China treasury bond futures open mixed Friday --China Economic Net

Bonds

China treasury bond futures open mixed Friday

Last Updated: 2014-05-16 10:20 | Xinhua

China's treasury bond futures opened mixed on Friday, with contract for settlement in June opening 0.1 yuan lower at 92.8 yuan (15.06 U.S. dollars).

The contract for settlement in September went up 0.1 yuan to open at 93.5 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.

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