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China treasury bond futures open lower Wednesday

2018-10-24 10:22

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China's five-year treasury bond futures opened lower on Wednesday, with the contract for settlement in December 2018 opening 0.01 percent lower at 98.09 yuan (about 14.22 U.S. dollars).

The contract for settlement in March 2019 and in June 2019 both had no trading at opening.

The contracts are agreements to buy or sell treasury bonds at a predetermined price on a 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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