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China treasury bond futures open higher Thursday

Xinhua, July 23, 2015 Adjust font size:

China's five-year treasury bond futures opened higher on Thursday, with contract for settlement in September 2015 opening at 97.045 yuan (15.86 U.S. dollars), up 0.12 points.

The contract for settlement in December 2015 opened 0.115 points higher at 98.88 yuan and that for settlement in March 2016 opened 0.16 points higher at 99.395 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