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China treasury bond futures open higher Friday

Xinhua, March 20, 2015 Adjust font size:

China's treasury bond futures opened higher on Friday, with contract for settlement in June 2015 opening at 98.2 yuan (16 U.S. dollars), up 0.2 percent.

The contract for settlement in September 2015 opened higher at 98.7 yuan while the contract for settlement in December 2015 went up to 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