Chinese Investment Grade Corporate Bond Yields (CNY)
Fitted spot curve as of 2026-10-26
https://bondscovery.com/yield-curve/cny-corporate
Chinese Investment Grade Corporate Bond Yields (CNY) as of 2026-10-26: 10Y at 2.46%, fitted curve 6M–30Y (1.68%–2.97%), 67 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 6M | 1.68% | — |
| 9M | 1.70% | 1.78% |
| 12M | 1.73% | 1.78% |
| 18M | 1.77% | 1.88% |
| 2Y | 1.82% | 1.98% |
| 3Y | 1.91% | 2.12% |
| 4Y | 2.00% | 2.30% |
| 5Y | 2.09% | 2.48% |
| 8Y | 2.33% | 2.78% |
| 9Y | 2.40% | 3.04% |
| 10Y | 2.46% | 3.14% |
| 20Y | 2.85% | 3.41% |
| 30Y | 2.97% | 3.38% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 1.82% and the 10-year 2.46%, a 10Y−2Y spread of +64 bp — positively sloped — as of 2026-10-26. The chart and table below track how they have moved.
Fitted 2Y and 10Y yields and their spread, sampled one build date per month. See all inverted curves today →
| Tenor | Latest2026-10-26 | 1m ago2026-09-25 | 2m ago2026-08-27 | 3m ago2026-07-28 | 4m ago2026-06-29 | 5m ago2026-05-29 | 6m ago2026-04-29 |
|---|---|---|---|---|---|---|---|
| 2Y | 1.82% | 2.18% | 2.03% | 2.07% | 2.18% | 2.26% | 2.35% |
| 10Y | 2.46% | 2.42% | 2.44% | 2.64% | 2.80% | 2.81% | 2.70% |
| 10Y − 2Y | +64 bp | +24 bp | +41 bp | +57 bp | +62 bp | +56 bp | +34 bp |
Yields by rating group
The same curve split by credit quality: 75 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 2.70%, A+ to BBB- 1.94%.
Bonds in this curve
A selection of 30 of the 75 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Cscif Hong Kong Limited | 1.63% | 2027-04-25 | 2.48% | HK0001136214 |
| Icbc | 1.59% | 2027-05-23 | 2.88% | HK0001015327 |
| Bank of China | 1.56% | 2027-06-20 | 2.85% | HK0001026365 |
| Lingang Oasis INC | 2.25% | 2027-06-25 | 3.15% | HK0001020475 |
| CCB | 1.52% | 2027-07-16 | 2.83% | HK0001037875 |
| Crcc Huayuan Limited | 1.77% | 2027-09-25 | 2.60% | HK0001055422 |
| Ccci Treasure Limited | 1.69% | 2027-10-24 | 2.46% | HK0001051124 |
| Icbc | 1.61% | 2028-05-21 | 2.00% | HK0001146387 |
| Alibaba | 1.76% | 2028-05-29 | 2.65% | HK0001082160 |
| CCB | 1.67% | 2028-05-28 | 1.90% | HK0001150835 |
| Guotai Junan Holdings Limited | 1.87% | 2028-08-18 | 1.90% | HK0001173795 |
| Guangzhou Metro Investment Finance (BVI) Limited | 1.90% | 2028-08-19 | 2.15% | HK0001173902 |
| Guangzhou Metro Investment Finance (BVI) Limited | 1.95% | 2028-09-04 | 2.15% | HK0001185849 |
| Amipeace Limited | 1.81% | 2029-04-29 | 1.88% | HK0001285920 |
| Bank of China | 1.67% | 2029-05-28 | 1.65% | HK0001302352 |
| Bank of China | 1.68% | 2029-06-09 | 1.70% | HK0001307229 |
| Swire Properties | 1.97% | 2030-07-22 | 2.85% | HK0001160743 |
| China Mengniu Dairy Company Limited | 2.04% | 2030-07-30 | 2.00% | HK0001166955 |
| State Grid | 1.83% | 2030-08-14 | 1.90% | HK0001173688 |
| Amipeace Limited | 1.92% | 2031-04-29 | 2.02% | HK0001293015 |
| Icbcil | 1.87% | 2031-05-18 | 1.88% | HK0001302659 |
| Alibaba | 2.40% | 2034-11-28 | 3.10% | HK0001082186 |
| State Grid | 2.08% | 2035-06-12 | 2.25% | HK0001151130 |
| Chubb INA | 2.56% | 2035-08-06 | 2.75% | HK0001173332 |
| Chubb INA | 2.57% | 2036-05-14 | 2.85% | HK0001293387 |
| Tencent | 2.39% | 2036-06-16 | 2.50% | HK0001307179 |
| Alibaba | 3.04% | 2044-11-28 | 3.50% | HK0001082194 |
| State Grid | 2.35% | 2045-08-14 | 2.40% | HK0001173704 |
| Chubb INA | 3.06% | 2055-08-06 | 3.05% | HK0001173753 |
| Tencent | 2.97% | 2056-06-16 | 3.10% | HK0001307187 |