China treasury bond futures open higher Tuesday

China's treasury bond futures opened higher on Tuesday, with contract for settlement in June opening at 94.292yuan, up 0.212 yuan.

The contract for settlement in September opened higher at 94.612 yuan; the December contract opened higher at 95 yuan.

The contracts are agreements to trade 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.