China treasury bond futures close mixed Friday

China's treasury bond futures closed mixed on Friday, with the contract for settlement in December down 0.082 yuan to finish at 96.900 yuan (15.8 U.S. dollars).

The contract for settlement in March 2015 advanced 0.006 yuan to close at 97.590 yuan. The contract for settlement in June 2015 gained 0.084 yuan to finish at 98.008 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.