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China treasury bond futures open higher Thursday

Xinhua, December 29, 2016 Adjust font size:

China's five-year treasury bond futures opened higher on Thursday, with the contract for settlement in March 2017 opening 0.020 percent higher at 98.950 yuan (about 14.34 U.S. dollars).

The contract for settlement in June 2017 opened 0.102 percent higher at 98.245 yuan. The contract for settlement in September 2017 opened at 97.990 yuan, 0.400 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. Enditem

(This article is generated by Xinhua News Robo