China treasury bond futures open higher Monday
china yuan
Beijing - XINHUA
China's five-year treasury bond futures opened higher on Monday, with contract for settlement in September opening at 97.13 yuan (15.88 U.S. dollars), up 0.07 percent.
The contract for settlement in December opened 0.1 percent higher at 99.03 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.
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