Canada AAA–AA Non-Callable Corporate Bond Yields (CAD)
Fitted spot curve as of 2026-09-11
https://bondscovery.com/yield-curve/cad-corporate-aaa-aa-canada-non-callable
Canada AAA–AA Non-Callable Corporate Bond Yields (CAD) as of 2026-09-11: 10Y at 4.55%, fitted curve 1M–40Y (3.22%–5.03%), 59 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 3.22% | — |
| 3M | 3.22% | 3.23% |
| 6M | 3.23% | 3.29% |
| 9M | 3.24% | 3.30% |
| 12M | 3.25% | 3.30% |
| 18M | 3.28% | 3.35% |
| 2Y | 3.31% | 3.43% |
| 3Y | 3.38% | 3.58% |
| 4Y | 3.49% | 3.86% |
| 5Y | 3.61% | 4.22% |
| 6Y | 3.76% | 4.64% |
| 7Y | 3.93% | 5.19% |
| 8Y | 4.14% | 5.97% |
| 9Y | 4.36% | 6.68% |
| 10Y | 4.55% | 6.93% |
| 15Y | 4.96% | 6.29% |
| 20Y | 5.02% | 5.40% |
| 25Y | 5.03% | 5.15% |
| 30Y | 5.03% | 5.10% |
| 40Y | 5.03% | 5.09% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.31% and the 10-year 4.55%, a 10Y−2Y spread of +124 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 | 3.31% | 3.06% | 2.92% | 2.90% | 3.03% | 3.05% | 2.87% |
| 10Y | 4.55% | 4.26% | 4.27% | — | 4.14% | 4.29% | — |
| 10Y − 2Y | +124 bp | +120 bp | +135 bp | — | +111 bp | +124 bp | — |
Bonds in this curve
A selection of 30 of the 105 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Royal Bank of Canada | 4.07% | 2026-11-02 | 5.24% | CA780086VV38 |
| Canadian Imperial Bank of Commerce | 2.55% | 2027-01-07 | 2.25% | CA13607HC349 |
| Bank of Montreal | 3.08% | 2027-04-01 | 3.65% | CA06368DW260 |
| Cppib Capital INC | 2.71% | 2027-06-01 | 2.85% | CA12593CAU59 |
| Royal Bank of Canada | 3.53% | 2027-07-26 | 4.61% | CA780086VK72 |
| Ontario Teachers Finance Trust | 2.40% | 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 |
| Cppib Capital INC | 3.16% | 2028-06-15 | 3.00% | CA12593CAF82 |
| Royal Bank of Canada | 3.64% | 2028-12-10 | 3.63% | CA779926FY56 |
| PSP Capital INC | 3.40% | 2029-06-15 | 3.75% | CA69363TAS11 |
| Ontario Teachers Finance Trust | 3.66% | 2029-11-01 | 4.15% | CAC69798AW34 |
| British Columbia Investment Management | 3.56% | 2030-06-02 | 3.40% | CA110610AC64 |
| Royal Bank of Canada | 4.11% | 2030-06-24 | 5.23% | CA780086ZH08 |
| Cppib Capital INC | 3.65% | 2031-06-02 | 3.20% | CA12593CBC43 |
| Hydro-Quebec | 3.73% | 2031-08-15 | 6.00% | CA448814GY37 |
| Cppib Capital INC | 3.78% | 2032-06-02 | 3.95% | CA12593ZAA80 |
| Hydro-Quebec | 3.85% | 2032-09-01 | 3.55% | CA44889ZFP68 |
| PSP Capital INC | 3.90% | 2033-06-01 | 4.15% | CAC75089AB59 |
| British Columbia Investment Management | 3.93% | 2033-06-02 | 4.90% | CA110610AA09 |
| Cppib Capital INC | 4.01% | 2034-06-02 | 4.30% | CA12593CAY71 |
| Ontario Teachers Finance Trust | 4.07% | 2034-06-02 | 4.30% | CAC69798AZ64 |
| British Columbia Investment Management | 4.17% | 2035-06-02 | 4.00% | CA110610AD48 |
| Cppib Capital INC | 4.14% | 2035-06-02 | 4.00% | CA12593CBB69 |
| Bank of Nova Scotia | 4.79% | 2036-04-30 | 4.55% | CA06419FRX82 |
| Bank of Nova Scotia | 4.90% | 2039-09-25 | 4.05% | CA06418MH315 |
| Hydro-Quebec | 4.81% | 2045-02-15 | 5.00% | CA448814HZ92 |
| Hydro-Quebec | 5.06% | 2050-02-15 | 5.00% | CA448814JA24 |
| Hydro-Quebec | 5.01% | 2060-02-15 | 2.10% | CA448814JC89 |
| Hydro-Quebec | 5.01% | 2063-02-15 | 4.00% | CA448814JD62 |