Chinese A–BBB Senior Unsecured Corporate Bond Yields (CNY)
Fitted spot curve as of 2026-09-11
https://bondscovery.com/yield-curve/cny-corporate-senior-unsecured-a-bbb
Chinese A–BBB Senior Unsecured Corporate Bond Yields (CNY) as of 2026-09-11: 10Y at 2.49%, fitted curve 1M–30Y (1.61%–2.95%), 40 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 1.61% | — |
| 9M | 1.67% | 1.70% |
| 12M | 1.70% | 1.76% |
| 18M | 1.75% | 1.86% |
| 2Y | 1.80% | 1.97% |
| 3Y | 1.90% | 2.12% |
| 4Y | 2.00% | 2.33% |
| 5Y | 2.10% | 2.52% |
| 9Y | 2.43% | 2.91% |
| 10Y | 2.49% | 3.21% |
| 30Y | 2.95% | 3.33% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 1.80% and the 10-year 2.49%, a 10Y−2Y spread of +69 bp — positively sloped — as of 2026-09-11. 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 | Latest2026-09-11 | 1m ago2026-08-12 | 2m ago2026-07-13 | 3m ago2026-06-12 | 4m ago2026-05-14 | 5m ago2026-04-14 | 6m ago2026-03-16 |
|---|---|---|---|---|---|---|---|
| 2Y | 1.80% | 1.83% | 1.87% | 1.90% | 1.89% | 2.02% | 2.01% |
| 10Y | 2.49% | 2.55% | 2.75% | 2.80% | 2.90% | 2.98% | 3.13% |
| 10Y − 2Y | +69 bp | +72 bp | +88 bp | +90 bp | +101 bp | +96 bp | +113 bp |
Bonds in this curve
A selection of 30 of the 42 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Bank of China Limited | 1.63% | 2026-09-18 | 2.98% | HK0000951035 |
| Bank of China Limited | 1.54% | 2027-06-20 | 2.85% | HK0001026365 |
| Bank of China Limited | 1.55% | 2027-06-26 | 2.82% | HK0001031381 |
| China Construction Bank Corporation | 1.49% | 2027-07-16 | 2.83% | HK0001037875 |
| Shanghai Pudong Development Bank CO., LTD | 1.79% | 2027-07-24 | 1.80% | HK0001167532 |
| Agricultural Bank of China | 1.60% | 2027-07-31 | 2.80% | HK0001007449 |
| Bank of Communications CO LTD | 1.70% | 2027-08-01 | 2.83% | HK0001042180 |
| Ccci Treasure Limited | 1.62% | 2027-08-19 | 2.88% | HK0001046082 |
| Swire Properties MTN Financing Limited | 1.80% | 2027-09-03 | 3.10% | HK0001046041 |
| FAR East Horizon Limited | 3.16% | 2028-02-14 | 4.25% | HK0001102562 |
| China Construction Bank Corporation | 1.67% | 2028-05-28 | 1.90% | HK0001150835 |
| Swire Properties MTN Financing Limited | 1.82% | 2028-07-22 | 2.60% | HK0001160735 |
| Guangzhou Metro Investment Finance (BVI) Limited | 1.93% | 2028-08-19 | 2.15% | HK0001173902 |
| Guangzhou Metro Investment Finance (BVI) Limited | 1.95% | 2028-09-04 | 2.15% | HK0001185849 |
| China Construction Bank Corporation | 1.71% | 2028-09-11 | 1.89% | HK0001186169 |
| Baidu INC | 1.90% | 2029-03-15 | 1.90% | HK0001186094 |
| Amipeace Limited | 1.81% | 2029-04-29 | 1.88% | HK0001285920 |
| China Construction Bank Corporation | 1.63% | 2029-06-15 | 1.64% | HK0001313896 |
| Swire Properties MTN Financing Limited | 1.95% | 2030-07-22 | 2.85% | HK0001160743 |
| Chubb INA Holdings LLC | 2.08% | 2030-08-06 | 2.50% | HK0001173324 |
| Guangzhou Metro Investment Finance (BVI) Limited | 2.21% | 2030-08-19 | 2.25% | HK0001173811 |
| JD.COM, INC. | 1.88% | 2031-04-10 | 2.05% | HK0001285094 |
| Amipeace Limited | 1.93% | 2031-04-29 | 2.02% | HK0001293015 |
| Chubb INA Holdings LLC | 2.05% | 2031-05-14 | 2.40% | HK0001293379 |
| 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 |
| Meituan | 2.79% | 2035-11-05 | 3.10% | HK0001206843 |
| JD.COM, INC. | 2.34% | 2036-04-10 | 2.75% | HK0001285102 |
| Chubb INA Holdings LLC | 2.45% | 2036-05-14 | 2.85% | HK0001293387 |
| Chubb INA Holdings LLC | 2.95% | 2055-08-06 | 3.05% | HK0001173753 |