China treasury bond futures open higher Tuesday

China's treasury bond futures opened higher on Tuesday, with contract for settlement in December opening 0.044 yuan higher at 97.094 yuan (15.83 U.S. dollars).

The contract for settlement in March 2015 opened 0.116 yuan higher at 97.678 yuan. The contract for settlement in June 2015 opened 0.032 yuan higher at 98.016 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.