China treasury bond futures open mixed Wednesday

China's treasury bond futures opened mixed on Wednesday, with contract for settlement in December opening slightly lower at 95.792 yuan (15.6 U.S. dollars).

The contract for settlement in March 2015 opened slightly higher at 96.288.

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.