ecns [expanded by feedex.net]
ecns
China treasury bond futures close lower Friday
http://www.ecns.cn/business/2014/08-29/132270.shtml
Aug 29th 2014, 07:38
2014-08-29 16:38 Web Editor: Qin Dexing
China's treasury bond futures closed lower on Friday, with the contract for settlement in September closing 0.02 percent lower at 93.4 yuan (15.2 U.S. dollars).
The contract for settlement in December declined 0.11 percent to close at 93.7 yuan. The contract for settlement in March 2015 lost 0.07 percent to close at 94.1 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 and started trading on Sept. 6, 2013.
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