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Nation's treasury bond futures close higher

China's treasury bond futures closed higher on Monday, with the contract for settlement in March 2016 closing 0.04 percent higher at 101.35 yuan ($15.48). The June 2016 contract closed 0.11 percent higher at 100.475 yuan. The September 2016 contract closed 0.09 percent higher at 100.07 yuan. The contracts are agreements to buy or sell treasury bonds at a predetermined price and set date.