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China treasury bond futures open higher Monday

Xinhua, September 26, 2016 Adjust font size:

China's five-year treasury bond futures opened mixed on Monday, with the contract for settlement in December 2016 opened 0.03 percent higher at 101.550 yuan (about 15.22 U.S. dollars).

The contract for settlement in March 2017 opened 0.025 percent higher at 101.250 yuan. The contract for settlement in June 2017 had no trading at opening.

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