ZCZC
BCN-38
CHINA-TREASURY-BOND-FUTURE
China treasury bond futures close higher Thursday
BEIJING, Aug. 30, 2018 (BSS/Xinhua) – China’s treasury bond futures closed
higher on Thursday, with the contract for September 2018 closing 0.1 percent
higher at 97.81 yuan (about 14.32 U.S. dollars).
The contract for settlement in December 2018 closed 0.15 percent higher at
97.91 yuan. The contract for settlement in March 2019 had no trading.
The contracts are agreements to buy or sell treasury bonds at a
predetermined price on a set date. They allow investors to bet on and 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 Sept. 6, 2013.
BSS/XINHUA/HR/1425