BUSINESS China 5-year treasury bond futures close lower

BUSINESS

China 5-year treasury bond futures close lower

Xinhua

17:26, July 07, 2020

A clerk counts cash at a bank in Natong, East China's Jiangsu province. (Photo: Sipa)

BEIJING - China's five-year treasury bond futures closed lower on Tuesday, with the contract for September 2020 closing 0.09 percent lower at 100.62 yuan ($14.31).

The contract for settlement in December 2020 closed 0.09 percent lower at 100.23 yuan. The contract for settlement in March 2021 closed 0.10 percent lower at 99.87 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 Sept 6, 2013.

Related Stories

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue