Chinese Senior Unsecured Non-Callable Corporate Bond Yields (CNY)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/cny-corporate-senior-unsecured-non-callable
Chinese Senior Unsecured Non-Callable Corporate Bond Yields (CNY) as of 2026-07-27: 9Y at 2.12%, fitted curve 1M–9Y (2.12%–2.66%), 72 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 2.66% | — |
| 3M | 2.61% | 2.59% |
| 6M | 2.54% | 2.48% |
| 9M | 2.48% | 2.35% |
| 12M | 2.42% | 2.25% |
| 18M | 2.32% | 2.13% |
| 2Y | 2.25% | 2.04% |
| 3Y | 2.17% | 2.01% |
| 4Y | 2.14% | 2.04% |
| 5Y | 2.13% | 2.08% |
| 8Y | 2.12% | 2.11% |
| 9Y | 2.12% | 2.12% |
2Y, 10Y and the 10Y−2Y spread over time
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 | 2.25% | 2.38% | 2.42% | 2.58% | 2.60% | 2.57% | 2.50% |
| 10Y | — | — | — | 2.51% | 2.47% | 2.41% | 2.85% |
| 10Y − 2Y | — | — | — | -7 bp | -13 bp | -16 bp | +35 bp |
Yields by rating group
The same curve split by credit quality: 39 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 2.71%, A+ to BBB- 1.90%, Speculative 3.73%.
Bonds in this curve
A selection of 30 of the 75 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 |
| Vertex Capital Investment Limited | 2.84% | 2027-03-21 | 4.00% | HK0000998390 |
| 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 |
| Yibin Emerging Industry Investment Group CO., LTD | 2.10% | 2027-06-20 | 3.40% | HK0001026621 |
| 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 |
| FAR East Horizon Limited | 3.29% | 2028-02-14 | 4.25% | HK0001102562 |
| 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 |
| Swire Properties MTN Financing Limited | 1.92% | 2028-07-22 | 2.60% | HK0001160735 |
| Vertex Capital Investment Limited | 2.83% | 2029-03-11 | 2.80% | HK0001262101 |
| Bceg (Hongkong) Company Limited | 2.14% | 2029-03-19 | 2.15% | HK0001268637 |
| Swire Properties MTN Financing Limited | 2.07% | 2030-07-22 | 2.85% | HK0001160743 |
| Guangzhou Metro Investment Finance (BVI) Limited | 2.29% | 2030-08-19 | 2.25% | HK0001173811 |
| Amipeace Limited | 1.92% | 2031-04-29 | 2.02% | HK0001293015 |
| Icbcil Finance Co. Limited | 1.88% | 2031-05-18 | 1.88% | HK0001302659 |
| Westpac Banking Corporation | 2.70% | 2034-07-31 | 3.31% | XS2870281727 |
| Swire Properties MTN Financing Limited | 2.95% | 2035-07-22 | 3.45% | HK0001160750 |
| Meituan | 2.90% | 2035-11-05 | 3.10% | HK0001206843 |