China’s Ministry of Finance auctioned 10-year government bonds at a yield of 1.7116%, reflecting the People’s Bank of China’s strategy to keep borrowing costs low for economic support.
As of mid-June 2026, the yield on China's benchmark 10-year sovereign debt hovered around 1.73%. The increase in sovereign bond issuance shows that the Ministry of Finance plans over 500 billion yuan, equivalent to $69 billion, in future auctions, focusing on ultra-long maturities for infrastructure projects.
China can borrow for 30 years at approximately 2.2%, incentivizing sustained borrowing to fund developmental needs. However, the bond auction has not elicited notable reactions in cryptocurrency markets, likely due to continued restrictions on crypto trading in China.