China treasury bond futures close lower Friday

BEIJING, July 6 (Xinhua) -- China's treasury bond futures d lower on Friday, with the contract for September 2018 closing 0.17 percent lower at 98.19 yuan (about 14.8 U.S. dollars).

The contract for settlement in December 2018 d 0.18 percent lower at 98.23 yuan. The contract for settlement in March 2019 had no trading.

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.

(Generated by Xinhua News Robot.)

[ Editor: WPY ]


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