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BEIJING, June 17 (Xinhua) -- China's five-year treasury bond futures opened mixed on Friday, with the contract for settlement in September 2016 opening flat at 100.675 yuan (about 15.3 U.S. dollars).
The contract for settlement in December 2016 opened slightly lower at 100.145 yuan. The contract for settlement in March 2017 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.
