China's five-year treasury bond futures opened lower on Wednesday, with the contract for settlement in September 2018 opening 0.05 percent lower at 98.01 yuan (about US$14.8 U.S. dollars).
The contracts for settlement in December 2018 and March 2019 both had no trading at opening.
The contracts are agreements to buy or sell treasury bonds at a predetermined price on a 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.
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