China 2-year treasury bond futures open lower Tuesday

Source: Xinhua | 2019-05-08

China's 2-year treasury bond futures opened lower on Tuesday, with the contract for June 2019 opening lower at 99.98 yuan (about 14.8 U.S. dollars).
The contract for settlement in September 2019 and December 2019 both had no trading at the 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 Aug. 17, 2018.