Last Update: 22 Oct 2019 20:15 GMT+0
The China 10Y Government Bond has a 3.249% yield.
10 Years vs 2 Years bond spread is 47.5 bp. Normal Convexity in Long-Term vs Short-Term Maturities.
Central Bank Rate is 4.20% (last modification in September 2019).
The China credit rating is A+, according to Standard & Poor's agency.
Current 5-Years Credit Default Swap quotation is 39.36 and implied probability of default is 0.66%.
| Yield Comparison | Spread | Curve Convexity | ||
|---|---|---|---|---|
| 2Y vs 1Y | 11.5 bp | Normal Convexity in Short-Term Maturities | ||
| 5Y vs 2Y | 24.1 bp | Normal Convexity in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | 47.5 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 | 4.20% |
| Credit Default Swap | CDS Value | Var % 1W | Var % 1M | Var % 1Y | Implied PD | |
|---|---|---|---|---|---|---|
| 5 Years CDS | 39.36 | -9.32 % | -11.82 % | -41.23 % | 0.66 % |
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 | 2.659% | +13.0 bp | -3.5 bp | 97.41 | -0.12 % | +0.03 % | |||
| 2 years | 2.774% | +10.3 bp | -14.5 bp | 94.67 | -0.20 % | +0.28 % | |||
| 3 years | 2.879% | +10.4 bp | -14.6 bp | 91.84 | -0.30 % | +0.43 % | |||
| 5 years | 3.015% | +4.6 bp | -17.8 bp | 86.20 | -0.22 % | +0.87 % | |||
| 7 years | 3.224% | +5.6 bp | -20.3 bp | 80.08 | -0.39 % | +1.38 % | |||
| 10 years | 3.249% | +13.1 bp | -17.0 bp | 72.63 | -1.26 % | +1.65 % | |||
| 15 years | 3.569% | +11.1 bp | -12.0 bp | 59.10 | -1.58 % | +1.76 % | |||
| 20 years | 3.602% | +7.6 bp | -12.1 bp | 49.28 | -1.44 % | +2.37 % | |||
| 30 years | 3.910% | +12.1 bp | -8.3 bp | 31.64 | -3.45 % | +2.43 % | |||
10Y Bond Yield Spread - China vs Main Countries
The China 10Y Government Bond has a 3.249% 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 | 361.5 bp | -2.8 | +22.0 | ||
| Japan 10Y | 337.5 bp | +4.2 | -7.3 | ||
| France 10Y | 331.7 bp | -2.2 | +26.8 | ||
| Spain 10Y | 298.9 bp | +12.3 | +63.3 | ||
| United Kingdom 10Y | 253.7 bp | +4.3 | +30.9 | ||
| Italy 10Y | 222.9 bp | +4.2 | +140.7 | ||
| Australia 10Y | 209.9 bp | -0.1 | +63.0 | ||
| Canada 10Y | 172.3 bp | -0.8 | +9.2 | ||
| United States 10Y | 147.9 bp | +8.3 | +64.5 | ||
| Russia 10Y | -323.1 bp | +66.1 | +160.0 | ||
| Brazil 10Y | -331.6 bp | +64.6 | +220.5 | ||
| India 10Y | -356.6 bp | +9.8 | +48.9 |
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 | 3.910% | 31.64 | 49.13 | 84.09 | 119.06 | 154.02 | 188.99 | |
| 20 years | 3.602% | 49.28 | 63.36 | 91.52 | 119.69 | 147.85 | 176.02 | |
| 15 years | 3.569% | 59.10 | 70.56 | 93.48 | 116.40 | 139.32 | 162.25 | |
| 10 years | 3.249% | 72.63 | 81.06 | 97.90 | 114.75 | 131.59 | 148.44 | |
| 7 years | 3.224% | 80.08 | 86.26 | 98.62 | 110.97 | 123.33 | 135.68 | |
| 5 years | 3.015% | 86.20 | 90.78 | 99.93 | 109.09 | 118.24 | 127.40 | |
| 3 years | 2.879% | 91.84 | 94.67 | 100.34 | 106.01 | 111.68 | 117.35 | |
| 2 years | 2.774% | 94.67 | 96.59 | 100.43 | 104.27 | 108.11 | 111.95 | |
| 1 year | 2.659% | 97.41 | 98.38 | 100.33 | 102.28 | 104.23 | 106.18 | |
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||