bondScovery

China bond yield curves

China government and corporate bond yield curves by currency, rating, sector and issuer — 35 curves, rebuilt daily on bondScovery. Fitted yields around the 10-year mark currently run from 1.99% (CNY) to 5.76% (USD).

Corporate

CurveYield (~10Y)Bonds
USD Corporate China5.15%115
USD Corporate Senior Unsecured China5.25%98
USD Corporate A+–BBB- (Investment Grade) China5.22%94
USD Corporate Senior Unsecured A+–BBB- (Investment Grade) China5.30%82
USD Corporate China Callable5.27%71
USD Corporate A+–BBB- (Investment Grade) China Callable5.27%68
USD Corporate Senior Unsecured China Callable5.35%59
CNY Corporate China2.28%59
USD Corporate Senior Unsecured A+–BBB- (Investment Grade) China Callable5.35%57
CNY Corporate China Non-Callable2.50%54
USD Corporate Technology, Media & Telecom China5.33%51
CNY Corporate Senior Unsecured China2.49%49
USD Corporate Technology, Media & Telecom China Callable5.32%47
USD Corporate China Non-Callable4.84%44
CNY Corporate Senior Unsecured China Non-Callable2.64%44
USD Corporate Senior Unsecured China Non-Callable5.24%39
CNY Corporate A+–BBB- (Investment Grade) China2.57%29
USD Corporate TENCENT HOLDINGS LTD5.17%23
USD Corporate TENCENT HOLDINGS LTD Callable5.15%19
USD Corporate ALIBABA GROUP HOLDING LIMITED5.24%11
USD Corporate China National Offshore Oil Corporation (CNOOC Group)4.90%10
USD Corporate MEITUAN5.76%8
USD Corporate STATE GRID OVERSEAS INVESTMENT (BVI) LIMITED5.11%8
USD Corporate BAIDU INC4.72%7
USD Corporate STATE GRID OVERSEAS INVESTMENT (BVI) LIMITED Joint Guarantee4.22% at 2Y5
USD Corporate STATE GRID OVERSEAS INVESTMENT (BVI) LIMITED Non-Callable5.68%5
CNY Corporate BANK OF CHINA LIMITED1.65% at 2Y4
CNY Corporate ALIBABA GROUP HOLDING LIMITED2.50%4
CNY Corporate CHINA CONSTRUCTION BANK CORPORATION1.72% at 3Y4
USD Corporate INDUSTRIAL AND COMMERCIAL BANK OF CHINA LTD4.66% at 2Y4
USD Corporate TENCENT HOLDINGS LTD Non-Callable5.24%4
USD Corporate STATE GRID OVERSEAS INVESTMENT (BVI) LIMITED Joint Guarantee Non-Callable4.52% at 2Y4

Government

CurveYield (~10Y)Bonds
China Government Bond (CGB)1.99%30
Chinese Government (EUR)3.35%13
Chinese Government (USD)4.07% at 18M4