Hong Kong Corporate Bond Yields (USD)
Fitted spot curve as of 2026-09-11
https://bondscovery.com/yield-curve/usd-corporate-hong-kong
Hong Kong Corporate Bond Yields (USD) as of 2026-09-11: 10Y at 5.44%, fitted curve 1M–25Y (4.80%–6.18%), 100 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.80% | — |
| 3M | 4.81% | 4.81% |
| 6M | 4.83% | 4.96% |
| 9M | 4.84% | 4.95% |
| 12M | 4.86% | 4.95% |
| 18M | 4.89% | 5.02% |
| 2Y | 4.93% | 5.10% |
| 3Y | 4.99% | 5.20% |
| 4Y | 5.06% | 5.35% |
| 5Y | 5.13% | 5.50% |
| 6Y | 5.19% | 5.65% |
| 7Y | 5.26% | 5.81% |
| 8Y | 5.32% | 5.96% |
| 9Y | 5.38% | 6.12% |
| 10Y | 5.44% | 6.28% |
| 15Y | 5.73% | 6.76% |
| 20Y | 5.98% | 7.59% |
| 25Y | 6.18% | 8.45% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.93% and the 10-year 5.44%, a 10Y−2Y spread of +52 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 | 4.93% | 4.70% | 4.71% | 4.65% | 4.56% | 4.47% | 4.28% |
| 10Y | 5.44% | 5.36% | 5.20% | 5.15% | 5.24% | 5.24% | 5.22% |
| 10Y − 2Y | +52 bp | +66 bp | +49 bp | +50 bp | +68 bp | +77 bp | +94 bp |
Yields by rating group
The same curve split by credit quality: 104 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 4.97%, A+ to BBB- 5.05%, Speculative 7.08%.
Bonds in this curve
A selection of 30 of the 117 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| FAR East Horizon Limited | 5.32% | 2026-10-26 | 4.25% | XS2393797530 |
| Icbcil Finance Co. Limited | 5.15% | 2026-11-02 | 2.25% | XS2393958488 |
| Icbcil Finance Co. Limited | 4.84% | 2027-01-27 | 2.70% | XS2431451041 |
| JOY Treasure Assets Holdings INC | 5.20% | 2027-02-01 | 5.50% | XS2757520452 |
| Citic LTD | 4.72% | 2027-02-17 | 2.88% | XS2439108205 |
| YI Bright International Limited | 5.31% | 2027-06-20 | 6.68% | XS2843465647 |
| Bocom Leasing Management Hong Kong Company Limited | 4.90% | 2027-06-26 | 5.00% | XS2849237230 |
| Bocom Leasing Management Hong Kong Company Limited | 4.90% | 2027-08-23 | 4.50% | XS2886030902 |
| AIA Group LTD | 4.76% | 2027-10-25 | 5.62% | US00131MAN39 |
| Swire Properties MTN Financing Limited | 4.89% | 2028-01-10 | 3.50% | XS1743657683 |
| Citic LTD | 4.75% | 2028-01-11 | 4.00% | XS1743727130 |
| Guotai Junan International Holdings LTD. | 4.84% | 2028-07-15 | 4.25% | XS3109419997 |
| Celestial Dynasty Limited | 6.85% | 2028-08-22 | 6.38% | XS2877153234 |
| JOY Treasure Assets Holdings INC | 5.11% | 2029-06-06 | 5.75% | XS2826701604 |
| Celestial Dynasty Limited | 7.70% | 2029-06-27 | 4.25% | XS2009282539 |
| AIA Group LTD | 4.87% | 2030-04-07 | 3.38% | US00131MAJ27 |
| Xiaomi Best Time International Limited | 5.24% | 2030-04-29 | 3.38% | USY77108AA93 |
| Xiaomi Best Time International Limited | 5.28% | 2031-07-14 | 2.88% | USY77108AD33 |
| CLP Power Hong Kong Financing Limited | 4.93% | 2031-07-21 | 2.25% | XS2364591367 |
| Lenovo Group Limited | 5.49% | 2032-07-27 | 6.54% | USY5257YAM94 |
| Lenovo Group Limited | 5.48% | 2032-07-27 | 6.54% | US526250AE54 |
| AIA Group LTD | 5.12% | 2033-04-04 | 4.95% | US00131LAP04 |
| AIA Group LTD | 5.07% | 2033-04-04 | 4.95% | US00131MAP86 |
| CK Hutchison Holdings Limited | 5.47% | 2034-04-26 | 5.50% | USG2176UAB64 |
| CK Hutchison Holdings Limited | 5.31% | 2034-04-26 | 5.50% | US17887UAB17 |
| Citic LTD | 5.43% | 2035-04-14 | 4.60% | XS1215258440 |
| Citic LTD | 5.72% | 2036-04-25 | 4.65% | XS1399293650 |
| AIA Group LTD | 5.76% | 2044-03-11 | 4.88% | US00131M2B87 |
| AIA Group LTD | 5.85% | 2046-03-16 | 4.50% | US00131MAE30 |
| Xiaomi Best Time International Limited | 6.39% | 2051-07-14 | 4.10% | USY77108AF80 |