Canadian Callable Corporate Bond Yields (CAD)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/cad-corporate-callable
Canadian Callable Corporate Bond Yields (CAD) as of 2026-09-10: 10Y at 5.04%, fitted curve 1M–30Y (2.32%–5.63%), 68 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 2.32% | — |
| 6M | 2.98% | 3.14% |
| 9M | 3.24% | 3.84% |
| 12M | 3.39% | 3.84% |
| 18M | 3.56% | 3.94% |
| 2Y | 3.68% | 4.10% |
| 3Y | 3.90% | 4.43% |
| 4Y | 4.11% | 4.87% |
| 5Y | 4.31% | 5.26% |
| 6Y | 4.49% | 5.61% |
| 7Y | 4.65% | 5.91% |
| 8Y | 4.80% | 6.15% |
| 9Y | 4.93% | 6.34% |
| 10Y | 5.04% | 6.48% |
| 15Y | 5.40% | 6.63% |
| 20Y | 5.55% | 6.51% |
| 25Y | 5.61% | 6.24% |
| 30Y | 5.63% | 6.03% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.68% and the 10-year 5.04%, a 10Y−2Y spread of +136 bp — positively sloped — as of 2026-09-10. 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 | Latest2026-09-10 | 1m ago2026-08-11 | 2m ago2026-07-13 | 3m ago2026-06-12 | 4m ago2026-05-13 | 5m ago2026-04-13 | 6m ago2026-03-13 |
|---|---|---|---|---|---|---|---|
| 2Y | 3.68% | 4.31% | 3.55% | 3.48% | 3.55% | 3.28% | 3.19% |
| 10Y | 5.04% | 5.12% | 4.82% | 4.64% | 4.73% | 4.72% | 4.69% |
| 10Y − 2Y | +136 bp | +82 bp | +127 bp | +116 bp | +119 bp | +143 bp | +149 bp |
Yields by rating group
The same curve split by credit quality: 72 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 3.57%, A+ to BBB- 4.63%, Speculative 6.50%.
Bonds in this curve
A selection of 30 of the 77 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| CDP Financial INC | 2.36% | 2026-10-19 | 1.50% | CA125094AW22 |
| CDP Financial INC | 2.41% | 2026-10-19 | 1.50% | CAC23264AM38 |
| National Bank of Canada | 2.81% | 2027-02-08 | 4.27% | CA136765BZ64 |
| Walt Disney Company/the | 3.17% | 2027-03-30 | 3.06% | CA254687FU53 |
| Toronto-Dominion Bank | 3.52% | 2027-06-01 | 4.21% | CA89117F7G86 |
| Mercedes-Benz | 3.60% | 2027-07-09 | 4.64% | CA58769CAD44 |
| Loblaw Companies Limited | 3.80% | 2027-11-08 | 6.65% | CA53947ZAC10 |
| Toronto-Dominion Bank | 3.40% | 2028-01-18 | 4.48% | CA89117GTQ06 |
| CDP Financial INC | 3.12% | 2028-03-08 | 3.70% | CAC23264AT80 |
| General Motors Company | 3.93% | 2028-07-14 | 5.10% | CA37045YAM62 |
| Toronto-Dominion Bank | 3.91% | 2029-01-08 | 4.68% | CA89117GRJ80 |
| Rogers Communications INC | 4.07% | 2029-05-01 | 3.25% | CA775109BJ98 |
| Telus Corp | 4.02% | 2029-05-02 | 3.30% | CA87971MBJ14 |
| Hydro ONE INC | 4.43% | 2030-06-03 | 7.35% | CA448810AC58 |
| Cppib Capital INC | 3.55% | 2030-12-02 | 3.35% | CA12593CBA86 |
| National Grid Electricity Transmission PLC | 4.20% | 2031-09-16 | 5.22% | CA636273AD65 |
| Loblaw Companies Limited | 4.69% | 2032-03-01 | 6.85% | CA53947ZAS61 |
| Hydro ONE INC | 4.46% | 2032-06-01 | 6.93% | CA44810ZAB63 |
| Loblaw Companies Limited | 4.89% | 2033-02-17 | 6.54% | CA53947ZAT45 |
| Telus Corp | 4.85% | 2033-09-08 | 5.75% | CA87971MCC51 |
| Hydro ONE INC | 4.61% | 2034-01-31 | 6.35% | CA44810ZAD20 |
| Electricite de France SA | 4.81% | 2034-05-17 | 5.38% | CA268317BC73 |
| CDP Financial INC | 3.98% | 2034-06-02 | 3.65% | CAC23264AY75 |
| Metro INC | 5.01% | 2035-10-15 | 5.97% | CA59162ZAB81 |
| Loblaw Companies Limited | 5.13% | 2036-01-18 | 5.90% | CA53947ZAY30 |
| Hydro ONE INC | 5.21% | 2039-03-03 | 6.03% | CA44810ZAX83 |
| Power Corporation of Canada | 5.59% | 2039-04-22 | 8.57% | CA739239AC53 |
| AT&T INC | 5.77% | 2048-11-25 | 5.10% | CA00206RGC03 |
| Canadian Utilities Limited | 5.37% | 2052-06-03 | 4.85% | CA136717BD69 |
| Electricite de France SA | 5.72% | 2055-02-06 | 5.23% | CA268317BH60 |