China’s 10-year government bond yield fell to around 1.79% on Wednesday, its lowest level in nearly three weeks, as investors assessed a mixed batch of PMI data while closely monitoring key political meetings in Beijing. Official figures showed the composite PMI slipped to a more than three-year low of 49.5 in February 2026, dragged down by both manufacturing (49 vs 49.3) and services (49.5 vs 49.4) activity. In contrast, a private survey showed the composite PMI climbed to a near three-year high of 55.4, mainly due to continued growth in both manufacturing (52.1 vs 50.3) and services (56.7 vs 52.3). Meanwhile, investors are also focused on the annual “Two Sessions” meetings taking place this week in Beijing. The gatherings, formally the National People’s Congress and the Chinese People’s Political Consultative Conference, run in parallel and typically set the tone for economic, technology, and defense policy, while also releasing the 15th Five-Year Plan for 2026–2030.

The yield on China 10Y Bond Yield held steady at 1.79% on March 4, 2026. Over the past month, the yield has fallen by 0.02 points, though it remains 0.04 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 March 4 of 2026.

The yield on China 10Y Bond Yield held steady at 1.79% on March 4, 2026. Over the past month, the yield has fallen by 0.02 points, though it remains 0.04 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 1.81 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 1.79 -0.003% -0.024% 0.041% Mar/04
China 52W 1.28 -0.010% 0.017% -0.150% Mar/04
China 20Y 2.27 -0.002% -0.130% 0.283% Mar/04
China 2Y 1.34 -0.018% -0.038% -0.055% Mar/04
China 30Y 2.28 0.002% 0.037% 0.390% Mar/04
China 3Y 1.37 -0.005% -0.023% -0.115% Mar/04
China 5Y 1.52 -0.011% -0.049% -0.026% Mar/04
China 7Y 1.65 -0.007% -0.038% 0.007% Mar/04



Related Last Previous Unit Reference
China Inflation Rate 0.20 0.80 percent Jan 2026
China Loan Prime Rate 3.00 3.00 percent Feb 2026
China Unemployment Rate 5.10 5.10 percent Dec 2025

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
1.79 1.79 4.80 1.59 2000 - 2026 percent Daily

News Stream
China 10Y Yield Hits Near 3-Week Low
China’s 10-year government bond yield fell to around 1.79% on Wednesday, its lowest level in nearly three weeks, as investors assessed a mixed batch of PMI data while closely monitoring key political meetings in Beijing. Official figures showed the composite PMI slipped to a more than three-year low of 49.5 in February 2026, dragged down by both manufacturing (49 vs 49.3) and services (49.5 vs 49.4) activity. In contrast, a private survey showed the composite PMI climbed to a near three-year high of 55.4, mainly due to continued growth in both manufacturing (52.1 vs 50.3) and services (56.7 vs 52.3). Meanwhile, investors are also focused on the annual “Two Sessions” meetings taking place this week in Beijing. The gatherings, formally the National People’s Congress and the Chinese People’s Political Consultative Conference, run in parallel and typically set the tone for economic, technology, and defense policy, while also releasing the 15th Five-Year Plan for 2026–2030.
2026-03-04
China 10Y Yield Nears 3-Week Low
China’s 10-year government bond yield dropped further below 1.8% on Tuesday, approaching a three-week low, as investors continued to seek safer assets amid risks of further escalations in the Middle East conflict. A senior US official indicated that Washington may significantly ramp up strikes on Iran within 24 hours, targeting missile production, drones, and naval assets. Meanwhile, Iran warned that ships attempting to transit the Strait of Hormuz, a key chokepoint for roughly one-fifth of global oil shipments, could be targeted, effectively stalling tanker flows and raising global supply risks. As the world’s largest oil importer, China faces higher energy costs that could weigh on economic growth and stoke domestic inflation. Attention now turns to Beijing’s annual “Two Sessions” from March 4–11, where authorities are expected to set economic targets, outline policy priorities, and release the 15th Five-Year Plan for 2026–2030.
2026-03-03
China 10Y Yield Eases from 5-Week High
China’s 10-year government bond yield fell to around 1.81% on Monday, easing from a five-week high, as investors sought safe-haven assets amid escalating conflict in the Middle East. The US and Israel carried out coordinated strikes on Iran over the weekend, killing Iran’s Supreme Leader, Ayatollah Ali Khamenei. Iran retaliated against US assets in neighboring countries, rattling global markets and effectively closing the Strait of Hormuz. As the world’s largest crude importer, China faces inflationary and growth pressures from surging oil prices. Beijing urged an immediate ceasefire and advised citizens in the region to evacuate. Markets are also focused on China’s annual Two Sessions from March 4–11, where policymakers will set economic targets and release the 15th Five-Year Plan for 2026–2030. Meanwhile, the PBOC officially cut the FX risk reserve ratio on forward sales from 20% to 0%, effective today, signaling efforts to increase liquidity and stabilize capital flows.
2026-03-02