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BEIJING, Dec. 9 (Xinhua) -- China's five-year treasury bond futures opened mixed on Friday. The contract for settlement in March 2017 opened 0.010 percent lower at 99.455 yuan (around 14.4 U.S. dollars). The contract for settlement in June 2017 opened at 99.335 yuan, 0.252 percent higher from the previous close.
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.)
