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BEIJING, June 28 (Xinhua) -- China's five-year treasury bond futures opened higher on Tuesday, with the contract for settlement in September 2016 opened 0.049 percent higher at 101.100 yuan (about 15.19 U.S. dollars).
The contract for settlement in December 2016 opened 0.065 percent higher at 100.790 yuan. The contract for settlement in March 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.
(This article is generated by Xinhua News Robot.)
