China treasury bond futures open lower Tuesday

China's five-year treasury bond futures opened lower on Tuesday, with the contract for settlement in December 2016 opening 0.054 percent lower at 101.525 yuan (about 15.2 U.S. dollars).

The contract for settlement in March 2017 opened flat at 101.285 yuan. The contract for settlement in June 2017 had no trading at opening.

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