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China treasury bond futures open higher Tuesday

Xinhua, November 22, 2016 Adjust font size:

China's five-year treasury bond futures opened higher on Tuesday, with the contract for settlement in December opening 0.128 percent higher at 101.395 yuan (about 14.7 U.S. dollars).

The contract for settlement in March 2017 opened 0.055 percent higher at 100.515 yuan. The contract for settlement in June 2017 opened at 100.105 yuan, 0.04 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