National Bank of Canada Bond Yields (CAD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/cad-corporate-banks-canada-national-bank-of-canada
National Bank of Canada Bond Yields (CAD) as of 2026-07-27: 10Y at 5.68%, fitted curve 1M–30Y (2.30%–6.07%), 29 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 2.30% | — |
| 3M | 2.52% | 2.63% |
| 6M | 2.85% | 3.18% |
| 12M | 3.46% | 4.07% |
| 2Y | 4.38% | 5.30% |
| 3Y | 4.89% | 5.92% |
| 4Y | 5.14% | 5.88% |
| 5Y | 5.25% | 5.70% |
| 8Y | 5.40% | 5.66% |
| 10Y | 5.68% | 6.80% |
| 20Y | 6.07% | 6.45% |
| 30Y | 6.07% | 6.07% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.38% and the 10-year 5.68%, a 10Y−2Y spread of +131 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 ago2026-05-08 | 4m ago2026-03-26 | 5m ago2026-02-19 | 6m ago2026-02-05 |
|---|---|---|---|---|---|---|---|
| 2Y | 4.38% | 3.38% | 3.49% | 3.53% | 3.47% | 2.96% | 3.03% |
| 10Y | 5.68% | — | — | — | — | — | — |
| 10Y − 2Y | +131 bp | — | — | — | — | — | — |
Yields by rating group
The same curve split by credit quality: 45 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 5.14%, A+ to BBB- 2.57%.
Bonds in this curve
A selection of 30 of the 45 bonds behind this curve, spread across maturities. Greyed rows carry an older quote.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| National Bank of Canada | 2.28% | 2026-08-28 | 0.00% | CA633062VV37 |
| National Bank of Canada | 2.78% | 2026-12-07 | 4.97% | CA63306AHU30 |
| National Bank of Canada | 2.64% | 2027-02-08 | 4.27% | CA136765BZ64 |
| National Bank of Canada | 2.57% | 2027-04-13 | 0.00% | CA633062DE14 |
| National Bank of Canada | 3.03% | 2027-09-02 | 5.15% | CA136765BU77 |
| National Bank of Canada | 3.47% | 2028-06-14 | 5.22% | CA63306AHP45 |
| 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 | 3.54% | 2029-02-01 | 5.02% | CA63306AHT66 |
| 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 | 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 | 4.72% | 2034-02-15 | 5.28% | CA63309ZNM63 |
| 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% | 2046-07-15 | 6.00% | US63305TMN36 |
| 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 |