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China treasury bond futures close lower Tuesday

Xinhua, November 29, 2016 Adjust font size:

China's treasury bond futures closed lower on Tuesday, with the contract for settlement in December 2016 closing 0.493 percent lower at 100.9 yuan (about 14.64 U.S. dollars).

The March 2017 contract closed 0.417 percent lower at 100.2 yuan. The June 2017 contract closed 0.464 percent lower at 99.73 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