BUSINESS China treasury bond futures close mixed Monday

BUSINESS

China treasury bond futures close mixed Monday

Xinhua

11:15, October 15, 2018

BEIJING, Oct. 15 (Xinhua) -- China's treasury bond futures closed mixed Monday, with the contract for December 2018 closing 0.05 percent lower at 98.00 yuan ($14).

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File photos: VCG

The contract for settlement in March 2019 closed 0.02 percent higher at 98.08 yuan. The contract for settlement in June 2019 closed 0.49 percent lower at 97.54 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. 

Meanwhile, China's Hushen 300 index futures closed lower Monday, with the contract for October 2018 down 1.55 percent to finish at 3,122.40 points.

The November 2018 contract lost 1.60 percent to close at 3,117.20 points. The December 2018 contract was down 1.70 percent to finish at 3,114 points. The March 2019 contract went down 1.60 percent to finish at 3,117 points.


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