China treasury bond futures open mixed Tuesday

China five-year treasury bond futures opened mixed on Tuesday, with the contract for settlement in September 2016 opening 0.064 percent higher at 102.17 yuan (about 15.41 U.S. dollars).

The contract for settlement in December 2016 opened 0.034 percent higher at 101.825 yuan. The contract for settlement in March 2017 opened 0.015 percent lower at 101.465 yuan.

The contracts are agreements to buy or sell treasury bonds at a predetermined price and 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.

Source : XINHUA