China 10Y Bond Yield was 1.88 percent on Wednesday March 26, according to over-the-counter interbank yield quotes for this government bond maturity. China 10-Year Government Bond Yield - values, historical data, forecasts and news - updated on March of 2025.

China Bond Yield: Treasury Bond: 10 Year data was reported at 1.818 % pa in 25 Mar 2025. This records a decrease from the previous number of 1.841 % pa for 24 Mar 2025. China Bond Yield: Treasury Bond: 10 Year data is updated daily, averaging 3.263 % pa from Mar 2006 (Median) to 25 Mar 2025, with 4771 observations. The data reached an all-time high of 4.722 % pa in 20 Nov 2013 and a record low of 1.596 % pa in 06 Feb 2025. China Bond Yield: Treasury Bond: 10 Year data remains active status in CEIC and is reported by China Central Depository & Clearing Co., Ltd. The data is categorized under China Premium Database’s Money Market, Interest Rate, Yield and Exchange Rate – Table CN.MF: PBC & CCDC: Treasury Bond and Other Bond Yield: Daily.

China Bond Issuance: PBC: Local Government Bond data was reported at 557,570.000 RMB mn in Jan 2025. This records a decrease from the previous number of 1,115,190.000 RMB mn for Dec 2024. China Bond Issuance: PBC: Local Government Bond data is updated monthly, averaging 549,855.000 RMB mn from May 2015 (Median) to Jan 2025, with 104 observations. The data reached an all-time high of 1,933,660.000 RMB mn in Jun 2022 and a record low of 0.000 RMB mn in Jan 2018. China Bond Issuance: PBC: Local Government Bond data remains active status in CEIC and is reported by The People's Bank of China. The data is categorized under China Premium Database’s Financial Market – Table CN.ZD: PBC, CCDC, SHCH: Bond Issued.

As of January 7, 2025, the Chinese bond market displayed a positive spread of 56.3 basis points between 10-year and 2-year yields, indicating long-term rates well above short-term ones. The 5-year versus 2-year spread was also positive, at 32.2 basis points. On the other hand, the 2-year versus 1-year spread was negative (-4), indicating a mildly inverted yield curve.

China Bond Outstanding: PBC data was reported at 178,284,600.000 RMB mn in Jan 2025. This records an increase from the previous number of 177,001,100.000 RMB mn for Dec 2024. China Bond Outstanding: PBC data is updated monthly, averaging 93,628,381.270 RMB mn from Jan 2014 (Median) to Jan 2025, with 133 observations. The data reached an all-time high of 178,284,600.000 RMB mn in Jan 2025 and a record low of 30,081,782.160 RMB mn in Jan 2014. China Bond Outstanding: PBC data remains active status in CEIC and is reported by The People's Bank of China. The data is categorized under China Premium Database’s Financial Market – Table CN.ZD: PBC, NDRC, CSRC, CCDC, SHCH: Bond Outstanding.

China 3 Year Bond Yield was 1.54 percent on Wednesday March 26, according to over-the-counter interbank yield quotes for this government bond maturity. This dataset includes a chart with historical data for China 3Y.

China 5 Year Bond Yield was 1.65 percent on Wednesday March 26, according to over-the-counter interbank yield quotes for this government bond maturity. This dataset includes a chart with historical data for China 5Y.

China Bond Yield: Treasury Bond: 6 Month data was reported at 1.570 % pa in 25 Mar 2025. This records a decrease from the previous number of 1.581 % pa for 24 Mar 2025. China Bond Yield: Treasury Bond: 6 Month data is updated daily, averaging 2.420 % pa from Mar 2006 (Median) to 25 Mar 2025, with 4771 observations. The data reached an all-time high of 4.374 % pa in 25 Jun 2013 and a record low of 0.930 % pa in 24 Dec 2024. China Bond Yield: Treasury Bond: 6 Month data remains active status in CEIC and is reported by China Central Depository & Clearing Co., Ltd. The data is categorized under China Premium Database’s Money Market, Interest Rate, Yield and Exchange Rate – Table CN.MF: PBC & CCDC: Treasury Bond and Other Bond Yield: Daily.

In 2023, the value of bonds issued by China's monetary authority amounted to 125 billion yuan. Despite the outbreak of COVID-19, the People's Bank of China issued fewer bonds than in the previous year.

China 2 Year Bond Yield was 1.48 percent on Thursday March 27, according to over-the-counter interbank yield quotes for this government bond maturity. This dataset includes a chart with historical data for China 2Y.

In 2023, the value of government securities amounted to over 20 trillion yuan. The largest share of the debt was financial bonds which reached a value of over 36 trillion yuan.

In August 2024, the average yield on ten-year government bonds in the United States was equal to 3.87 percent. This was the highest of the selected developed economies considered in this statistic. The countries with the lowest yield were Germany and Japan, with 2.24 and 0.88 percent respectively. Bonds and yields – additional information The bond yield indicates the level of return that the investor can expect from a given type of bond. The government of Italy, for instance, offered the investors 3.63 percent yield on ten-year government bonds for borrowing their money in August 2024. In the United States, government needs are also financed by selling various debt instruments such as Treasury bills, notes, bonds and savings bonds to investors. The largest holders of U.S. debt are Federal Reserve and Government accounts in the United States. The major foreign holders of the United States treasury securities are Japan, Mainland China, and the United Kingdom.

