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China treasury bond futures close higher Monday

Xinhua, October 17, 2016 Adjust font size:

China's treasury bond futures closed higher on Monday, with the contract for settlement in December 2016 closing 0.074 percent higher at 101.880 yuan (about 15.11 U.S. dollars).

The March 2017 contract closed 0.074 percent higher at 101.600 yuan. The June 2017 contract closed 0.049 percent higher at 101.250 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