Hong Kong Callable Corporate Bond Yields (USD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-hong-kong-callable
Hong Kong Callable Corporate Bond Yields (USD) as of 2026-07-27: 10Y at 5.32%, fitted curve 1M–30Y (4.55%–5.80%), 55 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.55% | — |
| 3M | 4.56% | 4.57% |
| 6M | 4.58% | 4.59% |
| 12M | 4.61% | 4.64% |
| 18M | 4.64% | 4.71% |
| 2Y | 4.68% | 4.78% |
| 3Y | 4.75% | 4.90% |
| 4Y | 4.83% | 5.06% |
| 5Y | 4.91% | 5.24% |
| 6Y | 4.99% | 5.42% |
| 7Y | 5.08% | 5.59% |
| 8Y | 5.16% | 5.74% |
| 9Y | 5.24% | 5.88% |
| 10Y | 5.32% | 5.99% |
| 15Y | 5.59% | 6.15% |
| 25Y | 5.78% | 6.06% |
| 30Y | 5.80% | 5.90% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.68% and the 10-year 5.32%, a 10Y−2Y spread of +64 bp — positively sloped — as of 2026-07-27. 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 | Latest2026-07-27 | 1m ago2026-06-26 | 2m ago2026-05-28 | 3m ago2026-04-28 | 4m ago2026-03-30 | 5m ago2026-02-27 | 6m ago2026-01-28 |
|---|---|---|---|---|---|---|---|
| 2Y | 4.68% | 4.56% | 4.59% | 4.44% | 4.51% | 4.12% | 4.19% |
| 10Y | 5.32% | 5.08% | 5.14% | 5.15% | 5.31% | 4.70% | 5.03% |
| 10Y − 2Y | +64 bp | +51 bp | +55 bp | +71 bp | +80 bp | +58 bp | +84 bp |
Yields by rating group
The same curve split by credit quality: 69 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 4.60%, A+ to BBB- 5.01%, Speculative 7.36%.
Bonds in this curve
A selection of 30 of the 72 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| CMB International Leasing Management Limited | 4.76% | 2026-09-16 | 1.75% | XS2373796593 |
| FAR East Horizon Limited | 4.72% | 2026-10-26 | 4.25% | XS2393797530 |
| Icbcil Finance Co. Limited | 4.50% | 2027-01-27 | 2.70% | XS2431451041 |
| JOY Treasure Assets Holdings INC | 5.11% | 2027-02-01 | 5.50% | XS2757520452 |
| Citic LTD | 4.55% | 2027-02-17 | 2.88% | XS2439108205 |
| Bocom Leasing Management Hong Kong Company Limited | 4.79% | 2027-06-26 | 5.00% | XS2849237230 |
| AIA Group LTD | 4.56% | 2027-10-25 | 5.62% | US00131MAN39 |
| Cgnpc International LTD | 4.65% | 2027-12-11 | 3.75% | XS1733841735 |
| Lenovo Group Limited | 4.76% | 2028-01-27 | 5.83% | USY5257YAL12 |
| CK Hutchison Holdings Limited | 4.65% | 2028-04-21 | 4.75% | US12570FAA93 |
| JOY Treasure Assets Holdings INC | 4.86% | 2029-06-06 | 5.75% | XS2826701604 |
| Celestial Dynasty Limited | 7.42% | 2029-06-27 | 4.25% | XS2009282539 |
| AIA Group LTD | 4.63% | 2030-04-07 | 3.38% | US00131MAJ27 |
| Xiaomi Best Time International Limited | 4.93% | 2030-04-29 | 3.38% | USY77108AA93 |
| CK Hutchison Holdings Limited | 4.77% | 2031-04-15 | 2.50% | USG2182GAB98 |
| Xiaomi Best Time International Limited | 5.02% | 2031-07-14 | 2.88% | USY77108AD33 |
| Citic LTD | 5.16% | 2032-02-17 | 3.50% | XS2439108387 |
| Lenovo Group Limited | 5.21% | 2032-07-27 | 6.54% | USY5257YAM94 |
| Shanghai Commercial Bank Limited | 5.43% | 2033-02-28 | 6.38% | XS2531672892 |
| AIA Group LTD | 4.85% | 2033-04-04 | 4.95% | US00131MAP86 |
| AIA Group LTD | 5.29% | 2034-04-05 | 5.38% | US00131MAQ69 |
| CK Hutchison Holdings Limited | 5.19% | 2034-04-26 | 5.50% | USG2176UAB64 |
| AIA Group LTD | 5.34% | 2035-03-30 | 4.95% | US00131MAR43 |
| Citic LTD | 5.51% | 2038-03-13 | 4.85% | XS1772378763 |
| AIA Group LTD | 5.81% | 2040-09-16 | 3.20% | US00131MAK99 |
| Cnpc (HK) Overseas Capital LTD | 5.16% | 2041-04-28 | 5.95% | USG21895AC44 |
| CK Hutchison Holdings Limited | 5.67% | 2049-09-06 | 3.38% | USG2176DAB40 |
| Xiaomi Best Time International Limited | 6.07% | 2051-07-14 | 4.10% | USY77108AF80 |
| AIA Group LTD | 5.97% | 2054-09-30 | 5.40% | US00131MAS26 |
| AIA Group LTD | 6.01% | 2054-09-30 | 5.40% | US00131LAS43 |