Actual
1.6493
Daily Change
0.001%
Monthly
-0.04%
Yearly
-0.15%
Q4 Forecast
1.6410
China 10-Year Government Bond Yield - Summary

China’s 10-year government bond yield fell to around 1.64%, hitting its lowest level since April 2025 after the People’s Bank of China left its benchmark lending rates unchanged. The central bank kept the one-year loan prime rate at 3% and the five-year rate at 3.5%, holding both at record lows for a 17th consecutive month. The decision followed data showing China’s economy grew 4.5% year-over-year in Q3 2026, accelerating from a three-year low in Q2 and beating market forecasts. The rebound keeps Beijing’s full-year growth target of 4.5%–5.0% within reach, giving policymakers more room to delay broad-based monetary easing after introducing fresh targeted support measures. Meanwhile, PBoC Governor Pan Gongsheng said the central bank would place greater emphasis on short-term interest rates, with the overnight interbank repo rate potentially serving as a benchmark for bonds and financial derivatives while the LPR remains the benchmark for corporate and personal loans.

China 10-Year Government Bond Yield - Stats

The yield on China 10Y Bond Yield held steady at 1.65% on October 23, 2026. Over the past month, the yield has fallen by 0.04 points and is 0.15 points lower 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 5.05 in July of 2007. China 10-Year Government Bond Yield - data, forecasts, historical chart - was last updated on October 25 of 2026.

China 10-Year Government Bond Yield - Forecast

The yield on China 10Y Bond Yield held steady at 1.65% on October 23, 2026. Over the past month, the yield has fallen by 0.04 points and is 0.15 points lower 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 1.64 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 1.61 in 12 months time.



Bonds Yield Day Month Year Date
China 10Y 1.65 0.001% -0.039% -0.151% Oct/23
China 52W 1.19 0.021% -0.034% -0.228% Oct/23
China 20Y 2.09 -0.003% -0.037% -0.122% Oct/23
China 2Y 1.27 0.010% 0.021% -0.242% Oct/23
China 30Y 2.09 0.010% -0.027% -0.138% Oct/23
China 3Y 1.26 0.020% -0.035% -0.288% Oct/23
China 5Y 1.37 -0.009% -0.034% -0.245% Oct/23
China 7Y 1.45 -0.008% -0.049% -0.327% Oct/23



Related Last Previous Unit Reference
China Inflation Rate 0.90 0.80 percent Sep 2026
China Loan Prime Rate 3.00 3.00 percent Oct 2026
China Unemployment Rate 5.20 5.30 percent Sep 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
1.65 1.65 5.05 1.61 2000 - 2026 percent Daily

News Stream
China 10Y Yield Hits Over 1-Year Low
China’s 10-year government bond yield fell to around 1.64%, hitting its lowest level since April 2025 after the People’s Bank of China left its benchmark lending rates unchanged. The central bank kept the one-year loan prime rate at 3% and the five-year rate at 3.5%, holding both at record lows for a 17th consecutive month. The decision followed data showing China’s economy grew 4.5% year-over-year in Q3 2026, accelerating from a three-year low in Q2 and beating market forecasts. The rebound keeps Beijing’s full-year growth target of 4.5%–5.0% within reach, giving policymakers more room to delay broad-based monetary easing after introducing fresh targeted support measures. Meanwhile, PBoC Governor Pan Gongsheng said the central bank would place greater emphasis on short-term interest rates, with the overnight interbank repo rate potentially serving as a benchmark for bonds and financial derivatives while the LPR remains the benchmark for corporate and personal loans.
2026-10-20
China 10Y Yield Rebounds from 2025 Low
China’s 10-year government bond yield rose to around 1.66% on Monday, rebounding from a more than one-year low in the previous session even as key economic data pointed to a recovery in growth momentum. China’s economy expanded 4.5% year-on-year in Q3 2026, accelerating from Q2’s three-year low of 4.3% and above market forecasts of 4.4%. Growth for the first nine months reached 4.6%, keeping the economy on track to meet the government’s full-year target of 4.5%-5%. Meanwhile, industrial output accelerated to 5.5% in September from 5.2% in August, while retail sales picked up to 1.1% from 0.4%. The surveyed urban unemployment rate also edged down to 5.2% from August’s five-month high of 5.3%. Investors will look to remarks from China’s top financial regulators at the Financial Street Forum in Beijing later today for fresh policy signals to support the economy, amid speculation about a potential shift in the policy rate benchmark from the current seven-day rate to an overnight rate.
2026-10-19
China 10Y Yield Hovers Near 2025 Low
China’s 10-year government bond yield fell to around 1.66% on Friday, hovering near its lowest level since June 2025, as a strengthening yuan and a lackluster economy bolstered demand for Chinese sovereign debt. The yield has declined 18 basis points since the end of December, while Chinese bonds have delivered nearly 10% returns over the past 12 months for dollar-based investors. Chinese bonds have also benefited from the country’s relative insulation from rising oil prices, supported by substantial strategic reserves and the continued shift toward electrified transport. Beijing’s efforts to attract more foreign investors to its domestic bond market are providing another source of support as China seeks to expand the yuan’s international role. The rally has widened the yield gap between Chinese and US government bonds to a record this month, with China’s 10-year yield at 1.67%, 352 basis points below that of comparable-maturity US Treasuries.
2026-10-15