Last Update: 1 Apr 2020 0:15 GMT+0
The China 10Y Government Bond has a 2.672% yield.
10 Years vs 2 Years bond spread is 73.6 bp. Normal Convexity in Long-Term vs Short-Term Maturities.
Central Bank Rate is 4.05% (last modification in February 2020).
The China credit rating is A+, according to Standard & Poor's agency.
Current 5-Years Credit Default Swap quotation is 74.63 and implied probability of default is 1.24%.
| Yield Comparison | Spread | Curve Convexity | ||
|---|---|---|---|---|
| 2Y vs 1Y | 16.4 bp | Normal Convexity in Short-Term Maturities | ||
| 5Y vs 2Y | 31.9 bp | Normal Convexity in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | 73.6 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 | 4.05% |
| Credit Default Swap | CDS Value | Var % 1W | Var % 1M | Var % 1Y | Implied PD | |
|---|---|---|---|---|---|---|
| 5 Years CDS | 74.63 | +13.66 % | +47.48 % | +66.81 % | 1.24 % |
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 | 1.772% | -25.5 bp | -87.8 bp | 98.26 | +0.26 % | +0.86 % | |||
| 2 years | 1.936% | -39.1 bp | -83.1 bp | 96.24 | +0.77 % | +1.64 % | |||
| 3 years | 2.150% | -23.2 bp | -69.0 bp | 93.82 | +0.69 % | +2.04 % | |||
| 5 years | 2.255% | -23.9 bp | -71.5 bp | 89.45 | +1.18 % | +3.54 % | |||
| 7 years | 2.563% | -17.5 bp | -62.2 bp | 83.77 | +1.21 % | +4.33 % | |||
| 10 years | 2.672% | -12.3 bp | -48.3 bp | 76.82 | +1.20 % | +4.80 % | |||
| 15 years | 3.013% | -15.9 bp | -45.2 bp | 64.06 | +2.33 % | +6.78 % | |||
| 20 years | 3.094% | -11.2 bp | -40.6 bp | 54.37 | +2.20 % | +8.18 % | |||
| 30 years | 3.292% | -11.0 bp | -52.3 bp | 37.84 | +3.25 % | +16.36 % | |||
10Y Bond Yield Spread - China vs Main Countries
The China 10Y Government Bond has a 2.672% 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 | 315.4 bp | -25.0 | -54.6 | ||
| France 10Y | 269.5 bp | -39.3 | -72.2 | ||
| Japan 10Y | 267.0 bp | -27.4 | -63.8 | ||
| United Kingdom 10Y | 231.0 bp | -3.7 | -33.3 | ||
| Spain 10Y | 201.3 bp | -50.0 | -95.5 | ||
| United States 10Y | 199.9 bp | +36.7 | +48.4 | ||
| Canada 10Y | 197.8 bp | +31.3 | +17.1 | ||
| Australia 10Y | 192.4 bp | -17.5 | -27.4 | ||
| Italy 10Y | 116.1 bp | -54.8 | -112.9 | ||
| India 10Y | -346.6 bp | +11.0 | +3.6 | ||
| Russia 10Y | -408.3 bp | -40.8 | -20.8 | ||
| Brazil 10Y | -494.6 bp | -99.0 | -100.6 |
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 | 3.292% | 37.84 | 56.73 | 94.49 | 132.25 | 170.01 | 207.77 | |
| 20 years | 3.094% | 54.37 | 69.12 | 98.61 | 128.11 | 157.61 | 187.11 | |
| 15 years | 3.013% | 64.06 | 75.99 | 99.84 | 123.70 | 147.55 | 171.41 | |
| 10 years | 2.672% | 76.82 | 85.50 | 102.85 | 120.19 | 137.54 | 154.89 | |
| 7 years | 2.563% | 83.77 | 90.10 | 102.77 | 115.44 | 128.10 | 140.77 | |
| 5 years | 2.255% | 89.45 | 94.13 | 103.49 | 112.84 | 122.20 | 131.56 | |
| 3 years | 2.150% | 93.82 | 96.69 | 102.44 | 108.20 | 113.95 | 119.70 | |
| 2 years | 1.936% | 96.24 | 98.18 | 102.07 | 105.95 | 109.84 | 113.73 | |
| 1 year | 1.772% | 98.26 | 99.24 | 101.21 | 103.17 | 105.14 | 107.10 | |
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | ||