China 10Y Yield Edges Higher on Profit Data

2026-08-27 02:45 By Czyrill Jean Coloma 1 min. read

China’s 10-year government bond yield edged up to around 1.70% on Thursday after holding steady for the previous two sessions, as industrial profit data underscored persistent weakness in the economy.

Industrial profits rose 17.6% year-on-year to CNY 4.58 trillion in the first seven months of 2026, easing from an 18.7% gain in the January–June period.

The slowdown pointed to mounting pressure on profitability due to subdued domestic demand and the fading boost from earlier oil price gains.

The figures added to concerns over China’s growth outlook after July data showed industrial output, retail sales, and fixed-asset investment all undershot expectations.

Earlier this week, the People’s Bank of China kept its key lending rates at record lows, holding the one-year LPR at 3.0% and the five-year LPR at 3.5%, signaling a sustained cautious stance.

Investors are watching the National People’s Congress Standing Committee meeting, which ends August 28, for fresh measures to support growth.



News Stream
China 10Y Yield Edges Higher on Profit Data
China’s 10-year government bond yield edged up to around 1.70% on Thursday after holding steady for the previous two sessions, as industrial profit data underscored persistent weakness in the economy. Industrial profits rose 17.6% year-on-year to CNY 4.58 trillion in the first seven months of 2026, easing from an 18.7% gain in the January–June period. The slowdown pointed to mounting pressure on profitability due to subdued domestic demand and the fading boost from earlier oil price gains. The figures added to concerns over China’s growth outlook after July data showed industrial output, retail sales, and fixed-asset investment all undershot expectations. Earlier this week, the People’s Bank of China kept its key lending rates at record lows, holding the one-year LPR at 3.0% and the five-year LPR at 3.5%, signaling a sustained cautious stance. Investors are watching the National People’s Congress Standing Committee meeting, which ends August 28, for fresh measures to support growth.
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China's 10-year government bond yield rose to around 1.68% on Wednesday, staying away from a recently reached one-year low after the People's Bank of China left its benchmark lending rates unchanged at record lows for the fifteenth consecutive month. The central bank left the one-year loan prime rate (LPR) at 3.0% and the five-year LPR at 3.5%, signaling a measured policy approach as it reiterated its commitment to maintaining an accommodative monetary stance. Meanwhile, expectations for additional stimulus measures remain elevated following a string of weak July economic indicators, including softer industrial output, retail sales, and fixed-asset investment data. Markets are now turning their attention to the National People's Congress Standing Committee meeting in Beijing from August 25 to 28, where investors will watch closely for fresh policy guidance and potential stimulus measures to support economic recovery.
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