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China treasury bond futures open higher Tuesday

Xinhua, March 24, 2015 Adjust font size:

China's treasury bond futures opened higher on Tuesday, with contract for settlement in June 2015 opening at 98.065 yuan (15.97 U.S. dollars), up 0.105 yuan.

The contract for settlement in September 2015 opened 0.06 yuan higher at 98.410 yuan, and December 2015 opened 0.125 yuan higher at 99.015 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