China treasury bond futures open mixed Friday
Xinhua, June 26, 2015 Adjust font size:
China's five-year treasury bond futures opened mixed on Friday, with contracts for settlement in September opened 0.02 percent lower at 96 yuan (15.7 U.S. dollars).
The contract for December 2015 and the March 2016 contract stayed flat at 97.7 yuan and 98.1 yuan, respectively.
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