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China bond yield curves

China government and corporate bond yield curves by currency, rating, sector and issuer — 30 curves, rebuilt daily on bondScovery. Fitted yields around the 10-year mark currently run from 1.88% (CNY) to 6.03% (USD).

Corporate

CurveYield (~10Y)Bonds
USD Corporate China5.43%111
USD Corporate Senior Unsecured China5.44%109
USD Corporate A+–BBB- (Investment Grade) China5.57%89
USD Corporate Senior Unsecured A+–BBB- (Investment Grade) China5.57%87
USD Corporate China Callable5.56%71
USD Corporate Senior Unsecured China Callable5.56%70
USD Corporate A+–BBB- (Investment Grade) China Callable5.58%68
USD Corporate Senior Unsecured A+–BBB- (Investment Grade) China Callable5.60%67
CNY Corporate China2.36%64
CNY Corporate China Non-Callable2.43%59
CNY Corporate Senior Unsecured China2.36%54
USD Corporate Technology, Media & Telecom China5.66%49
CNY Corporate Senior Unsecured China Non-Callable2.58%49
USD Corporate Technology, Media & Telecom China Callable5.68%48
USD Corporate China Non-Callable5.03%40
USD Corporate Senior Unsecured China Non-Callable4.99%39
USD Corporate TENCENT HOLDINGS LTD5.33%21
USD Corporate TENCENT HOLDINGS LTD Callable5.42%20
USD Corporate ALIBABA GROUP HOLDING LIMITED5.63%12
USD Corporate China National Offshore Oil Corporation (CNOOC Group)5.23%11
USD Corporate China National Offshore Oil Corporation (CNOOC Group) Senior Unsecured5.24%10
USD Corporate BAIDU INC5.03%7
USD Corporate MEITUAN6.03%5
CNY Corporate BANK OF CHINA LIMITED1.70% at 2Y4
CNY Corporate ALIBABA GROUP HOLDING LIMITED2.30%4
CNY Corporate CHINA CONSTRUCTION BANK CORPORATION1.76% at 3Y4
USD Corporate INDUSTRIAL AND COMMERCIAL BANK OF CHINA LTD4.80% at 18M4

Government

CurveYield (~10Y)Bonds
China Government Bond (CGB)1.88%30
Chinese Government (EUR)3.71%14
Chinese Government (USD)4.33%11