China treasury bond futures close mixed Wednesday

[MikeLigalig.com]

China treasury bond futures close mixed Wednesday
BEIJING, June 1 (PNA/Xinhua) -- China's treasury bond futures closed mixed on Wednesday, with the contract for settlement in June 2016 closed 0.045 percent lower at 101 yuan (about USD15.33).

The September 2016 contract closed 0.030 percent higher at 100.315 yuan. The December 2016 contract closed 0.015 percent higher at 99.735 yuan.

The contracts are agreements to buy or sell treasury bonds at a predetermined price and 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. (PNA/Xinhua)