Last Update: 14 Dec 2019 3:15 GMT+0
The China 10Y Government Bond has a 3.221% yield.
10 Years vs 2 Years bond spread is 45.7 bp. Normal Convexity in Long-Term vs Short-Term Maturities.
Central Bank Rate is 4.15% (last modification in November 2019).
The China credit rating is A+, according to Standard & Poor's agency.
Current 5-Years Credit Default Swap quotation is 35.00 and implied probability of default is 0.58%.
| Yield Comparison | Spread | Curve Convexity | ||
|---|---|---|---|---|
| 2Y vs 1Y | 8 bp | Yield Curve is flat in Short-Term Maturities | ||
| 5Y vs 2Y | 20.2 bp | Normal Convexity in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | 45.7 bp | Normal Convexity in Long-Term vs Short-Term Maturities | ||
| Rating Agency | Rating | Outlook |
|---|---|---|
| Standard & Poor's |
A+
|
- |
| Moody's Investors Service |
A1
|
- |
| Fitch Ratings |
A+
|
- |
| DBRS |
A (high)
|
negative |
| China Credit Ratings History | ||
| Interest Rates | |
|---|---|
| Central Bank Rate | 4.15% |
| Credit Default Swap | CDS Value | Var % 1W | Var % 1M | Var % 1Y | Implied PD | |
|---|---|---|---|---|---|---|
| 5 Years CDS | 35.00 | -7.35 % | -12.07 % | -45.61 % | 0.58 % |
China Government Bonds
List of available Government Bonds. Click on the "Residual Maturity" link to get historical serie. Click on the Forecast link
, to see preditions of bond yield.
Price refers to a hypothetical zero coupon bond, with a face value 100.
| Residual Maturity |
Yield | ZC Price | Fx | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Last | Chg 1M | Chg 6M | Last | Chg 1M | Chg 6M | ||||
| 1 year | 2.684% | -3.1 bp | +15.3 bp | 97.39 | +0.03 % | -0.14 % | |||
| 2 years | 2.764% | -6.6 bp | -15.2 bp | 94.69 | +0.13 % | +0.30 % | |||
| 3 years | 2.788% | -7.5 bp | -20.2 bp | 92.08 | +0.22 % | +0.59 % | |||
| 5 years | 2.966% | -5.9 bp | -14.9 bp | 86.40 | +0.28 % | +0.72 % | |||
| 7 years | 3.142% | -6.2 bp | -15.7 bp | 80.53 | +0.42 % | +1.07 % | |||
| 10 years | 3.221% | -5.0 bp | -5.8 bp | 72.83 | +0.48 % | +0.57 % | |||
| 15 years | 3.521% | +1.4 bp | -8.7 bp | 59.51 | -0.20 % | +1.28 % | |||
| 20 years | 3.549% | -7.3 bp | -8.4 bp | 49.78 | +1.41 % | +1.63 % | |||
| 30 years | 3.818% | -7.7 bp | -7.8 bp | 32.50 | +2.27 % | +2.30 % | |||
10Y Bond Yield Spread - China vs Main Countries
The China 10Y Government Bond has a 3.221% yield. Click on Spread value for the historical serie.
A positive spread (marked by a red circle) means that the 10Y Bond Yield is higher than the corresponding foreign bond.
Clicking on the "Full Country Comparison" link, you can perform a full check of available data and see the differences between the countries.
| China 10Y vs | Current Spread | Chg 1M | Chg 6M | Country Full Comparison |
|
|---|---|---|---|---|---|
| Germany 10Y | 352.1 bp | -9.8 | -1.2 | ||
| Japan 10Y | 324.1 bp | -10.2 | -16.8 | ||
| France 10Y | 322.6 bp | -7.1 | +3.7 | ||
| Spain 10Y | 281.8 bp | 0.0 | +4.0 | ||
| United Kingdom 10Y | 243.6 bp | -12.7 | +0.1 | ||
| Australia 10Y | 206.1 bp | -7.0 | +15.4 | ||
| Italy 10Y | 196.7 bp | +9.6 | +102.8 | ||
| Canada 10Y | 163.8 bp | -16.6 | -20.2 | ||
| United States 10Y | 139.7 bp | -5.2 | +20.4 | ||
| Russia 10Y | -312.9 bp | +8.0 | +125.2 | ||
| Brazil 10Y | -351.7 bp | -10.9 | +113.4 | ||
| India 10Y | -356.1 bp | -31.7 | +7.9 |
China Government Bonds Prices
Price Simulation: bonds with a face value of 100, with different coupon rates. The overall yield is the current market yield. The highlighted column refers to the zero coupon bond.
| Residual Maturity |
Yield | Bond Price - with different Coupon Rates | ||||||
|---|---|---|---|---|---|---|---|---|
| 0% | 1% | 3% | 5% | 7% | 9% | |||
| 30 years | 3.818% | 32.50 | 50.18 | 85.54 | 120.90 | 156.26 | 191.62 | |
| 20 years | 3.549% | 49.78 | 63.93 | 92.23 | 120.53 | 148.83 | 177.13 | |
| 15 years | 3.521% | 59.51 | 71.01 | 94.01 | 117.01 | 140.01 | 163.01 | |
| 10 years | 3.221% | 72.83 | 81.27 | 98.14 | 115.01 | 131.88 | 148.74 | |
| 7 years | 3.142% | 80.53 | 86.73 | 99.12 | 111.51 | 123.91 | 136.30 | |
| 5 years | 2.966% | 86.40 | 90.99 | 100.16 | 109.32 | 118.49 | 127.66 | |
| 3 years | 2.788% | 92.08 | 94.92 | 100.60 | 106.28 | 111.96 | 117.64 | |
| 2 years | 2.764% | 94.69 | 96.61 | 100.45 | 104.29 | 108.13 | 111.97 | |
| 1 year | 2.684% | 97.39 | 98.36 | 100.31 | 102.26 | 104.20 | 106.15 | |
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||