中国国债（CGB）收益率
拟合即期曲线，截至 2026-07-27
https://bondscovery.com/zh/yield-curve/china-government-bonds
中国国债（CGB）收益率（截至 2026-07-27）：10Y为1.99%，拟合曲线1M–20Y（1.55%–2.31%），共30只债券。实时图表、成分债券与远期利率见bondScovery。
也常被称为中债收益率、国债收益率曲线、中国国债利率。下方曲线由中国国债（CGB）的30只债券拟合而成，涵盖从最短期票据到最长期债券，并随每日更新重建。
| 剩余期限 | 拟合收益率 | 远期利率 |
|---|---|---|
| 1M | 1.55% | — |
| 3M | 1.55% | 1.55% |
| 12M | 1.57% | 1.57% |
| 18M | 1.58% | 1.61% |
| 2Y | 1.60% | 1.64% |
| 3Y | 1.63% | 1.69% |
| 4Y | 1.67% | 1.78% |
| 5Y | 1.71% | 1.89% |
| 8Y | 1.87% | 2.14% |
| 9Y | 1.93% | 2.40% |
| 10Y | 1.99% | 2.51% |
| 15Y | 2.21% | 2.67% |
| 20Y | 2.31% | 2.60% |
2年期、10年期与10年−2年利差走势
截至 2026-07-27，2年期收益率为1.60%，10年期为1.99%，10年−2年利差+39个基点，曲线呈正向倾斜。下方图表与表格记录了两者的变化。
每月取一个更新日的2年期、10年期拟合收益率及其利差。查看今日全部倒挂曲线 →
| 期限 | 最新2026-07-27 | 1个月前2026-06-26 | 2个月前2026-05-28 | 3个月前2026-04-28 | 4个月前2026-03-30 | 5个月前2026-02-27 | 6个月前2026-01-28 |
|---|---|---|---|---|---|---|---|
| 2Y | 1.60% | 1.95% | 1.87% | 1.94% | 1.88% | — | 1.79% |
| 10Y | 1.99% | 2.09% | 2.01% | 2.09% | 2.03% | 2.09% | 2.15% |
| 10Y − 2Y | +39 bp | +14 bp | +13 bp | +15 bp | +15 bp | — | +36 bp |
曲线的成分债券
构成这条曲线的30只债券。
| 发行人 | 收益率 | 剩余期限 | 票息 | ISIN |
|---|---|---|---|---|
| China | 1.65% | 2026-09-20 | 2.53% | HK0000946795 |
| China | 1.57% | 2026-09-20 | 2.08% | HK0001054813 |
| China | 1.18% | 2026-12-12 | 3.85% | HK0000317724 |
| China | 1.23% | 2027-06-29 | 3.48% | HK0000116415 |
| China | 1.69% | 2027-09-20 | 2.13% | HK0001054821 |
| China | 1.97% | 2027-10-24 | 2.07% | HK0001055406 |
| China | 1.67% | 2027-11-02 | 2.85% | HK0000877487 |
| China | 1.26% | 2027-12-04 | 4.15% | HK0000378700 |
| China | 1.31% | 2028-04-10 | 1.88% | HK0001127569 |
| China | 1.30% | 2028-06-27 | 3.60% | HK0000153905 |
| China | 1.76% | 2028-09-20 | 2.70% | HK0000946803 |
| China | 2.02% | 2028-09-19 | 1.73% | HK0001179644 |
| China | 2.03% | 2028-10-24 | 1.72% | HK0001202198 |
| China | 1.33% | 2029-05-22 | 4.29% | HK0000200714 |
| China | 1.57% | 2029-09-20 | 2.23% | HK0001054839 |
| China | 1.76% | 2029-10-24 | 2.15% | HK0001055414 |
| China | 1.42% | 2030-04-10 | 1.93% | HK0001127551 |
| China | 1.41% | 2030-05-21 | 3.60% | HK0000251345 |
| China | 1.72% | 2030-09-19 | 1.83% | HK0001179651 |
| China | 2.03% | 2030-10-24 | 1.80% | HK0001206249 |
| China | 1.54% | 2031-12-12 | 4.15% | HK0000317732 |
| China | 1.68% | 2034-05-22 | 4.50% | HK0000200722 |
| China | 2.34% | 2034-10-24 | 2.45% | HK0001055398 |
| China | 2.19% | 2035-09-19 | 2.10% | HK0001179669 |
| China | 1.96% | 2035-10-24 | 2.09% | HK0001206256 |
| China | 1.77% | 2035-11-30 | 4.00% | HK0000274073 |
| China | 1.79% | 2036-07-04 | 3.90% | HK0000299005 |
| China | 2.28% | 2043-06-27 | 3.95% | HK0000153913 |
| China | 2.30% | 2045-05-21 | 4.10% | HK0000251295 |
| China | 2.33% | 2046-12-12 | 4.40% | HK0000317740 |