Canadian Callable Corporate Bond Yields (CAD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/cad-corporate-callable
Canadian Callable Corporate Bond Yields (CAD) as of 2026-07-27: 10Y at 4.92%, fitted curve 3M–30Y (3.88%–6.01%), 115 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 3M | 3.88% | — |
| 6M | 3.91% | 3.94% |
| 9M | 3.94% | 4.00% |
| 12M | 3.97% | 4.06% |
| 18M | 4.03% | 4.15% |
| 2Y | 4.09% | 4.27% |
| 3Y | 4.20% | 4.44% |
| 4Y | 4.32% | 4.66% |
| 5Y | 4.43% | 4.88% |
| 6Y | 4.54% | 5.08% |
| 7Y | 4.64% | 5.26% |
| 8Y | 4.74% | 5.43% |
| 9Y | 4.83% | 5.58% |
| 10Y | 4.92% | 5.71% |
| 15Y | 5.28% | 5.99% |
| 20Y | 5.51% | 6.20% |
| 25Y | 5.68% | 6.39% |
| 30Y | 6.01% | 7.68% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.09% and the 10-year 4.92%, a 10Y−2Y spread of +83 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 | 4.09% | 3.38% | 3.54% | 3.25% | 3.56% | 2.96% | 3.04% |
| 10Y | 4.92% | 4.62% | 4.79% | 4.58% | 4.75% | 4.47% | 4.43% |
| 10Y − 2Y | +83 bp | +123 bp | +124 bp | +133 bp | +119 bp | +151 bp | +139 bp |
Yields by rating group
The same curve split by credit quality: 158 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 4.61%, A+ to BBB- 4.73%, Speculative 5.82%.
Bonds in this curve
A selection of 30 of the 163 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| CDP Financial INC | 2.39% | 2026-10-19 | 1.50% | CAC23264AM38 |
| National Bank of Canada | 2.64% | 2027-02-08 | 4.27% | CA136765BZ64 |
| Walt Disney Company/the | 3.70% | 2027-03-30 | 3.06% | CA254687FU53 |
| Toronto-Dominion Bank | 3.27% | 2027-06-01 | 4.21% | CA89117F7G86 |
| Mercedes-Benz | 3.43% | 2027-07-09 | 4.64% | CA58769CAD44 |
| Loblaw Companies Limited | 3.36% | 2027-11-08 | 6.65% | CA53947ZAC10 |
| Toronto-Dominion Bank | 4.73% | 2028-01-13 | 3.91% | US89115KAK60 |
| General Motors Company | 3.63% | 2028-07-14 | 5.10% | CA37045YAM62 |
| Toronto-Dominion Bank | 3.57% | 2029-01-08 | 4.68% | CA89117GRJ80 |
| Bank of Nova Scotia | 3.57% | 2029-02-01 | 4.68% | CA064164QM14 |
| Ford Motor Company | 4.35% | 2029-02-09 | 5.44% | CA34527ACT57 |
| General Motors Company | 4.00% | 2030-02-25 | 4.45% | CA37045YAN46 |
| Hydro ONE INC | 4.02% | 2030-06-03 | 7.35% | CA448810AC58 |
| Mondelez International INC | 4.11% | 2031-07-03 | 4.62% | CA609207BD62 |
| National Bank of Canada | 4.69% | 2031-07-15 | 4.55% | US63305TLV60 |
| Loblaw Companies Limited | 4.30% | 2032-03-01 | 6.85% | CA53947ZAS61 |
| Hydro ONE INC | 4.19% | 2032-06-01 | 6.93% | CA44810ZAB63 |
| Loblaw Companies Limited | 4.45% | 2033-02-17 | 6.54% | CA53947ZAT45 |
| Telus Corp | 4.49% | 2033-09-08 | 5.75% | CA87971MCC51 |
| Hydro ONE INC | 4.31% | 2034-01-31 | 6.35% | CA44810ZAD20 |
| Royal Bank of Canada | 4.61% | 2034-04-03 | 5.10% | CA7800863G73 |
| Metro INC | 4.62% | 2035-10-15 | 5.97% | CA59162ZAB81 |
| Loblaw Companies Limited | 4.72% | 2036-01-18 | 5.90% | CA53947ZAY30 |
| National Bank of Canada | 5.59% | 2036-07-07 | 5.35% | US63305TMW35 |
| National Bank of Canada | 5.71% | 2036-07-16 | 5.55% | US63305TMX18 |
| Hydro ONE INC | 4.88% | 2039-03-03 | 6.03% | CA44810ZAX83 |
| Power Corporation of Canada | 5.24% | 2039-04-22 | 8.57% | CA739239AC53 |
| National Bank of Canada | 6.00% | 2046-07-15 | 6.00% | US63305TMN36 |
| Canadian Utilities Limited | 5.26% | 2052-06-03 | 4.85% | CA136717BD69 |
| Electricite de France SA | 5.62% | 2054-05-17 | 5.78% | CA268317BD56 |