China treasury bond futures open lower Tuesday
BEIJING, May 15 (Xinhua) -- China's five-year treasury bond futures opened lower on Tuesday, with the contract for settlement in June 2018 opening 0.11 percent lower at 97.67 yuan (about 15.38 U.S. dollars).
The contract for settlement in September 2018 opened 0.09 percent lower at 97.55 yuan. The contract for settlement in December 2018 opened at 97.50 yuan, 0.08 percent lower from the previous close.
The contracts are agreements to buy or sell treasury bonds at a predetermined price on a 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: WPY ]