Last Update: 18 Apr 2019 20:15 GMT+0
The China 10Y Government Bond has a 3.386% yield.
10 Years vs 2 Years bond spread is 44 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 40.21 and implied probability of default is 0.67%.
| Yield Comparison | Spread | Curve Convexity | ||
|---|---|---|---|---|
| 2Y vs 1Y | 24.6 bp | Normal Convexity in Short-Term Maturities | ||
| 5Y vs 2Y | 29.1 bp | Normal Convexity in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | 44 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 | 40.21 | -6.52 % | -10.02 % | 0.67 % |
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 | 2.700% | +28.0 bp | -19.0 bp | 97.37 | -0.28 % | +0.19 % | |||
| 2 years | 2.946% | +14.9 bp | -23.2 bp | 94.36 | -0.29 % | +0.46 % | |||
| 3 years | 3.060% | +26.2 bp | -15.5 bp | 91.35 | -0.76 % | +0.45 % | |||
| 5 years | 3.237% | +19.4 bp | -16.8 bp | 85.28 | -0.93 % | +0.83 % | |||
| 7 years | 3.440% | +25.3 bp | -15.5 bp | 78.92 | -1.69 % | +1.05 % | |||
| 10 years | 3.386% | +23.3 bp | -19.2 bp | 71.68 | -2.22 % | +1.88 % | |||
| 15 years | 3.702% | +21.7 bp | -21.7 bp | 57.97 | -3.09 % | +3.19 % | |||
| 20 years | 3.725% | +22.0 bp | -22.6 bp | 48.12 | -4.16 % | +4.45 % | |||
| 30 years | 3.966% | +21.8 bp | -22.0 bp | 31.14 | -6.09 % | +6.57 % | |||
10Y Bond Yield Spread - China vs Main Countries
The China 10Y Government Bond has a 3.386% 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 | 341.6 bp | +22.7 | -0.8 | ||
| Germany 10Y | 336.0 bp | +29.2 | +19.0 | ||
| France 10Y | 302.0 bp | +32.1 | +25.1 | ||
| Spain 10Y | 232.5 bp | +33.9 | +48.0 | ||
| United Kingdom 10Y | 219.7 bp | +23.9 | +16.0 | ||
| Canada 10Y | 162.0 bp | +18.3 | +54.2 | ||
| Australia 10Y | 146.1 bp | +28.3 | +60.5 | ||
| United States 10Y | 82.6 bp | +27.8 | +42.9 | ||
| Italy 10Y | 77.4 bp | +8.3 | +93.4 | ||
| India 10Y | -403.4 bp | +29.3 | +29.7 | ||
| Russia 10Y | -485.4 bp | +30.3 | +17.8 | ||
| Brazil 10Y | -557.4 bp | +8.3 | +126.8 |
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 | 3.966% | 31.14 | 48.50 | 83.23 | 117.95 | 152.68 | 187.41 | |
| 20 years | 3.725% | 48.12 | 62.05 | 89.90 | 117.76 | 145.61 | 173.47 | |
| 15 years | 3.702% | 57.97 | 69.32 | 92.03 | 114.74 | 137.44 | 160.15 | |
| 10 years | 3.386% | 71.68 | 80.04 | 96.77 | 113.50 | 130.23 | 146.96 | |
| 7 years | 3.440% | 78.92 | 85.05 | 97.30 | 109.56 | 121.82 | 134.07 | |
| 5 years | 3.237% | 85.28 | 89.82 | 98.92 | 108.02 | 117.12 | 126.22 | |
| 3 years | 3.060% | 91.35 | 94.18 | 99.83 | 105.48 | 111.13 | 116.78 | |
| 2 years | 2.946% | 94.36 | 96.27 | 100.10 | 103.93 | 107.76 | 111.59 | |
| 1 year | 2.700% | 97.37 | 98.34 | 100.29 | 102.24 | 104.19 | 106.13 | |
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||