BEIJING, June 22 (Xinhua) -- China's treasury bond futures
closed higher on Wednesday, with the contract for settlement in
September 2016 closing 0.02 percent higher at 100.715 yuan (about
15.3 U.S. dollars).
The December 2016 contract closed 0.06 percent higher at 100.36
yuan. The March 2017 contract closed 0.095 percent higher at 100
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. Enditem
(This article is generated by Xinhua News Robot.)
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