China treasury bond futures open mixed Thursday

December 4, 2014 12:18 pm 

BEIJING, Dec. 4 — China's treasury bond futures opened mixed on Thursday, with contract for settlement in December opening 0.036 yuan higher at 95.924 yuan (15.62 USD).

The contract for settlement in March 2015 opened 0.040 yuan lower at 96.6 yuan. The contract for settlement in June 2015 opened 0.122 yuan lower at 96.956 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. (PNA/Xinhua)

FFC/EBP

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