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China treasury bond futures open lower Wednesday
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  • //english.dbw.cn  2018-12-12 16:14:20
     

    China's five-year treasury bond futures opened lower on Wednesday, with the contract for settlement in March 2019 down 0.1 percent at 99.055 yuan (14.34 U.S. dollars).

    The contracts for settlement in December 2018 and June 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

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