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 ]


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