Chinese Corporate Bond Yields (CNY)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/cny-corporate
Chinese Corporate Bond Yields (CNY) as of 2026-07-27: 10Y at 2.64%, fitted curve 1M–30Y (2.07%–2.99%), 103 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 2.07% | — |
| 3M | 2.07% | 2.07% |
| 6M | 2.07% | 2.07% |
| 9M | 2.07% | 2.07% |
| 12M | 2.07% | 2.07% |
| 18M | 2.07% | 2.07% |
| 2Y | 2.07% | 2.07% |
| 3Y | 2.07% | 2.08% |
| 4Y | 2.08% | 2.09% |
| 5Y | 2.09% | 2.13% |
| 8Y | 2.28% | 2.59% |
| 9Y | 2.45% | 3.80% |
| 10Y | 2.64% | 4.41% |
| 20Y | 2.99% | 3.34% |
| 30Y | 2.99% | 2.99% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 2.07% and the 10-year 2.64%, a 10Y−2Y spread of +57 bp — positively sloped — as of 2026-07-27. 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 | Latest2026-07-27 | 1m ago2026-06-26 | 2m ago2026-05-28 | 3m ago2026-04-28 | 4m ago2026-03-30 | 5m ago2026-02-27 | 6m ago2026-01-28 |
|---|---|---|---|---|---|---|---|
| 2Y | 2.07% | 2.23% | 2.27% | 2.40% | 2.42% | 2.42% | 2.38% |
| 10Y | 2.64% | 2.80% | 2.82% | 2.68% | 2.65% | 2.77% | 2.77% |
| 10Y − 2Y | +57 bp | +57 bp | +54 bp | +27 bp | +23 bp | +35 bp | +39 bp |
Yields by rating group
The same curve split by credit quality: 76 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 2.65%, A+ to BBB- 2.05%, Speculative 3.73%.
Bonds in this curve
A selection of 30 of the 116 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| CMS International Gemstone Limited | 1.60% | 2026-09-18 | 3.30% | HK0000950995 |
| Bank of China Limited | 1.60% | 2026-09-18 | 2.98% | HK0000951035 |
| Chengda International CO., Limited | 2.99% | 2026-10-10 | 3.98% | HK0000957776 |
| Jingdezhen Hesheng Industrial Investment Development CO., LTD. | 2.33% | 2026-11-08 | 3.90% | HK0000971553 |
| Pingtan Comprehensive Pilot Zone City Development Group CO., LTD. | 4.74% | 2026-12-18 | 5.60% | HK0000954526 |
| Pingtan Comprehensive Pilot Zone City Development Group CO., LTD. | 2.91% | 2026-12-22 | 5.10% | XS2736390126 |
| Taishan City Investment CO., Limited | 4.14% | 2027-03-18 | 4.90% | HK0000987773 |
| Haitong UT Brilliant Limited | 2.29% | 2027-03-19 | 3.65% | HK0000993441 |
| Zibo City Asset Operation Group CO., LTD. | 4.03% | 2027-06-14 | 5.80% | HK0001011102 |
| Bank of China Limited | 1.52% | 2027-06-20 | 2.85% | HK0001026365 |
| Huafa 2024 I Company Limited | 4.48% | 2027-12-23 | 4.50% | HK0001085882 |
| Jiangmen HI-Tech Industrial Park CO., LTD. | 3.56% | 2028-01-24 | 4.28% | HK0001101887 |
| Industrial and Commercial Bank of China LTD | 1.63% | 2028-05-21 | 2.00% | HK0001146387 |
| Alibaba Group Holding Limited | 1.80% | 2028-05-28 | 2.65% | HK0001082160 |
| Vertex Capital Investment Limited | 2.83% | 2029-03-11 | 2.80% | HK0001262101 |
| Baidu INC | 1.89% | 2029-03-15 | 1.90% | HK0001186094 |
| Swire Properties MTN Financing Limited | 2.07% | 2030-07-22 | 2.85% | HK0001160743 |
| China Mengniu Dairy Company Limited | 2.03% | 2030-07-30 | 2.00% | HK0001166955 |
| JD.COM, INC. | 1.94% | 2031-04-10 | 2.05% | HK0001285094 |
| Amipeace Limited | 1.92% | 2031-04-29 | 2.02% | HK0001293015 |
| Westpac Banking Corporation | 2.70% | 2034-07-31 | 3.31% | XS2870281727 |
| Alibaba Group Holding Limited | 2.40% | 2034-11-28 | 3.10% | HK0001082186 |
| Swire Properties MTN Financing Limited | 2.95% | 2035-07-22 | 3.45% | HK0001160750 |
| China Mengniu Dairy Company Limited | 2.45% | 2035-07-30 | 2.30% | HK0001166971 |
| JD.COM, INC. | 2.43% | 2036-04-10 | 2.75% | HK0001285102 |
| AIA Group LTD | 2.60% | 2036-04-30 | 2.88% | HK0001293650 |
| Alibaba Group Holding Limited | 3.00% | 2044-11-28 | 3.50% | HK0001082194 |
| State Grid Overseas Investment (BVI) Limited | 2.52% | 2045-08-14 | 2.40% | HK0001173704 |
| Chubb INA Holdings LLC | 3.16% | 2055-08-06 | 3.05% | HK0001173753 |
| Tencent Holdings LTD | 3.01% | 2055-09-23 | 3.10% | HK0001193066 |