China’s 10-year government bond yield fell to around 1.80% on Monday, hitting its lowest level in over a month as investors sought refuge in safer assets following failed US–Iran peace talks. The negotiations ended without a breakthrough, while President Trump announced a full naval blockade of the Strait of Hormuz, raising further fears of global energy disruptions. Amid the evolving Middle East war, Chinese assets such as bonds have merged as a relative safe haven, supported by energy resilience, policy support, and limited exposure to geopolitical tensions. Sentiment has also been reinforced by improving domestic momentum, as the country recently exited producer deflation that has persisted since September 2022. The 10-year yield has risen only by about 3 bps through Friday, compared with gains of at least 40 bps in US and European peers. Investors are now focused on a heavy week of economic data, particularly trade figures, Q1 GDP, industrial output, retail sales, and unemployment.

The yield on China 10Y Bond Yield eased to 1.80% on April 13, 2026, marking a 0.01 percentage points decrease from the previous session. Over the past month, the yield has fallen by 0.03 points, though it remains 0.15 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the China 10-Year Government Bond Yield reached an all time high of 4.80 in September of 2007. China 10-Year Government Bond Yield - data, forecasts, historical chart - was last updated on April 13 of 2026.

The yield on China 10Y Bond Yield eased to 1.80% on April 13, 2026, marking a 0.01 percentage points decrease from the previous session. Over the past month, the yield has fallen by 0.03 points, though it remains 0.15 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. The China 10-Year Government Bond Yield is expected to trade at 1.79 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1.71 in 12 months time.



Bonds Yield Day Month Year Date
China 10Y 1.81 -0.006% -0.026% 0.159% Apr/13
China 52W 1.19 -0.012% -0.082% -0.232% Apr/13
China 20Y 2.25 -0.022% -0.183% 0.290% Apr/13
China 2Y 1.33 -0.002% 0.008% -0.082% Apr/13
China 30Y 2.29 -0.019% -0.104% 0.424% Apr/13
China 3Y 1.36 -0.005% -0.050% -0.090% Apr/13
China 5Y 1.54 -0.003% -0.033% 0.052% Apr/13
China 7Y 1.68 -0.008% -0.026% 0.079% Apr/13



Related Last Previous Unit Reference
China Inflation Rate 1.00 1.30 percent Mar 2026
China Loan Prime Rate 3.00 3.00 percent Mar 2026
China Unemployment Rate 5.30 5.20 percent Feb 2026

China 10-Year Government Bond Yield
Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.
Actual Previous Highest Lowest Dates Unit Frequency
1.80 1.82 4.80 1.59 2000 - 2026 percent Daily

News Stream
China 10Y Yield Hits Over 1-Month Low
China’s 10-year government bond yield fell to around 1.80% on Monday, hitting its lowest level in over a month as investors sought refuge in safer assets following failed US–Iran peace talks. The negotiations ended without a breakthrough, while President Trump announced a full naval blockade of the Strait of Hormuz, raising further fears of global energy disruptions. Amid the evolving Middle East war, Chinese assets such as bonds have merged as a relative safe haven, supported by energy resilience, policy support, and limited exposure to geopolitical tensions. Sentiment has also been reinforced by improving domestic momentum, as the country recently exited producer deflation that has persisted since September 2022. The 10-year yield has risen only by about 3 bps through Friday, compared with gains of at least 40 bps in US and European peers. Investors are now focused on a heavy week of economic data, particularly trade figures, Q1 GDP, industrial output, retail sales, and unemployment.
2026-04-13
China 10Y Yield Remains Steady
China’s 10-year government bond yield steadied around 1.81% on Friday, extending a subdued prior session, as investors weighed the People’s Bank of China’s cautious easing stance against mixed inflation data. Consumer prices rose 1% year-on-year in March 2026, easing more than expected as Lunar New Year-driven demand faded. Meanwhile, producer prices rebounded 0.5%, marking its first increase since September 2022, partly due to higher energy costs amid Middle East tensions and disruptions in the Strait of Hormuz. While China’s strategic reserves and diversified energy imports have helped cushion external shocks, signs of domestic cost pass-through are emerging, reflected in the third retail fuel price hike since late February. Nevertheless, the central bank maintained a cautious stance at its latest quarterly meeting, signaling limited appetite for aggressive monetary easing following a modest rate cut in 2025.
2026-04-10
China 10Y Yield Remains Subdued
China’s 10-year government bond yield held its recent decline to around 1.81%, remaining well below a two-month high reached on March 9, as markets continued to assess developments in the Middle East war. In a notable development, US President Trump announced a two-week ceasefire agreement with Iran, following his earlier threats of military action in the region. As part of the deal, Iran agreed to temporarily reopen the Strait of Hormuz, a critical global oil shipping route. However, sentiment turned cautious amid reports suggesting the 10-point framework lacks full commitment from both sides, leaving the deal fragile and incomplete. Meanwhile, China remains relatively better positioned among Asian peers, supported by the country's large oil stockpiles and comparatively stable energy supply chains. Investors are now turning their attention to upcoming inflation data later this week for further insight into China’s economic health and the potential impact on monetary policy.
2026-04-09