BEIJING, March 13 (Xinhua) -- China's five-year treasury bond futures opened lower on Monday, with the contract for settlement in June 2017 opening 0.015 percent lower at 98.090 yuan (about 14.21 U.S. dollars).
The contract for settlement in September 2017 opened 0.098 percent lower at 97.300 yuan. The contract for settlement in December 2017 opened at 96.135 yuan, 1.294 percent lower from the previous close.
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.
(This article is generated by Xinhua News Robot.)