Last Update: 24 Nov 2020 1:15 GMT+0
The China 10Y Government Bond has a 3.323% yield.
10 Years vs 2 Years bond spread is 25.5 bp. Yield Curve is flat 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 32.17 and implied probability of default is 0.54%.
| Yield Comparison | Spread | Curve Convexity | ||
|---|---|---|---|---|
| 2Y vs 1Y | 7.2 bp | Yield Curve is flat in Short-Term Maturities | ||
| 5Y vs 2Y | 7.1 bp | Yield Curve is flat in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | 25.5 bp | Yield Curve is flat 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 | 32.17 | -2.99 % | -56.90 % | -20.53 % | 0.54 % |
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 | 2.996% | +37.7 bp | +152.1 bp | 97.09 | -0.37 % | -1.48 % | |||
| 2 years | 3.068% | +23.0 bp | +147.9 bp | 94.14 | -0.44 % | -2.85 % | |||
| 3 years | 3.085% | +15.3 bp | +142.8 bp | 91.29 | -0.45 % | -4.10 % | |||
| 5 years | 3.139% | +11.2 bp | +109.3 bp | 85.68 | -0.55 % | -5.19 % | |||
| 7 years | 3.320% | +8.0 bp | +79.1 bp | 79.56 | -0.55 % | -5.24 % | |||
| 10 years | 3.323% | +12.1 bp | +71.4 bp | 72.12 | -1.16 % | -6.69 % | |||
| 15 years | 3.724% | +6.3 bp | +48.3 bp | 57.78 | -0.91 % | -6.78 % | |||
| 20 years | 3.887% | +3.5 bp | +51.4 bp | 46.64 | -0.68 % | -9.45 % | |||
| 30 years | 3.936% | +2.3 bp | +45.6 bp | 31.41 | -0.66 % | -12.34 % | |||
10Y Bond Yield Spread - China vs Main Countries
The China 10Y Government Bond has a 3.323% 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 | 390.3 bp | +12.3 | +80.1 | ||
| France 10Y | 366.9 bp | +16.1 | +102.4 | ||
| Japan 10Y | 330.4 bp | +13.9 | +68.4 | ||
| Spain 10Y | 325.7 bp | +24.7 | +134.4 | ||
| United Kingdom 10Y | 300.0 bp | +6.7 | +56.1 | ||
| Italy 10Y | 273.4 bp | +28.9 | +172.0 | ||
| Canada 10Y | 263.3 bp | +7.3 | +52.9 | ||
| United States 10Y | 244.8 bp | +8.7 | +49.6 | ||
| Australia 10Y | 243.2 bp | +6.6 | +69.7 | ||
| Russia 10Y | -247.7 bp | +30.1 | +38.4 | ||
| India 10Y | -257.7 bp | +6.5 | +77.5 | ||
| Brazil 10Y | -449.7 bp | -15.2 | +24.7 |
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 | 3.936% | 31.41 | 48.83 | 83.69 | 118.54 | 153.40 | 188.25 | |
| 20 years | 3.887% | 46.64 | 60.37 | 87.82 | 115.28 | 142.73 | 170.19 | |
| 15 years | 3.724% | 57.78 | 69.12 | 91.79 | 114.46 | 137.14 | 159.81 | |
| 10 years | 3.323% | 72.12 | 80.51 | 97.29 | 114.07 | 130.85 | 147.64 | |
| 7 years | 3.320% | 79.56 | 85.72 | 98.03 | 110.34 | 122.65 | 134.97 | |
| 5 years | 3.139% | 85.68 | 90.24 | 99.37 | 108.49 | 117.61 | 126.74 | |
| 3 years | 3.085% | 91.29 | 94.11 | 99.76 | 105.41 | 111.06 | 116.70 | |
| 2 years | 3.068% | 94.14 | 96.05 | 99.87 | 103.69 | 107.52 | 111.34 | |
| 1 year | 2.996% | 97.09 | 98.06 | 100.00 | 101.95 | 103.89 | 105.83 | |
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||