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China treasury bond futures open flat Wednesday

Xinhua, June 24, 2015 Adjust font size:

China's five-year treasury bond futures opened up on Wednesday, with contracts for settlement in September opened flat at 96.1 yuan (15.5 U.S. dollars).

The contract for December 2015 also opened flat at 97.9 yuan and the March of 2016 contract had no tradings.

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