BEIJING — China’s five-year treasury bond futures opened higher on Tuesday, with the contract for settlement in September 2020 opening 0.01 percent higher at 100.71 yuan (about $14.45).

The contract for settlement in December 2020 opened 0.04 percent higher at 100.15 yuan. The contract for settlement in March 2021 opened 0.01 percent higher at 99.67 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.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Starbucks closes most U.S., Canada cafes, moves to drive-through

(Reuters) – Starbucks Corp (SBUX.O) said on Friday it will close most of its company operated cafes across north America for two weeks, limiting its services to drive-throughs, to help stem the spread of the highly contagious coronavirus. “Let’s be…

Kia compact vehicles contractor suspends production

SEOUL (Reuters) – A South Korean contract manufacturer for Kia Motors’ compact vehicles has suspended production, a company official said on Monday, citing a drop in overseas demand as the coronavirus outbreak has spread across Europe. Donghee Auto, which produces…

China’s comprehensive LNG import price up

SHANGHAI — China’s comprehensive import price index for liquefied natural gas (LNG) rose last week, according to the Shanghai Petroleum and Natural Gas Exchange (SHPGX). The LNG index, not including tax and processing fee, came in at 2,531 yuan (about…

PBOC plans cautious approach as recovery gathers pace

The People’s Bank of China, the central bank, will adopt a more normal policy stance in the second half of the year as credit growth may have peaked even as its timely measures helped sustain China’s economic recovery from the…