China Bond Yield: Treasury Bond: 30 Year data was reported at 2.010 % pa in 27 Mar 2025. This records an increase from the previous number of 2.000 % pa for 26 Mar 2025. China Bond Yield: Treasury Bond: 30 Year data is updated daily, averaging 3.836 % pa from Mar 2006 (Median) to 27 Mar 2025, with 4773 observations. The data reached an all-time high of 5.199 % pa in 06 Jan 2014 and a record low of 1.799 % pa in 13 Feb 2025. China Bond Yield: Treasury Bond: 30 Year data remains active status in CEIC and is reported by China Central Depository & Clearing Co., Ltd. The data is categorized under China Premium Database’s Money Market, Interest Rate, Yield and Exchange Rate – Table CN.MF: PBC & CCDC: Treasury Bond and Other Bond Yield: Daily.

The interbank market in China was the largest venue for issuing green bonds. In 2021, green bonds valued at almost two trillion yuan have been issued via that venue. The Chinese government had pushed the development of green financial products in recent years to support its climate strategy. In recent years, state-owned entities had been the leading force behind the growth of sustainable investment vehicles.

In January 2020, prior to the onset of the global coronavirus (COVID-19) pandemic, three of the seven largest economies by GDP had negative yields for two-year government bonds (Japan, Germany and France). With the onset of the pandemic, two-year bond yields in these countries actually rose slightly - in contrast to the other major economies, where yields fell over this period. As of December 2024, yields for two-year government bonds exhibited fluctuations across all countries. Notably, Japan showed a slight upward trend, while China experienced a modest decline.Negative yields assume that investors lack confidence in economic growth, meaning many investments (such as stocks) may lose value. Therefore, it is preferable to take a small loss on government debt that carries almost no risk to the investor, than risk a larger loss on other investments. As both the yen and euro are considered very safe assets, Japanese, German and French bonds were already being held by many investors prior to the pandemic as a hedge against economic downturn. Therefore, with the announcement of fiscal responses to the pandemic by many governments around March 2020, the value of these assets rose as confidence increased (slightly) that the worst case may be avoided. At the same time, yields on bonds with a higher return fell, as investors sought out investments with a higher return that were still considered safe.

China Bond Yield: Treasury Bond: 3 Month data was reported at 1.570 % pa in 25 Mar 2025. This records a decrease from the previous number of 1.580 % pa for 24 Mar 2025. China Bond Yield: Treasury Bond: 3 Month data is updated daily, averaging 2.304 % pa from Mar 2006 (Median) to 25 Mar 2025, with 4771 observations. The data reached an all-time high of 5.113 % pa in 21 Jun 2013 and a record low of 0.782 % pa in 25 Dec 2024. China Bond Yield: Treasury Bond: 3 Month data remains active status in CEIC and is reported by China Central Depository & Clearing Co., Ltd. The data is categorized under China Premium Database’s Money Market, Interest Rate, Yield and Exchange Rate – Table CN.MF: PBC & CCDC: Treasury Bond and Other Bond Yield: Daily. [COVID-19-IMPACT]

As of 2023, the United States had the largest bond market worldwide, accounting for nearly 40 percent of the total. The European Union was second in the ranking, accouting for almost one fifth of the total outstanding value of corporate and government bonds worldwid, followed by China with 16.3 percent.

As of 2022, over 80 percent of Chinese green bonds were denominated in yuan. In addition to that, the Chinese sustainable bond market is in large parts domestic. Green bonds are an emerging investment tool in China that is designed to fund environmentally friendly projects. They are gaining popularity as the country seeks to reduce its carbon footprint and transition to a more sustainable economy.

In 2023, the green bond issuance in China exceeded 83 U.S. dollars, while Germany came in second with 67 billion U.S. dollars worth of green bonds. Green bonds are fixed-income instruments which are specifically designed to raise money for climate and environmental projects.

China Bond Yield: Treasury Bond: 3 Year data was reported at 1.634 % pa in 25 Mar 2025. This records a decrease from the previous number of 1.639 % pa for 24 Mar 2025. China Bond Yield: Treasury Bond: 3 Year data is updated daily, averaging 2.869 % pa from Mar 2006 (Median) to 25 Mar 2025, with 4771 observations. The data reached an all-time high of 4.500 % pa in 20 Nov 2013 and a record low of 1.085 % pa in 24 Dec 2024. China Bond Yield: Treasury Bond: 3 Year data remains active status in CEIC and is reported by China Central Depository & Clearing Co., Ltd. The data is categorized under China Premium Database’s Money Market, Interest Rate, Yield and Exchange Rate – Table CN.MF: PBC & CCDC: Treasury Bond and Other Bond Yield: Daily.