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BEIJING, July 22 (Xinhua) -- China's five-year treasury bond futures opened lower on Friday, with the contract for settlement in September 2016 opened 0.030 percent lower at 101.360 yuan (about 15.2 U.S. dollars).
The contract for settlement in December 2016 opened 0.069 percent lower at 100.915 yuan. The contract for settlement in March 2017 opened 0.06 percent lower at 100.595 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.
(This article is generated by Xinhua News Robot.)
