China 10Y Yield Extends Fall to Over 1-Month Low

2026-04-20 02:52 By Czyrill Jean Coloma 1 min. read

China’s 10-year government bond yield fell to around 1.75%, extending losses from the previous session and hitting its lowest level in over a month, as markets continued to price in expectations of a persistently accommodative policy stance from the People’s Bank of China.

The one-year Loan Prime Rate remained unchanged at 3%, while the five-year LPR held steady at 3.5%, marking the eleventh consecutive month of no adjustment and record lows.

While deflationary pressures have shown tentative signs of easing and growth momentum is gradually stabilising, authorities remain alert to external risks, including rising geopolitical tensions in the Middle East after the US seized an Iranian cargo vessel over sanctions violations, while Iran signalled it will not participate in a second round of ceasefire talks.

The central bank reiterated that monetary policy would remain “supportive” and “moderately loose,” aiming to sustain growth while preserving currency stability and financial conditions.



News Stream
China 10Y Yield Extends Fall to Over 1-Month Low
China’s 10-year government bond yield fell to around 1.75%, extending losses from the previous session and hitting its lowest level in over a month, as markets continued to price in expectations of a persistently accommodative policy stance from the People’s Bank of China. The one-year Loan Prime Rate remained unchanged at 3%, while the five-year LPR held steady at 3.5%, marking the eleventh consecutive month of no adjustment and record lows. While deflationary pressures have shown tentative signs of easing and growth momentum is gradually stabilising, authorities remain alert to external risks, including rising geopolitical tensions in the Middle East after the US seized an Iranian cargo vessel over sanctions violations, while Iran signalled it will not participate in a second round of ceasefire talks. The central bank reiterated that monetary policy would remain “supportive” and “moderately loose,” aiming to sustain growth while preserving currency stability and financial conditions.
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