China Investment Grade Corporate Bond Yields (USD)
Fitted spot curve as of 2026-10-26
https://bondscovery.com/yield-curve/usd-corporate-china
China Investment Grade Corporate Bond Yields (USD) as of 2026-10-26: 10Y at 5.93%, fitted curve 1M–30Y (4.89%–6.44%), 107 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.89% | — |
| 3M | 4.91% | 4.92% |
| 6M | 4.94% | 5.09% |
| 9M | 4.97% | 5.13% |
| 12M | 5.00% | 5.13% |
| 18M | 5.07% | 5.26% |
| 2Y | 5.13% | 5.40% |
| 3Y | 5.25% | 5.59% |
| 4Y | 5.37% | 5.84% |
| 5Y | 5.48% | 6.08% |
| 6Y | 5.58% | 6.31% |
| 8Y | 5.77% | 6.60% |
| 9Y | 5.85% | 6.84% |
| 10Y | 5.93% | 6.97% |
| 15Y | 6.19% | 7.20% |
| 20Y | 6.33% | 7.29% |
| 25Y | 6.39% | 7.17% |
| 30Y | 6.44% | 7.26% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 5.13% and the 10-year 5.93%, a 10Y−2Y spread of +80 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 | 5.13% | 5.18% | 4.63% | 4.75% | 4.49% | 4.42% | 4.35% |
| 10Y | 5.93% | 5.82% | 5.39% | 5.18% | 4.95% | 4.86% | 4.98% |
| 10Y − 2Y | +80 bp | +64 bp | +76 bp | +43 bp | +46 bp | +43 bp | +63 bp |
Bonds in this curve
A selection of 30 of the 120 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| CCB | 4.06% | 2026-11-30 | 5.00% | XS2723146325 |
| Shaoxing Shangyu State-Owned Capital Investment and Operation CO., LTD | 5.04% | 2027-01-30 | 5.60% | XS2734113991 |
| Baidu INC | 5.02% | 2027-02-23 | 1.62% | US056752AV05 |
| Chengdu Tianfu NEW Area Investment Group CO., LTD | 5.44% | 2027-04-10 | 5.45% | XS2788243736 |
| State Grid | 4.78% | 2027-05-04 | 3.50% | US857006AG58 |
| Baidu INC | 4.93% | 2027-07-06 | 3.62% | US056752AJ76 |
| Ningbo Yincheng Group CO., LTD. | 5.36% | 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 | 5.38% | 2027-11-29 | 3.88% | XS1721386917 |
| Baidu INC | 5.14% | 2028-03-29 | 4.38% | US056752AL23 |
| Cnooc | 5.06% | 2028-05-02 | 4.38% | US12634MAE03 |
| China Energy Overseas Investment (Hong Kong) CO., Limited | 4.97% | 2028-10-27 | 3.80% | XS3212049376 |
| Baidu INC | 5.09% | 2028-11-14 | 4.88% | US056752AN88 |
| Taizhou Urban Construction and Investment Development Group CO., LTD | 4.97% | 2029-07-27 | 4.40% | XS3435515179 |
| Cnooc | 5.04% | 2029-09-30 | 2.88% | US12625GAF19 |
| Tencent | 5.26% | 2030-06-03 | 2.39% | US88032XAU81 |
| Weibo Corp | 5.88% | 2030-07-08 | 3.38% | US948596AE12 |
| Meituan | 5.84% | 2031-05-05 | 4.50% | USG59669AG93 |
| Cnooc | 5.39% | 2032-03-15 | 7.88% | US65334HAA05 |
| Meituan | 6.08% | 2032-11-05 | 4.75% | USG59669AH76 |
| Alibaba | 5.87% | 2034-11-28 | 4.50% | US01609WAR34 |
| Alibaba | 5.86% | 2034-11-28 | 4.50% | USG01719AF39 |
| Tencent | 5.01% | 2035-07-15 | 4.70% | XS1260534281 |
| Meituan | 6.51% | 2035-11-05 | 5.12% | USG59669AJ33 |
| Tencent | 5.86% | 2036-06-16 | 5.00% | US88032XBE31 |
| Tencent | 6.07% | 2036-10-21 | 6.10% | US88032XBG88 |
| Tencent | 6.26% | 2041-04-22 | 3.68% | US88032XBB91 |
| Cnooc | 5.45% | 2044-04-30 | 4.88% | US12591DAD30 |
| Cnooc | 5.49% | 2049-09-30 | 3.30% | US12625GAG91 |
| Tencent | 6.39% | 2060-06-03 | 3.29% | US88032WAW64 |