China treasury bond futures close higher

BEIJING, July 31 (Xinhua) -- China's treasury bond futures closed slightly higher on Thursday, with the contract for settlement in September up 0.13 percent to close at 93.158 yuan (15.1 U.S. dollars).

The contract for settlement in December rose 0.12 percent to close at 93.586 yuan. The contract for settlement in March 2015 rose 0.11 percent to close at 93.962 yuan.

The contracts are agreements to buy or sell treasury bonds at a predetermined price and 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.