Treasury bond futures close a bit higher

China’s treasury bond futures closed higher on Monday, with the contract for settlement in September 2016 closing 0.12 percent higher at 102.2 yuan ($15.39). The December 2016 contract closed 0.11 percent higher at 101.8 yuan. The March 2017 contract finished 0.08 percent higher at 101.5 yuan. The contracts are agreements to buy or sell treasury bonds at a predetermined price and set date. The treasury bond futures were launched at the Shanghaibased China Financial Futures Exchange and started trading on September 6, 2013.