China's five-year treasury bond futures opened mixed on Thursday, with contract for settlement in June 2015 opened flat at 98.4 yuan (around 16 U.S. dollars).
The contract for settlement in September 2015 opened 0.1 yuan higher at 98.9 yuan, and December 2015 gained 0.1 yuan to open at 99.6 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 and started trading on Sept. 6, 2013.
