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BEIJING, Oct. 24 (Xinhua) -- China's treasury bond futures closed lower on Monday, with the contract for settlement in December 2016 closed 0.191 percent lower at 101.920 yuan (about 15.03 U.S. dollars).
The March 2017 contract closed 0.255 percent lower at 101.565 yuan. The June 2017 contract closed 0.261 percent lower at 101.280 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.)
