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|BEIJING Tyler Kroft Bengals Jersey , March 27 (Xinhua) -- China's treasury bond futures opened lower on Friday, with contract for settlement in June 2015 opening at 97.3 yuan (15.9 U.S. dollars), down 0.1 percent.
The contract for settlement in September 2015 opened lower at 97.7 yuan while the contract for settlement in December 2015 went down to 98.2 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.
BEIJING Jake Fisher Bengals Jersey , March 27 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, weakened by 22 basis points to 6.1397 against the U.S. dollar on Friday, according to the China Foreign Exchange Trading System.
In China's spot foreign exchange market Cedric Ogbuehi Bengals Jersey , the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.
The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.
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