China’s 10-year government bond yield edged lower to around 1.75% on Friday, extending a modest decline from the previous session as investors positioned ahead of Trump–Xi summit next week. The two leaders are expected to meet in Beijing on May 14–15, which was previously postponed due to heightened tensions linked to the Middle East conflict. In a fresh escalation in the region, three US Navy destroyers transiting the Strait of Hormuz reportedly intercepted Iranian attacks and conducted retaliatory strikes. Uncertainty still surrounds the visit, with reports suggesting Beijing remains cautious about moving forward while the US–Iran standoff shows no clear signs of de-escalation. Separately, China’s financial regulators have reportedly instructed major banks to halt new financing for five US-sanctioned refineries over alleged Iranian oil ties—marking a notable shift from earlier guidance that encouraged lenders to disregard US sanctions.

The yield on China 10Y Bond Yield held steady at 1.76% on May 8, 2026. Over the past month, the yield has fallen by 0.06 points, though it remains 0.13 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 May 8 of 2026.

The yield on China 10Y Bond Yield held steady at 1.76% on May 8, 2026. Over the past month, the yield has fallen by 0.06 points, though it remains 0.13 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 1.74 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 1.66 in 12 months time.



Bonds Yield Day Month Year Date
China 10Y 1.76 0% -0.058% 0.130% May/08
China 52W 1.17 0.008% -0.027% -0.242% May/08
China 20Y 2.25 -0.011% -0.050% 0.315% May/08
China 2Y 1.28 -0.015% -0.050% -0.130% May/08
China 30Y 2.29 0.001% -0.058% 0.398% May/08
China 3Y 1.30 -0.002% -0.062% -0.162% May/08
China 5Y 1.48 -0.006% -0.064% 0.003% May/08
China 7Y 1.63 -0.002% -0.058% 0.073% May/08



Related Last Previous Unit Reference
China Inflation Rate 1.00 1.30 percent Mar 2026
China Loan Prime Rate 3.00 3.00 percent Apr 2026
China Unemployment Rate 5.40 5.30 percent Mar 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
1.76 1.76 4.80 1.59 2000 - 2026 percent Daily

News Stream
China 10Y Yield Falls Before Trump–Xi Talks
China’s 10-year government bond yield edged lower to around 1.75% on Friday, extending a modest decline from the previous session as investors positioned ahead of Trump–Xi summit next week. The two leaders are expected to meet in Beijing on May 14–15, which was previously postponed due to heightened tensions linked to the Middle East conflict. In a fresh escalation in the region, three US Navy destroyers transiting the Strait of Hormuz reportedly intercepted Iranian attacks and conducted retaliatory strikes. Uncertainty still surrounds the visit, with reports suggesting Beijing remains cautious about moving forward while the US–Iran standoff shows no clear signs of de-escalation. Separately, China’s financial regulators have reportedly instructed major banks to halt new financing for five US-sanctioned refineries over alleged Iranian oil ties—marking a notable shift from earlier guidance that encouraged lenders to disregard US sanctions.
2026-05-06
China 10Y Yield Steady After PMI Data
China’s 10-year government bond yield steadied at 1.75%, following two straight sessions of losses as investors assessed the latest PMI figures. Official data showed manufacturing PMI edged down to 50.3 in April from 50.4 in March, but still beat the market expectations of 50.1 and remained in expansion territory for a second straight month. RatingDog also revealed that the manufacturing PMI rose to 52.2 from 50.8, above forecasts of 51 and marking its highest level since December 2020. The recent PMI signalled resilience in China’s industrial sector, supported by strategic petroleum reserve management and sustained investment in renewable energy amid external risks from prolonged Middle East war. Separately, US President Trump is expected to visit China on May 14–15, with reports suggesting Taiwan may feature more prominently in discussions than during their previous meeting in South Korea, where it was largely avoided. China’s bond markets will be closed from May 1–5 for Labour Day.
2026-04-30
China 10Y Yield Extends Decline
China’s 10-year government bond yield fell to around 1.75%, extending losses from the previous session as investors sought safer assets amid persistent Middle East tensions and renewed US–China friction. Uncertainty over stalled US–Iran talks and the Strait of Hormuz, alongside reports that President Trump is dissatisfied with Iran’s latest proposal, has kept energy markets on edge and heightened inflation concerns through the oil channel. In China, producer prices rose 0.5% in March, marking its first increase since September 2022, driven by higher global commodity prices and improving domestic demand. Meanwhile, the US intensified scrutiny of China’s ties with Iran, sanctioning a major refiner and warning Chinese banks of potential secondary sanctions. Tensions further rose after Meta Platforms was blocked from acquiring AI startup Manus, reflecting Beijing’s tighter control over strategic technologies, alongside new supply chain and export compliance measures.
2026-04-29