China treasury bond futures open mixed Wednesday

China's treasury bond futures opened mixed on Wednesday, with contract for settlement in March 2015 opening at 98.612 yuan (16.1 U.S. dollars), down 0.218 yuan.

The contract for settlement in June 2015 opens 0.008 yuan higher at 99.428 yuan, and September 2015 opens 0.056 yuan higher at 100.058 yuan.

The contracts are agreements to buy or sell treasury bonds at a predetermined price and set date. They allow investors to bet on or 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.