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China treasury bond futures close mixed Friday

Xinhua, March 31, 2017 Adjust font size:

China's treasury bond futures closed mixed on Friday, with the contract for settlement in June 2017 closing 0.11 percent higher at 99.2 yuan (about 14.4 U.S. dollars).

The September 2017 contract closed 0.04 percent higher at 98.6 yuan. The December 2017 contract had no trading.

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