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China treasury bond futures open mixed Tuesday

Xinhua, June 23, 2015 Adjust font size:

China's five-year treasury bond futures opened mixed on Tuesday, with contracts for settlement in September opened 0.08 percent lower at 96.13 yuan (15.7 U.S. dollars).

The contract for December 2015 opened 0.08 percent lower at 97.9 yuan and the March of 2016 contract stayed flat.

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