Canadian AAA–AA Non-Callable Corporate Bond Yields (CAD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/cad-corporate-aaa-aa-non-callable
Canadian AAA–AA Non-Callable Corporate Bond Yields (CAD) as of 2026-07-27: 10Y at 4.37%, fitted curve 1M–40Y (2.79%–4.81%), 74 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 2.79% | — |
| 3M | 2.82% | 2.83% |
| 6M | 2.86% | 2.90% |
| 9M | 2.90% | 2.98% |
| 12M | 2.94% | 3.06% |
| 18M | 3.02% | 3.20% |
| 2Y | 3.11% | 3.38% |
| 3Y | 3.29% | 3.65% |
| 4Y | 3.48% | 4.03% |
| 5Y | 3.66% | 4.38% |
| 6Y | 3.83% | 4.69% |
| 7Y | 3.99% | 4.95% |
| 8Y | 4.13% | 5.15% |
| 9Y | 4.26% | 5.29% |
| 10Y | 4.37% | 5.37% |
| 15Y | 4.71% | 5.38% |
| 20Y | 4.81% | 5.14% |
| 25Y | 4.81% | 4.79% |
| 30Y | 4.81% | 4.79% |
| 40Y | 4.81% | 4.82% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.11% and the 10-year 4.37%, a 10Y−2Y spread of +126 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 | 3.11% | 2.98% | 3.11% | 2.90% | 3.13% | 2.81% | 2.76% |
| 10Y | 4.37% | 4.25% | 4.28% | — | — | 4.03% | — |
| 10Y − 2Y | +126 bp | +127 bp | +117 bp | — | — | +122 bp | — |
Bonds in this curve
A selection of 30 of the 130 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Hydro-Quebec | 2.34% | 2026-08-15 | 1.00% | CA44885ZJR25 |
| 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 Montreal | 3.09% | 2027-04-01 | 3.65% | CA06368DW260 |
| Cppib Capital INC | 2.69% | 2027-06-01 | 2.85% | CA12593CAU59 |
| Royal Bank of Canada | 3.31% | 2027-07-26 | 4.61% | CA780086VK72 |
| Ontario Teachers Finance Trust | 2.79% | 2027-10-19 | 1.10% | CA68329AAF53 |
| Bank of Montreal | 3.21% | 2028-03-01 | 3.19% | CA06368BTX69 |
| Cppib Capital INC | 2.98% | 2028-03-08 | 3.25% | CA12593CAV33 |
| Royal Bank of Canada | 3.60% | 2028-05-01 | 4.63% | CA780086XL38 |
| Clarica Life Insurance CO. | 3.65% | 2028-05-15 | 6.30% | CA627912AB48 |
| Amazon.COM INC | 3.54% | 2029-06-12 | 3.40% | CA023135DU78 |
| Ontario Teachers Finance Trust | 3.30% | 2029-11-01 | 4.15% | CAC69798AW34 |
| Metropolitan Life Global Funding I | 3.75% | 2030-04-09 | 3.39% | CA592179JZ94 |
| Royal Bank of Canada | 3.75% | 2030-06-24 | 5.23% | CA780086ZH08 |
| Alphabet INC | 3.73% | 2031-05-15 | 3.65% | CA02079WAG65 |
| Amazon.COM INC | 3.90% | 2031-06-12 | 3.70% | CA023135DV51 |
| PSP Capital INC | 3.58% | 2032-03-01 | 2.60% | CAC75089AA76 |
| Cppib Capital INC | 3.60% | 2032-06-02 | 3.95% | CA12593ZAA80 |
| Alphabet INC | 4.02% | 2033-05-15 | 4.00% | CA02079WAA95 |
| Amazon.COM INC | 4.21% | 2033-06-12 | 4.00% | CA023135DW35 |
| Cppib Capital INC | 3.85% | 2034-06-02 | 4.30% | CA12593CAY71 |
| Royal Bank of Canada | 4.86% | 2034-09-10 | 4.60% | CA779926BN38 |
| British Columbia Investment Management | 4.00% | 2035-06-02 | 4.00% | CA110610AD48 |
| Alphabet INC | 4.54% | 2036-05-15 | 4.35% | CA02079WAC51 |
| Royal Bank of Canada | 4.80% | 2039-08-30 | 4.30% | CA779926AV62 |
| Hydro-Quebec | 4.79% | 2045-02-15 | 5.00% | CA448814HZ92 |
| Hydro-Quebec | 4.87% | 2050-02-15 | 5.00% | CA448814JA24 |
| Alphabet INC | 5.21% | 2056-05-15 | 5.00% | CA02079WAE18 |
| Hydro-Quebec | 4.85% | 2065-02-15 | 4.00% | CA448814BQ57 |