People's Republic of China
Market Watch
| Close of April 27, 2026 |
Change From | |||
|---|---|---|---|---|
| Govt. Bond Yields | Latest Yield | Previous Day | Previous Week | YTD |
| 2 Year | 1.252 | ▲ 0.5 | ▼ 3.7 | ▼ 11.3 |
| 5 Year | 1.489 | ▲ 0.5 | ▼ 1.6 | ▼ 12.4 |
| 10 Year | 1.759 | ▲ 0.7 | ▼ 0.3 | ▼ 8.4 |
|
* Government bond yield changes are expressed in basis points. |
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| Currencies | Latest Rate | Previous Day | Previous Week | YTD |
| CNY per USD | 6.827 | ▲ 0.1 | ▼ 0.1 | ▲ 2.3 |
| CNY per JPY | 0.043 | ▲ 0.1 | ▲ 0.2 | ▲ 4.0 |
|
* Exchange rate changes are expressed as a percentage change. |
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| Interest Rates | Latest Rate | Previous Day | Previous Week | YTD |
| 3M | 1.094 | ◆ 0.0 | ▼ 4.8 | ▼ 17.9 |
|
* Interest rate changes are expressed in basis point change. |
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Policy Rates
| Change From | ||||
|---|---|---|---|---|
| Policy Rates | Latest Rate (7-May-2025) |
Previous Rate (27-Sep-2024) |
YTD Rate |
|
| 7-Day Reverse Repo Rate | 1.400 | ▼ 10.0 | ◆ 0.0 | |
|
* Policy rate changes are expressed in basis point change. |
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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
- Chinese Regulator Promotes Floating-Rate Bonds to Manage Risks
- PBOC Injects Cash Despite Flush Liquidity, Fueling Bond Rally
- China’s Sale of Yuan Bonds in Hong Kong Draws Record-Low Yield
- Foreign Investors Keep Selling Chinese Bonds Despite Resilience
- China’s Exports Stumble, Imports Soar in First Month of Iran War