Canadian AAA–AA Corporate Bond Yields (CAD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/cad-corporate-aaa-aa
Canadian AAA–AA Corporate Bond Yields (CAD) as of 2026-07-27: 10Y at 4.61%, fitted curve 1M–40Y (2.44%–4.87%), 157 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 2.44% | — |
| 3M | 2.53% | 2.57% |
| 6M | 2.67% | 2.82% |
| 9M | 2.83% | 3.14% |
| 12M | 2.96% | 3.37% |
| 18M | 3.16% | 3.56% |
| 2Y | 3.32% | 3.80% |
| 3Y | 3.60% | 4.16% |
| 4Y | 3.84% | 4.57% |
| 5Y | 4.04% | 4.86% |
| 6Y | 4.21% | 5.05% |
| 7Y | 4.35% | 5.16% |
| 8Y | 4.45% | 5.21% |
| 9Y | 4.54% | 5.22% |
| 10Y | 4.61% | 5.21% |
| 15Y | 4.79% | 5.15% |
| 20Y | 4.85% | 5.03% |
| 25Y | 4.87% | 4.94% |
| 30Y | 4.87% | 4.89% |
| 40Y | 4.87% | 4.88% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.32% and the 10-year 4.61%, a 10Y−2Y spread of +129 bp — positively sloped — as of 2026-07-27. 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 | Latest2026-07-27 | 1m ago2026-06-26 | 2m ago2026-05-28 | 3m ago2026-04-28 | 4m ago2026-03-30 | 5m ago2026-02-27 | 6m ago2026-01-28 |
|---|---|---|---|---|---|---|---|
| 2Y | 3.32% | 2.86% | 3.11% | 2.96% | 3.11% | 2.79% | 2.73% |
| 10Y | 4.61% | 4.13% | 4.31% | 4.15% | 4.38% | 4.09% | 3.90% |
| 10Y − 2Y | +129 bp | +127 bp | +120 bp | +119 bp | +127 bp | +130 bp | +117 bp |
Bonds in this curve
A selection of 30 of the 513 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Federation des Caisses Desjardins du Quebec | 2.18% | 2026-08-14 | 0.00% | CA31428BVF89 |
| Manitoba Hydro-Electric Board | 2.26% | 2026-08-18 | 0.00% | CA563454VK01 |
| Canadian Imperial Bank of Commerce | 2.35% | 2026-10-06 | 0.00% | CA136060X626 |
| Royal Bank of Canada | 3.37% | 2026-11-02 | 5.24% | CA780086VV38 |
| Canadian Imperial Bank of Commerce | 2.87% | 2027-01-07 | 2.25% | CA13607HC349 |
| Bank of Nova Scotia | 2.55% | 2027-01-25 | 0.00% | CA064162AS91 |
| Bank of Montreal | 3.09% | 2027-04-01 | 3.65% | CA06368DW260 |
| Toronto-Dominion Bank | 3.27% | 2027-06-01 | 4.21% | CA89117F7G86 |
| Royal Bank of Canada | 3.31% | 2027-07-26 | 4.61% | CA780086VK72 |
| Ontario Teachers Finance Trust | 2.79% | 2027-10-19 | 1.10% | CA68329AAF53 |
| Toronto-Dominion Bank | 3.39% | 2028-01-18 | 4.48% | CA89117GTQ06 |
| Bank of Montreal | 3.21% | 2028-03-01 | 3.19% | CA06368BTX69 |
| Royal Bank of Canada | 3.60% | 2028-05-01 | 4.63% | CA780086XL38 |
| Clarica Life Insurance CO. | 3.65% | 2028-05-15 | 6.30% | CA627912AB48 |
| Bank of Nova Scotia | 3.57% | 2029-02-01 | 4.68% | CA064164QM14 |
| Amazon.COM INC | 3.54% | 2029-06-12 | 3.40% | CA023135DU78 |
| Royal Bank of Canada | 3.75% | 2030-06-24 | 5.23% | CA780086ZH08 |
| Bank of Nova Scotia | 3.77% | 2030-09-26 | 3.84% | CA06418MM430 |
| Alphabet INC | 3.73% | 2031-05-15 | 3.65% | CA02079WAG65 |
| Amazon.COM INC | 3.90% | 2031-06-12 | 3.70% | CA023135DV51 |
| PSP Capital INC | 3.58% | 2032-03-01 | 2.60% | CAC75089AA76 |
| Alphabet INC | 4.02% | 2033-05-15 | 4.00% | CA02079WAA95 |
| Royal Bank of Canada | 4.61% | 2034-04-03 | 5.10% | CA7800863G73 |
| British Columbia Investment Management | 4.00% | 2035-06-02 | 4.00% | CA110610AD48 |
| Alphabet INC | 4.54% | 2036-05-15 | 4.35% | CA02079WAC51 |
| Royal Bank of Canada | 4.80% | 2039-08-30 | 4.30% | CA779926AV62 |
| National Bank of Canada | 6.00% | 2046-07-15 | 6.00% | US63305TMN36 |
| Hydro-Quebec | 4.87% | 2050-02-15 | 5.00% | CA448814JA24 |
| Alphabet INC | 5.21% | 2056-05-15 | 5.00% | CA02079WAE18 |
| Hydro-Quebec | 4.85% | 2065-02-15 | 4.00% | CA448814BQ57 |