China’s 10-year government bond yield held below 2.3% in a muted market reaction despite stronger-than-expected GDP numbers in China. Official data showed that the country’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. Analysts said that strong first quarter growth will likely prevent authorities from easing policy further, which should provide some support to the domestic yields. However, industrial production and retail sales in China rose less than anticipated in March. Earlier this week, the People’s Bank of China kept its one-year medium-term lending facility rate at 2.5% during its April fixing, as widely expected.
China 10Y Bond Yield was 2.27 percent on Thursday April 18, 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 18 of 2024.
China 10Y Bond Yield was 2.27 percent on Thursday April 18, 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.