China 10 Year Treasury Bond Futures Close Higher Monday
Sumaira FH Published July 20, 2020 | 03:37 PM
China's 10-year treasury bond futures closed higher on Monday, with the contract for September 2020 closing 0.12 percent higher at 99.25 yuan (about 14.19 U.S. dollars).
BEIJING, (UrduPoint / Pakistan Point News - 20th Jul, 2020 ) :China's 10-year treasury bond futures closed higher on Monday, with the contract for September 2020 closing 0.12 percent higher at 99.25 Yuan (about 14.19 U.S. Dollars).
The contract for settlement in December 2020 closed 0.12 percent higher at 98.68 yuan. The contract for settlement in March 2021 closed 0.
06 percent higher at 98.21 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.
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