China A–BBB Corporate Bond Yields (USD)
Fitted spot curve as of 2026-09-11
https://bondscovery.com/yield-curve/usd-corporate-a-bbb-china
China A–BBB Corporate Bond Yields (USD) as of 2026-09-11: 10Y at 5.57%, fitted curve 1M–30Y (4.65%–6.22%), 89 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.65% | — |
| 3M | 4.67% | 4.68% |
| 6M | 4.70% | 4.83% |
| 9M | 4.72% | 4.86% |
| 12M | 4.75% | 4.86% |
| 18M | 4.80% | 4.97% |
| 2Y | 4.85% | 5.08% |
| 3Y | 4.96% | 5.24% |
| 4Y | 5.06% | 5.46% |
| 5Y | 5.15% | 5.67% |
| 6Y | 5.24% | 5.87% |
| 7Y | 5.33% | 6.07% |
| 8Y | 5.42% | 6.25% |
| 9Y | 5.50% | 6.42% |
| 10Y | 5.57% | 6.58% |
| 15Y | 5.86% | 6.94% |
| 20Y | 6.05% | 7.28% |
| 25Y | 6.16% | 7.35% |
| 30Y | 6.22% | 7.28% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.85% and the 10-year 5.57%, a 10Y−2Y spread of +72 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 | 4.85% | 4.65% | 4.58% | 4.48% | 4.41% | 4.35% | 4.19% |
| 10Y | 5.57% | 5.35% | 5.14% | 5.04% | 4.94% | 4.81% | 4.85% |
| 10Y − 2Y | +72 bp | +70 bp | +56 bp | +55 bp | +53 bp | +47 bp | +66 bp |
Bonds in this curve
A selection of 30 of the 105 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Industrial and Commercial Bank of China LTD | 4.69% | 2026-10-25 | 5.38% | XS2706176547 |
| Industrial and Commercial Bank of China LTD | 4.63% | 2026-10-28 | 1.62% | XS2381043350 |
| China Construction Bank Corporation | 4.48% | 2026-11-30 | 5.00% | XS2723146325 |
| Agricultural Bank of China | 4.74% | 2027-01-18 | 2.00% | XS2425755985 |
| Shaoxing Shangyu State-Owned Capital Investment and Operation CO., LTD | 4.31% | 2027-01-30 | 5.60% | XS2734113991 |
| Baidu INC | 4.70% | 2027-02-23 | 1.62% | US056752AV05 |
| China Southern Power Grid International Finance (BVI) CO. Limited | 4.70% | 2027-05-08 | 3.50% | USG2120QAC09 |
| Ningbo Yincheng Group CO., LTD. | 5.07% | 2027-07-24 | 5.38% | XS2859244720 |
| Jinan HI-Tech Holding Group CO., LTD | 5.12% | 2027-10-08 | 5.00% | XS2908570745 |
| China State Construction Finance (Cayman) I Limited | 5.13% | 2027-11-29 | 3.88% | XS1721386917 |
| Tencent Holdings LTD | 4.72% | 2028-01-19 | 3.60% | US88032XAG97 |
| Bank of China Limited | 4.75% | 2028-03-08 | 4.00% | XS1785829760 |
| Jinan HI-Tech Holding Group CO., LTD | 5.06% | 2028-07-03 | 4.70% | XS3088612018 |
| Zhangzhou Jiulongjiang Group CO., LTD | 4.82% | 2028-07-09 | 4.55% | XS3104337137 |
| Tencent Holdings LTD | 4.69% | 2029-04-11 | 3.98% | US88032XAN49 |
| Bank of China Limited | 4.67% | 2029-04-17 | 3.62% | XS1979516488 |
| Tencent Holdings LTD | 4.88% | 2030-06-03 | 2.39% | US88032XAU81 |
| Tencent Music Entertainment Group | 5.30% | 2030-09-03 | 2.00% | US88034PAB58 |
| Tencent Holdings LTD | 4.86% | 2031-04-22 | 2.88% | US88032XBA19 |
| Meituan | 5.63% | 2031-05-05 | 4.50% | USG59669AG93 |
| China National Offshore Oil Corporation (Cnooc Group) | 5.26% | 2032-03-15 | 7.88% | US65334HAA05 |
| Meituan | 5.74% | 2032-11-05 | 4.75% | USG59669AH76 |
| China National Offshore Oil Corporation (Cnooc Group) | 5.08% | 2033-05-21 | 5.50% | USG21886AB53 |
| Alibaba Group Holding Limited | 5.48% | 2034-11-28 | 4.50% | US01609WAR34 |
| Tencent Holdings LTD | 4.97% | 2035-07-15 | 4.70% | XS1260534281 |
| Tencent Holdings LTD | 5.49% | 2036-06-16 | 5.00% | US88032XBE31 |
| China National Offshore Oil Corporation (Cnooc Group) | 5.36% | 2041-01-26 | 5.75% | USG2353WAB75 |
| China National Offshore Oil Corporation (Cnooc Group) | 5.49% | 2044-04-30 | 4.88% | US12591DAD30 |
| Tencent Holdings LTD | 6.11% | 2049-04-11 | 4.53% | US88032XAQ79 |
| Tencent Holdings LTD | 6.19% | 2060-06-03 | 3.29% | US88032XAW48 |