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China treasury bond futures open lower Wednesday

Xinhua, May 18, 2016 Adjust font size:

China's five-year treasury bond futures opened lower on Wednesday, with the contract for settlement in June 2016 opened 0.074 percent lower at 100.950 yuan (about 15.53 U.S. dollars).

The contract for settlement in September 2016 opened 0.040 percent lower at 100.200 yuan. The contract for settlement in December 2016 opened 0.015 percent lower at 99.600 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