Hong Kong Senior Unsecured Corporate Bond Yields (USD)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/usd-corporate-senior-unsecured-hong-kong
Hong Kong Senior Unsecured Corporate Bond Yields (USD) as of 2026-09-10: 10Y at 5.47%, fitted curve 1M–25Y (4.77%–6.18%), 104 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.77% | — |
| 6M | 4.80% | 4.87% |
| 9M | 4.81% | 4.92% |
| 12M | 4.83% | 4.92% |
| 18M | 4.86% | 4.99% |
| 2Y | 4.90% | 5.07% |
| 3Y | 4.97% | 5.18% |
| 4Y | 5.04% | 5.34% |
| 5Y | 5.11% | 5.51% |
| 6Y | 5.18% | 5.69% |
| 7Y | 5.26% | 5.87% |
| 8Y | 5.33% | 6.05% |
| 9Y | 5.40% | 6.24% |
| 10Y | 5.47% | 6.42% |
| 15Y | 5.79% | 6.92% |
| 20Y | 6.02% | 7.57% |
| 25Y | 6.18% | 7.91% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.90% and the 10-year 5.47%, a 10Y−2Y spread of +57 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 | 4.90% | 4.69% | 4.74% | 4.71% | 4.63% | 4.44% | 4.44% |
| 10Y | 5.47% | 5.34% | 5.27% | 5.19% | 5.29% | 5.25% | 5.18% |
| 10Y − 2Y | +57 bp | +65 bp | +53 bp | +48 bp | +66 bp | +80 bp | +74 bp |
Yields by rating group
The same curve split by credit quality: 103 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 4.82%, A+ to BBB- 5.01%, Speculative 7.08%.
Bonds in this curve
A selection of 30 of the 121 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| FAR East Horizon Limited | 5.21% | 2026-10-26 | 4.25% | XS2393797530 |
| Icbcil Finance Co. Limited | 5.11% | 2026-11-02 | 2.25% | XS2393958488 |
| Icbcil Finance Co. Limited | 4.82% | 2027-01-27 | 2.70% | XS2431451041 |
| JOY Treasure Assets Holdings INC | 5.19% | 2027-02-01 | 5.50% | XS2757520452 |
| YI Bright International Limited | 5.19% | 2027-06-20 | 6.68% | XS2843465647 |
| Bocom Leasing Management Hong Kong Company Limited | 4.88% | 2027-06-26 | 5.00% | XS2849237230 |
| Hutchison Whampoa Finance | 4.78% | 2027-08-01 | 7.50% | USG46715AC56 |
| Bocom Leasing Management Hong Kong Company Limited | 4.88% | 2027-08-23 | 4.50% | XS2886030902 |
| Swire Properties MTN Financing Limited | 4.87% | 2028-01-10 | 3.50% | XS1743657683 |
| Citic LTD | 4.71% | 2028-01-11 | 4.00% | XS1743727130 |
| Guotai Junan International Holdings LTD. | 4.82% | 2028-07-15 | 4.25% | XS3109419997 |
| Celestial Dynasty Limited | 6.73% | 2028-08-22 | 6.38% | XS2877153234 |
| CK Hutchison Holdings Limited | 5.00% | 2029-04-11 | 3.62% | USG2179DAB13 |
| CK Hutchison Holdings Limited | 4.92% | 2029-04-26 | 5.38% | USG2176UAA81 |
| AIA Group LTD | 4.81% | 2030-04-07 | 3.38% | US00131MAJ27 |
| Xiaomi Best Time International Limited | 5.14% | 2030-04-29 | 3.38% | USY77108AA93 |
| CK Hutchison Holdings Limited | 5.01% | 2031-04-15 | 2.50% | USG2182GAB98 |
| Xiaomi Best Time International Limited | 5.26% | 2031-07-14 | 2.88% | USY77108AD33 |
| Lenovo Group Limited | 5.47% | 2032-07-27 | 6.54% | USY5257YAM94 |
| AIA Group LTD | 5.05% | 2033-04-04 | 4.95% | US00131MAP86 |
| CK Hutchison Holdings Limited | 5.35% | 2033-04-21 | 4.88% | USG21819AB63 |
| 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 | 5.35% | 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 |
| Citic LTD | 5.70% | 2038-03-13 | 4.85% | XS1772378763 |
| CK Hutchison Holdings Limited | 5.92% | 2041-04-15 | 3.12% | USG2182GAC71 |
| AIA Group LTD | 5.95% | 2046-03-16 | 4.50% | US00131LAE56 |
| CK Hutchison Holdings Limited | 5.95% | 2049-09-06 | 3.38% | USG2176DAB40 |