Canada A–BBB Callable Banks Corporate Bond Yields (CAD)
Fitted spot curve as of 2026-07-31
https://bondscovery.com/yield-curve/cad-corporate-a-bbb-banks-canada-callable
Canada A–BBB Callable Banks Corporate Bond Yields (CAD) as of 2026-07-31: 10Y at 5.57%, fitted curve 6M–30Y (4.40%–6.19%), 30 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 6M | 4.40% | — |
| 12M | 4.47% | 4.55% |
| 18M | 4.55% | 4.69% |
| 2Y | 4.62% | 4.84% |
| 3Y | 4.76% | 5.05% |
| 4Y | 4.90% | 5.32% |
| 5Y | 5.03% | 5.57% |
| 7Y | 5.28% | 5.88% |
| 8Y | 5.38% | 6.14% |
| 9Y | 5.48% | 6.27% |
| 10Y | 5.57% | 6.38% |
| 30Y | 6.19% | 6.50% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.62% and the 10-year 5.57%, a 10Y−2Y spread of +95 bp — positively sloped — as of 2026-07-31. The chart and table below track how they have moved.
Fitted 2Y and 10Y yields and their spread, sampled one build date per month. See all inverted curves today →
| Tenor | Latest2026-07-31 |
|---|---|
| 2Y | 4.62% |
| 10Y | 5.57% |
| 10Y − 2Y | +95 bp |
Bonds in this curve
A selection of 30 of the 52 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| National Bank of Canada | 2.71% | 2027-02-08 | 4.27% | CA136765BZ64 |
| Toronto-Dominion Bank | 4.73% | 2027-10-28 | 4.00% | US89115JBV44 |
| Toronto-Dominion Bank | 4.34% | 2027-12-17 | 4.15% | US89115JCJ07 |
| Toronto-Dominion Bank | 4.76% | 2027-12-31 | 4.15% | US89115JCL52 |
| Toronto-Dominion Bank | 4.54% | 2028-01-13 | 3.91% | US89115KAK60 |
| Toronto-Dominion Bank | 4.75% | 2028-01-15 | 4.25% | US89115JCT88 |
| Toronto-Dominion Bank | 4.50% | 2028-08-18 | 4.35% | US89115JBN28 |
| Royal Bank of Canada | 4.76% | 2029-01-24 | 4.96% | US78017DAA63 |
| Toronto-Dominion Bank | 4.60% | 2029-04-09 | 4.15% | US89115JBX00 |
| Toronto-Dominion Bank | 5.26% | 2029-04-27 | 4.20% | US89115JCF84 |
| Bank of Montreal | 4.61% | 2029-06-15 | 4.50% | US06376LZU33 |
| Royal Bank of Canada | 4.22% | 2029-07-10 | 4.22% | US78017DAY40 |
| Royal Bank of Canada | 4.65% | 2029-08-06 | 4.50% | US78017DAK46 |
| Royal Bank of Canada | 4.75% | 2030-04-17 | 4.40% | US78017DAT54 |
| Toronto-Dominion Bank | 5.06% | 2030-06-18 | 5.00% | US89115JAT07 |
| Toronto-Dominion Bank | 4.98% | 2031-01-13 | 4.41% | US89115KAM27 |
| Royal Bank of Canada | 5.01% | 2031-02-04 | 5.15% | US78017DAC20 |
| Toronto-Dominion Bank | 4.90% | 2031-04-08 | 4.50% | US89115JBW27 |
| Toronto-Dominion Bank | 5.37% | 2031-04-28 | 4.50% | US89115JCB70 |
| Toronto-Dominion Bank | 5.21% | 2031-05-19 | 4.65% | US89115JBZ57 |
| Bank of Montreal | 5.00% | 2031-06-30 | 5.00% | US06376LZZ20 |
| Toronto-Dominion Bank | 5.01% | 2031-07-15 | 5.00% | US89115JCS06 |
| Bank of Montreal | 5.14% | 2031-07-22 | 5.00% | US06376LF921 |
| Bank of Montreal | 5.42% | 2033-06-15 | 5.10% | US06376LZS86 |
| Toronto-Dominion Bank | 5.09% | 2033-07-17 | 5.10% | US89115JCV35 |
| Bank of Montreal | 5.10% | 2034-07-14 | 5.00% | US06376LF681 |
| Toronto-Dominion Bank | 5.62% | 2035-06-30 | 5.35% | US89115JAY91 |
| Bank of Montreal | 5.38% | 2036-07-14 | 5.25% | US06376LF434 |
| National Bank of Canada | 6.07% | 2056-07-24 | 6.00% | US63305TNQ57 |
| National Bank of Canada | 6.25% | 2056-07-24 | 6.25% | US63305TND45 |