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BEIJING, Nov. 7 (Xinhua) -- China's treasury bond futures closed lower on Monday, with the contract for settlement in December 2016 closed 0.132 percent lower at 101.770 yuan (about 15.03 U.S. dollars).
The March 2017 contract closed 0.128 percent lower at 101.340 yuan. The June 2017 contract closed 0.109 percent lower at 101.025 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.
(This article is generated by Xinhua News Robot.)
