The 2-year government bond yield for China reflects the market's expectation for the People's Bank of China's policy rate over the next two years. It is the most policy-sensitive point on the yield curve.
Why FX traders watch it
The 2-year yield is the primary market tool for pricing central bank expectations. Rising 2-year yields indicate markets expect the People's Bank of China to keep rates high or hike, supporting the cny via interest rate differentials.
How to interpret the data
Yields moving higher are cny-positive through the interest rate differential channel. The 2y-10y spread is a widely tracked recession indicator: an inverted curve (2y > 10y) historically precedes economic slowdowns.
Historical 2年物国債利回り (CNY)
Source: NBS/PBoC
· Daily
· %
Chart data not available. Access the full historical series via the API endpoint above.
Optional upper bound. Defaults to the current date.
api_key
CONDITIONAL
string
Required for non-USD announcement requests. USD announcement requests are public without an API key.
Example Usage
To retrieve 2年物国債利回り data for CNY from 2023:
GET https://fxmacrodata.com/api/v1/announcements/cny/gov_bond_2y?start_date=2023-01-01&end_date=2023-12-31&api_key=YOUR_API_KEY
Frequently Asked Questions
How often is China 2-Year Government Bond Yield updated?
2-Year Government Bond Yield for China is released on a daily schedule by People's Bank of China (or the relevant national statistics agency). FXMacroData ingests each new value within seconds of the official publication and exposes the exact announcement timestamp on every record.
What unit is 2-Year Government Bond Yield reported in?
The series is published in %. The exact unit is also returned on every API response under the indicator metadata.
Where does FXMacroData source China 2-Year Government Bond Yield data?
Data is fetched directly from People's Bank of China or the official national statistics publication for China. The source URL is preserved on every announcement record so downstream consumers can trace the value back to its primary release.
How do I query 2-Year Government Bond Yield for China via the API?
Issue a GET request to /api/v1/announcements/cny/gov_bond_2y?api_key=YOUR_API_KEY. The response contains a chronological list of observations with values, release dates, and announcement timestamps. USD announcement data is public; other currencies require a Professional API key.