Hong Kong Government Bond Yields (HKD)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/hkd-government-hong-kong-hong-kong
Hong Kong Government Bond Yields (HKD) as of 2026-09-10: 10Y at 3.67%, fitted curve 3M–20Y (2.77%–4.41%), 31 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 3M | 2.77% | — |
| 6M | 2.90% | 3.08% |
| 9M | 3.01% | 3.29% |
| 12M | 3.08% | 3.29% |
| 18M | 3.17% | 3.38% |
| 2Y | 3.23% | 3.43% |
| 3Y | 3.30% | 3.48% |
| 4Y | 3.34% | 3.50% |
| 5Y | 3.38% | 3.59% |
| 6Y | 3.43% | 3.75% |
| 7Y | 3.48% | 3.89% |
| 8Y | 3.54% | 4.03% |
| 9Y | 3.60% | 4.21% |
| 10Y | 3.67% | 4.46% |
| 15Y | 4.07% | 5.29% |
| 20Y | 4.41% | 6.19% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.23% and the 10-year 3.67%, a 10Y−2Y spread of +44 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 | 3.23% | 3.04% | 2.95% | 2.84% | 2.62% | 2.30% | 2.21% |
| 10Y | 3.67% | 3.63% | 3.46% | 3.45% | 3.17% | 2.99% | 2.92% |
| 10Y − 2Y | +44 bp | +60 bp | +51 bp | +61 bp | +55 bp | +69 bp | +71 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 | 2.74% | 2026-11-25 | 3.19% | HK0001085379 |
| Hong Kong | 2.87% | 2027-02-24 | 1.51% | HK0000102316 |
| Hong Kong | 2.87% | 2027-02-24 | 3.34% | HK0001111019 |
| Hong Kong | 2.91% | 2027-05-26 | 2.16% | HK0001146429 |
| Hong Kong | 3.23% | 2027-06-29 | 1.25% | HK0000345436 |
| Hong Kong | 2.95% | 2027-08-25 | 1.85% | HK0001185575 |
| Hong Kong | 2.95% | 2027-08-27 | 0.80% | HK0000121852 |
| Hong Kong | 3.21% | 2027-10-25 | 2.89% | HK0001075180 |
| Hong Kong | 3.04% | 2027-11-24 | 2.40% | HK0001221610 |
| Hong Kong | 3.12% | 2028-02-22 | 1.49% | HK0000139938 |
| Hong Kong | 3.13% | 2028-02-23 | 2.23% | HK0001268421 |
| Hong Kong | 3.23% | 2028-04-25 | 2.76% | HK0001136313 |
| Hong Kong | 3.31% | 2028-08-22 | 2.49% | HK0000159993 |
| Hong Kong | 3.36% | 2029-01-17 | 1.97% | HK0000474293 |
| Hong Kong | 3.32% | 2029-02-28 | 2.48% | HK0000187234 |
| Hong Kong | 3.33% | 2029-08-27 | 2.24% | HK0000212438 |
| Hong Kong | 3.33% | 2029-12-05 | 3.23% | HK0001088944 |
| Hong Kong | 3.28% | 2030-05-15 | 2.70% | HK0001145983 |
| Hong Kong | 3.31% | 2030-07-16 | 2.13% | HK0000257821 |
| Hong Kong | 3.30% | 2031-06-25 | 2.96% | HK0001314399 |
| Hong Kong | 3.42% | 2032-03-02 | 1.89% | HK0000329679 |
| Hong Kong | 3.43% | 2033-02-07 | 2.91% | HK0001256640 |
| Hong Kong | 3.53% | 2034-03-07 | 2.02% | HK0000486388 |
| Hong Kong | 3.56% | 2035-01-16 | 3.84% | HK0001101879 |
| Hong Kong | 3.59% | 2035-07-24 | 3.17% | HK0001167730 |
| Hong Kong | 3.67% | 2036-03-04 | 1.59% | HK0000706934 |
| Hong Kong | 3.72% | 2038-01-12 | 3.74% | HK0000898822 |
| Hong Kong | 4.00% | 2039-12-05 | 3.75% | HK0001088951 |
| Hong Kong | 4.29% | 2042-05-26 | 3.30% | HK0000849734 |
| Hong Kong | 4.55% | 2045-03-06 | 3.99% | HK0001120135 |