People's Republic of China
Market Watch
| Close of August 11, 2025 |
Change From | |||
|---|---|---|---|---|
| Govt. Bond Yields | Latest Yield | Previous Day | Previous Week | YTD |
| 2 Year | 1.400 | ▼ 0.1 | ▼ 2.3 | ▲ 30.9 |
| 5 Year | 1.565 | ▲ 1.7 | ▼ 0.5 | ▲ 16.9 |
| 10 Year | 1.720 | ▲ 2.4 | ▲ 1.3 | ▲ 5.3 |
|
* Government bond yield changes are expressed in basis points. |
||||
| Currencies | Latest Rate | Previous Day | Previous Week | YTD |
| CNY per USD | 7.189 | ▼ 0.1 | ▼ 0.1 | ▲ 1.5 |
| CNY per JPY | 0.049 | ▲ 0.2 | ▲ 0.6 | ▼ 4.5 |
|
* Exchange rate changes are expressed as a percentage change. |
||||
| Interest Rates | Latest Rate | Previous Day | Previous Week | YTD |
| 3M | 1.289 | ◆ 0.0 | ▼ 0.4 | ▲ 46.3 |
|
* Interest rate changes are expressed in basis point change. |
||||
Policy Rates
| Change From | ||||
|---|---|---|---|---|
| Policy Rates | Latest Rate (25-Sep-2024) |
Previous Rate (25-Jul-2024) |
YTD Rate |
|
| 1-year Medium-term Lending Facility Rate |
2.000 | ▼ 30.0 | ◆ 0.0 | |
|
* Policy rate changes are expressed in basis point change. |
||||
Sovereign Ratings
| Agency | Rating | Outlook | Date | |
|---|---|---|---|---|
| Regional Rating Institutions | ||||
| R&I | AA- | stable | 2019-12-25 | |
| RAM | AA3 | stable | 2019-07-18 | |
| Non-Regional Rating Institutions | ||||
| Fitch | A | stable | 2025-04-03 | |
| S&P | A+ | stable | 2019-09-30 | |
NEWS HIGHLIGHTS
- China’s Policy Banks Rush to Issue Bonds Before Tax Deadline
- China to Tax Bond Interest Income After Decades of Exemption
- China’s 30-Year Bond Auction Draws Highest Yield Since March
- China’s Long Bonds Join Global Drop as US Trade Tensions Ease
- Chinese Convertible Bonds Rally to Decade-High on Surging Demand
Read full index for News and Commentary
BOND ISSUANCES