China treasury bond futures close higher Tuesday

China's treasury bond futures closed mostly higher on Tuesday, with the contract for settlement in September rising 0.002 yuan to close at 93.036 yuan (15.1 U.S. dollars).

The contract for settlement in December rose 0.018 yuan to close at 93.484 yuan. The contract for settlement in March 2015 climbed 0.034 yuan end at to 93.832 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.