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China treasury bond futures open up Monday

Xinhua, April 20, 2015 Adjust font size:

China's treasury bond futures opened higher on Monday, with contract for settlement in June 2015 opening at 97.68 yuan (15.94 U.S. dollars), up 0.38 yuan.

The contract for settlement in September 2015 opened 0.345 yuan higher at 98.2 yuan, and December 2015 opened 0.2 yuan higher at 98.8 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