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China treasury bond futures close mixed Monday

Xinhua,December 18, 2017 Adjust font size:

BEIJING, Dec. 18 (Xinhua) -- China's treasury bond futures closed mixed Monday, with the contract for settlement in March 2018 down 0.01 percent to 96.42 yuan (14.57 U.S. dollars).

The contract for settlement in June 2018 closed 0.06 percent lower at 96.75 yuan. The contract for settlement in September 2018 closed 0.75 percent higher at 97.61 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. Enditem