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China treasury bond futures open higher Thursday

Xinhua,December 28, 2017 Adjust font size:

BEIJING, Dec. 28 (Xinhua) -- China's five-year treasury bond futures opened higher on Thursday, with the contract for settlement in March 2018 up 0.01 percent at 96.49 yuan (about 14.75 U.S. dollars).

The contract for settlement in June 2018 opened 0.01 percent higher at 96.8 yuan. The contract for settlement in September 2018 had no trading at opening.

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

(This article is generated by Xinhua News Robot.)

 

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