The 5-year government bond yield for China reflects the market's medium-term outlook for growth and inflation. It sits between the policy-sensitive 2-year and the long-run growth/inflation-dominated 10-year yield.
Why FX traders watch it
The 5-year yield is an important input for mortgage rate pricing in many economies and reflects the market's assessment of whether central bank policy will succeed in returning inflation to target.
How to interpret the data
A rising 5-year yield alongside a rising 2-year yield signals broad market confidence that policy tightening will be sustained—cny-positive. Flattening or inverting of the 5s-10s spread signals growth concerns.
Historical 5년 만기 국채 수익률 (CNY)
Source: NBS/PBoC
· Daily
· %
Chart data not available. Access the full historical series via the API endpoint above.