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China treasury bond futures higher Friday

Xinhua, July 1, 2016 Adjust font size:

China's treasury bond futures closed higher on Friday, with the contract for settlement in September 2016 closing 0.149 percent higher at 101.155 yuan (about 15.5 U.S. dollars).

The December 2016 contract closed 0.154 percent higher at 100.715 yuan. The March 2017 contract closed 0.115 percent higher at 100.41 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 Robot.)