China 5-year treasury bond futures open higher Thursday

0 Comment(s)Print E-mail Xinhua, March 26, 2020
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BEIJING, March 26 (Xinhua) -- China's five-year treasury bond futures opened higher on Thursday, with the contract for settlement in June 2020 opening 0.04 percent higher at 102.25 yuan (about 14.46 U.S. dollars).

The contract for settlement in September 2020 opened 0.08 percent higher at 101.89 yuan. The contract for settlement in December 2020 opened 0.09 percent higher at 101.45 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 Sept. 6, 2013. Enditem

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