China 10-year treasury bond futures open lower Monday

0 Comment(s)Print E-mail Xinhua, November 04, 2019
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BEIJING, Nov. 4 (Xinhua) -- China's 10-year treasury bond futures opened lower on Monday, with the contract for settlement in December 2019 opening 0.15 percent lower at 97.39 yuan (about 13.84 U.S. dollars).

The contract for settlement in March 2020 opened 0.1 percent lower at 97 yuan. The contract for settlement in June 2020 opened 0.15 percent lower at 96.63 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 March 20, 2015. Enditem

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