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BEIJING, Jan. 3 (Xinhua) -- China's five-year treasury bond futures opened higher on Tuesday, with the contract for settlement in March opening 0.04 percent higher at 99.395 yuan (about 14.3 U.S. dollars).
The contract for settlement in June opened 0.11 percent higher at 98.65 yuan. The contract for settlement in September had no trading at the opening.
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.)
