China treasury bond futures close lower Monday

Source: Xinhua| 2017-05-22 15:49:43|Editor: Mengjie
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BEIJING, May 22 (Xinhua) -- China's treasury bond futures closed lower on Monday, with the contract for settlement in June 2017 closing 0.18 percent lower at 96.8 yuan (about 14.09 U.S. dollars).

The September 2017 contract closed 0.32 percent lower at 96.9 yuan. The December 2017 contract also closed 0.23 percent lower at 97.0 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.

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