Hong Kong Government Bond Yields (HKD)
Fitted spot curve as of 2026-10-26
https://bondscovery.com/yield-curve/hkd-government-hong-kong-hong-kong
Hong Kong Government Bond Yields (HKD) as of 2026-10-26: 10Y at 3.95%, fitted curve 1M–20Y (2.68%–4.65%), 31 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 2.68% | — |
| 3M | 2.82% | 2.89% |
| 6M | 3.06% | 3.35% |
| 9M | 3.26% | 3.74% |
| 12M | 3.38% | 3.74% |
| 18M | 3.51% | 3.83% |
| 2Y | 3.59% | 3.85% |
| 3Y | 3.64% | 3.80% |
| 4Y | 3.68% | 3.85% |
| 5Y | 3.76% | 4.13% |
| 6Y | 3.84% | 4.36% |
| 7Y | 3.91% | 4.44% |
| 8Y | 3.95% | 4.34% |
| 9Y | 3.96% | 4.08% |
| 10Y | 3.95% | 3.94% |
| 15Y | 4.39% | 5.73% |
| 20Y | 4.65% | 6.09% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.59% and the 10-year 3.95%, a 10Y−2Y spread of +37 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 | 3.59% | 3.69% | 3.05% | 3.06% | 2.88% | 2.78% | 2.42% |
| 10Y | 3.95% | 3.99% | 3.60% | 3.65% | 3.40% | 3.33% | 3.05% |
| 10Y − 2Y | +37 bp | +30 bp | +55 bp | +59 bp | +52 bp | +55 bp | +63 bp |
Bonds in this curve
A selection of 30 of the 31 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Hong Kong | 2.48% | 2026-11-25 | 3.19% | HK0001085379 |
| Hong Kong | 2.90% | 2027-02-24 | 1.51% | HK0000102316 |
| Hong Kong | 2.90% | 2027-02-24 | 3.34% | HK0001111019 |
| Hong Kong | 3.13% | 2027-05-26 | 2.16% | HK0001146429 |
| Hong Kong | 3.30% | 2027-06-29 | 1.25% | HK0000345436 |
| Hong Kong | 3.28% | 2027-08-27 | 0.80% | HK0000121852 |
| Hong Kong | 3.27% | 2027-08-25 | 1.85% | HK0001185575 |
| Hong Kong | 3.53% | 2027-10-25 | 2.89% | HK0001075180 |
| Hong Kong | 3.38% | 2027-11-24 | 2.40% | HK0001221610 |
| Hong Kong | 3.42% | 2028-02-22 | 1.49% | HK0000139938 |
| Hong Kong | 3.54% | 2028-04-25 | 2.76% | HK0001136313 |
| Hong Kong | 3.47% | 2028-05-26 | 2.52% | HK0001306528 |
| Hong Kong | 3.64% | 2028-08-22 | 2.49% | HK0000159993 |
| Hong Kong | 3.56% | 2029-01-17 | 1.97% | HK0000474293 |
| Hong Kong | 3.66% | 2029-02-28 | 2.48% | HK0000187234 |
| Hong Kong | 3.67% | 2029-08-27 | 2.24% | HK0000212438 |
| Hong Kong | 3.75% | 2029-12-05 | 3.23% | HK0001088944 |
| Hong Kong | 3.61% | 2030-05-15 | 2.70% | HK0001145983 |
| Hong Kong | 3.54% | 2030-07-16 | 2.13% | HK0000257821 |
| Hong Kong | 3.76% | 2031-06-25 | 2.96% | HK0001314399 |
| Hong Kong | 3.65% | 2032-03-02 | 1.89% | HK0000329679 |
| Hong Kong | 3.96% | 2033-02-07 | 2.91% | HK0001256640 |
| Hong Kong | 3.86% | 2034-03-07 | 2.02% | HK0000486388 |
| Hong Kong | 3.94% | 2035-01-16 | 3.84% | HK0001101879 |
| Hong Kong | 4.01% | 2035-07-24 | 3.17% | HK0001167730 |
| Hong Kong | 3.95% | 2036-03-04 | 1.59% | HK0000706934 |
| Hong Kong | 3.98% | 2038-01-12 | 3.74% | HK0000898822 |
| Hong Kong | 4.20% | 2039-12-05 | 3.75% | HK0001088951 |
| Hong Kong | 4.43% | 2042-05-26 | 3.30% | HK0000849734 |
| Hong Kong | 4.60% | 2045-03-06 | 3.99% | HK0001120135 |