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China 2-year treasury bond futures open higher Tuesday

2019-06-04 10:21

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BEIJING, June 4 (Xinhua) -- China's two-year treasury bond futures opened higher on Tuesday, with the contract for June 2019 having no trading at opening.

The contract for settlement in September 2019 opened higher at 99.95 yuan (about 14.5 U.S. dollars), up 0.01 percent. The contract for December 2019 opened higher at 99.76 yuan, up 0.05 percent.

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 Aug. 17, 2018.
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