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China treasury bond futures close higher Tuesday

Xinhua, June 2, 2015 Adjust font size:

China's treasury bond futures closed higher on Tuesday, with the contract for settlement in June 2015 up 0.83 percent to finish at 96.2 yuan (around 15.72 U.S. dollars).

The contract for settlement in September gained 0.77 percent to end at 96.2 yuan. The December contract climbed 0.54 percent to 98 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