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China treasury bond futures close lower Thursday

Xinhua, May 26, 2016 Adjust font size:

China's treasury bond futures closed lower on Thursday, with the contract for settlement in June 2016 closed 0.13 percent lower at 101.91 yuan (15.5 U.S. dollars).

The September 2016 contract closed 0.07 percent lower at 100.265 yuan. The December 2016 contract closed 0.03 percent lower at 99.68 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