China's treasury bond futures closed mixed on Tuesday, with the contract for settlement in March 2016 closing 0.04 percent higher at 100.56 yuan (about 15.34 U.S. dollars).
The June 2016 contract closed flat at 100.2 yuan. The September 2016 contract dropped 0.09 percent to close at 99.99 yuan. The contracts are agreements to buy or sell treasury bonds at a predetermined price and set date.
They allow investors to bet on or 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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