ecns [expanded by feedex.net]: China treasury bond futures close mixed Friday

ecns [expanded by feedex.net]

ecns

China treasury bond futures close mixed Friday
http://www.ecns.cn/business/2014/06-20/120176.shtml
Jun 20th 2014, 07:21





2014-06-20 16:21 Xinhua


China's treasury bond futures closed mixed on Friday, with the contract for settlement in September up 0.03 percent to close at 94.5 yuan (15.36 U.S. dollars).


The contract for settlement in December rose 0.10 percent to close at 95.0 yuan while the contract for March 2015 closed flat at 95.1 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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