China treasury bond futures close mixed Wednesday

China's treasury bond futures closed mixed on Wednesday, with the contract for settlement in June down 0.17 percent to close at 93.014 yuan (15.2 U.S. dollars).

The contract for settlement in September declined 0.1 percent to close at 93.476 yuan. The contract for December settlement gained 0.04 percent to close at 93.738 yuan.

The contracts are agreements to buy or sell treasury bonds at a predetertreasurymined 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 (CFFEX) and started trading on Sept. 6, 2013.