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China treasury bond futures close higher Wednesday

Xinhua, February 22, 2017 Adjust font size:

China's five-year treasury bond futures closed higher on Wednesday, with the contract for settlement in March 2017 up 0.11 percent at 100.01 yuan (about 14.53 U.S. dollars).

The June 2017 contract closed 0.3 percent higher at 98.83 yuan. The September 2017 contract closed 0.27 percent higher at 97.98 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