Arab Today, arab today china treasury bond futures open lower friday
Last Updated : GMT 05:46:54
Arab Today, arab today
Arab Today, arab today

China treasury bond futures open lower Friday

Arab Today, arab today

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

Beijing - Xinhua

BEIJING, March 28 (Xinhua) -- China's treasury bond futures opened lower on Friday, with contract for settlement in June 2014 opening lower at 92.512 yuan (14.89 U.S. dollars).The contract for September settlement also opened lower at 92.970 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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