China

One of the largest emerging bond markets.

China Government Bond Yields

Chinese government bond yields reflect market expectations for economic growth, inflation, and monetary policy set by the People’s Bank of China.

China 10-Year Government Bond Yield Data

Historical data for China’s 10-year government bond yield, showing long-term interest rate trends in the Chinese bond market.

China 10-Year Government Bond Yield

The yield on China’s 10-year government bonds has shown a clear downward trend since its peak around 2017–2018, when rates approached 4%. In the following years, economic slowdown, weaker domestic demand, and accommodative monetary policy contributed to gradually lower yields. 

The decline accelerated after 2022 as China’s property sector crisis and slower growth outlook increased expectations for monetary easing. By 2024–2026, the yield stabilized around roughly 1.6–1.8%, reflecting a significantly lower long-term interest rate environment compared with the previous decade.