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China treasury bond futures close lower Tuesday

Xinhua, December 27, 2016 Adjust font size:

China's treasury bond futures closed lower on Tuesday, with the contract for settlement in March 2017 closed 0.212 percent lower at 98.730 yuan (about 14.31 U.S. dollars).

The June 2017 contract closed 0.234 percent lower at 97.970 yuan. The September 2017 contract closed 0.266 percent lower at 97.445 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