China Bond Yields
The China Government bonds yield curve by trading day, starting from March 2006, is calculated and published by China Central Depository & Clearing Co., Ltd.
| Indicator | 02-09-2026 | 01-09-2026 | 31-08-2026 | 28-08-2026 | 27-08-2026 | 26-08-2026 | 25-08-2026 | 24-08-2026 | 21-08-2026 | 20-08-2026 | 19-08-2026 | 18-08-2026 | 17-08-2026 | 14-08-2026 | 13-08-2026 | 12-08-2026 | 11-08-2026 | 10-08-2026 | 07-08-2026 | 06-08-2026 | 05-08-2026 | 04-08-2026 | 03-08-2026 | 31-07-2026 | 30-07-2026 | 29-07-2026 | 28-07-2026 | 27-07-2026 | 24-07-2026 | 23-07-2026 | 22-07-2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Government bonds — 3-month maturity | 1.24 | 1.24 | 1.23 | 1.2 | 1.21 | 1.19 | 1.18 | 1.2 | 1.17 | 1.19 | 1.19 | 1.19 | 1.19 | 1.19 | 1.19 | 1.19 | 1.2 | 1.2 | 1.17 | 1.17 | 1.17 | 1.17 | 1.17 | 1.15 | 1.15 | 1.15 | 1.14 | 1.14 | 1.1 | 1.1 | 1.1 | |
| Government bonds — 6-month maturity | 1.27 | 1.27 | 1.28 | 1.24 | 1.23 | 1.21 | 1.2 | 1.2 | 1.17 | 1.2 | 1.19 | 1.19 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.21 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.18 | 1.19 | 1.18 | 1.15 | 1.1 | 1.11 | 1.1 | |
| Government bonds — 1-year maturity | 1.22 | 1.23 | 1.22 | 1.21 | 1.22 | 1.21 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | 1.21 | 1.21 | 1.21 | 1.21 | 1.21 | 1.21 | 1.2 | 1.16 | 1.16 | 1.16 | 1.16 | 1.15 | 1.16 | 1.15 | 1.15 | 1.14 | 1.14 | 1.14 | 1.14 | |
| Government bonds — 3-year maturity | 1.25 | 1.25 | 1.26 | 1.26 | 1.27 | 1.26 | 1.25 | 1.25 | 1.25 | 1.25 | 1.25 | 1.25 | 1.25 | 1.26 | 1.26 | 1.27 | 1.27 | 1.26 | 1.27 | 1.27 | 1.27 | 1.28 | 1.28 | 1.28 | 1.28 | 1.28 | 1.28 | 1.28 | 1.28 | 1.29 | 1.29 | |
| Government bonds — 5-year maturity | 1.4 | 1.4 | 1.41 | 1.41 | 1.41 | 1.4 | 1.39 | 1.39 | 1.39 | 1.39 | 1.39 | 1.38 | 1.39 | 1.39 | 1.4 | 1.41 | 1.41 | 1.4 | 1.41 | 1.41 | 1.41 | 1.41 | 1.42 | 1.41 | 1.42 | 1.43 | 1.45 | 1.45 | 1.44 | 1.44 | 1.43 | |
| Government bonds — 7-year maturity | 1.53 | 1.53 | 1.54 | 1.54 | 1.54 | 1.53 | 1.51 | 1.51 | 1.52 | 1.52 | 1.52 | 1.51 | 1.52 | 1.52 | 1.53 | 1.54 | 1.54 | 1.53 | 1.54 | 1.54 | 1.54 | 1.54 | 1.55 | 1.54 | 1.55 | 1.57 | 1.57 | 1.57 | 1.56 | 1.57 | 1.56 | |
| Government bonds — 10-year maturity | 1.69 | 1.68 | 1.69 | 1.69 | 1.7 | 1.69 | 1.68 | 1.68 | 1.68 | 1.68 | 1.68 | 1.69 | 1.69 | 1.7 | 1.7 | 1.71 | 1.72 | 1.71 | 1.71 | 1.71 | 1.71 | 1.71 | 1.72 | 1.71 | 1.72 | 1.73 | 1.74 | 1.73 | 1.73 | 1.73 | 1.73 | |
| Government bonds — 30-year maturity | 2.14 | 2.14 | 2.15 | 2.15 | 2.14 | 2.13 | 2.13 | 2.12 | 2.13 | 2.13 | 2.14 | 2.15 | 2.16 | 2.16 | 2.16 | 2.17 | 2.17 | 2.16 | 2.18 | 2.19 | 2.19 | 2.18 | 2.19 | 2.19 | 2.19 | 2.21 | 2.19 | 2.19 | 2.19 | 2.2 | 2.21 | |
| Commercial bank bonds (AAA) — 3-month maturity | 1.41 | 1.41 | 1.4 | 1.41 | 1.4 | 1.4 | 1.4 | 1.39 | 1.4 | 1.4 | 1.39 | 1.39 | 1.39 | 1.39 | 1.39 | 1.4 | 1.4 | 1.4 | 1.4 | 1.4 | 1.4 | 1.41 | 1.42 | 1.42 | 1.42 | 1.43 | 1.42 | 1.42 | 1.43 | 1.43 | 1.42 | |
