Chinese Senior Unsecured Corporate Bond Yields (CNY)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/cny-corporate-senior-unsecured
Chinese Senior Unsecured Corporate Bond Yields (CNY) as of 2026-07-27: 10Y at 2.68%, fitted curve 1M–30Y (2.13%–3.13%), 86 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 2.13% | — |
| 3M | 2.13% | 2.13% |
| 6M | 2.13% | 2.13% |
| 9M | 2.13% | 2.13% |
| 12M | 2.13% | 2.13% |
| 18M | 2.13% | 2.13% |
| 2Y | 2.13% | 2.13% |
| 3Y | 2.13% | 2.13% |
| 4Y | 2.13% | 2.14% |
| 5Y | 2.14% | 2.16% |
| 8Y | 2.27% | 2.50% |
| 9Y | 2.44% | 3.80% |
| 10Y | 2.68% | 4.86% |
| 20Y | 3.13% | 3.57% |
| 30Y | 3.13% | 3.13% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 2.13% and the 10-year 2.68%, a 10Y−2Y spread of +55 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 | 2.13% | 2.59% | 2.36% | 2.48% | 2.54% | 2.53% | 2.46% |
| 10Y | 2.68% | 2.83% | 2.87% | 2.89% | 2.73% | 2.70% | 2.68% |
| 10Y − 2Y | +55 bp | +24 bp | +51 bp | +41 bp | +19 bp | +17 bp | +22 bp |
Yields by rating group
The same curve split by credit quality: 57 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 2.70%, A+ to BBB- 2.07%, Speculative 3.73%.
Bonds in this curve
A selection of 30 of the 96 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Shandong Commercial Group CO., LTD. | 3.17% | 2026-08-11 | 3.90% | XS2654507842 |
| 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 |
| YI Bright International Limited | 2.05% | 2026-12-13 | 3.75% | HK0000963543 |
| 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 |
| NEW Hope Group CO., LTD. | 2.26% | 2026-12-29 | 4.40% | HK0000971645 |
| 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 |
| China Construction Bank Corporation | 1.72% | 2028-05-28 | 1.90% | HK0001150835 |
| Hongkong Xiangyu Investment CO., LTD. | 3.29% | 2028-07-15 | 3.15% | HK0001166930 |
| 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 |
| 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 |
| Westpac Banking Corporation | 2.70% | 2034-07-31 | 3.31% | XS2870281727 |
| Swire Properties MTN Financing Limited | 2.95% | 2035-07-22 | 3.45% | HK0001160750 |
| Chubb INA Holdings LLC | 2.49% | 2035-08-06 | 2.75% | HK0001173332 |
| JD.COM, INC. | 2.43% | 2036-04-10 | 2.75% | HK0001285102 |
| AIA Group LTD | 2.60% | 2036-04-30 | 2.88% | HK0001293650 |
| 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 |