Last Update: 16 Jul 2020 14:15 GMT+0
The China 10Y Government Bond has a 3.038% yield.
10 Years vs 2 Years bond spread is 64.6 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 43.93 and implied probability of default is 0.73%.
| Yield Comparison | Spread | Curve Convexity | ||
|---|---|---|---|---|
| 2Y vs 1Y | 16.9 bp | Normal Convexity in Short-Term Maturities | ||
| 5Y vs 2Y | 30.1 bp | Normal Convexity in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | 64.6 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 | 3.85% |
| Credit Default Swap | CDS Value | Var % 1W | Var % 1M | Var % 1Y | Implied PD | |
|---|---|---|---|---|---|---|
| 5 Years CDS | 43.93 | -1.81 % | -7.68 % | +4.94 % | 0.73 % |
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 | 2.223% | +14.8 bp | -16.4 bp | 97.83 | -0.14 % | +0.16 % | |||
| 2 years | 2.392% | +17.4 bp | -19.4 bp | 95.38 | -0.34 % | +0.38 % | |||
| 3 years | 2.520% | +22.7 bp | -10.7 bp | 92.81 | -0.65 % | +0.31 % | |||
| 5 years | 2.693% | +14.8 bp | -14.0 bp | 87.56 | -0.71 % | +0.69 % | |||
| 7 years | 2.992% | +19.4 bp | -4.1 bp | 81.35 | -1.31 % | +0.27 % | |||
| 10 years | 3.038% | +18.5 bp | -11.0 bp | 74.14 | -1.78 % | +1.08 % | |||
| 15 years | 3.470% | +15.8 bp | +5.4 bp | 59.95 | -2.27 % | -0.78 % | |||
| 20 years | 3.592% | +18.6 bp | +14.5 bp | 49.37 | -3.54 % | -2.76 % | |||
| 30 years | 3.734% | +14.4 bp | +3.4 bp | 33.29 | -4.09 % | -0.98 % | |||
10Y Bond Yield Spread - China vs Main Countries
The China 10Y Government Bond has a 3.038% 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 | 350.6 bp | +22.3 | +13.6 | ||
| France 10Y | 319.6 bp | +29.3 | +8.6 | ||
| Japan 10Y | 302.8 bp | +18.9 | -10.9 | ||
| United Kingdom 10Y | 290.3 bp | +25.4 | +39.6 | ||
| Spain 10Y | 264.2 bp | +31.9 | -4.6 | ||
| Canada 10Y | 252.9 bp | +22.5 | +93.9 | ||
| United States 10Y | 242.4 bp | +31.2 | +108.5 | ||
| Australia 10Y | 216.1 bp | +23.5 | +20.6 | ||
| Italy 10Y | 179.3 bp | +29.5 | +5.8 | ||
| India 10Y | -277.5 bp | +21.8 | +67.5 | ||
| Russia 10Y | -280.2 bp | -7.0 | +26.0 | ||
| Brazil 10Y | -341.9 bp | +34.4 | +27.7 |
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 | 3.734% | 33.29 | 51.16 | 86.89 | 122.62 | 158.35 | 194.07 | |
| 20 years | 3.592% | 49.37 | 63.47 | 91.66 | 119.85 | 148.04 | 176.22 | |
| 15 years | 3.470% | 59.95 | 71.49 | 94.58 | 117.66 | 140.74 | 163.83 | |
| 10 years | 3.038% | 74.14 | 82.65 | 99.68 | 116.70 | 133.73 | 150.76 | |
| 7 years | 2.992% | 81.35 | 87.59 | 100.05 | 112.51 | 124.98 | 137.44 | |
| 5 years | 2.693% | 87.56 | 92.18 | 101.42 | 110.66 | 119.90 | 129.14 | |
| 3 years | 2.520% | 92.81 | 95.66 | 101.37 | 107.08 | 112.79 | 118.50 | |
| 2 years | 2.392% | 95.38 | 97.31 | 101.17 | 105.03 | 108.90 | 112.76 | |
| 1 year | 2.223% | 97.83 | 98.80 | 100.76 | 102.72 | 104.67 | 106.63 | |
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||