Last Update: 22 Feb 2019 1:15 GMT+0
The China 10Y Government Bond has a 3.162% yield.
10 Years vs 2 Years bond spread is 56.8 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 51.73 and implied probability of default is 0.86%.
| Yield Comparison | Spread | Curve Convexity | ||
|---|---|---|---|---|
| 2Y vs 1Y | 26.7 bp | Normal Convexity in Short-Term Maturities | ||
| 5Y vs 2Y | 34 bp | Normal Convexity in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | 56.8 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 | 4.35% |
| Credit Default Swap | CDS Value | Var % 1W | Var % 1M | Implied PD | |
|---|---|---|---|---|---|
| 5 Years CDS | 51.73 | -4.36 % | -12.12 % | 0.86 % |
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 | 2.327% | -12.8 bp | -58.7 bp | 97.73 | +0.13 % | +0.58 % | |||
| 2 years | 2.594% | -5.9 bp | -63.8 bp | 95.01 | +0.12 % | +1.25 % | |||
| 3 years | 2.687% | -2.8 bp | -67.9 bp | 92.35 | +0.08 % | +1.99 % | |||
| 5 years | 2.934% | -1.1 bp | -54.3 bp | 86.54 | +0.06 % | +2.67 % | |||
| 7 years | 3.111% | +0.6 bp | -51.9 bp | 80.70 | -0.04 % | +3.58 % | |||
| 10 years | 3.162% | +3.2 bp | -48.4 bp | 73.25 | -0.31 % | +4.79 % | |||
| 15 years | 3.452% | +4.2 bp | -50.0 bp | 60.11 | -0.60 % | +7.51 % | |||
| 20 years | 3.480% | +4.3 bp | -50.3 bp | 50.45 | -0.83 % | +10.18 % | |||
| 30 years | 3.759% | +1.9 bp | -47.9 bp | 33.05 | -0.57 % | +14.80 % | |||
10Y Bond Yield Spread - China vs Main Countries
The China 10Y Government Bond has a 3.162% 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 |
|
|---|---|---|---|---|---|
| Japan 10Y | 319.9 bp | +7.3 | -35.3 | ||
| Germany 10Y | 303.8 bp | +13.6 | -26.8 | ||
| France 10Y | 261.7 bp | +12.6 | -34.1 | ||
| United Kingdom 10Y | 196.0 bp | +15.0 | -41.9 | ||
| Spain 10Y | 193.9 bp | +16.7 | -30.5 | ||
| Canada 10Y | 123.8 bp | +7.7 | -15.1 | ||
| Australia 10Y | 106.0 bp | +21.1 | -4.6 | ||
| United States 10Y | 47.4 bp | +9.0 | -35.3 | ||
| Italy 10Y | 30.5 bp | -4.5 | -27.8 | ||
| India 10Y | -438.2 bp | +2.1 | -20.1 | ||
| Russia 10Y | -527.8 bp | -12.8 | -30.4 | ||
| Brazil 10Y | -583.8 bp | +9.2 | +267.6 |
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 | 3.759% | 33.05 | 50.86 | 86.48 | 122.10 | 157.72 | 193.34 | |
| 20 years | 3.480% | 50.45 | 64.69 | 93.17 | 121.64 | 150.12 | 178.59 | |
| 15 years | 3.452% | 60.11 | 71.66 | 94.78 | 117.89 | 141.00 | 164.12 | |
| 10 years | 3.162% | 73.25 | 81.71 | 98.63 | 115.55 | 132.47 | 149.39 | |
| 7 years | 3.111% | 80.70 | 86.90 | 99.31 | 111.72 | 124.13 | 136.54 | |
| 5 years | 2.934% | 86.54 | 91.13 | 100.30 | 109.48 | 118.66 | 127.83 | |
| 3 years | 2.687% | 92.35 | 95.20 | 100.89 | 106.58 | 112.27 | 117.97 | |
| 2 years | 2.594% | 95.01 | 96.93 | 100.78 | 104.63 | 108.48 | 112.33 | |
| 1 year | 2.327% | 97.73 | 98.70 | 100.66 | 102.61 | 104.57 | 106.52 | |
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||