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China treasury bond futures open mixed Thursday

2014-10-23 09:53 Xinhua Web Editor: Qin Dexing
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China's treasury bond futures opened mixed on Thursday, with contract for settlement in December opening lower at 95.40 yuan (15.53 U.S. dollars).

The contract for settlement in March 2015 opened flat at 95.896 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.

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