INP-WealthPk
China 2-year treasury bond futures close lower Thursday
January 02, 2020
BEIJING, Jan. 2 (Xinhua) -- China's two-year treasury bond futures closed lower on Thursday, with the contract for March 2020 closing 0.05 percent lower at 100.37 yuan (about 14.42 U.S. dollars).
The contract for settlement in June 2020 closed 0.05 percent lower at 100.19 yuan. The contract for settlement in September 2020 closed 0.04 percent lower at 100.01 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 Aug. 17, 2018.
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