china treasury bond futures open higher thursday
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
Arab Today, arab today

China treasury bond futures open higher Thursday

Arab Today, arab today

Arab Today, arab today China treasury bond futures open higher Thursday

Beijing - XINHUA

China's treasury bond futures opened higher on Thursday, with contract for settlement in June opening 0.026 yuan higher at 92.558 yuan (15.03 U.S. dollars). 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 (CFFEX) and started trading on Sept. 6, 2013. The CFFEX set the base value for the December 2013 contract at 94.168 yuan, the March 2014 contract at 94.188 yuan and the June 2014 contract at 94.218 yuan

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