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China treasury bond futures close lower Tuesday

Xinhua, May 12, 2015 Adjust font size:

China's treasury bond futures closed lower on Tuesday, with the contract for settlement in June 2015 down 0.25 percent to finish at 97.4 yuan (15.92 U.S. dollars).

The contract for settlement in September dropped 0.17 percent to end at 98.1 yuan. The December contract lost 0.09 percent to 99.1 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