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BEIJING, Oct. 15 (Xinhua) -- China's treasury bond futures closed lower on Thursday, with the contract for settlement in December down 0.16 percent to finish at 100.005 yuan (15.77 U.S. dollars).
The March 2016 contract lost 0.15 percent to 100.015 yuan, and the June 2016 contract went down 0.1 percent to 100.1 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.
