Hong Kong Non-Callable Corporate Bond Yields (USD)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/usd-corporate-hong-kong-non-callable
Hong Kong Non-Callable Corporate Bond Yields (USD) as of 2026-09-10: 10Y at 5.39%, fitted curve 1M–20Y (4.63%–6.18%), 57 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.63% | — |
| 6M | 4.70% | 4.79% |
| 9M | 4.77% | 5.05% |
| 12M | 4.84% | 5.05% |
| 18M | 4.94% | 5.21% |
| 2Y | 4.98% | 5.18% |
| 3Y | 5.02% | 5.16% |
| 4Y | 5.05% | 5.22% |
| 5Y | 5.09% | 5.33% |
| 9Y | 5.31% | 5.77% |
| 10Y | 5.39% | 6.39% |
| 15Y | 5.82% | 7.39% |
| 20Y | 6.18% | 8.59% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.98% and the 10-year 5.39%, a 10Y−2Y spread of +41 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 | 4.98% | 4.77% | 4.79% | 4.74% | 4.65% | 4.49% | 4.43% |
| 10Y | 5.39% | 5.18% | 5.05% | 5.01% | 5.31% | 5.20% | 5.08% |
| 10Y − 2Y | +41 bp | +41 bp | +26 bp | +27 bp | +66 bp | +70 bp | +65 bp |
Yields by rating group
The same curve split by credit quality: 44 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 5.75%, A+ to BBB- 4.97%, Speculative 6.34%.
Bonds in this curve
A selection of 30 of the 59 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Foxconn (FAR East) Limited | 4.65% | 2026-09-23 | 3.00% | XS1490623516 |
| Icbcil Finance Co. Limited | 5.11% | 2026-11-02 | 2.25% | XS2393958488 |
| Citic LTD | 4.62% | 2027-02-28 | 3.88% | XS1570263563 |
| CK Hutchison Holdings Limited | 4.67% | 2027-04-05 | 3.50% | USG2177UAB55 |
| FAR East Horizon Limited | 5.24% | 2027-04-16 | 6.62% | XS2800583606 |
| YI Bright International Limited | 5.19% | 2027-06-20 | 6.68% | XS2843465647 |
| Castle Peak Power Finance Company Limited | 4.75% | 2027-07-25 | 3.25% | XS1648263926 |
| Bocom Leasing Management Hong Kong Company Limited | 4.88% | 2027-08-23 | 4.50% | XS2886030902 |
| CLP Power Hong Kong Financing Limited | 4.56% | 2027-10-26 | 3.38% | XS0848445358 |
| Jinan Urban Construction International Investment CO., Limited | 5.00% | 2027-11-06 | 5.00% | XS2927468657 |
| Swire Properties MTN Financing Limited | 4.87% | 2028-01-10 | 3.50% | XS1743657683 |
| Citic LTD | 4.71% | 2028-01-11 | 4.00% | XS1743727130 |
| NWD (MTN) Limited | 10.77% | 2028-02-08 | 8.62% | XS2873948702 |
| Guotai Junan International Holdings LTD. | 4.82% | 2028-07-15 | 4.25% | XS3109419997 |
| Celestial Dynasty Limited | 6.73% | 2028-08-22 | 6.38% | XS2877153234 |
| FAR East Horizon Limited | 5.88% | 2028-10-01 | 6.00% | XS3025777221 |
| CMB International Leasing Management Limited | 4.97% | 2029-07-03 | 3.62% | XS2019219612 |
| NWD (MTN) Limited | 10.44% | 2029-07-18 | 4.12% | XS2028401086 |
| Anhui Transportation Holding Group (H.K.) Limited | 4.78% | 2029-07-22 | 4.35% | XS3435193381 |
| NWD (MTN) Limited | 10.46% | 2030-05-19 | 4.50% | XS2175969125 |
| Hongkong Electric Finance Limited | 4.86% | 2030-06-09 | 2.25% | XS2181902789 |
| Champion MTN Limited | 6.34% | 2030-06-15 | 2.95% | XS2189595049 |
| CLP Power Hong Kong Financing Limited | 4.85% | 2031-07-21 | 2.25% | XS2364591367 |
| CLP Power Hong Kong Financing Limited | 4.85% | 2031-07-21 | 2.25% | XS2366836133 |
| Citic LTD | 5.35% | 2035-04-14 | 4.60% | XS1215258440 |
| CLP Power Hong Kong Financing Limited | 5.15% | 2035-06-30 | 2.50% | XS2193950271 |
| Citic LTD | 5.70% | 2036-04-25 | 4.65% | XS1399293650 |
| AIA Group LTD | 5.75% | 2044-03-11 | 4.88% | US00131M2B87 |
| Citic LTD | 6.24% | 2046-04-25 | 4.85% | XS1399293817 |
| Citic LTD | 6.33% | 2046-09-07 | 4.49% | XS1484449357 |