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China treasury bond futures open mixed Wednesday

Xinhua, May 17, 2017 Adjust font size:

China's five-year treasury bond futures opened mixed on Wednesday, with the contract for settlement in June 2017 opening 0.1 percent higher at 97.1 yuan (about 14.15 U.S. dollars).

The contract for settlement in September 2017 opened 0.07 percent lower at 97.275 yuan. The contract for settlement in December 2017 opened at 97.33 yuan, 0.14 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. Endi