China treasury bond futures open mixed Monday
(Xinhua) Updated: 2014-09-15 11:10BEIJING -- China's treasury bond futures opened mixed on Monday, with contract for settlement in September opening slightly higher at 93.636 yuan ($15.35).
The contract for settlement in December opened slightly lower at 94.262 yuan. The March 2015 contract had no trading at the opening.
The contracts are agreements to buy or sell treasury bonds at a predetermined price and set date. They allow investors to bet on or profit from the movements in the value of the bonds.
The treasury bond futures were launched at the Shanghai-based China Financial Futures Exchange (CFFEX) and started trading on Sept 6, 2013.
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