Canada Corporate Bond Yields (CAD)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/cad-corporate-canada
Canada Corporate Bond Yields (CAD) as of 2026-09-10: 10Y at 4.78%, fitted curve 1M–40Y (2.46%–5.35%), 359 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 2.46% | — |
| 3M | 2.53% | 2.56% |
| 6M | 2.62% | 2.76% |
| 9M | 2.72% | 3.04% |
| 12M | 2.82% | 3.04% |
| 18M | 3.01% | 3.43% |
| 2Y | 3.20% | 3.80% |
| 3Y | 3.53% | 4.27% |
| 4Y | 3.79% | 4.72% |
| 5Y | 4.01% | 5.05% |
| 6Y | 4.20% | 5.35% |
| 7Y | 4.37% | 5.66% |
| 8Y | 4.52% | 5.92% |
| 9Y | 4.66% | 6.15% |
| 10Y | 4.78% | 6.37% |
| 15Y | 5.22% | 6.69% |
| 20Y | 5.35% | 6.16% |
| 25Y | 5.35% | 5.36% |
| 30Y | 5.12% | 2.41% |
| 40Y | 4.90% | 3.39% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.20% and the 10-year 4.78%, a 10Y−2Y spread of +159 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 | 3.20% | 3.75% | 3.04% | 3.46% | 3.21% | 3.09% | 2.88% |
| 10Y | 4.78% | 5.28% | 4.47% | 4.61% | 4.43% | 4.41% | 4.28% |
| 10Y − 2Y | +159 bp | +153 bp | +143 bp | +115 bp | +122 bp | +132 bp | +140 bp |
Yields by rating group
The same curve split by credit quality: 571 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 2.73%, A+ to BBB- 2.57%, Speculative 6.50%.
Bonds in this curve
A selection of 30 of the 1169 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Manitoba Hydro-Electric Board | 2.33% | 2026-09-29 | 0.00% | CA563454WW30 |
| Royal Bank of Canada | 4.07% | 2026-11-02 | 5.24% | CA780086VV38 |
| Royal Bank of Canada | 2.48% | 2026-11-12 | 0.00% | CA780083YD71 |
| Ontario Power Generation INC | 2.55% | 2026-11-18 | 0.00% | CA68322AYK55 |
| National Bank of Canada | 2.81% | 2027-02-08 | 4.27% | CA136765BZ64 |
| Manulife Bank of Canada | 2.72% | 2027-02-24 | 0.00% | CA564912BR36 |
| Toronto-Dominion Bank | 3.52% | 2027-06-01 | 4.21% | CA89117F7G86 |
| Royal Bank of Canada | 3.53% | 2027-07-26 | 4.61% | CA780086VK72 |
| BCI Quadreal Realty | 3.03% | 2027-07-31 | 4.16% | CA07337EAB44 |
| Loblaw Companies Limited | 3.80% | 2027-11-08 | 6.65% | CA53947ZAC10 |
| Bank of Montreal | 3.48% | 2028-03-01 | 3.19% | CA06368BTX69 |
| Royal Bank of Canada | 3.92% | 2028-05-01 | 4.63% | CA780086XL38 |
| National Bank of Canada | 3.77% | 2028-06-14 | 5.22% | CA63306AHP45 |
| Royal Bank of Canada | 3.64% | 2028-12-10 | 3.63% | CA779926FY56 |
| 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 |
| Royal Bank of Canada | 4.11% | 2030-06-24 | 5.23% | CA780086ZH08 |
| Bell Canada | 4.11% | 2031-03-17 | 3.00% | CA07813ZCG78 |
| Loblaw Companies Limited | 4.69% | 2032-03-01 | 6.85% | CA53947ZAS61 |
| Transcanada Pipelines Limited | 4.58% | 2032-05-12 | 5.33% | CA89353ZCK27 |
| Telus Corp | 4.85% | 2033-09-08 | 5.75% | CA87971MCC51 |
| Cppib Capital INC | 3.97% | 2034-06-02 | 4.30% | CA12593CAY71 |
| Metro INC | 5.01% | 2035-10-15 | 5.97% | CA59162ZAB81 |
| Hydro ONE INC | 5.21% | 2039-03-03 | 6.03% | CA44810ZAX83 |
| Power Corporation of Canada | 5.59% | 2039-04-22 | 8.57% | CA739239AC53 |
| Enbridge INC | 5.64% | 2045-09-29 | 4.55% | CA29251ZCX39 |
| Bell Canada | 5.98% | 2053-02-09 | 5.15% | CA07813ZCM47 |
| Bell Canada | 5.93% | 2056-06-03 | 5.30% | CA07816ZA274 |
| Hydro-Quebec | 4.98% | 2063-02-15 | 4.00% | CA448814JD62 |