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China treasury bond futures open higher Thursday

2014-08-21 10:17 Xinhua Web Editor: Qin Dexing
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China's treasury bond futures opened mostly higher on Thursday, with contract for settlement in September opening flat at 93.168 yuan (15.12 U.S. dollars).

The contract for settlement in December opened slightly higher at 93.522 yuan, while the March 2015 contract saw no trading.

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.

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