china treasury bond futures open higher friday
Last Updated : GMT 19:03:54
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Arab Today, arab today

China treasury bond futures open higher Friday

Arab Today, arab today

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

Beijing - XINHUA

China's treasury bond futures opened higher on Friday, with contract for settlement in March up 0.886 yuan to open at 91.986 yuan (15.03 U.S. dollars). The contract for settlement in June opened 0.088 yuan higher from the previous settlement price at 92.784 yuan. The contract for settlement in September opened 0.002 yuan higher at 93.146 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. 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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