China treasury bond futures open higher Tuesday

China's treasury bond futures opened slightly higher on Tuesday, with contract for settlement in September opening 0.1 yuan higher at 94.8 yuan (15.41 U.S. dollars).

The December contract opened 0.1 yuan higher at 95.1 yuan. The March 2015 contract saw no trading at the opening.

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.