Last Update: 26 Sep 2020 0:15 GMT+0
The China 10Y Government Bond has a 3.127% yield.
10 Years vs 2 Years bond spread is 38.1 bp. Normal Convexity in Long-Term vs Short-Term Maturities.
Central Bank Rate is 3.85% (last modification in April 2020).
The China credit rating is A+, according to Standard & Poor's agency.
Current 5-Years Credit Default Swap quotation is 51.14 and implied probability of default is 0.85%.
| Yield Comparison | Spread | Curve Convexity | ||
|---|---|---|---|---|
| 2Y vs 1Y | 16.9 bp | Normal Convexity in Short-Term Maturities | ||
| 5Y vs 2Y | 19.7 bp | Normal Convexity in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | 38.1 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 | 3.85% |
| Credit Default Swap | CDS Value | Var % 1W | Var % 1M | Var % 1Y | Implied PD | |
|---|---|---|---|---|---|---|
| 5 Years CDS | 51.14 | +40.69 % | +42.76 % | +6.50 % | 0.85 % |
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 | 2.577% | +13.5 bp | +85.5 bp | 97.49 | -0.13 % | -0.83 % | |||
| 2 years | 2.746% | +15.3 bp | +75.4 bp | 94.73 | -0.29 % | -1.46 % | |||
| 3 years | 2.827% | -3.7 bp | +66.4 bp | 91.98 | +0.11 % | -1.92 % | |||
| 5 years | 2.943% | +1.7 bp | +57.8 bp | 86.50 | -0.08 % | -2.78 % | |||
| 7 years | 3.162% | +6.2 bp | +55.6 bp | 80.42 | -0.42 % | -3.71 % | |||
| 10 years | 3.127% | +5.9 bp | +44.3 bp | 73.50 | -0.57 % | -4.21 % | |||
| 15 years | 3.592% | +5.3 bp | +54.6 bp | 58.90 | -0.76 % | -7.62 % | |||
| 20 years | 3.793% | +15.6 bp | +66.6 bp | 47.49 | -2.96 % | -12.09 % | |||
| 30 years | 3.859% | +7.4 bp | +55.6 bp | 32.11 | -2.13 % | -14.87 % | |||
10Y Bond Yield Spread - China vs Main Countries
The China 10Y Government Bond has a 3.127% 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 | 365.3 bp | +16.3 | +60.1 | ||
| France 10Y | 337.9 bp | +18.1 | +65.4 | ||
| Japan 10Y | 312.1 bp | +9.2 | +45.7 | ||
| United Kingdom 10Y | 293.4 bp | +16.6 | +63.1 | ||
| Spain 10Y | 288.0 bp | +18.6 | +70.9 | ||
| Canada 10Y | 258.5 bp | +12.6 | +74.3 | ||
| United States 10Y | 247.1 bp | +9.1 | +63.5 | ||
| Australia 10Y | 228.9 bp | +14.8 | +51.9 | ||
| Italy 10Y | 223.6 bp | +24.9 | +73.7 | ||
| India 10Y | -291.1 bp | +22.4 | +63.0 | ||
| Russia 10Y | -315.3 bp | -1.6 | +120.3 | ||
| Brazil 10Y | -394.7 bp | -18.5 | +190.9 |
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 | 3.859% | 32.11 | 49.70 | 84.89 | 120.07 | 155.26 | 190.44 | |
| 20 years | 3.793% | 47.49 | 61.34 | 89.02 | 116.71 | 144.39 | 172.08 | |
| 15 years | 3.592% | 58.90 | 70.34 | 93.23 | 116.11 | 139.00 | 161.88 | |
| 10 years | 3.127% | 73.50 | 81.97 | 98.92 | 115.87 | 132.82 | 149.77 | |
| 7 years | 3.162% | 80.42 | 86.61 | 99.00 | 111.38 | 123.77 | 136.15 | |
| 5 years | 2.943% | 86.50 | 91.09 | 100.26 | 109.44 | 118.61 | 127.78 | |
| 3 years | 2.827% | 91.98 | 94.81 | 100.49 | 106.17 | 111.84 | 117.52 | |
| 2 years | 2.746% | 94.73 | 96.65 | 100.49 | 104.33 | 108.17 | 112.01 | |
| 1 year | 2.577% | 97.49 | 98.46 | 100.41 | 102.36 | 104.31 | 106.26 | |
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||