China treasury bond futures close mixed Friday

China's treasury bond futures closed mixed on Friday, with the contract for settlement in September closing 0.1 percent higher at 93.000 yuan (15.11 U.S. dollars).

The contract for settlement in December rose 0.08 percent to close at 93.416 yuan. The contract for settlement in March 2015 fell 0.06 percent to 93.648 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.