China treasury bond futures open flat Monday
China treasury bond
Beijing - XINHUA
China's five-year treasury bond futures opened mixed on Monday, with contract for settlement in June 2015 having no tradings at the opening.
The contract for settlement in September 2015 opened flat at 96.6 yuan, and the December contract opened flat at 98.4 yuan.
The contracts are agreements to buy or sell treasury bonds at a predetermined price and set date. They allow investors to bet on or 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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