National Bank of Canada Bond Yields (CAD, Callable)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/cad-corporate-banks-canada-callable-national-bank-of-canada
National Bank of Canada Bond Yields (CAD, Callable) as of 2026-07-27: 10Y at 5.63%, fitted curve 6M–30Y (4.36%–6.01%), 23 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 6M | 4.36% | — |
| 2Y | 4.63% | 4.72% |
| 3Y | 4.80% | 5.14% |
| 4Y | 4.96% | 5.44% |
| 5Y | 5.10% | 5.69% |
| 10Y | 5.63% | 6.15% |
| 20Y | 5.96% | 6.29% |
| 30Y | 6.01% | 6.10% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.63% and the 10-year 5.63%, a 10Y−2Y spread of +100 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 |
|---|---|
| 2Y | 4.63% |
| 10Y | 5.63% |
| 10Y − 2Y | +100 bp |
Yields by rating group
The same curve split by credit quality: 27 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 5.14%, A+ to BBB- 2.64%.
Bonds in this curve
The 27 bonds behind this curve. Greyed rows carry an older quote.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| National Bank of Canada | 2.64% | 2027-02-08 | 4.27% | CA136765BZ64 |
| National Bank of Canada | 4.96% | 2028-07-08 | 4.50% | US63305TMD53 |
| National Bank of Canada | 4.55% | 2028-07-08 | 4.55% | US63305TMC70 |
| National Bank of Canada | 4.55% | 2028-07-16 | 4.50% | US63305TMT06 |
| National Bank of Canada | 4.65% | 2028-07-24 | 4.60% | US63305TPC44 |
| National Bank of Canada | 4.71% | 2028-07-24 | 4.55% | US63305TPD27 |
| National Bank of Canada | 4.82% | 2029-07-08 | 4.80% | US63305TLK06 |
| National Bank of Canada | 4.51% | 2029-07-15 | 4.40% | US63305TLU87 |
| National Bank of Canada | 4.85% | 2029-07-22 | 4.80% | US63305TNC61 |
| National Bank of Canada | 5.07% | 2030-07-15 | 5.00% | US63305TMM52 |
| National Bank of Canada | 5.00% | 2031-06-20 | 5.00% | US63305TKV79 |
| National Bank of Canada | 4.96% | 2031-06-27 | 4.85% | US63305TME37 |
| National Bank of Canada | 5.23% | 2031-07-08 | 5.00% | US63305TMF02 |
| National Bank of Canada | 4.69% | 2031-07-15 | 4.55% | US63305TLV60 |
| National Bank of Canada | 5.17% | 2031-07-14 | 5.00% | US63305TPE00 |
| National Bank of Canada | 5.10% | 2031-07-16 | 5.10% | US63305TMV51 |
| National Bank of Canada | 5.28% | 2031-07-24 | 5.20% | US63305TPF74 |
| National Bank of Canada | 5.62% | 2036-07-08 | 5.50% | US63305TMH67 |
| National Bank of Canada | 5.59% | 2036-07-07 | 5.35% | US63305TMW35 |
| National Bank of Canada | 5.71% | 2036-07-16 | 5.55% | US63305TMX18 |
| National Bank of Canada | 6.00% | 2046-06-24 | 6.00% | US63305TKC98 |
| National Bank of Canada | 6.10% | 2046-06-30 | 6.10% | US63305TLA24 |
| National Bank of Canada | 6.00% | 2046-07-15 | 6.00% | US63305TMN36 |
| National Bank of Canada | 5.73% | 2051-07-08 | 5.50% | US63305TMK96 |
| National Bank of Canada | 6.01% | 2056-06-12 | 6.00% | US63305TGM27 |
| National Bank of Canada | 6.25% | 2056-07-08 | 6.25% | US63305TLL88 |
| National Bank of Canada | 6.00% | 2056-07-15 | 6.00% | US63305TLW44 |