China treasury bond futures close lower Wednesday
BEIJING, Nov. 30 (Xinhua) -- China's treasury bond futures closed lower on Wednesday, with the contract for settlement in December 2016 down 0.455 percent at 100.710 yuan (about 14.6 U.S. dollars).
The March 2017 contract closed 0.060 percent lower at 100.150 yuan. The June 2017 contract closed 0.090 percent lower at 99.710 yuan.
The contracts are agreements to buy or sell treasury bonds at a predetermined price and set date. They allow investors to bet on and 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.[ Editor: 刘家铭 ]