Last Update: 23 Aug 2019 4:15 GMT+0
The China 10Y Government Bond has a 3.072% yield.
10 Years vs 2 Years bond spread is 41.4 bp. Normal Convexity in Long-Term vs Short-Term Maturities
Central Bank Rate is 4.25%.
The China rating is A+, according to Standard & Poor's agency.
Current 5-Years Credit Default Swap quotation is 46.04 and implied probability of default is 0.77%.
| Yield Comparison | Spread | Curve Convexity | ||
|---|---|---|---|---|
| 2Y vs 1Y | 10.8 bp | Normal Convexity in Short-Term Maturities | ||
| 5Y vs 2Y | 28.1 bp | Normal Convexity in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | 41.4 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 | 4.25% |
| Credit Default Swap | CDS Value | Var % 1W | Var % 1M | Implied PD | |
|---|---|---|---|---|---|
| 5 Years CDS | 46.04 | -11.30 % | +10.69 % | 0.77 % |
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 | 2.550% | -6.7 bp | +21.7 bp | 97.51 | +0.06 % | -0.21 % | |||
| 2 years | 2.658% | -12.5 bp | +5.6 bp | 94.89 | +0.24 % | -0.11 % | |||
| 3 years | 2.820% | -5.2 bp | +13.8 bp | 92.00 | +0.15 % | -0.40 % | |||
| 5 years | 2.939% | -6.0 bp | +1.6 bp | 86.52 | +0.29 % | -0.07 % | |||
| 7 years | 3.113% | -8.0 bp | +1.0 bp | 80.69 | +0.55 % | -0.06 % | |||
| 10 years | 3.072% | -9.0 bp | -7.6 bp | 73.89 | +0.87 % | +0.74 % | |||
| 15 years | 3.392% | -14.2 bp | -6.0 bp | 60.63 | +2.07 % | +0.87 % | |||
| 20 years | 3.461% | -9.8 bp | +8.3 bp | 50.64 | +1.91 % | -1.59 % | |||
| 30 years | 3.708% | -12.7 bp | -4.8 bp | 33.55 | +3.74 % | +1.42 % | |||
10Y Bond Yield Spread - China vs Main Countries
The China 10Y Government Bond has a 3.072% 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 | 371.3 bp | +20.3 | +65.4 | ||
| France 10Y | 342.9 bp | +17.9 | +79.9 | ||
| Japan 10Y | 331.0 bp | +0.2 | +12.2 | ||
| Spain 10Y | 291.0 bp | +15.6 | +94.6 | ||
| United Kingdom 10Y | 255.3 bp | +7.9 | +56.5 | ||
| Australia 10Y | 209.4 bp | +25.2 | +102.7 | ||
| Canada 10Y | 178.2 bp | +11.1 | +52.5 | ||
| Italy 10Y | 176.7 bp | +20.8 | +149.4 | ||
| United States 10Y | 143.5 bp | +34.5 | +94.1 | ||
| India 10Y | -349.8 bp | -19.6 | +95.9 | ||
| Russia 10Y | -412.8 bp | -1.0 | +115.4 | ||
| Brazil 10Y | -414.3 bp | -7.5 | +163.9 |
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 | 3.708% | 33.55 | 51.47 | 87.31 | 123.16 | 159.00 | 194.84 | |
| 20 years | 3.461% | 50.64 | 64.90 | 93.42 | 121.95 | 150.48 | 179.00 | |
| 15 years | 3.392% | 60.63 | 72.24 | 95.45 | 118.66 | 141.88 | 165.09 | |
| 10 years | 3.072% | 73.89 | 82.39 | 99.39 | 116.39 | 133.38 | 150.38 | |
| 7 years | 3.113% | 80.69 | 86.89 | 99.30 | 111.71 | 124.11 | 136.52 | |
| 5 years | 2.939% | 86.52 | 91.10 | 100.28 | 109.46 | 118.63 | 127.81 | |
| 3 years | 2.820% | 92.00 | 94.83 | 100.51 | 106.19 | 111.86 | 117.54 | |
| 2 years | 2.658% | 94.89 | 96.81 | 100.66 | 104.50 | 108.35 | 112.20 | |
| 1 year | 2.550% | 97.51 | 98.49 | 100.44 | 102.39 | 104.34 | 106.29 | |
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||