China treasury bond futures open higher Wednesday

China's treasury bond futures opened higher on Wednesday, with contract for settlement in December opening higher at 96.450 yuan (15.81 U.S. dollars).

The contract for settlement in March 2015 and 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.