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China treasury bond futures open mixed Tuesday

Xinhua, December 27, 2016 Adjust font size:

China's five-year treasury bond futures opened mixed on Tuesday, with the contract for settlement in March 2017 opening 0.005 percent higher at 98.945 yuan (about 14.24 U.S. dollars).

The contract for settlement in June 2017 opened 0.005 percent higher at 98.205 yuan. The contract for settlement in September 2017 opened at 97.660 yuan, 0.046 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 Robo