# Hong Kong Sovereign Bond Spread vs US Treasuries

Hong Kong Sovereign Bond Spread vs US Treasuries was −178.2 bps in October 2026, down 51.00 from September 2026 and down 19.00 from a year earlier.
Over the past ten years it has ranged from −268.6 bps (May 2025) to 65.00 bps (Nov 2022), averaging −95.16 bps.

- Source agency: Makrognosis (computed from agency-direct inputs)
- Makrognosis code: `HK.SOVSPREAD.M.NSA`
- Frequency: monthly
- Units: bps
- Coverage: 1996-01-01 to 2026-10-01 (370 observations)
- Page: https://makrognosis.robomacro.com/data/hong-kong/sovereign-bond-spread-vs-us-treasuries

## Recent data

| Period | Value |
|---|---:|
| October 2026 | −178.2 bps |
| September 2026 | −127.2 bps |
| August 2026 | −151.5 bps |
| July 2026 | −158.4 bps |
| June 2026 | −156.9 bps |
| May 2026 | −176.1 bps |
| April 2026 | −184.9 bps |
| March 2026 | −197.2 bps |
| February 2026 | −206.2 bps |
| January 2026 | −194.3 bps |
| December 2025 | −179.5 bps |
| November 2025 | −165.9 bps |
| October 2025 | −159.2 bps |
| September 2025 | −161.6 bps |
| August 2025 | −205.6 bps |
| July 2025 | −246.4 bps |
| June 2025 | −265.4 bps |
| May 2025 | −268.6 bps |
| April 2025 | −165.8 bps |
| March 2025 | −144.2 bps |
| February 2025 | −132.6 bps |
| January 2025 | −130.4 bps |
| December 2024 | −100.2 bps |
| November 2024 | −115.5 bps |

## API

```
curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/series/HK.SOVSPREAD.M.NSA"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/HK.SOVSPREAD.M.NSA",
                 headers={"X-API-Key": KEY})
obs = r.json()["observations"]
```