Canada AAA–AA Corporate Bond Yields (CAD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/cad-corporate-aaa-aa-canada
Canada AAA–AA Corporate Bond Yields (CAD) as of 2026-07-27: 10Y at 4.49%, fitted curve 1M–40Y (2.16%–4.85%), 130 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 2.16% | — |
| 3M | 2.25% | 2.30% |
| 6M | 2.41% | 2.57% |
| 9M | 2.57% | 2.88% |
| 12M | 2.70% | 3.11% |
| 18M | 2.90% | 3.30% |
| 2Y | 3.06% | 3.52% |
| 3Y | 3.33% | 3.87% |
| 4Y | 3.57% | 4.32% |
| 5Y | 3.79% | 4.67% |
| 6Y | 3.98% | 4.94% |
| 7Y | 4.15% | 5.13% |
| 8Y | 4.28% | 5.25% |
| 9Y | 4.40% | 5.30% |
| 10Y | 4.49% | 5.32% |
| 15Y | 4.74% | 5.24% |
| 20Y | 4.82% | 5.05% |
| 25Y | 4.84% | 4.93% |
| 30Y | 4.84% | 4.88% |
| 40Y | 4.85% | 4.85% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.06% and the 10-year 4.49%, a 10Y−2Y spread of +143 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 | 3.06% | 2.89% | 3.11% | 2.94% | 3.12% | 2.74% | 2.72% |
| 10Y | 4.49% | 4.00% | 4.30% | 4.11% | 4.40% | 4.00% | 3.91% |
| 10Y − 2Y | +143 bp | +111 bp | +119 bp | +117 bp | +129 bp | +126 bp | +119 bp |
Bonds in this curve
A selection of 30 of the 446 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 |
| Bank of Montreal | 3.67% | 2029-07-17 | 4.42% | CA06368L5G77 |
| Royal Bank of Canada | 3.75% | 2030-06-24 | 5.23% | CA780086ZH08 |
| Bank of Nova Scotia | 3.77% | 2030-09-26 | 3.84% | CA06418MM430 |
| Cppib Capital INC | 3.40% | 2031-06-02 | 3.20% | CA12593CBC43 |
| National Bank of Canada | 4.69% | 2031-07-15 | 4.55% | US63305TLV60 |
| PSP Capital INC | 3.58% | 2032-03-01 | 2.60% | CAC75089AA76 |
| British Columbia Investment Management | 3.75% | 2033-06-02 | 4.90% | CA110610AA09 |
| Royal Bank of Canada | 4.61% | 2034-04-03 | 5.10% | CA7800863G73 |
| British Columbia Investment Management | 4.00% | 2035-06-02 | 4.00% | CA110610AD48 |
| National Bank of Canada | 5.59% | 2036-07-07 | 5.35% | US63305TMW35 |
| 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 |
| PSP Capital INC | 4.81% | 2055-12-01 | 4.25% | CAC75089AD16 |
| Hydro-Quebec | 4.85% | 2065-02-15 | 4.00% | CA448814BQ57 |