China treasury bond futures close higher Wednesday
China's treasury bond
Beijing - XINHUA
China's treasury bond futures closed higher on Wednesday, with the contract for settlement in June 2015 up 0.23 percent to finish at 97.5 yuan (around 15.98 U.S. dollars).
The contract for settlement in September gained 0.27 percent to end at 98.2 yuan. The December contract rose 0.41 percent to 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.
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