Last Update: 26 Jan 2020 7:15 GMT+0
The China 10Y Government Bond has a 3.034% yield.
10 Years vs 2 Years bond spread is 54.4 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 37.36 and implied probability of default is 0.62%.
| Yield Comparison | Spread | Curve Convexity | ||
|---|---|---|---|---|
| 2Y vs 1Y | 24.5 bp | Normal Convexity in Short-Term Maturities | ||
| 5Y vs 2Y | 24.8 bp | Normal Convexity in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | 54.4 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 | 37.36 | +27.04 % | +19.01 % | -35.50 % | 0.62 % |
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 | 2.245% | -21.0 bp | -35.4 bp | 97.80 | +0.20 % | +0.34 % | |||
| 2 years | 2.490% | -18.0 bp | -29.0 bp | 95.20 | +0.35 % | +0.57 % | |||
| 3 years | 2.510% | -15.5 bp | -36.3 bp | 92.83 | +0.45 % | +1.07 % | |||
| 5 years | 2.738% | -12.0 bp | -26.4 bp | 87.37 | +0.59 % | +1.30 % | |||
| 7 years | 2.905% | -15.3 bp | -29.8 bp | 81.84 | +1.05 % | +2.04 % | |||
| 10 years | 3.034% | -13.0 bp | -14.1 bp | 74.16 | +1.27 % | +1.37 % | |||
| 15 years | 3.348% | -14.4 bp | -19.3 bp | 61.02 | +2.11 % | +2.83 % | |||
| 20 years | 3.449% | -7.0 bp | -11.7 bp | 50.75 | +1.36 % | +2.28 % | |||
| 30 years | 3.611% | -11.7 bp | -23.9 bp | 34.50 | +3.45 % | +7.14 % | |||
10Y Bond Yield Spread - China vs Main Countries
The China 10Y Government Bond has a 3.034% 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 | 337.3 bp | -3.6 | -18.2 | ||
| France 10Y | 311.5 bp | +1.0 | -18.2 | ||
| Japan 10Y | 304.4 bp | -13.6 | -28.2 | ||
| Spain 10Y | 269.1 bp | -5.1 | -8.9 | ||
| United Kingdom 10Y | 246.7 bp | +7.3 | -1.9 | ||
| Australia 10Y | 197.3 bp | +10.5 | +2.1 | ||
| Italy 10Y | 180.9 bp | +7.0 | +20.6 | ||
| Canada 10Y | 166.9 bp | +12.2 | -4.1 | ||
| United States 10Y | 134.8 bp | +7.8 | +24.7 | ||
| Russia 10Y | -317.1 bp | -2.5 | +96.4 | ||
| India 10Y | -354.4 bp | -13.2 | -19.4 | ||
| Brazil 10Y | -366.3 bp | -0.6 | +39.2 |
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 | 3.611% | 34.50 | 52.64 | 88.92 | 125.19 | 161.47 | 197.75 | |
| 20 years | 3.449% | 50.75 | 65.03 | 93.59 | 122.15 | 150.70 | 179.26 | |
| 15 years | 3.348% | 61.02 | 72.66 | 95.95 | 119.23 | 142.52 | 165.81 | |
| 10 years | 3.034% | 74.16 | 82.68 | 99.71 | 116.74 | 133.77 | 150.80 | |
| 7 years | 2.905% | 81.84 | 88.09 | 100.59 | 113.10 | 125.60 | 138.11 | |
| 5 years | 2.738% | 87.37 | 91.98 | 101.21 | 110.44 | 119.67 | 128.89 | |
| 3 years | 2.510% | 92.83 | 95.69 | 101.40 | 107.11 | 112.82 | 118.53 | |
| 2 years | 2.490% | 95.20 | 97.13 | 100.98 | 104.84 | 108.69 | 112.55 | |
| 1 year | 2.245% | 97.80 | 98.78 | 100.74 | 102.69 | 104.65 | 106.61 | |
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||