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China treasury bond futures close lower Friday

Xinhua, May 13, 2016 Adjust font size:

China's treasury bond futures closed lower on Friday, with the contract for settlement in June 2016 closed 0.02 percent down at 101.165 yuan (15.51 U.S. dollars).

The September 2016 contract closed 0.06 percent lower at 100.355 yuan. The December 2016 contract closed 0.01 percent lower at 99.765 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. Enditem

(This article is generated by Xinhua News Robo