China treasury bond futures open lower Monday

Source: Xinhua | 2018-03-20

China's five-year treasury bond futures opened lower on Monday, with the contract for settlement in June 2018 opening 0.02 percent lower at 96.48 yuan (about 15.2 U.S. dollars).

The contract for settlement in September 2018 opened 0.01 percent lower at 96.57 yuan. The contract for settlement in December 2018 had no trading at opening.

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.