China treasury bond futures open higher Monday

China's treasury bond futures opened higher on Monday, with contract for settlement in June opening 0.08 yuan higher at 93.028 yuan (15.09 U.S. dollars).

The contract for settlement in September went up 0.1 yuan to open at 93.6 yuan. The contract for settlement in December gained 0.14 yuan to open at 93.896 yuan.

The contracts are agreements to buy or sell treasury bonds at a predetermined price and set date. They allow investors to bet on or 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.