China's treasury bond futures opened mixed on Thursday, with contract for settlement in June opening flat at 93.0 yuan (15.1 U.S. dollars). The contract for settlement in September also opened flat at 93.5 yuan. The contract for settlement in December opened up 0.1 at 93.8 yuan. 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.