China treasury bond futures open flat Tuesday

China's treasury bond futures opened flat on Tuesday, with contract for settlement in June opening flat at 93.1 yuan (about 15.1 U.S. dollars).

The contract for settlement in September opened flat at 93.7 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 and started trading on Sept. 6, 2013.