China treasury bond futures dip on Thursday

China's treasury bond futures fell modestly on Thursday, with the contract for settlement in September down 0.32 percent to close at 92.904 yuan (15.09 U.S. dollars).

The contract for settlement in December dipped 0.21 percent to close at 93.338 yuan. The contract for settlement in March 2015 slipped 0.21 percent to 93.700 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 and started trading on Sept. 6, 2013.