China treasury bond futures close mixed Wednesday

China's treasury bond futures closed mixed on Wednesday, with the contract for settlement in June closing at 94.066 yuan (15.17 U.S. dollars), down 0.034 yuan.

The contract for settlement in September gained 0.028 yuan to close at 94.492 yuan, while the December contract closed flat at 94.906 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.