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China treasury bond futures open higher Monday

Xinhua, July 6, 2015 Adjust font size:

China's five-year treasury bond futures opened higher on Monday, with contract for settlement in September 2015 opening 0.1 yuan higher at 96.4 yuan (15.8 U.S. dollars).

The contract for settlement in December 2015 opened 0.1 yuan higher at 98.2 yuan, and the March 2016 contract opened 0.4 yuan higher at 98.9.

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