China 10Y Yield Hits 3-Month Low

2026-02-11 03:56 By Czyrill Jean Coloma 1 min. read

China’s 10-year government bond yield fell to around 1.78% on Thursday, hitting its lowest level since November 2025, supported by a moderately accommodative stance from the People’s Bank of China.

The central bank reiterated its commitment to a “moderately loose” policy, signaling careful adjustments to the pace and timing of measures in response to evolving domestic and global conditions and market development.

The guidance comes ahead of the latest inflation data, which showed annual consumer price growth slowing to 0.2% in January 2026 from 0.8% in December, while producer price deflation eased to 1.4% from 1.9%.

Meanwhile, China sold CNY 14 billion in sovereign bonds in its first Hong Kong auction of the year, at the lowest yields in over a decade, reflecting strong demand and supporting Beijing’s push to expand the yuan’s global use.

The 2-year bond was issued at 1.38%, while 3-year and 5-year bonds were sold at 1.4% and 1.57%, with 10-year and 30-year maturities also offered.



News Stream
China 10Y Yield Hits 3-Month Low
China’s 10-year government bond yield fell to around 1.78% on Thursday, hitting its lowest level since November 2025, supported by a moderately accommodative stance from the People’s Bank of China. The central bank reiterated its commitment to a “moderately loose” policy, signaling careful adjustments to the pace and timing of measures in response to evolving domestic and global conditions and market development. The guidance comes ahead of the latest inflation data, which showed annual consumer price growth slowing to 0.2% in January 2026 from 0.8% in December, while producer price deflation eased to 1.4% from 1.9%. Meanwhile, China sold CNY 14 billion in sovereign bonds in its first Hong Kong auction of the year, at the lowest yields in over a decade, reflecting strong demand and supporting Beijing’s push to expand the yuan’s global use. The 2-year bond was issued at 1.38%, while 3-year and 5-year bonds were sold at 1.4% and 1.57%, with 10-year and 30-year maturities also offered.
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