China 10-year treasury bond futures close lower Wednesday

BEIJING, June 26 (Xinhua) -- China's 10-year treasury bond futures closed lower on Wednesday, with the contract for settlement in September 2019 closing 0.14 percent lower at 97.27 yuan (about 14.16 U.S. dollars).

The contract for settlement in December 2019 closed 0.15 percent lower at 96.84 yuan. The contract for settlement in March 2020 closed 0.17 percent lower at 96.5 yuan.

The contracts are agreements to buy or sell treasury bonds at a predetermined price on a 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 March 20, 2015.