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China 10-Year Treasury Bond Futures Open Lower Tuesday
January 26th, 2021 | 10:41 AM | 162 views
BEIJING
China's 10-year treasury bond futures opened lower on Tuesday, with the contract for settlement in March 2021 opening 0.23 percent lower at 98.15 yuan (about 15.13 U.S. dollars).
The contract for settlement in June 2021 opened 0.17 percent lower at 97.99 yuan. The contract for settlement in September 2021 opened 0.26 percent lower at 97.78 yuan.
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 March 20, 2015.
Source:
courtesy of XINHUA NEWS AGENCY
by XINHUA NEWS AGENCY
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