BEIJING, May 23 (Xinhua) -- China's five-year treasury bond futures opened lower on Tuesday, with the contract for settlement in June 2017 opening 0.119 percent lower at 96.65 yuan (about 14.08 U.S. dollars).
The contract for settlement in September 2017 opened 0.041 percent lower at 96.895 yuan. The contract for settlement in December 2017 opened 0.098 percent lower at 96.91 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.)
