Canada AAA–AA Corporate Bond Yields (CAD)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/cad-corporate-aaa-aa-canada
Canada AAA–AA Corporate Bond Yields (CAD) as of 2026-09-10: 10Y at 4.45%, fitted curve 1M–40Y (2.39%–4.96%), 120 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 2.39% | — |
| 3M | 2.48% | 2.52% |
| 6M | 2.63% | 2.81% |
| 9M | 2.76% | 3.15% |
| 12M | 2.87% | 3.15% |
| 18M | 3.04% | 3.40% |
| 2Y | 3.17% | 3.63% |
| 3Y | 3.41% | 3.95% |
| 4Y | 3.61% | 4.29% |
| 5Y | 3.77% | 4.53% |
| 6Y | 3.91% | 4.76% |
| 7Y | 4.04% | 5.06% |
| 8Y | 4.18% | 5.43% |
| 9Y | 4.32% | 5.81% |
| 10Y | 4.45% | 6.06% |
| 15Y | 4.81% | 5.94% |
| 20Y | 4.91% | 5.53% |
| 25Y | 4.95% | 5.29% |
| 30Y | 4.96% | 5.15% |
| 40Y | 4.96% | 5.06% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.17% and the 10-year 4.45%, a 10Y−2Y spread of +128 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 | 3.17% | 3.02% | 2.89% | 2.85% | 2.92% | 2.96% | 2.77% |
| 10Y | 4.45% | 4.57% | 4.19% | 4.09% | 4.13% | 4.15% | 4.07% |
| 10Y − 2Y | +128 bp | +154 bp | +130 bp | +124 bp | +121 bp | +119 bp | +130 bp |
Bonds in this curve
A selection of 30 of the 410 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| TMX Group Limited | 2.33% | 2026-09-29 | 0.00% | CA87263SWW39 |
| 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 |
| Manulife Bank of Canada | 2.72% | 2027-02-24 | 0.00% | CA564912BR36 |
| Toronto-Dominion Bank | 2.58% | 2027-03-01 | 0.00% | CA891163CA37 |
| 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 |
| Ontario Teachers Finance Trust | 2.85% | 2027-10-19 | 1.10% | CA68329AAF53 |
| 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 Montreal | 3.99% | 2029-07-17 | 4.42% | CA06368L5G77 |
| Ontario Teachers Finance Trust | 3.66% | 2029-11-01 | 4.15% | CAC69798AW34 |
| British Columbia Investment Management | 3.54% | 2030-06-02 | 3.40% | CA110610AC64 |
| Royal Bank of Canada | 4.11% | 2030-06-24 | 5.23% | CA780086ZH08 |
| Hydro-Quebec | 3.69% | 2031-08-15 | 6.00% | CA448814GY37 |
| Cppib Capital INC | 3.73% | 2031-12-01 | 2.25% | CA12593CAS04 |
| Cppib Capital INC | 3.69% | 2032-06-02 | 3.95% | CA12593ZAA80 |
| British Columbia Investment Management | 3.87% | 2033-06-02 | 4.90% | CA110610AA09 |
| Cppib Capital INC | 3.97% | 2034-06-02 | 4.30% | CA12593CAY71 |
| British Columbia Investment Management | 4.13% | 2035-06-02 | 4.00% | CA110610AD48 |
| Bank of Nova Scotia | 4.79% | 2036-04-30 | 4.55% | CA06419FRX82 |
| Hydro-Quebec | 4.44% | 2040-02-15 | 6.00% | CA44889ZCN48 |
| Hydro-Quebec | 4.92% | 2045-02-15 | 5.00% | CA448814HZ92 |
| Hydro-Quebec | 5.02% | 2050-02-15 | 5.00% | CA448814JA24 |
| Hydro-Quebec | 5.03% | 2055-02-15 | 4.00% | CA4488148V86 |
| Hydro-Quebec | 4.98% | 2063-02-15 | 4.00% | CA448814JD62 |