China A–BBB Senior Unsecured Callable Corporate Bond Yields (USD)
Fitted spot curve as of 2026-09-11
https://bondscovery.com/yield-curve/usd-corporate-senior-unsecured-a-bbb-china-callable
China A–BBB Senior Unsecured Callable Corporate Bond Yields (USD) as of 2026-09-11: 10Y at 5.63%, fitted curve 1M–30Y (4.65%–6.22%), 67 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.65% | — |
| 6M | 4.75% | 4.84% |
| 9M | 4.81% | 5.00% |
| 12M | 4.85% | 5.00% |
| 18M | 4.90% | 5.09% |
| 2Y | 4.95% | 5.18% |
| 3Y | 5.05% | 5.33% |
| 4Y | 5.15% | 5.53% |
| 5Y | 5.24% | 5.74% |
| 6Y | 5.32% | 5.93% |
| 8Y | 5.49% | 6.20% |
| 9Y | 5.56% | 6.44% |
| 10Y | 5.63% | 6.58% |
| 15Y | 5.90% | 6.91% |
| 20Y | 6.07% | 7.20% |
| 25Y | 6.17% | 7.25% |
| 30Y | 6.22% | 7.16% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.95% and the 10-year 5.63%, a 10Y−2Y spread of +68 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 | 4.95% | 4.66% | 4.63% | 4.53% | 4.47% | 4.33% | 4.19% |
| 10Y | 5.63% | 5.42% | 5.27% | 5.11% | 5.08% | 4.97% | 5.00% |
| 10Y − 2Y | +68 bp | +76 bp | +64 bp | +58 bp | +61 bp | +64 bp | +81 bp |
Bonds in this curve
A selection of 30 of the 84 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 |
| 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 |
| Baidu INC | 4.78% | 2027-07-06 | 3.62% | US056752AJ76 |
| Industrial and Commercial Bank of China LTD | 5.31% | 2027-11-08 | 3.54% | US45580KAK43 |
| 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 |
| Baidu INC | 4.92% | 2028-03-29 | 4.38% | US056752AL23 |
| Baidu INC | 5.05% | 2028-11-14 | 4.88% | US056752AN88 |
| China Cinda Finance (2017) I Limited | 4.96% | 2029-02-21 | 4.75% | XS1948752826 |
| Tencent Holdings LTD | 4.69% | 2029-04-11 | 3.98% | US88032XAN49 |
| China National Offshore Oil Corporation (Cnooc Group) | 4.96% | 2029-09-30 | 2.88% | US12625GAF19 |
| Baidu INC | 5.19% | 2030-04-07 | 3.42% | US056752AR92 |
| Tencent Holdings LTD | 4.88% | 2030-06-03 | 2.39% | US88032XAU81 |
| 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) | 5.39% | 2032-03-15 | 7.88% | US65334HAA05 |
| Meituan | 5.74% | 2032-11-05 | 4.75% | USG59669AH76 |
| Alibaba Group Holding Limited | 5.48% | 2034-11-28 | 4.50% | US01609WAR34 |
| Alibaba Group Holding Limited | 5.45% | 2034-11-28 | 4.50% | USG01719AF39 |
| Alibaba Group Holding Limited | 5.33% | 2035-05-26 | 5.25% | US01609WBP68 |
| Meituan | 6.10% | 2035-11-05 | 5.12% | USG59669AJ33 |
| Tencent Holdings LTD | 5.49% | 2036-06-16 | 5.00% | US88032XBE31 |
| Tencent Music Entertainment Group | 6.01% | 2036-09-10 | 5.65% | US88034PAC32 |
| China National Offshore Oil Corporation (Cnooc Group) | 5.36% | 2041-01-26 | 5.75% | USG2353WAB75 |
| Alibaba Group Holding Limited | 6.11% | 2041-02-09 | 2.70% | US01609WAY84 |
| China National Offshore Oil Corporation (Cnooc Group) | 5.49% | 2044-04-30 | 4.88% | US12591DAD30 |
| China National Offshore Oil Corporation (Cnooc Group) | 5.50% | 2045-05-05 | 4.20% | US12634GAC78 |
| Tencent Holdings LTD | 6.11% | 2049-04-11 | 4.53% | US88032XAQ79 |
| Alibaba Group Holding Limited | 6.28% | 2057-12-06 | 4.40% | US01609WAW29 |