Canadian AAA–AA Banks Corporate Bond Yields (CAD)
Fitted spot curve as of 2026-09-11
https://bondscovery.com/yield-curve/cad-corporate-aaa-aa-banks
Canadian AAA–AA Banks Corporate Bond Yields (CAD) as of 2026-09-11: 10Y at 4.69%, fitted curve 1M–15Y (2.33%–5.00%), 73 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 2.33% | — |
| 3M | 2.44% | 2.50% |
| 6M | 2.63% | 2.85% |
| 9M | 2.82% | 3.43% |
| 12M | 3.01% | 3.43% |
| 18M | 3.38% | 4.18% |
| 2Y | 3.71% | 4.79% |
| 3Y | 4.18% | 5.26% |
| 4Y | 4.43% | 5.34% |
| 9Y | 4.66% | 4.94% |
| 10Y | 4.69% | 5.12% |
| 15Y | 5.00% | 6.01% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.71% and the 10-year 4.69%, a 10Y−2Y spread of +98 bp — positively sloped — as of 2026-09-11. 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 | Latest2026-09-11 | 1m ago2026-08-12 | 2m ago2026-07-13 | 3m ago2026-06-12 | 4m ago2026-05-14 | 5m ago2026-04-14 | 6m ago2026-03-16 |
|---|---|---|---|---|---|---|---|
| 2Y | 3.71% | 3.82% | 3.31% | 3.26% | 3.45% | 3.43% | 3.20% |
| 10Y | 4.69% | 5.63% | 5.15% | — | — | 4.58% | — |
| 10Y − 2Y | +98 bp | +181 bp | +184 bp | — | — | +115 bp | — |
Bonds in this curve
A selection of 30 of the 371 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| BMO Financial Group | 2.48% | 2026-10-19 | 0.00% | CA13635PXL98 |
| Lbbw | 5.49% | 2026-10-21 | 1.00% | DE000LB2BHS4 |
| Royal Bank of Canada | 4.19% | 2026-11-02 | 5.24% | CA780086VV38 |
| Bank of Nova Scotia | 2.41% | 2026-11-20 | 0.00% | CA064162YM65 |
| Bank of Montreal | 2.38% | 2026-12-01 | 0.00% | CA063667ZA03 |
| Manulife Bank of Canada | 2.51% | 2026-12-22 | 0.00% | CA564912ZP14 |
| Bank of Montreal | 2.61% | 2027-03-08 | 0.00% | CA063667C801 |
| Toronto-Dominion Bank | 2.60% | 2027-03-09 | 0.00% | CA891163C965 |
| Manulife Bank of Canada | 2.64% | 2027-03-11 | 0.00% | CA564912CC57 |
| Bank of Nova Scotia | 2.64% | 2027-04-28 | 0.00% | CA064162DV93 |
| Toronto-Dominion Bank | 3.55% | 2027-06-01 | 4.21% | CA89117F7G86 |
| Royal Bank of Canada | 3.57% | 2027-07-26 | 4.61% | CA780086VK72 |
| Manulife Bank of Canada | 2.98% | 2027-08-19 | 0.00% | CA564912HL02 |
| Canadian Imperial Bank of Commerce | 2.99% | 2027-09-01 | 0.00% | CA136060JA91 |
| Toronto-Dominion Bank | 2.95% | 2027-09-07 | 0.00% | CA891163J739 |
| Toronto-Dominion Bank | 3.49% | 2028-01-18 | 4.48% | CA89117GTQ06 |
| Bank of Montreal | 3.52% | 2028-03-01 | 3.19% | CA06368BTX69 |
| Royal Bank of Canada | 3.95% | 2028-05-01 | 4.63% | CA780086XL38 |
| Royal Bank of Canada | 3.66% | 2028-12-10 | 3.63% | CA779926FY56 |
| Toronto-Dominion Bank | 3.95% | 2029-01-08 | 4.68% | CA89117GRJ80 |
| Bank of Nova Scotia | 3.95% | 2029-02-01 | 4.68% | CA064164QM14 |
| Bank of Montreal | 4.02% | 2029-07-17 | 4.42% | CA06368L5G77 |
| Royal Bank of Canada | 4.12% | 2030-06-24 | 5.23% | CA780086ZH08 |
| Bank of Nova Scotia | 4.51% | 2035-10-30 | 4.20% | CA06419FFA18 |
| Bank of Nova Scotia | 4.54% | 2035-11-12 | 4.15% | CA06419FFT09 |
| Bank of Nova Scotia | 4.59% | 2035-12-05 | 4.30% | CA06419FGW29 |
| Bank of Nova Scotia | 4.79% | 2036-04-30 | 4.55% | CA06419FRX82 |
| Bank of Nova Scotia | 4.99% | 2039-02-15 | 5.02% | CA0641644E35 |
| Bank of Nova Scotia | 4.90% | 2039-09-25 | 4.05% | CA06418MH315 |
| Royal Bank of Canada | 4.90% | 2039-11-04 | 4.50% | CA779926EC46 |