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BEIJING, Feb. 20 (Xinhua) -- China's five-year treasury bond futures closed higher on Monday, with the contract for settlement in March 2017 up 0.29 percent at 99.965 yuan (about 14.54 U.S. dollars).
The June 2017 contract closed 0.29 percent higher at 98.785 yuan. The September 2017 contract closed 0.35 percent higher at 98.045 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.
