China Investment Grade Corporate Bond Yields (CNY)
Fitted spot curve as of 2026-10-26
https://bondscovery.com/yield-curve/cny-corporate-china
China Investment Grade Corporate Bond Yields (CNY) as of 2026-10-26: 10Y at 2.41%, fitted curve 6M–30Y (1.64%–2.93%), 33 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 6M | 1.64% | — |
| 9M | 1.65% | 1.70% |
| 18M | 1.70% | 1.74% |
| 2Y | 1.73% | 1.83% |
| 3Y | 1.80% | 1.95% |
| 4Y | 1.88% | 2.13% |
| 8Y | 2.23% | 2.65% |
| 9Y | 2.32% | 3.16% |
| 10Y | 2.41% | 3.32% |
| 20Y | 2.87% | 3.52% |
| 30Y | 2.93% | 3.17% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 1.73% and the 10-year 2.41%, a 10Y−2Y spread of +68 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 | 1.73% | 2.35% | 2.28% | 2.29% | 2.40% | 2.56% | 2.40% |
| 10Y | 2.41% | 2.28% | — | — | — | — | 2.76% |
| 10Y − 2Y | +68 bp | -6 bp | — | — | — | — | +36 bp |
Bonds in this curve
A selection of 30 of the 34 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| 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 |
| Agricultural Bank of China | 1.61% | 2027-07-31 | 2.80% | HK0001007449 |
| GF Financial Holdings BVI LTD. | 2.44% | 2028-03-13 | 2.58% | HK0001106571 |
| 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 |
| CCB | 1.70% | 2028-09-11 | 1.89% | HK0001186169 |
| China Minsheng Banking Corporation Limited Hong Kong Branch | 2.01% | 2028-09-29 | 1.95% | HK0001201620 |
| Bank of China | 1.68% | 2028-11-10 | 1.92% | HK0001207197 |
| Baidu INC | 1.96% | 2029-03-15 | 1.90% | HK0001186094 |
| Bank of China | 1.67% | 2029-05-28 | 1.65% | HK0001302352 |
| Bank of China | 1.68% | 2029-06-09 | 1.70% | HK0001307229 |
| CCB | 1.68% | 2029-06-15 | 1.64% | HK0001313896 |
| Alibaba | 1.88% | 2029-11-28 | 2.80% | HK0001082178 |
| State Grid | 1.83% | 2030-08-14 | 1.90% | HK0001173688 |
| Tencent | 1.89% | 2030-09-23 | 2.10% | HK0001193058 |
| Meituan | 2.37% | 2030-11-05 | 2.55% | HK0001206835 |
| Alibaba | 2.40% | 2034-11-28 | 3.10% | HK0001082186 |
| State Grid | 2.08% | 2035-06-12 | 2.25% | HK0001151130 |
| State Grid | 2.09% | 2035-08-14 | 2.20% | HK0001173696 |
| Tencent | 2.36% | 2035-09-23 | 2.50% | HK0001193041 |
| Meituan | 3.01% | 2035-11-05 | 3.10% | HK0001206843 |
| 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 |
| Tencent | 2.97% | 2055-09-23 | 3.10% | HK0001193066 |
| Tencent | 2.97% | 2056-06-16 | 3.10% | HK0001307187 |