China’s benchmark ten-year sovereign yield fell to an all-time intraday low on Friday, slipping about one basis point to 1.58 percent, the lowest level on record for the on-the-run notes according to data compiled by Bloomberg. Bloomberg attributed the move to haven demand during the Asian equity selloff, together with a recent shift in the policy rate that investors regarded as a de facto easing.
China ten-year yield hits record intraday low
China's benchmark ten-year sovereign yield slipped about one basis point to 1.58 percent on Friday, the lowest intraday level on record for the on-the-run notes.
Why it matters: A record low yield while Asian equities rout shows Chinese government bonds trading as the region's haven asset, and it tightens the PBOC's room to ease without pushing yields further from its comfort zone.
Data as of Bloomberg report of November 6, 2026, read via the estate browser route in this run; the yield figures are Bloomberg-compiled market data from the article's opening section. Single-sourced. Developing item.
Sources
- China's 10-Year Yield Hits Record Intraday Low on Haven Demand - Bloomberg - 2026-11-06