China's treasury bond futures closed mixed on Wednesday, with the contract for settlement in March 2018 closing 0.03 percent higher at 96.6 yuan (15.26 U.S. dollars).
The June 2018 contract for settlement edged up 0.02 percent to 96.55 yuan. The September 2018 contract closed 0.03 percent lower at 96.58 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.
The June 2018 contract for settlement edged up 0.02 percent to 96.55 yuan. The September 2018 contract closed 0.03 percent lower at 96.58 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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