BEIJING, May 20 (Xinhua) -- China's two-year treasury bond futures opened higher on Monday, with the contract for June 2019 opening higher at 100.075 yuan (14.5 U.S. dollars), up 0.01 percent.
The contract for settlement in September 2019 opened higher at 99.91 yuan, up 0.01 percent.
The contract for December 2019 opened 0.2 percent higher at 99.945 yuan.
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 Aug. 17, 2018. Enditem
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