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China treasury bond futures open lower Friday

Xinhua, December 4, 2015 Adjust font size:

China's five-year treasury bond futures opened lower on Friday, with the contract for settlement in December having no trading at the opening.

The contract for settlement in March 2016 opened flat at 100.1 yuan (about 15.68 U.S. dollars). The contract for settlement in June 2016 was down 0.01 percent to open at 99.905 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