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China treasury bond futures close lower Tuesday

Xinhua, December 22, 2015 Adjust font size:

China's treasury bond futures closed lower on Tuesday, with the contract for settlement in March 2016 down 0.02 percent to close at 100.775 yuan (15.56 U.S. dollars).

The June 2016 contract lost 0.01 percent to close at 100.645 yuan. The September 2016 contract dropped 0.02 percent to 100.65 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.x The treasury bond futures were launched at the Shanghai-based China Financial Futures Exchange and started trading on Sept. 6, 2013. Endi