China treasury bond futures open lower Friday
Xinhua, February 27, 2015 Adjust font size:
China's treasury bond futures opened lower on Friday, with contract for settlement in March 2015 opening at 98.568 yuan (16.05 U.S. dollars), down 0.048 yuan.
The contract for settlement in June 2015 opens 0.046 yuan lower at 99.102 yuan, and September 2015 opens 0.182 yuan lower at 99.566 yuan.
The contracts are agreements to buy or sell treasury bonds at a predetermined price and set date. They allow investors to bet on or profit from the movements in the value of the bonds.
The treasury bond futures were launched at the Shanghai-based China Financial Futures Exchange and started trading on Sept. 6, 2013. Endi