China treasury bond futures open lower Friday
Xinhua, June 19, 2015 Adjust font size:
China's five-year treasury bond futures opened mixed on Friday, with contract for settlement in September 2015, the most actively traded, opening flat at 96.48 yuan (15.76 U.S. dollars).
The contract for settlement in December 2015 opened unchanged at 98.205 yuan, and the contract in March 2016 opened 0.03 percent lower at 98.61 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