Chinese A–BBB Corporate Bond Yields (CNY)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/cny-corporate-a-bbb
Chinese A–BBB Corporate Bond Yields (CNY) as of 2026-07-27: 10Y at 2.59%, fitted curve 1M–30Y (1.64%–3.10%), 60 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 1.64% | — |
| 6M | 1.68% | 1.69% |
| 9M | 1.71% | 1.76% |
| 12M | 1.74% | 1.82% |
| 18M | 1.79% | 1.90% |
| 2Y | 1.84% | 2.01% |
| 3Y | 1.95% | 2.16% |
| 4Y | 2.05% | 2.36% |
| 5Y | 2.15% | 2.54% |
| 8Y | 2.42% | 2.87% |
| 9Y | 2.50% | 3.19% |
| 10Y | 2.59% | 3.34% |
| 20Y | 3.00% | 3.41% |
| 30Y | 3.10% | 3.30% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 1.84% and the 10-year 2.59%, a 10Y−2Y spread of +74 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 | 1.84% | 1.90% | 1.94% | 2.01% | 2.01% | 2.02% | 2.04% |
| 10Y | 2.59% | 2.71% | 2.76% | 2.82% | 2.88% | 2.79% | 2.91% |
| 10Y − 2Y | +74 bp | +81 bp | +82 bp | +82 bp | +87 bp | +78 bp | +87 bp |
Bonds in this curve
A selection of 30 of the 69 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Bank of China Limited | 1.60% | 2026-09-18 | 2.98% | HK0000951035 |
| NEW Hope Group CO., LTD. | 2.26% | 2026-12-29 | 4.40% | HK0000971645 |
| Mianyang Science & Technology City Development & Investment (Group) CO., LTD | 4.23% | 2027-02-02 | 4.60% | HK0000987765 |
| Mianyang Science & Technology City Development & Investment (Group) CO., LTD | 2.77% | 2027-03-27 | 3.18% | HK0001001004 |
| Industrial and Commercial Bank of China LTD | 1.61% | 2027-05-23 | 2.88% | HK0001015327 |
| Bank of China Limited | 1.52% | 2027-06-20 | 2.85% | HK0001026365 |
| Yibin Emerging Industry Investment Group CO., LTD | 2.10% | 2027-06-20 | 3.40% | HK0001026621 |
| Bank of China Limited | 1.60% | 2027-06-26 | 2.82% | HK0001031381 |
| Pioneer Reward LTD | 1.57% | 2028-02-02 | 1.90% | HK0001256277 |
| FAR East Horizon Limited | 3.29% | 2028-02-14 | 4.25% | HK0001102562 |
| Cicc Hong Kong Finance 2016 MTN Ltd. | 1.84% | 2028-03-19 | 1.90% | HK0001261871 |
| 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 |
| China Construction Bank Corporation | 1.72% | 2028-05-28 | 1.90% | HK0001150835 |
| Baidu INC | 1.89% | 2029-03-15 | 1.90% | HK0001186094 |
| Amipeace Limited | 1.81% | 2029-04-29 | 1.88% | HK0001285920 |
| China Construction Bank Corporation | 1.65% | 2029-06-15 | 1.64% | HK0001313896 |
| 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 |
| Chubb INA Holdings LLC | 2.13% | 2030-08-06 | 2.50% | HK0001173324 |
| JD.COM, INC. | 1.94% | 2031-04-10 | 2.05% | HK0001285094 |
| Amipeace Limited | 1.92% | 2031-04-29 | 2.02% | HK0001293015 |
| 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 |
| Chubb INA Holdings LLC | 2.65% | 2036-05-14 | 2.85% | HK0001293387 |
| Alibaba Group Holding Limited | 3.00% | 2044-11-28 | 3.50% | HK0001082194 |
| Chubb INA Holdings LLC | 3.16% | 2055-08-06 | 3.05% | HK0001173753 |
| Tencent Holdings LTD | 3.01% | 2055-09-23 | 3.10% | HK0001193066 |