Markets > Futures

China treasury bond futures open lower Friday

BEIJING
2019-03-01 10:24

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China's five-year treasury bond futures opened lower on Friday, with the contract for settlement in March 2019 having no trading at opening.

The contract for settlement in June 2019 opened 0.04 percent lower at 99.09 yuan (14.8 U.S. dollars). The contract for settlement in September 2019 opened at 98.7 yuan, 0.31 percent lower from the previous close.

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.
 
  (This article is generated by Xinhua News Robot.)
                     
                 
 
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