China treasury bond futures open lower Friday
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China's five-year treasury bond futures opened lower on Friday, with the contract for settlement in September 2018 opening 0.03 percent lower at 97.99 yuan (about 15.08 U.S. dollars).

The contract for settlement in December 2018 had no trading at opening. The contract for settlement in March 2019 had no trading at opening.

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.

Author： 　　　Source：xinhua　　　 Editor：Yang Fan