China’s 10-year government bond yield slipped below 2.3%, hovering near record lows even after the central bank kept key lending rates unchanged amid stronger-than-expected first quarter GDP figures and efforts to stabilize the yuan. The People’s bank of China held its one-year and five-year loan price rates at 3.45% and 3.95%, respectively, during its April fixing. Official data showed that China’s economy expanded 5.3% in the first quarter from a year ago, higher than the 5.2% seen in the previous quarter and beating expectations for a 5% growth. Meanwhile, markets are betting that authorities would ease policy further as a batch of economic indicators for March pointed to slowing activity.
China 10Y Bond Yield was 2.21 percent on Friday April 26, 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 April 26 of 2024.
China 10Y Bond Yield was 2.21 percent on Friday April 26, 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 2.30 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 2.24 in 12 months time.