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China treasury bond futures open higher Friday

Xinhua, July 3, 2015 Adjust font size:

China's five-year treasury bond futures opened higher on Friday, with contracts for settlement in September opening 0.02 percent up at 95.72 yuan (15.65 U.S. dollars).

The contract for December 2015 opened 0.1 percent higher at 97.68 yuan and the March of 2016 contract opened 0.1 percent higher at 98.18 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