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China treasury bond futures close higher Thursday

Xinhua, January 12, 2017 Adjust font size:

China's treasury bond futures closed higher on Thursday, with the contract for settlement in March 2017 closing 0.05 percent higher at 99.46 yuan (about 14.31 U.S. dollars).

The June contract closed 0.05 percent higher at 98.63 yuan. The September contract closed 0.16 percent higher at 98.2 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. Endi