China 10-year Treasury Bond Futures Close Mixed Thursday
Umer Jamshaid Published March 25, 2021 | 03:20 PM
BEIJING, (UrduPoint / Pakistan Point News - 25th Mar, 2021 ) :China's 10-year treasury bond futures closed mixed on Thursday, with the contract for June 2021 closing 0.07 percent higher at 97.57 Yuan (about 14.54 U.S. Dollars).
The contract for settlement in September 2021 closed 0.08 percent higher at 97.26 yuan.
The contract for settlement in December 2021 closed 0.03 percent lower at 96.98 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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