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BEIJING, July 22 (Xinhua) -- China's treasury bond futures closed higher on Friday, with the contract for settlement in September 2016 closed 0.01 percent higher at 101.400 yuan (about 15.2 U.S. dollars).
The December 2016 contract closed 0.02 percent higher at 101.010 yuan. The March 2017 contract closed 0.02 percent higher at 100.685 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.)
