China treasury bond futures close lower Monday

BEIJING, Sept. 10 (Xinhua) -- China's treasury bond futures d lower Monday, with the contract for settlement in December 2018 d 0.17 percent lower at 97.45 yuan (about 14.25 U.S. dollars).

The contract for settlement in March 2019 d 0.22 percent lower at 97.51 yuan.

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 ]
 

Comment

View all

Comments are filtered for language and registration is not required. Guangming Online makes no guarantee of comments' factual accuracy. By posting your comment you agree to our house rules.