BEIJING, March 27 (Xinhua) -- China's treasury bond futures closed higher on Monday, with the contract for settlement in June 2017 closed 0.08 percent higher at 99.38 yuan (about 14.46 U.S. dollars).
The September 2017 contract closed 0.04 percent higher at 98.85 yuan. The December 2017 contract closed 0.03 percent higher at 98.33 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.