China treasury bond futures close mixed Monday

China's thinly traded treasury bond futures closed mixed on Monday, with the contract for settlement in September closing 0.04 percent lower at 93.332 yuan (15.13 U.S. dollars).

The contract for settlement in December added 0.01 percent to close at 93.74 yuan. The contract for settlement in March 2015 added 0.01 percent to close at 94.16 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.