Canada AAA–AA Banks Corporate Bond Yields (CAD)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/cad-corporate-aaa-aa-banks-canada
Canada AAA–AA Banks Corporate Bond Yields (CAD) as of 2026-09-10: 10Y at 4.69%, fitted curve 1M–15Y (2.24%–5.01%), 59 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 2.24% | — |
| 3M | 2.39% | 2.46% |
| 6M | 2.61% | 2.86% |
| 9M | 2.82% | 3.48% |
| 12M | 3.02% | 3.48% |
| 18M | 3.39% | 4.19% |
| 2Y | 3.70% | 4.72% |
| 3Y | 4.14% | 5.14% |
| 4Y | 4.39% | 5.27% |
| 9Y | 4.66% | 4.98% |
| 10Y | 4.69% | 5.16% |
| 15Y | 5.01% | 6.04% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.70% and the 10-year 4.69%, a 10Y−2Y spread of +99 bp — positively sloped — as of 2026-09-10. 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 | Latest2026-09-10 | 1m ago2026-08-11 | 2m ago2026-07-13 | 3m ago2026-06-12 | 4m ago2026-05-13 | 5m ago2026-04-13 | 6m ago2026-03-13 |
|---|---|---|---|---|---|---|---|
| 2Y | 3.70% | 3.79% | 3.27% | 3.26% | 3.40% | 3.29% | 3.10% |
| 10Y | 4.69% | 5.28% | 5.07% | — | — | 4.54% | — |
| 10Y − 2Y | +99 bp | +149 bp | +180 bp | — | — | +126 bp | — |
Bonds in this curve
A selection of 30 of the 324 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Toronto-Dominion Bank | 2.44% | 2026-09-29 | 0.00% | CA891163WW37 |
| Toronto-Dominion Bank | 2.44% | 2026-10-21 | 0.00% | CA891163XN29 |
| Royal Bank of Canada | 4.07% | 2026-11-02 | 5.24% | CA780086VV38 |
| Royal Bank of Canada | 2.48% | 2026-11-12 | 0.00% | CA780083YD71 |
| Canadian Imperial Bank of Commerce | 2.40% | 2026-11-25 | 0.00% | CA136060YS35 |
| Canadian Imperial Bank of Commerce | 2.86% | 2027-01-07 | 2.25% | CA13607HC349 |
| Manulife Bank of Canada | 2.72% | 2027-02-24 | 0.00% | CA564912BR36 |
| Toronto-Dominion Bank | 2.58% | 2027-03-01 | 0.00% | CA891163CA37 |
| Bank of Nova Scotia | 2.63% | 2027-03-08 | 0.00% | CA064162C810 |
| Bank of Nova Scotia | 2.64% | 2027-04-28 | 0.00% | CA064162DV93 |
| Toronto-Dominion Bank | 3.52% | 2027-06-01 | 4.21% | CA89117F7G86 |
| Royal Bank of Canada | 3.53% | 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 |
| Bank of Nova Scotia | 2.98% | 2027-09-02 | 0.00% | CA064162J278 |
| Toronto-Dominion Bank | 3.40% | 2028-01-18 | 4.48% | CA89117GTQ06 |
| Bank of Montreal | 3.48% | 2028-03-01 | 3.19% | CA06368BTX69 |
| Royal Bank of Canada | 3.92% | 2028-05-01 | 4.63% | CA780086XL38 |
| Royal Bank of Canada | 3.64% | 2028-12-10 | 3.63% | CA779926FY56 |
| Toronto-Dominion Bank | 3.91% | 2029-01-08 | 4.68% | CA89117GRJ80 |
| Bank of Nova Scotia | 3.92% | 2029-02-01 | 4.68% | CA064164QM14 |
| Bank of Montreal | 3.99% | 2029-07-17 | 4.42% | CA06368L5G77 |
| Royal Bank of Canada | 4.11% | 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 | 4.65% | 2035-12-23 | 4.50% | CA06419FJD11 |
| Bank of Nova Scotia | 4.79% | 2036-04-30 | 4.55% | CA06419FRX82 |
| Bank of Nova Scotia | 4.98% | 2039-02-15 | 5.02% | CA0641644E35 |
| Royal Bank of Canada | 4.90% | 2039-11-04 | 4.50% | CA779926EC46 |
| Bank of Montreal | 6.75% | 2041-09-09 | 6.75% | CA06368MY408 |