China treasury bond futures open mixed Tuesday

China's treasury bond futures opened mixed on Tuesday, with contract for settlement in June opening at 92.91 yuan (15.08 U.S. dollars), down 0.018 yuan.

The contract for settlement in September went up 0.002 yuan to open at 93.478 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.