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China treasury bond futures close higher Monday

Xinhua, September 26, 2016 Adjust font size:

China's treasury bond futures closed higher on Monday, with the contract for settlement in December 2016 closed 0.054 percent higher at 101.575 yuan (about 15.23 U.S. dollars).

The March 2017 contract closed 0.069 percent higher at 101.295 yuan. The June 2017 contract closed 0.064 percent higher at 100.990 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