Canada Investment Grade Banks Corporate Bond Yields (CAD)
Fitted spot curve as of 2026-10-26
https://bondscovery.com/yield-curve/cad-corporate-banks-canada
Canada Investment Grade Banks Corporate Bond Yields (CAD) as of 2026-10-26: 9Y at 4.83%, fitted curve 1M–15Y (2.46%–4.84%), 66 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 2.46% | — |
| 3M | 2.59% | 2.66% |
| 6M | 2.80% | 3.04% |
| 9M | 2.99% | 3.61% |
| 12M | 3.18% | 3.61% |
| 18M | 3.53% | 4.29% |
| 2Y | 3.82% | 4.81% |
| 3Y | 4.26% | 5.28% |
| 4Y | 4.53% | 5.48% |
| 8Y | 4.82% | 5.24% |
| 9Y | 4.83% | 5.00% |
| 15Y | 4.84% | 4.93% |
2Y, 10Y and the 10Y−2Y spread over time
Fitted 2Y and 10Y yields and their spread, sampled one build date per month. See all inverted curves today →
| Tenor | Latest2026-10-26 | 1m ago2026-09-25 | 2m ago2026-08-27 | 3m ago2026-07-28 | 4m ago2026-06-29 | 5m ago2026-05-29 | 6m ago2026-04-29 |
|---|---|---|---|---|---|---|---|
| 2Y | 3.82% | 3.87% | 3.99% | 4.13% | 3.60% | 3.55% | 3.35% |
| 10Y | — | 4.84% | 5.43% | 5.17% | 4.83% | 4.59% | — |
| 10Y − 2Y | — | +97 bp | +144 bp | +104 bp | +124 bp | +104 bp | — |
Yields by rating group
The same curve split by credit quality: 326 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 2.81%, A+ to BBB- 2.65%.
Bonds in this curve
A selection of 30 of the 326 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| National Bank of Canada | 2.30% | 2026-11-23 | 0.00% | CA633062YQ15 |
| Bank of Montreal | 2.61% | 2026-12-01 | 0.00% | CA063667ZA03 |
| Central 1 | 2.49% | 2026-12-18 | 0.00% | CA15472PZK07 |
| Cibc | 2.96% | 2027-01-07 | 2.25% | CA13607HC349 |
| Bank of Montreal | 2.60% | 2027-01-18 | 0.00% | CA063667AK59 |
| Central 1 | 2.59% | 2027-01-15 | 0.00% | CA15472PAG69 |
| Bank of Montreal | 3.18% | 2027-04-01 | 3.65% | CA06368DW260 |
| Bank of Montreal | 2.83% | 2027-04-16 | 0.00% | CA063667DH93 |
| Toronto-Dominion Bank | 2.98% | 2027-06-01 | 4.21% | CA89117F7G86 |
| RBC | 2.89% | 2027-07-26 | 4.61% | CA780086VK72 |
| Manulife Bank | 2.93% | 2027-07-19 | 0.00% | CA564912GL11 |
| National Bank of Canada | 3.19% | 2027-09-02 | 5.15% | CA136765BU77 |
| Manulife Bank | 3.23% | 2027-09-21 | 0.00% | CA564912JN40 |
| Manulife Bank | 3.23% | 2027-10-15 | 0.00% | CA564912KG79 |
| Toronto-Dominion Bank | 3.62% | 2028-01-18 | 4.48% | CA89117GTQ06 |
| Bank of Montreal | 3.32% | 2028-03-01 | 3.19% | CA06368BTX69 |
| RBC | 3.80% | 2028-05-01 | 4.63% | CA780086XL38 |
| National Bank of Canada | 3.75% | 2028-06-14 | 5.22% | CA63306AHP45 |
| RBC | 3.61% | 2028-12-10 | 3.63% | CA779926FY56 |
| Toronto-Dominion Bank | 3.92% | 2029-01-08 | 4.68% | CA89117GRJ80 |
| Bank of Montreal | 4.00% | 2029-07-17 | 4.42% | CA06368L5G77 |
| Scotiabank | 4.41% | 2029-09-25 | 3.65% | CA06418MH497 |
| RBC | 4.05% | 2030-06-24 | 5.23% | CA780086ZH08 |
| Scotiabank | 4.21% | 2031-01-16 | 3.70% | CA06419FKF40 |
| RBC | 4.94% | 2034-07-31 | 4.70% | CA779926AJ35 |
| RBC | 4.95% | 2034-10-23 | 4.35% | CA779926DQ41 |
| Scotiabank | 4.64% | 2035-10-30 | 4.20% | CA06419FFA18 |
| Scotiabank | 4.72% | 2035-12-23 | 4.50% | CA06419FJD11 |
| RBC | 5.03% | 2039-08-30 | 4.30% | CA779926AV62 |
| RBC | 5.07% | 2039-11-04 | 4.50% | CA779926EC46 |