China 3-Month Government Bonds Yield
China 3-Month Government Bonds Yield stood at 1.24% on Sep 2, 2026, according to China Central Depository & Clearing (ChinaBond). It is one of the indicators in the Bond yields table (Value · Daily), with a complete series running from Mar 1, 2006 to Sep 2, 2026. The complete series with an interactive chart, free to download.
This indicator in the Bond yields table
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | |
| 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 | |
| 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 |
Understanding china 3-Month Government Bonds Yield
This figure represents the annualized yield of public debt with the shortest maturity, exactly matching the first quarter of a fiscal year. Unlike longer maturities that bear pressure from distant economic prospects, this indicator closely reflects short-term liquidity conditions and the policy interest rate stance of the mainland financial system.
Recording takes place daily based on actual secondary market transactions. When reading the chart, note that short-term fluctuations are typically very sensitive to periodic liquidity injections and withdrawals and should not be construed as a long-term trend for the entire economy.
Frequently asked questions
- What type of asset does this indicator represent?
- This reflects the yield on short-term debt instruments issued by the state.
- Why does this maturity fluctuate more strongly than longer tenors?
- Because it is directly and immediately impacted by cash surpluses or shortages in the system.
- What metric should this data series be compared against?
- It should be benchmarked against the overnight interbank interest rate to highlight the cost-of-capital spread.