Chinese Senior Unsecured Corporate Bond Yields (CNY)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/cny-corporate-senior-unsecured
Chinese Senior Unsecured Corporate Bond Yields (CNY) as of 2026-09-10: 10Y at 2.42%, fitted curve 1M–30Y (2.08%–2.67%), 88 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 2.67% | — |
| 3M | 2.62% | 2.59% |
| 6M | 2.54% | 2.50% |
| 9M | 2.47% | 2.28% |
| 12M | 2.40% | 2.28% |
| 18M | 2.29% | 2.08% |
| 2Y | 2.21% | 1.97% |
| 3Y | 2.12% | 1.94% |
| 4Y | 2.09% | 1.99% |
| 5Y | 2.08% | 2.06% |
| 9Y | 2.33% | 2.70% |
| 10Y | 2.42% | 3.40% |
| 20Y | 2.51% | 2.63% |
| 30Y | 2.51% | 2.52% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 2.21% and the 10-year 2.42%, a 10Y−2Y spread of +21 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 | 2.21% | 2.12% | 2.57% | 2.29% | 2.38% | 2.46% | 2.51% |
| 10Y | 2.42% | 2.57% | 2.80% | 2.83% | 2.83% | 2.86% | 2.54% |
| 10Y − 2Y | +21 bp | +45 bp | +23 bp | +54 bp | +45 bp | +41 bp | +3 bp |
Yields by rating group
The same curve split by credit quality: 45 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 2.71%, A+ to BBB- 1.88%, Speculative 3.63%.
Bonds in this curve
A selection of 30 of the 92 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 |
| Pingtan Comprehensive Pilot Zone City Development Group CO., LTD. | 2.97% | 2026-12-22 | 5.10% | XS2736390126 |
| 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 |
| Taishan City Investment CO., Limited | 4.09% | 2027-03-18 | 4.90% | HK0000987773 |
| 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 |
| Chibi City Development Group CO., LTD. | 4.13% | 2027-05-30 | 6.50% | HK0001007159 |
| 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 |
| Chubb INA Holdings LLC | 2.09% | 2030-08-06 | 2.50% | HK0001173324 |
| JD.COM, INC. | 1.89% | 2031-04-10 | 2.05% | HK0001285094 |
| Amipeace Limited | 1.91% | 2031-04-29 | 2.02% | HK0001293015 |
| Swire Properties MTN Financing Limited | 2.78% | 2035-07-22 | 3.45% | HK0001160750 |
| Chubb INA Holdings LLC | 2.45% | 2035-08-06 | 2.75% | HK0001173332 |
| JD.COM, INC. | 2.32% | 2036-04-10 | 2.75% | HK0001285102 |
| Chubb INA Holdings LLC | 2.47% | 2036-05-14 | 2.85% | HK0001293387 |
| 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 |