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China treasury bond futures open lower Tuesday

Xinhua, November 29, 2016 Adjust font size:

China's five-year treasury bond futures opened lower on Tuesday, with the contract for settlement in December 2016 opening 0.375 percent lower at 101.02 yuan (about 14.63 U.S. dollars).

The contract for settlement in March 2017 opened 0.03 percent lower at 100.59 yuan. The contract for settlement in June 2017 opened at 100.16 yuan, 0.035 percent lower 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 Robot.