| Commercial bank bonds (AAA) — 6-month maturity | 1.45 | 1.45 | 1.45 | 1.45 | 1.45 | 1.45 | 1.44 | 1.44 | 1.45 | 1.44 | 1.44 | 1.44 | 1.44 | 1.45 | 1.44 | 1.45 | 1.45 | 1.45 | 1.44 | 1.44 | 1.45 | 1.45 | 1.45 | 1.45 | 1.46 | 1.45 | 1.45 | 1.44 | 1.44 | 1.44 | 1.44 | |
| Commercial bank bonds (AAA) — 1-year maturity | 1.48 | 1.49 | 1.49 | 1.48 | 1.48 | 1.48 | 1.48 | 1.48 | 1.48 | 1.48 | 1.48 | 1.48 | 1.49 | 1.48 | 1.49 | 1.49 | 1.49 | 1.48 | 1.49 | 1.49 | 1.49 | 1.49 | 1.49 | 1.49 | 1.49 | 1.49 | 1.49 | 1.48 | 1.48 | 1.48 | 1.47 | |
| Commercial bank bonds (AAA) — 3-year maturity | 1.55 | 1.56 | 1.55 | 1.55 | 1.56 | 1.56 | 1.55 | 1.55 | 1.55 | 1.55 | 1.54 | 1.55 | 1.55 | 1.55 | 1.55 | 1.56 | 1.55 | 1.55 | 1.56 | 1.56 | 1.56 | 1.56 | 1.56 | 1.56 | 1.56 | 1.56 | 1.55 | 1.54 | 1.54 | 1.54 | 1.54 | |
| Commercial bank bonds (AAA) — 5-year maturity | 1.59 | 1.59 | 1.6 | 1.59 | 1.59 | 1.59 | 1.59 | 1.59 | 1.59 | 1.59 | 1.58 | 1.58 | 1.6 | 1.61 | 1.61 | 1.62 | 1.62 | 1.62 | 1.63 | 1.63 | 1.63 | 1.63 | 1.63 | 1.63 | 1.64 | 1.64 | 1.63 | 1.63 | 1.62 | 1.62 | 1.63 | |
| Commercial bank bonds (AAA) — 7-year maturity | 1.76 | 1.76 | 1.77 | 1.76 | 1.76 | 1.75 | 1.75 | 1.76 | 1.76 | 1.76 | 1.75 | 1.76 | 1.78 | 1.78 | 1.79 | 1.8 | 1.8 | 1.8 | 1.82 | 1.82 | 1.82 | 1.82 | 1.82 | 1.82 | 1.82 | 1.82 | 1.81 | 1.81 | 1.81 | 1.81 | 1.81 | |
| Commercial bank bonds (AAA) — 10-year maturity | 1.96 | 1.96 | 1.97 | 1.97 | 1.97 | 1.95 | 1.95 | 1.95 | 1.95 | 1.95 | 1.93 | 1.93 | 1.95 | 1.95 | 1.96 | 1.97 | 1.97 | 1.97 | 1.97 | 1.98 | 1.98 | 1.99 | 1.99 | 1.99 | 2 | 2 | 1.99 | 1.99 | 1.98 | 1.98 | 1.99 | |
| Commercial bank bonds (AAA) — 30-year maturity | 2.31 | 2.31 | 2.31 | 2.31 | 2.31 | 2.31 | 2.31 | 2.31 | 2.31 | 2.31 | 2.31 | 2.32 | 2.32 | 2.32 | 2.33 | 2.33 | 2.33 | 2.33 | 2.34 | 2.34 | 2.34 | 2.34 | 2.35 | 2.35 | 2.36 | 2.37 | 2.37 | 2.37 | 2.38 | 2.38 | 2.38 | |
| Corporate medium-term notes (AAA) — 3-month maturity | 1.48 | 1.48 | 1.48 | 1.49 | 1.48 | 1.48 | 1.48 | 1.48 | 1.47 | 1.48 | 1.46 | 1.46 | 1.46 | 1.47 | 1.47 | 1.47 | 1.47 | 1.47 | 1.47 | 1.47 | 1.47 | 1.48 | 1.48 | 1.48 | 1.48 | 1.48 | 1.47 | 1.47 | 1.47 | 1.47 | 1.47 | |
| Corporate medium-term notes (AAA) — 6-month maturity | 1.49 | 1.49 | 1.51 | 1.5 | 1.5 | 1.49 | 1.5 | 1.5 | 1.51 | 1.49 | 1.49 | 1.49 | 1.49 | 1.49 | 1.49 | 1.49 | 1.49 | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 | 1.49 | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 | 1.49 | 1.49 | |
| Corporate medium-term notes (AAA) — 1-year maturity | 1.53 | 1.53 | 1.53 | 1.53 | 1.53 | 1.53 | 1.52 | 1.53 | 1.53 | 1.53 | 1.52 | 1.53 | 1.53 | 1.53 | 1.53 | 1.53 | 1.53 | 1.53 | 1.53 | 1.53 | 1.52 | 1.51 | 1.52 | 1.52 | 1.53 | 1.53 | 1.53 | 1.52 | 1.52 | 1.52 | 1.52 | |
