Last Update: 25 Jan 2022 3:15 GMT+0
The China 10Y Government Bond has a 2.702% yield.
10 Years vs 2 Years bond spread is 59.3 bp. Normal Convexity in Long-Term vs Short-Term Maturities.
Central Bank Rate is 3.70% (last modification in January 2022).
The China credit rating is A+, according to Standard & Poor's agency.
Current 5-Years Credit Default Swap quotation is 49.52 and implied probability of default is 0.83%.
| Yield Comparison | Spread | Curve Convexity | ||
|---|---|---|---|---|
| 2Y vs 1Y | 13.2 bp | Normal Convexity in Short-Term Maturities | ||
| 5Y vs 2Y | 25.9 bp | Normal Convexity in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | 59.3 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 | 3.70% |
| Credit Default Swap | CDS Value | Var % 1W | Var % 1M | Var % 1Y | Implied PD | |
|---|---|---|---|---|---|---|
| 5 Years CDS | 49.52 | +0.49 % | +20.23 % | +62.12 % | 0.83 % |
China 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 | 1.977% | -36.0 bp | +4.2 bp | 98.06 | +0.35 % | -0.04 % | |||
| 2 years | 2.109% | -35.4 bp | -31.9 bp | 95.91 | +0.69 % | +0.62 % | |||
| 3 years | 2.191% | -33.9 bp | -34.3 bp | 93.70 | +0.99 % | +1.00 % | |||
| 5 years | 2.368% | -28.3 bp | -35.4 bp | 88.96 | +1.39 % | +1.75 % | |||
| 7 years | 2.618% | -22.8 bp | -29.2 bp | 83.45 | +1.56 % | +2.00 % | |||
| 10 years | 2.702% | -14.2 bp | -23.6 bp | 76.60 | +1.39 % | +2.32 % | |||
| 15 years | 2.855% | -19.6 bp | -37.2 bp | 65.56 | +2.90 % | +5.57 % | |||
| 20 years | 3.349% | -12.8 bp | -21.8 bp | 51.75 | +2.52 % | +4.31 % | |||
| 30 years | 3.287% | -10.3 bp | -23.3 bp | 37.90 | +3.05 % | +7.00 % | |||
China 10Y Bond Yield Spread
The China 10Y Government Bond has a 2.702% 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. Instead, a negative spread is marked by a green circle.
Click on the values in "Current Spread" column, for the historical series of the spread.
Click on the "Compare" button, for a report with the full comparison between the two countries, with all the available data.
| China 10Y vs | Current Spread | Chg 1M | Chg 6M | ||
|---|---|---|---|---|---|
| Germany 10Y | 281.3 bp | -28.5 bp | -54.5 bp | Compare | |
| Japan 10Y | 257.1 bp | -21.4 bp | -34.7 bp | Compare | |
| France 10Y | 240.1 bp | -32.5 bp | -62.4 bp | Compare | |
| Spain 10Y | 207.1 bp | -25.6 bp | -60.2 bp | Compare | |
| United Kingdom 10Y | 157.3 bp | -34.9 bp | -77.6 bp | Compare | |
| Italy 10Y | 135.0 bp | -37.3 bp | -96.6 bp | Compare | |
| United States 10Y | 93.1 bp | -42.0 bp | -72.6 bp | Compare | |
| Canada 10Y | 88.4 bp | -48.4 bp | -84.6 bp | Compare | |
| Australia 10Y | 74.4 bp | -50.6 bp | -99.2 bp | Compare | |
| India 10Y | -395.0 bp | -33.2 bp | -72.3 bp | Compare | |
| Russia 10Y | -701.3 bp | -143.7 bp | -296.1 bp | Compare | |
| Brazil 10Y | -841.0 bp | -101.3 bp | -218.0 bp | Compare |
China Government Bonds Prices
Price Simulation: bonds with a face value of 100, with different coupon rates. The highlighted column refers to the zero coupon bond.
For each maturity, the current market yield is shown.
| Residual Maturity |
Yield | Bond Price - with different Coupon Rates | ||||||
|---|---|---|---|---|---|---|---|---|
| 0% | 1% | 3% | 5% | 7% | 9% | |||
| 30 years | 3.287% | 37.90 | 56.79 | 94.58 | 132.36 | 170.15 | 207.93 | |
| 20 years | 3.349% | 51.75 | 66.15 | 94.97 | 123.79 | 152.61 | 181.42 | |
| 15 years | 2.855% | 65.56 | 77.62 | 101.75 | 125.88 | 150.01 | 174.13 | |
| 10 years | 2.702% | 76.60 | 85.26 | 102.58 | 119.90 | 137.23 | 154.55 | |
| 7 years | 2.618% | 83.45 | 89.77 | 102.41 | 115.06 | 127.70 | 140.34 | |
| 5 years | 2.368% | 88.96 | 93.62 | 102.95 | 112.27 | 121.60 | 130.93 | |
| 3 years | 2.191% | 93.70 | 96.58 | 102.32 | 108.07 | 113.82 | 119.56 | |
| 2 years | 2.109% | 95.91 | 97.85 | 101.73 | 105.60 | 109.48 | 113.36 | |
| 1 year | 1.977% | 98.06 | 99.04 | 101.00 | 102.96 | 104.93 | 106.89 | |
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||