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China treasury bond futures open flat Friday

Xinhua, September 2, 2016 Adjust font size:

China's five-year treasury bond futures opened flat on Friday, with the contract for settlement in September 2016 opening flat at 101.8 yuan (about 15.26 U.S. dollars).

The contract for settlement in December 2016 opened almost flat at 101.4 yuan. The contract for settlement in March 2017 opened at 101.1 yuan, almost unchanged from the previous close.

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