Chinese Corporate Bond Yields (CNY)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/cny-corporate
Chinese Corporate Bond Yields (CNY) as of 2026-09-10: 10Y at 2.48%, fitted curve 1M–30Y (2.05%–2.77%), 107 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 2.05% | — |
| 3M | 2.05% | 2.05% |
| 6M | 2.05% | 2.07% |
| 9M | 2.05% | 2.06% |
| 12M | 2.05% | 2.06% |
| 18M | 2.05% | 2.06% |
| 2Y | 2.05% | 2.06% |
| 3Y | 2.05% | 2.07% |
| 4Y | 2.06% | 2.07% |
| 5Y | 2.06% | 2.09% |
| 8Y | 2.17% | 2.40% |
| 9Y | 2.31% | 3.53% |
| 10Y | 2.48% | 4.34% |
| 20Y | 2.77% | 3.15% |
| 30Y | 2.77% | 2.79% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 2.05% and the 10-year 2.48%, a 10Y−2Y spread of +43 bp — positively sloped — as of 2026-09-10. 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 | Latest2026-09-10 | 1m ago2026-08-11 | 2m ago2026-07-13 | 3m ago2026-06-12 | 4m ago2026-05-13 | 5m ago2026-04-13 | 6m ago2026-03-13 |
|---|---|---|---|---|---|---|---|
| 2Y | 2.05% | 2.06% | 2.16% | 2.19% | 2.24% | 2.32% | 2.43% |
| 10Y | 2.48% | 2.57% | 2.77% | 2.79% | 2.80% | 2.76% | 2.76% |
| 10Y − 2Y | +43 bp | +51 bp | +61 bp | +60 bp | +56 bp | +44 bp | +33 bp |
Yields by rating group
The same curve split by credit quality: 66 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 2.20%, A+ to BBB- 1.90%, Speculative 3.63%.
Bonds in this curve
A selection of 30 of the 114 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Bank of China Limited | 1.63% | 2026-09-18 | 2.98% | HK0000951035 |
| Chengda International CO., Limited | 2.97% | 2026-10-10 | 3.98% | HK0000957776 |
| Jingdezhen Hesheng Industrial Investment Development CO., LTD. | 2.33% | 2026-11-08 | 3.90% | HK0000971553 |
| YI Bright International Limited | 2.02% | 2026-12-13 | 3.75% | HK0000963543 |
| Pingtan Comprehensive Pilot Zone City Development Group CO., LTD. | 4.72% | 2026-12-18 | 5.60% | HK0000954526 |
| Mianyang Science & Technology City Development & Investment (Group) CO., LTD | 4.12% | 2027-02-02 | 4.60% | HK0000987765 |
| YI Bright International Limited | 2.10% | 2027-02-21 | 3.30% | HK0000987260 |
| Jiangsu Zhongyang Clean Energy Development CO., LTD. | 2.06% | 2027-05-09 | 3.30% | HK0000979887 |
| Jiangsu Zhongyang Clean Energy Development CO., LTD. | 2.04% | 2027-05-09 | 3.30% | HK0000979929 |
| Agricultural Bank of China | 1.60% | 2027-07-31 | 2.80% | HK0001007449 |
| Bank of Communications CO LTD | 1.71% | 2027-08-01 | 2.83% | HK0001042180 |
| Huafa 2024 I Company Limited | 4.60% | 2027-12-23 | 4.50% | HK0001085882 |
| Jiangmen HI-Tech Industrial Park CO., LTD. | 3.58% | 2028-01-24 | 4.28% | HK0001101887 |
| Hongkong Xiangyu Investment CO., LTD. | 3.33% | 2028-07-15 | 3.15% | HK0001166930 |
| Swire Properties MTN Financing Limited | 1.82% | 2028-07-22 | 2.60% | HK0001160735 |
| Baidu INC | 1.90% | 2029-03-15 | 1.90% | HK0001186094 |
| Bceg (Hongkong) Company Limited | 2.14% | 2029-03-19 | 2.15% | HK0001268637 |
| Swire Properties MTN Financing Limited | 1.96% | 2030-07-22 | 2.85% | HK0001160743 |
| China Mengniu Dairy Company Limited | 2.01% | 2030-07-30 | 2.00% | HK0001166955 |
| JD.COM, INC. | 1.89% | 2031-04-10 | 2.05% | HK0001285094 |
| Amipeace Limited | 1.91% | 2031-04-29 | 2.02% | HK0001293015 |
| Alibaba Group Holding Limited | 2.30% | 2034-11-28 | 3.10% | HK0001082186 |
| Swire Properties MTN Financing Limited | 2.78% | 2035-07-22 | 3.45% | HK0001160750 |
| China Mengniu Dairy Company Limited | 2.32% | 2035-07-30 | 2.30% | HK0001166971 |
| JD.COM, INC. | 2.32% | 2036-04-10 | 2.75% | HK0001285102 |
| Chubb INA Holdings LLC | 2.47% | 2036-05-14 | 2.85% | HK0001293387 |
| Alibaba Group Holding Limited | 2.88% | 2044-11-28 | 3.50% | HK0001082194 |
| State Grid Overseas Investment (BVI) Limited | 2.30% | 2045-08-14 | 2.40% | HK0001173704 |
| Chubb INA Holdings LLC | 2.96% | 2055-08-06 | 3.05% | HK0001173753 |
| Tencent Holdings LTD | 2.78% | 2055-09-23 | 3.10% | HK0001193066 |