China treasury bond futures open lower Thursday

BEIJING, Jan. 4 (Xinhua) -- China's five-year treasury bond futures opened lower on Thursday, with the contract for settlement in March down 0.06 percent at 96.24 yuan (14.8 U.S. dollars).

The contract for settlement in June opened 0.1 percent lower at 96.51 yuan. The contract for settlement in September had no trading at the 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.)