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China treasury bond futures open mixed Tuesday

Xinhua, April 12, 2016 Adjust font size:

China's five-year treasury bond futures opened lower Tuesday. The contract for settlement in June 2016 opened 0.025 yuan higher at 101.065 yuan (about 15.64 U.S. dollars).

The contract for settlement in September 2016 opened flat at 100.25 yuan. The contract for settlement in December 2016 opened 0.045 yuan lower at 99.755 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