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China treasury bond futures close higher Friday

Xinhua, October 14, 2016 Adjust font size:

China's treasury bond futures closed higher on Friday, with the contract for settlement in December 2016 closing 0.034 percent higher at 101.81 yuan (about 15.13 U.S. dollars).

The March 2017 contract closed 0.03 percent higher at 101.525 yuan. The June 2017 contract closed 0.015 percent higher at 101.2 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. Enditem

(This article is generated by Xinhua News Robo