Last Update: 18 Jun 2019 18:15 GMT+0
The China 10Y Government Bond has a 3.259% yield.
10 Years vs 2 Years bond spread is 37.5 bp. Normal Convexity in Long-Term vs Short-Term Maturities
Central Bank Rate is 4.35%.
The China rating is A+, according to Standard & Poor's agency.
Current 5-Years Credit Default Swap quotation is 49.04 and implied probability of default is 0.82%.
| Yield Comparison | Spread | Curve Convexity | ||
|---|---|---|---|---|
| 2Y vs 1Y | 25.7 bp | Normal Convexity in Short-Term Maturities | ||
| 5Y vs 2Y | 18.9 bp | Normal Convexity in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | 37.5 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 | 4.35% |
| Credit Default Swap | CDS Value | Var % 1W | Var % 1M | Implied PD | |
|---|---|---|---|---|---|
| 5 Years CDS | 49.04 | -3.79 % | -0.87 % | 0.82 % |
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 | 2.627% | +0.7 bp | +0.8 bp | 97.44 | -0.01 % | -0.01 % | |||
| 2 years | 2.884% | -1.1 bp | +7.5 bp | 94.47 | +0.02 % | -0.15 % | |||
| 3 years | 2.944% | -3.3 bp | -0.5 bp | 91.66 | +0.09 % | +0.01 % | |||
| 5 years | 3.073% | -7.0 bp | -2.5 bp | 85.96 | +0.35 % | +0.13 % | |||
| 7 years | 3.269% | -7.9 bp | -4.8 bp | 79.84 | +0.54 % | +0.33 % | |||
| 10 years | 3.259% | -2.4 bp | -15.0 bp | 72.56 | +0.22 % | +1.45 % | |||
| 15 years | 3.571% | -5.0 bp | -6.5 bp | 59.08 | +0.73 % | +0.96 % | |||
| 20 years | 3.610% | -5.3 bp | -6.5 bp | 49.20 | +1.03 % | +1.26 % | |||
| 30 years | 3.852% | -8.0 bp | -1.8 bp | 32.18 | +2.35 % | +0.53 % | |||
10Y Bond Yield Spread - China vs Main Countries
The China 10Y Government Bond has a 3.259% 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 | 357.8 bp | +18.9 | +40.9 | ||
| Japan 10Y | 339.3 bp | +5.4 | +0.7 | ||
| France 10Y | 324.5 bp | +24.8 | +54.5 | ||
| Spain 10Y | 286.1 bp | +46.1 | +83.7 | ||
| United Kingdom 10Y | 245.1 bp | +20.6 | +32.2 | ||
| Australia 10Y | 190.2 bp | +25.8 | +89.0 | ||
| Canada 10Y | 183.3 bp | +23.9 | +43.9 | ||
| United States 10Y | 120.1 bp | +31.1 | +61.8 | ||
| Italy 10Y | 113.8 bp | +53.5 | +65.6 | ||
| India 10Y | -354.9 bp | +53.0 | +38.7 | ||
| Russia 10Y | -430.1 bp | +45.6 | +107.0 | ||
| Brazil 10Y | -463.1 bp | +118.6 | +168.0 |
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 | 3.852% | 32.18 | 49.78 | 85.00 | 120.21 | 155.43 | 190.64 | |
| 20 years | 3.610% | 49.20 | 63.27 | 91.42 | 119.56 | 147.70 | 175.85 | |
| 15 years | 3.571% | 59.08 | 70.54 | 93.46 | 116.38 | 139.29 | 162.21 | |
| 10 years | 3.259% | 72.56 | 80.98 | 97.82 | 114.66 | 131.49 | 148.33 | |
| 7 years | 3.269% | 79.84 | 86.01 | 98.34 | 110.68 | 123.01 | 135.35 | |
| 5 years | 3.073% | 85.96 | 90.53 | 99.67 | 108.81 | 117.95 | 127.09 | |
| 3 years | 2.944% | 91.66 | 94.50 | 100.16 | 105.82 | 111.49 | 117.15 | |
| 2 years | 2.884% | 94.47 | 96.39 | 100.22 | 104.06 | 107.89 | 111.72 | |
| 1 year | 2.627% | 97.44 | 98.41 | 100.36 | 102.31 | 104.26 | 106.21 | |
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||