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China treasury bond futures close lower Monday

Xinhua, November 14, 2016 Adjust font size:

China's treasury bond futures closed lower on Monday, with the contract for settlement in December 2016 closing 0.118 percent lower at 101.505 yuan (about 14.85 U.S. dollars).

The March 2017 contract closed 0.124 percent lower at 100.765 yuan. The June 2017 contract closed 0.119 percent lower at 100.42 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 Robot