| Corporate medium-term notes (AAA) — 3-year maturity | 1.67 | 1.68 | 1.69 | 1.68 | 1.67 | 1.67 | 1.66 | 1.66 | 1.66 | 1.66 | 1.66 | 1.66 | 1.66 | 1.66 | 1.66 | 1.66 | 1.67 | 1.68 | 1.68 | 1.67 | 1.67 | 1.67 | 1.68 | 1.68 | 1.68 | 1.68 | 1.67 | 1.67 | 1.66 | 1.66 | 1.65 | |
| Corporate medium-term notes (AAA) — 5-year maturity | 1.74 | 1.74 | 1.74 | 1.74 | 1.75 | 1.74 | 1.74 | 1.74 | 1.75 | 1.74 | 1.73 | 1.74 | 1.75 | 1.75 | 1.76 | 1.77 | 1.78 | 1.78 | 1.79 | 1.79 | 1.78 | 1.78 | 1.79 | 1.79 | 1.79 | 1.79 | 1.78 | 1.78 | 1.78 | 1.78 | 1.78 | |
| Corporate medium-term notes (AAA) — 7-year maturity | 1.88 | 1.88 | 1.88 | 1.88 | 1.87 | 1.86 | 1.86 | 1.88 | 1.88 | 1.87 | 1.87 | 1.88 | 1.89 | 1.9 | 1.91 | 1.91 | 1.92 | 1.92 | 1.94 | 1.94 | 1.94 | 1.94 | 1.93 | 1.93 | 1.94 | 1.94 | 1.93 | 1.92 | 1.93 | 1.93 | 1.92 | |
| Corporate medium-term notes (AAA) — 10-year maturity | 2.06 | 2.08 | 2.09 | 2.09 | 2.08 | 2.08 | 2.08 | 2.08 | 2.08 | 2.07 | 2.05 | 2.05 | 2.07 | 2.07 | 2.07 | 2.09 | 2.09 | 2.09 | 2.1 | 2.1 | 2.1 | 2.1 | 2.1 | 2.11 | 2.12 | 2.12 | 2.12 | 2.11 | 2.1 | 2.1 | 2.11 |
Latest reading
Government bonds — 10-year maturity stood at 1.69% in Sep 2, 2026. That is unchanged from Sep 1, 2026 and −0.1 pp from a year earlier. The series on this page is daily and runs from Mar 1, 2006 to Sep 2, 2026. Source: China Central Depository & Clearing (ChinaBond).
- Latest
- 1.69%
- Sep 2, 2026
- vs previous period
- 0.0 pp
- Sep 1, 2026
- vs a year earlier
- −0.1 pp
Look up any date
Pick a date between Mar 1, 2006 and Sep 2, 2026 to see every series in this table on that day. If there is no reading that day (weekend, holiday, or a weekly release), the last reading before it is shown.
About this data
The China Government bonds yield curve by trading day, starting from March 2006, is calculated and published by China Central Depository & Clearing Co., Ltd. (ChinaBond) — serving as the benchmark yield set used as a reference across the entire domestic market. The table features three curves across eight maturities ranging from 3 months to 30 years: Government bonds, AAA-rated commercial bank bonds, and AAA-rated medium-term corporate notes. The 10-year Government bonds yield is China's most critical benchmark interest rate and a gauge of long-term growth and inflation expectations; the spread between the 10-year maturity and the 2 to 3-year maturities indicates whether the market expects easing or tightening. The difference between the corporate curve and the Government curve for the same maturity is the credit spread — a measure of risk appetite, which typically widens whenever the market has concerns over real estate debt. The three curves start at three different points in time (Government bonds in March 2006, corporate notes in December 2006, and bank bonds in December 2009), and corporate notes do not feature a 30-year maturity as it is not published by the source. Source: ChinaBond, data updated every trading day.
