China treasury bond futures open higher Monday

China's treasury bond futures opened slightly higher on Monday, with contract for settlement in September opening at 93.328 yuan (15.18 U.S. dollars).

The contract for settlement in December opened flat at 93.84 yuan. The March 2015 contract saw no trading at the opening.

The contracts are agreements to buy or sell 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.