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China treasury bond futures close lower Monday

Xinhua, June 29, 2015 Adjust font size:

China's treasury bond futures closed lower on Monday, with the contract for settlement in September 2015 down 0.26 percent to finish at 95.7 yuan (around 15.62 U.S. dollars).

The December contract lost 0.14 percent to end at 97.5 yuan. The contract for settlement in March 2016 lost 0.24 percent to 97.8 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