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China treasury bond futures open higher Wednesday

2014-06-04 10:37 Xinhua Web Editor: Qin Dexing
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China's treasury bond futures opened higher on Wednesday, with contract for settlement in June opening 0.3 yuan higher at 94.5 yuan (15.32 U.S. dollars).

The contract for settlement in September opened flat at 94.7 yuan, while the December contract was up by 0.1 yuan to open at 95.1 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.

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