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China treasury bond futures close lower Monday

Xinhua, March 28, 2016 Adjust font size:

China's treasury bond futures closed lower on Monday, with the contract for settlement in June 2016 finishing 0.05 percent lower at 100.71 yuan (15.44 U.S. dollars).

The September 2016 contract closed 0.04 percent lower at 100.25 and the December 2016 contract edged down 0.04 percent to close at 99.9 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