Canadian AAA–AA Callable Corporate Bond Yields (CAD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/cad-corporate-aaa-aa-callable
Canadian AAA–AA Callable Corporate Bond Yields (CAD) as of 2026-07-27: 10Y at 5.12%, fitted curve 3M–30Y (2.34%–5.72%), 50 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 3M | 2.34% | — |
| 9M | 2.98% | 3.31% |
| 18M | 3.50% | 4.03% |
| 2Y | 3.69% | 4.26% |
| 3Y | 4.01% | 4.66% |
| 4Y | 4.29% | 5.12% |
| 5Y | 4.52% | 5.45% |
| 6Y | 4.71% | 5.64% |
| 7Y | 4.85% | 5.74% |
| 8Y | 4.97% | 5.76% |
| 10Y | 5.12% | 5.72% |
| 20Y | 5.29% | 5.47% |
| 25Y | 5.41% | 5.86% |
| 30Y | 5.72% | 7.28% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.69% and the 10-year 5.12%, a 10Y−2Y spread of +142 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 ago2026-06-24 | 2m ago2026-05-13 | 3m ago2026-05-01 |
|---|---|---|---|---|
| 2Y | 3.69% | — | 3.21% | 3.10% |
| 10Y | 5.12% | 4.03% | 4.16% | 4.02% |
| 10Y − 2Y | +142 bp | — | +95 bp | +92 bp |
Bonds in this curve
A selection of 30 of the 66 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| CDP Financial INC | 2.39% | 2026-10-19 | 1.50% | CAC23264AM38 |
| Omers Finance Trust | 2.65% | 2027-04-21 | 1.55% | CAC68012AD21 |
| Toronto-Dominion Bank | 3.27% | 2027-06-01 | 4.21% | CA89117F7G86 |
| Toronto-Dominion Bank | 3.39% | 2028-01-18 | 4.48% | CA89117GTQ06 |
| CDP Financial INC | 2.88% | 2028-03-08 | 3.70% | CAC23264AT80 |
| National Bank of Canada | 4.96% | 2028-07-08 | 4.50% | US63305TMD53 |
| Toronto-Dominion Bank | 3.57% | 2029-01-08 | 4.68% | CA89117GRJ80 |
| Metropolitan Life Global Funding I | 3.42% | 2029-01-12 | 2.45% | CA592179KB08 |
| Bank of Nova Scotia | 3.57% | 2029-02-01 | 4.68% | CA064164QM14 |
| National Bank of Canada | 4.82% | 2029-07-08 | 4.80% | US63305TLK06 |
| Bank of Montreal | 3.67% | 2029-07-17 | 4.42% | CA06368L5G77 |
| Bank of Nova Scotia | 3.77% | 2030-09-26 | 3.84% | CA06418MM430 |
| Cppib Capital INC | 3.42% | 2030-12-02 | 3.35% | CA12593CBA86 |
| Canadian Imperial Bank of Commerce | 3.79% | 2030-12-10 | 3.80% | CA13607LF997 |
| National Bank of Canada | 4.69% | 2031-07-15 | 4.55% | US63305TLV60 |
| National Bank of Canada | 5.17% | 2031-07-14 | 5.00% | US63305TPE00 |
| National Bank of Canada | 5.28% | 2031-07-24 | 5.20% | US63305TPF74 |
| Ontario Teachers Finance Trust | 3.66% | 2032-06-02 | 4.45% | CAC69798AV50 |
| Cppib Capital INC | 3.63% | 2033-06-02 | 4.75% | CA12593CAW16 |
| Royal Bank of Canada | 4.61% | 2034-04-03 | 5.10% | CA7800863G73 |
| CDP Financial INC | 3.75% | 2034-06-02 | 3.65% | CAC23264AY75 |
| National Bank of Canada | 5.62% | 2036-07-08 | 5.50% | US63305TMH67 |
| National Bank of Canada | 5.59% | 2036-07-07 | 5.35% | US63305TMW35 |
| National Bank of Canada | 5.71% | 2036-07-16 | 5.55% | US63305TMX18 |
| Labrador Island Link Funding | 4.61% | 2045-12-01 | 3.86% | CA505443AB77 |
| National Bank of Canada | 6.00% | 2046-07-15 | 6.00% | US63305TMN36 |
| Muskrat Falls/Labrador Transmission | 4.65% | 2048-12-01 | 3.86% | CA628153AC27 |
| Labrador Island Link Funding | 4.76% | 2053-12-01 | 3.85% | CA505443AC50 |
| National Bank of Canada | 6.25% | 2056-07-08 | 6.25% | US63305TLL88 |
| National Bank of Canada | 6.00% | 2056-07-15 | 6.00% | US63305TLW44 |