China treasury bond futures open higher Tuesday

China's treasury bond futures opened higher on Tuesday, with contract for settlement in September up 0.03 percent to open at 93.06 yuan (15.12 U.S. dollars).

The contract for settlement in December opened 0.15 percent higher at 93.6 yuan. The March 2015 contract opened 0.24 percent up at 94.02 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 (CFFEX) and started trading on Sept. 6, 2013.