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China treasury bond futures close lower Friday

Xinhua, July 10, 2015 Adjust font size:

China's treasury bond futures closed lower on Friday, with the contract for settlement in September 2015 down 0.22 percent to finish at 96.9 yuan (around 15.89 U.S. dollars).

The contract for settlement in December lost 0.15 percent to end at 98.8 yuan. The March 2016 contract also retreated 0.07 percent to 99.3 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