China treasury bond futures open higher Wednesday

China's five-year treasury bond futures opened higher on Wednesday.

The contract for settlement in September 2016 has no trading.

The contract for settlement in December 2016 opened 0.05 percent higher at 101.3 yuan (15.22 U.S. dollars). The contract for settlement in March 2017 opened at 101.01 yuan, 0.07 percent higher from the previous close.

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