China treasury bond futures open flat on Thursday

Beijing, Sep 17 (IANS) China’s five-year treasury bond futures opened flat on Thursday, with contract for settlement in December staying at 98.795 yuan ($15.45).

The contract for settlement in March and June 2016 had no trading at the opening, Xinhua news agency reported.

The contracts are agreements to buy or sell treasury bonds at a predetermined price and set date. They allow investors to bet on or 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 September 6, 2013.

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