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China treasury bond futures open flat Friday

Xinhua, August 14, 2015 Adjust font size:

China's five-year treasury bond futures opened flat on Friday, with contract for settlement in September opening unchanged at 96.6 yuan (15.09 U.S. dollars).

The contract for settlement in December opened flat at 98.3 yuan and the March 2016 contract had no trading at opening.

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