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China treasury bond futures open lower Monday

Xinhua, February 6, 2017 Adjust font size:

China's five-year treasury bond futures opened lower on Monday, with the contract for settlement in March 2017 down 0.07 percent at 98.64 yuan (about 14.38 U.S. dollars).

The contract for settlement in June 2017 opened 0.11 percent lower at 97.31 yuan. The contract for settlement in September 2017 opened 0.09 percent lower at 96.71 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