China treasury bond futures close mixed Tuesday

China's treasury bond futures closed mixed on Tuesday, with the contract for settlement in June closing at 94.1 yuan (15.31 U.S. dollars), up 0.05 percent.

The contract for settlement in September closed 0.11 percent lower at 94.4 yuan, while the December contract was slightly up by 0.01 percent to finish at 94.9 yuan.

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