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China treasury bond futures close flat Friday

Xinhua, March 18, 2016 Adjust font size:

China's treasury bond futures closed flat on Friday, with the contract for settlement in June 2016 finishing unchanged at 100.655 yuan (15.57 U.S. dollars).

The September 2016 and December 2016 contract also ended almost flat, at 100.22 yuan and 99.9 yuan respectively.

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