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China treasury bond futures close higher Wednesday

Xinhua, April 15, 2015 Adjust font size:

China's treasury bond futures closed higher on Wednesday, with the contract for settlement in June 2015, up 0.23 percent to finish at 97.175 yuan (15.84 U.S. dollars).

The contract for settlement in September added 0.25 percent to 97.64 yuan while the contract for settlement in December climbed 0.33 percent to close at 98.45 yuan.

The contracts are agreements to buy or sell treasury bonds at a predetermined price and set date. They allow investors to bet on and 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