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BEIJING, Dec. 28 (Xinhua) -- China's treasury bond futures closed higher on Wednesday, with the contract for settlement in March 2017 closed 0.309 percent higher at 99.010 yuan (about 14.35 U.S. dollars).
The June 2017 contract closed 0.245 percent higher at 98.245 yuan. The September 2017 contract closed 0.159 percent higher at 97.600 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.
(This article is generated by Xinhua News Robot.)
