China's 10-year government bond yield traded around 1.73% on Friday, hovering near its lowest level in nearly two weeks, as investors responded to the People's Bank of China's reaffirmation of its accommodative monetary policy stance. The central bank pledged to maintain appropriately supportive policy settings and strengthen financial backing for domestic consumption, while acknowledging persistent imbalances between robust supply and relatively weak demand. Recent data showed that annual consumer inflation eased to a three-month low of 1% in June from 1.2% in May, while producer inflation rose to 4.1% from 3.9%, marking its fastest pace since July 2022. The latest figures highlighted the continued divergence between consumer and factory-gate price trends. Nevertheless, the PBOC has kept key interest rates and reserve requirement ratios unchanged, focusing instead on refining its policy framework and improving monetary policy transmission.

The yield on China 10Y Bond Yield eased to 1.73% on July 10, 2026, marking a 0.01 percentage points decrease from the previous session. Over the past month, the yield has fallen by 0.05 points, though it remains 0.06 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 July 11 of 2026.

The yield on China 10Y Bond Yield eased to 1.73% on July 10, 2026, marking a 0.01 percentage points decrease from the previous session. Over the past month, the yield has fallen by 0.05 points, though it remains 0.06 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 1.70 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 1.73 -0.013% -0.049% 0.062% Jul/10
China 52W 1.14 -0.016% -0.031% -0.242% Jul/10
China 20Y 2.26 0.015% 0.008% 0.340% Jul/10
China 2Y 1.28 0.028% 0.005% -0.122% Jul/10
China 30Y 2.29 -0.002% 0.042% 0.399% Jul/10
China 3Y 1.33 -0.032% -0.025% -0.097% Jul/10
China 5Y 1.49 0.018% 0.023% -0.038% Jul/10
China 7Y 1.61 0.043% 0.008% 0.003% Jul/10



Related Last Previous Unit Reference
China Inflation Rate 1.00 1.20 percent Jun 2026
China Loan Prime Rate 3.00 3.00 percent Jun 2026
China Unemployment Rate 5.10 5.20 percent May 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
1.73 1.75 4.80 1.59 2000 - 2026 percent Daily

News Stream
China 10Y Yield Hovers Near 2-Week Low
China's 10-year government bond yield traded around 1.73% on Friday, hovering near its lowest level in nearly two weeks, as investors responded to the People's Bank of China's reaffirmation of its accommodative monetary policy stance. The central bank pledged to maintain appropriately supportive policy settings and strengthen financial backing for domestic consumption, while acknowledging persistent imbalances between robust supply and relatively weak demand. Recent data showed that annual consumer inflation eased to a three-month low of 1% in June from 1.2% in May, while producer inflation rose to 4.1% from 3.9%, marking its fastest pace since July 2022. The latest figures highlighted the continued divergence between consumer and factory-gate price trends. Nevertheless, the PBOC has kept key interest rates and reserve requirement ratios unchanged, focusing instead on refining its policy framework and improving monetary policy transmission.
2026-07-09
China 10Y Yield Falls to 1-Week Low
China's 10-year government bond yield fell to around 1.73% on Wednesday, reaching its lowest level in more than a week as record demand at the latest auction of 10-year government bonds underscored strong investor appetite for sovereign debt. China's sale of 10-year government bonds drew a record bid-to-cover ratio of 7.23, the highest level in Bloomberg data dating back to 2004. The bonds were awarded at an average yield of 1.7249%, with the highest accepted yield at 1.7418%. Market participants said the strong auction demand was likely supported by a recent upward adjustment in auction yields following the removal of certain underwriting rebates, making the securities more attractive to arbitrage investors. Separately, the World Bank forecast China's economic growth to slow to 4.4% in 2026 and 4.3% in 2027, citing a prolonged property market downturn and subdued consumer demand.
2026-07-07
China 10Y Yield Extends Decline
China's 10-year government bond yield fell to around 1.73% on Monday, continuing its slide from the previous session after investors viewed the People's Bank of China's latest moves as signaling greater caution. The central bank purchased a net 10 billion yuan ($1.47 billion) of government bonds in June, down sharply from 50 billion yuan in the previous month and marking the lowest monthly total since October 2025. The pullback in purchases suggests policymakers are seeking to limit further declines in yields and discourage excessive speculation in the bond market. The move also reflects the PBOC's introduction of a new overnight open-market operation last month. On the economic front, a private survey showed that China's services PMI eased to 54.1 in June from 54.4 in May but remained above market expectations of 53.0. Earlier in the week, official data showed that the non-manufacturing PMI edged up to 50.2 from 50.1, defying expectations for a slight contraction of 49.9.
2026-07-03