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BEIJING, April 24 (Xinhua) -- China's treasury bond futures closed lower on Monday, with the contract for settlement in June 2017 closed 0.29 percent lower at 98.1 yuan (14.29 U.S. dollars).
The September contract closed 0.29 percent lower at 97.7 yuan. The December contract dropped 0.24 percent at 97.3 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.
