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China treasury bond futures open mixed Wednesday

Xinhua, October 12, 2016 Adjust font size:

China's five-year treasury bond futures opened mixed on Wednesday, with the contract for settlement in December 2016 opening 0.015 percent higher at 101.78 yuan (about 15.1 U.S. dollars).

The contract for settlement in March 2017 opened 0.025 percent lower at 101.46 yuan. The contract for settlement in June 2017 opened at 101.19 yuan, 0.015 percent higher 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