China’s 10-year government bond yield held its decline around 1.70% on Friday, as persistent economic weakness fueled expectations for more policy support. 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.
The yield on China 10Y Bond Yield eased to 1.70% on August 28, 2026, marking a 0.01 percentage points decrease from the previous session. Over the past month, the yield has fallen by 0.05 points and is 0.09 points lower 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 August 29 of 2026.
The yield on China 10Y Bond Yield eased to 1.70% on August 28, 2026, marking a 0.01 percentage points decrease from the previous session. Over the past month, the yield has fallen by 0.05 points and is 0.09 points lower 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 1.68 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 1.57 in 12 months time.