China's treasury bond futures closed higher on Thursday, with the contract for settlement in September 2015 finishing at 97.03 yuan (15.86 U.S. dollars), up 0.31 yuan. The contract for settlement in December gained 0.2 yuan to end at 98.87 yuan.
The March 2016 contract rose by 0.17 yuan to 99.37 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.
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