ecns [expanded by feedex.net]: China treasury bond futures close lower Monday

ecns [expanded by feedex.net]

ecns

China treasury bond futures close lower Monday
http://www.ecns.cn/business/2014/04-21/110426.shtml
Apr 21st 2014, 07:13





2014-04-21 16:13 Web Editor: qindexing


China's treasury bond futures closed lower on Monday, with the contract for settlement in June down 0.03 percent to close at 92.698 yuan (15.05 U.S. dollars).


The contract for settlement in September lost 0.03 to close at 93.102 yuan, and the contract for settlement in December went down 0.01 percent to end at 93.28 yuan.


The contracts are agreements to buy or sell treasury bonds at a predetermined price and 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 (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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