China treasury bond futures open higher Wednesday

China's treasury bond futures opened higher on Wednesday, with contract for settlement in March 2015 opening 0.02 percent higher at 97.498 yuan (15.9 U.S. dollars).

The contract for settlement in June opened 0.04 percent at 97.974 yuan, while the contract for settlement in September saw no trading.

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 and started trading on Sept. 6, 2013.