China treasury bond futures open mixed Thursday

China's treasury bond futures opened mixed on Thursday, with contract for settlement in September opening lower at 93.39 yuan (15.33 U.S. dollars).

The contract for settlement in December opened higher at 93.948 yuan. The contract for March 2015 rose to 94.294 yuan.

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.