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China treasury bond futures open mixed Thursday

Xinhua, September 8, 2016 Adjust font size:

China's five-year treasury bond futures opened mixed on Thursday.

The contract for settlement in September 2016 has no trading.

The contract for settlement in December 2016 fell by 0.02 yuan to open at 101.205 yuan (about 15.1 U.S. dollars). The contract for settlement in March 2017 gained 0.015 yuan to open at 100.925 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