China’s treasury bond futures closed higher on Wednesday, with the contract for settlement in December 2017 closing 0.06 percent higher at 96.37 yuan (about 14.57 U.S. dollars).

The contract for settlement in March 2018 closed 0.04 percent higher at 96.54 yuan. The contract for settlement in June 2018 closed 0.18 percent higher at 96.89 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.