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China treasury bond futures open mixed Wednesday

Xinhua, March 18, 2015 Adjust font size:

China's treasury bond futures opened mixed on Wednesday, with contract for settlement in June 2015 opening flat at 98.4 yuan (16.0 U.S. dollars).

The contract for settlement in September 2015 opened lower at 98.7 yuan, and the contract for settlement in December 2015 opened lower at 99.2 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