Last Update: 4 Mar 2021 19:15 GMT+0
The China 10Y Government Bond has a 3.290% yield.
10 Years vs 2 Years bond spread is 35.2 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 31.63 and implied probability of default is 0.53%.
| Yield Comparison | Spread | Curve Convexity | ||
|---|---|---|---|---|
| 2Y vs 1Y | 38.3 bp | Normal Convexity in Short-Term Maturities | ||
| 5Y vs 2Y | 13.4 bp | Yield Curve is flat in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | 35.2 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)
|
- |
| 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 | 31.63 | +7.34 % | +5.84 % | -29.63 % | 0.53 % |
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 | 2.555% | -16.1 bp | +4.0 bp | 97.51 | +0.15 % | -0.04 % | |||
| 2 years | 2.938% | +11.8 bp | +19.4 bp | 94.37 | -0.23 % | -0.38 % | |||
| 3 years | 2.906% | +0.2 bp | -5.6 bp | 91.77 | 0.00 % | +0.16 % | |||
| 5 years | 3.072% | +1.7 bp | +1.0 bp | 85.96 | -0.08 % | -0.05 % | |||
| 7 years | 3.240% | +2.0 bp | +3.6 bp | 80.00 | -0.12 % | -0.24 % | |||
| 10 years | 3.290% | +3.5 bp | +15.2 bp | 72.35 | -0.33 % | -1.46 % | |||
| 15 years | 3.627% | +0.8 bp | +4.3 bp | 58.60 | -0.12 % | -0.63 % | |||
| 20 years | 3.786% | +2.5 bp | +12.0 bp | 47.56 | -0.48 % | -2.28 % | |||
| 30 years | 3.824% | +2.2 bp | -1.5 bp | 32.44 | -0.64 % | +0.43 % | |||
10Y Bond Yield Spread - China vs Main Countries
The China 10Y Government Bond has a 3.290% 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 | 358.3 bp | -12.8 | -2.1 | ||
| France 10Y | 332.6 bp | -16.8 | +1.8 | ||
| Japan 10Y | 315.7 bp | -4.4 | +5.6 | ||
| Spain 10Y | 296.9 bp | -16.5 | +18.6 | ||
| United Kingdom 10Y | 251.4 bp | -29.5 | -35.4 | ||
| Italy 10Y | 251.4 bp | -19.7 | +45.4 | ||
| Canada 10Y | 179.3 bp | -49.8 | -74.9 | ||
| United States 10Y | 174.3 bp | -37.6 | -67.4 | ||
| Australia 10Y | 147.0 bp | -54.7 | -71.1 | ||
| India 10Y | -292.2 bp | -10.3 | -13.0 | ||
| Russia 10Y | -326.5 bp | -23.0 | -25.8 | ||
| Brazil 10Y | -532.1 bp | -120.0 | -178.8 |
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 | 3.824% | 32.44 | 50.11 | 85.44 | 120.78 | 156.11 | 191.45 | |
| 20 years | 3.786% | 47.56 | 61.41 | 89.11 | 116.82 | 144.52 | 172.22 | |
| 15 years | 3.627% | 58.60 | 70.02 | 92.84 | 115.67 | 138.50 | 161.33 | |
| 10 years | 3.290% | 72.35 | 80.75 | 97.56 | 114.37 | 131.18 | 147.99 | |
| 7 years | 3.240% | 80.00 | 86.17 | 98.52 | 110.87 | 123.22 | 135.56 | |
| 5 years | 3.072% | 85.96 | 90.53 | 99.67 | 108.81 | 117.95 | 127.09 | |
| 3 years | 2.906% | 91.77 | 94.60 | 100.27 | 105.93 | 111.60 | 117.27 | |
| 2 years | 2.938% | 94.37 | 96.29 | 100.12 | 103.95 | 107.78 | 111.61 | |
| 1 year | 2.555% | 97.51 | 98.48 | 100.43 | 102.38 | 104.33 | 106.28 | |
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||