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China treasury bond futures close lower Wednesday

Xinhua, October 26, 2016 Adjust font size:

China's treasury bond futures closed lower on Wednesday, with the contract for settlement in December 2016 down 0.14 percent lower at 101.69 yuan (15.02 U.S. dollars).

The March 2017 contract closed 0.15 percent lower at 101.31 yuan. The June 2017 contract closed 0.19 percent lower at 101.01 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