China treasury bond futures open slightly higher Monday

China's treasury bond futures opened higher on Monday, with contract for settlement in December opening slightly higher at 95.80 yuan (15.60 U.S. dollars).

The contract for settlement in March 2015 also opened slightly higher at 96.304 yuan, while that for settlement in June 2015 had 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.