China treasury bond futures open mixed Monday
China flag
Beijing - XINHUA
China's five-year treasury bond futures opened mixed on Monday, with the contract for settlement in June 2016 opened 0.01 percent lower at 100.99 yuan (about 15.54 U.S. dollars).
The contract for settlement in September 2016 opened 0.02 percent lower at 100.225 yuan. The contract for settlement in December 2016 opened at 99.575 yuan, up by 0.04 percent.
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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