China treasury bond futures open lower Monday

China's treasury bond futures opened lower on Monday, with contract for settlement in March 2015 opening at 96.46 yuan (15.76 U.S. dollars).

The contract for settlement in June 2015 moved down 0.19 yuan to open at 96.826 yuan, while the contract for September opened 0.09 yuan lower at 97.12 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.