 to 108.38, and the yield on 30-year cash bonds dropping from above 2.30% to 2.294%. According to the Guosheng fixed income team’s calculations, if the curve returns to the average since 2021, the yield on the 10-year Treasury bond is expected to fall to around 1.70%, while the 30-year Treasury bond may drop to 2.1%, corresponding to a potential recovery space of over 20 basis points at the ultra-long end. A fixed income trader from a public fund in Shanghai stated that large funds are moving in bulk from the crowded short to medium end to the ultra-long end, with sell orders quickly being executed after being placed, making it difficult to buy back 30-year Treasury bonds after selling. Disclaimer: The market has risks, and investment requires caution. This article is generated by AI based on third-party data for reference only and does not constitute personal investment advice ### Related Stocks - [02817.HK](https://longbridge.com/en/quote/02817.HK.md) - [511130.CN](https://longbridge.com/en/quote/511130.CN.md) - [09829.HK](https://longbridge.com/en/quote/09829.HK.md) - [82829.HK](https://longbridge.com/en/quote/82829.HK.md) - [82817.HK](https://longbridge.com/en/quote/82817.HK.md) - [09817.HK](https://longbridge.com/en/quote/09817.HK.md) - [511090.CN](https://longbridge.com/en/quote/511090.CN.md) - [02829.HK](https://longbridge.com/en/quote/02829.HK.md) ## Related News & Research - [TREASURIES-Yields rise as Iran tensions push oil prices higher ahead of Fed decision](https://longbridge.com/en/news/284587733.md) - [TREASURIES-US bonds climb on growth fears as war grinds into fifth week](https://longbridge.com/en/news/281045335.md) - [TREASURIES-US bonds flat, rebound from early losses as safe-haven bids kick in](https://longbridge.com/en/news/282562764.md) - [CANADA FX DEBT - Canadian dollar weakens, benchmark yield climbs](https://longbridge.com/en/news/280634936.md) - [TREASURIES-US yields dip after data with Middle East in focus](https://longbridge.com/en/news/282240621.md)