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China treasury bond futures open higher Thursday

Xinhua, December 22, 2016 Adjust font size:

China's five-year treasury bond futures opened higher on Thursday, with the contract for settlement in March 2017 opening 0.07 percent higher at 98.825 yuan (about 14.228 U.S. dollars).

The contract for settlement in June 2017 opened 0.02 percent higher at 98.110 yuan. The contract for settlement in September 2017 opened at 97.745 yuan, 0.08 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. Endi