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China treasury bond futures close higher Monday

Xinhua, September 14, 2015 Adjust font size:

China's treasury bond futures closed higher Monday, with the contract for settlement in December up 0.1 percent to finish at 98.8 yuan (15.51 U.S. dollars).

The contract for settlement in March 2016 gained 0.08 percent to end at 98.8 yuan. The June contract stayed at 98.7 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