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China treasury bond futures higher Monday

Xinhua, June 13, 2016 Adjust font size:

China's treasury bond futures closed higher on Monday, with the contract for settlement in June 2016 closed 0.089 percent higher at 100.900 yuan (about 15.33 U.S. dollars).

The September 2016 contract closed 0.145 percent higher at 100.340 yuan. The December 2016 contract closed 0.125 percent higher at 99.795 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