{
  "schema_version": 2,
  "slug": "china-yield-curve-10y-1y",
  "name": "China yield curve slope, 10-year minus 1-year",
  "question": "What is the slope of China's government yield curve?",
  "question_zh": "中国国债收益率曲线（10年减1年）的斜率是多少？",
  "measure": "10-year ChinaBond yield minus the 1-year yield, in basis points",
  "page_title": "What is the slope of China's government yield curve?",
  "description": "10-year ChinaBond yield minus the 1-year yield, in basis points. Latest value, history and source, published by China Central Depository & Clearing (ChinaBond).",
  "explainer": [
    "This is the 10-year ChinaBond government yield minus the 1-year yield on the same day, in basis points. Our collector computes it from the two published points.",
    "A positive number is a normal upward-sloping curve. A negative number is an inverted curve, which is the market pricing weaker growth or lower policy rates ahead.",
    "It is a derived series: the two legs are official ChinaBond valuations, the subtraction is ours."
  ],
  "how_measured": [
    "This is the 10-year ChinaBond government yield minus the 1-year yield on the same day, in basis points. Our collector computes it from the two published points.",
    "A positive number is a normal upward-sloping curve. A negative number is an inverted curve, which is the market pricing weaker growth or lower policy rates ahead.",
    "It is a derived series: the two legs are official ChinaBond valuations, the subtraction is ours."
  ],
  "unit": "bp",
  "unit_label": "basis points",
  "publisher": "China Central Depository & Clearing (ChinaBond)",
  "publisher_zh": "中央国债登记结算有限责任公司",
  "source_url": "https://yield.chinabond.com.cn/cbweb-mn/yield_main",
  "verify_url": "https://yield.chinabond.com.cn/cbweb-mn/yield_main",
  "creator": "China Snapshot Limited",
  "derived": true,
  "as_of": "2026-10-30T20:37:07+08:00",
  "history_start": "2026-09-30",
  "history_end": "2026-10-30",
  "temporal_coverage": "2026-09-30/2026-10-30",
  "latest": {
    "series": "CN Yield Curve Slope 10Y-1Y (derived)",
    "period": "2026-10-30",
    "value": 47.86,
    "unit": "bp",
    "decimals": 2,
    "change_on_prior": 2.02,
    "source": "China Central Depository & Clearing (ChinaBond)",
    "source_url": "https://yield.chinabond.com.cn/cbweb-mn/yield_main",
    "provenance": "China Central Depository & Clearing (CCDC) valuation curve",
    "as_of": "2026-10-30T18:32:24+08:00"
  },
  "next_release": {
    "known": false,
    "date": null,
    "label": null,
    "publisher": "China Central Depository & Clearing (ChinaBond)",
    "note": "This series has no advance public calendar. A new point appears with the next print."
  },
  "series": [
    {
      "name": "CN Yield Curve Slope 10Y-1Y (derived)",
      "unit": "bp",
      "decimals": 2,
      "points": [
        {
          "period": "2026-09-30",
          "value": 46.25
        },
        {
          "period": "2026-10-08",
          "value": 46.17
        },
        {
          "period": "2026-10-09",
          "value": 46.92
        },
        {
          "period": "2026-10-10",
          "value": 47.02
        },
        {
          "period": "2026-10-12",
          "value": 46.75
        },
        {
          "period": "2026-10-13",
          "value": 47.07
        },
        {
          "period": "2026-10-14",
          "value": 46.44
        },
        {
          "period": "2026-10-15",
          "value": 47.98
        },
        {
          "period": "2026-10-16",
          "value": 47.77
        },
        {
          "period": "2026-10-19",
          "value": 46.84
        },
        {
          "period": "2026-10-20",
          "value": 45.89
        },
        {
          "period": "2026-10-27",
          "value": 44.59
        },
        {
          "period": "2026-10-28",
          "value": 46.52
        },
        {
          "period": "2026-10-29",
          "value": 45.84
        },
        {
          "period": "2026-10-30",
          "value": 47.86
        }
      ]
    }
  ],
  "chart_series": [
    "CN Yield Curve Slope 10Y-1Y (derived)"
  ],
  "recent": [
    {
      "period": "2026-09-30",
      "value": 46.25
    },
    {
      "period": "2026-10-08",
      "value": 46.17
    },
    {
      "period": "2026-10-09",
      "value": 46.92
    },
    {
      "period": "2026-10-10",
      "value": 47.02
    },
    {
      "period": "2026-10-12",
      "value": 46.75
    },
    {
      "period": "2026-10-13",
      "value": 47.07
    },
    {
      "period": "2026-10-14",
      "value": 46.44
    },
    {
      "period": "2026-10-15",
      "value": 47.98
    },
    {
      "period": "2026-10-16",
      "value": 47.77
    },
    {
      "period": "2026-10-19",
      "value": 46.84
    },
    {
      "period": "2026-10-20",
      "value": 45.89
    },
    {
      "period": "2026-10-27",
      "value": 44.59
    },
    {
      "period": "2026-10-28",
      "value": 46.52
    },
    {
      "period": "2026-10-29",
      "value": 45.84
    },
    {
      "period": "2026-10-30",
      "value": 47.86
    }
  ],
  "related": [
    "china-10-year-yield",
    "china-1-year-yield",
    "china-30-year-yield",
    "china-govt-yields"
  ],
  "distribution": {
    "csv": "/data/indicators/china-yield-curve-10y-1y.csv",
    "json": "/api/indicators/china-yield-curve-10y-1y.json"
  },
  "data_range": {
    "min": 44.59,
    "max": 47.98,
    "count": 15
  },
  "faq": [
    {
      "question": "What is the slope of China's government yield curve?",
      "answer": "47.86 bp for 2026-10-30, published by China Central Depository & Clearing (ChinaBond) (中央国债登记结算有限责任公司). That is up 2.02 from the prior print. China Snapshot collected it on 2026-10-30."
    },
    {
      "question": "Where does the China yield curve slope, 10-year minus 1-year data come from?",
      "answer": "The series is published by China Central Depository & Clearing (ChinaBond) (中央国债登记结算有限责任公司) at https://yield.chinabond.com.cn/cbweb-mn/yield_main. China Snapshot collects it, keeps the history, and gives it away as a free CSV."
    },
    {
      "question": "How far back does the China yield curve slope, 10-year minus 1-year history go?",
      "answer": "This page holds 2026-09-30 to 2026-10-30 as a chart and a table, and the CSV download carries the full series. last updated 2026-10-30."
    }
  ]
}