Treasury bond futures in China close lower

The September 2016 contract closed 0.23 percent lower at 100.4 yuan and the December 2016 contract edged down 0.16 percent to close at 100.1 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. Enditem

Source: Xinhua