China treasury bond futures close mixed Monday
China treasury
BEIJING - Xinhua
China's treasury bond futures closed mixed on Monday, with the contract for settlement in June 2016 closing flat at 101 yuan (15.54 U.S. dollars).
The September 2016 contract closed flat at 100.3 yuan and the December 2016 contract edged down 0.01 percent to close at 99.8 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.
Source: Xinhua
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