Hong Kong Senior Unsecured Corporate Bond Yields (USD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-senior-unsecured-hong-kong
Hong Kong Senior Unsecured Corporate Bond Yields (USD) as of 2026-07-27: 10Y at 5.27%, fitted curve 1M–30Y (4.79%–5.95%), 82 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.79% | — |
| 3M | 4.79% | 4.80% |
| 6M | 4.80% | 4.80% |
| 9M | 4.80% | 4.81% |
| 12M | 4.81% | 4.82% |
| 18M | 4.82% | 4.84% |
| 2Y | 4.83% | 4.86% |
| 3Y | 4.85% | 4.90% |
| 4Y | 4.89% | 4.98% |
| 5Y | 4.93% | 5.09% |
| 6Y | 4.98% | 5.23% |
| 7Y | 5.04% | 5.39% |
| 8Y | 5.10% | 5.59% |
| 9Y | 5.18% | 5.80% |
| 10Y | 5.27% | 6.02% |
| 15Y | 5.67% | 6.48% |
| 20Y | 5.87% | 6.49% |
| 30Y | 5.95% | 6.11% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.83% and the 10-year 5.27%, a 10Y−2Y spread of +44 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 | 4.83% | 4.61% | 4.73% | 4.64% | 4.58% | 4.19% | 4.29% |
| 10Y | 5.27% | 5.14% | 5.11% | 5.21% | 5.36% | 4.95% | 5.13% |
| 10Y − 2Y | +44 bp | +53 bp | +38 bp | +57 bp | +78 bp | +76 bp | +84 bp |
Yields by rating group
The same curve split by credit quality: 80 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 4.79%, A+ to BBB- 4.99%, Speculative 7.31%.
Bonds in this curve
A selection of 30 of the 93 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Cathay Pacific MTN Financing (HK) Limited | 4.77% | 2026-08-17 | 4.88% | XS2333657422 |
| YI Bright International Limited | 7.16% | 2026-08-17 | 7.40% | XS2658712752 |
| FAR East Horizon Limited | 4.72% | 2026-10-26 | 4.25% | XS2393797530 |
| Icbcil Finance Co. Limited | 4.68% | 2026-11-02 | 2.25% | XS2393958488 |
| 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 |
| FAR East Horizon Limited | 5.07% | 2027-04-16 | 6.62% | XS2800583606 |
| YI Bright International Limited | 4.88% | 2027-06-20 | 6.68% | XS2843465647 |
| Bocom Leasing Management Hong Kong Company Limited | 4.79% | 2027-06-26 | 5.00% | XS2849237230 |
| Jinan Urban Construction International Investment CO., Limited | 5.32% | 2027-11-06 | 5.00% | XS2927468657 |
| Icbcil Finance Co. Limited | 4.76% | 2027-11-15 | 3.62% | XS1716970261 |
| Guotai Junan International Holdings LTD. | 5.28% | 2028-07-15 | 4.25% | XS3109419997 |
| Celestial Dynasty Limited | 6.67% | 2028-08-22 | 6.38% | XS2877153234 |
| Yuexiu Reit MTN Company Limited | 5.67% | 2029-02-12 | 6.50% | XS3278608875 |
| Henderson Land MTN Limited | 5.30% | 2029-03-01 | 3.88% | XS1957446377 |
| Citic LTD | 4.72% | 2030-02-25 | 2.85% | XS2109790001 |
| AIA Group LTD | 4.63% | 2030-04-07 | 3.38% | US00131MAJ27 |
| CMB International Leasing Management Limited | 4.77% | 2031-02-04 | 2.88% | XS2257361464 |
| Castle Peak Power Finance Company Limited | 4.76% | 2031-03-03 | 2.12% | XS2307742267 |
| Citic LTD | 5.16% | 2032-02-17 | 3.50% | XS2439108387 |
| Lenovo Group Limited | 5.21% | 2032-07-27 | 6.54% | USY5257YAM94 |
| AIA Group LTD | 4.85% | 2033-04-04 | 4.95% | US00131MAP86 |
| A&K Travel Group Holdings LTD | 7.41% | 2033-05-15 | 7.50% | US00039UAA60 |
| AIA Group LTD | 5.29% | 2034-04-05 | 5.38% | US00131MAQ69 |
| AIA Group LTD | 5.34% | 2035-03-30 | 4.95% | US00131MAR43 |
| Citic LTD | 5.15% | 2035-04-14 | 4.60% | XS1215258440 |
| Citic LTD | 5.14% | 2036-02-04 | 4.75% | XS1352923202 |
| AIA Group LTD | 5.81% | 2040-09-16 | 3.20% | US00131MAK99 |
| AIA Group LTD | 5.59% | 2044-03-11 | 4.88% | US00131M2B87 |
| AIA Group LTD | 5.97% | 2054-09-30 | 5.40% | US00131MAS26 |