China treasury bond futures open higher Tuesday

GMT 04:53 2015 Tuesday ,01 September

Arab Today, arab today China treasury bond futures open higher Tuesday

China treasury bond
Beijing - XINHUA

China's five-year treasury bond futures opened higher on Tuesday, with contract for settlement in December opening at 99.28 yuan (15.51 U.S. dollars), up 0.05 percent.

The contract for settlement in September and the March 2016 contract had no trading at the opening.

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.

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