China treasury bond futures open mixed Friday

China's treasury bond futures opened mixed on Friday, with contract for settlement in December opening flat at 96.982 yuan (15.8 U.S. dollars).

The contract for settlement in March 2015 opened slightly higher at 97.6 yuan. The contract for settlement in June 2015 opened flat at 97.924 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.