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China treasury bond futures close lower Friday

Xinhua, November 25, 2016 Adjust font size:

China's treasury bond futures closed lower on Friday, with the contract for settlement in December 2016 closed 0.039 percent lower at 101.320 yuan (about 14.66 U.S. dollars).

The March 2017 contract closed 0.089 percent lower at 100.570 yuan. The June 2017 contract closed 0.105 percent lower at 100.140 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