Canada Investment Grade Corporate Bond Yields (CAD)
Fitted spot curve as of 2026-10-26
https://bondscovery.com/yield-curve/cad-corporate-canada
Canada Investment Grade Corporate Bond Yields (CAD) as of 2026-10-26: 10Y at 4.77%, fitted curve 1M–40Y (2.52%–5.22%), 332 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 2.52% | — |
| 3M | 2.62% | 2.67% |
| 6M | 2.77% | 2.97% |
| 9M | 2.92% | 3.40% |
| 12M | 3.07% | 3.40% |
| 18M | 3.35% | 3.95% |
| 2Y | 3.59% | 4.38% |
| 3Y | 3.96% | 4.80% |
| 4Y | 4.21% | 5.11% |
| 5Y | 4.39% | 5.26% |
| 6Y | 4.51% | 5.27% |
| 7Y | 4.59% | 5.24% |
| 8Y | 4.65% | 5.26% |
| 9Y | 4.71% | 5.35% |
| 10Y | 4.77% | 5.50% |
| 15Y | 5.06% | 6.04% |
| 20Y | 5.22% | 6.21% |
| 25Y | 5.18% | 4.84% |
| 30Y | 5.04% | 3.41% |
| 40Y | 4.92% | 4.10% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.59% and the 10-year 4.77%, a 10Y−2Y spread of +118 bp — positively sloped — as of 2026-10-26. 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 | Latest2026-10-26 | 1m ago2026-09-25 | 2m ago2026-08-27 | 3m ago2026-07-28 | 4m ago2026-06-29 | 5m ago2026-05-29 | 6m ago2026-04-29 |
|---|---|---|---|---|---|---|---|
| 2Y | 3.59% | 3.48% | 3.58% | 3.42% | 3.17% | 3.15% | 3.09% |
| 10Y | 4.77% | 4.83% | 5.08% | 4.86% | 4.60% | 4.54% | 4.41% |
| 10Y − 2Y | +118 bp | +135 bp | +150 bp | +145 bp | +142 bp | +140 bp | +131 bp |
Yields by rating group
The same curve split by credit quality: 1035 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 2.63%, A+ to BBB- 2.69%.
Bonds in this curve
A selection of 30 of the 1035 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Clarity Trust | 2.53% | 2026-11-13 | 0.00% | CA18063XYE70 |
| King Street Funding Trust | 2.58% | 2026-11-12 | 0.00% | CA495910YD75 |
| BAY Street Funding Trust | 2.57% | 2026-12-24 | 0.00% | CA072903ZR17 |
| King Street Funding Trust | 2.58% | 2026-12-29 | 0.00% | CA495910ZW48 |
| Bank of Montreal | 3.18% | 2027-04-01 | 3.65% | CA06368DW260 |
| Toronto-Dominion Bank | 2.98% | 2027-06-01 | 4.21% | CA89117F7G86 |
| First Capital Real Estate Investment Trust | 3.44% | 2027-07-12 | 3.75% | CA319415AB10 |
| RBC | 2.89% | 2027-07-26 | 4.61% | CA780086VK72 |
| Loblaw | 3.81% | 2027-11-08 | 6.65% | CA53947ZAC10 |
| Toronto-Dominion Bank | 3.62% | 2028-01-18 | 4.48% | CA89117GTQ06 |
| Bank of Montreal | 3.32% | 2028-03-01 | 3.19% | CA06368BTX69 |
| RBC | 3.80% | 2028-05-01 | 4.63% | CA780086XL38 |
| RBC | 3.61% | 2028-12-10 | 3.63% | CA779926FY56 |
| Toronto-Dominion Bank | 3.92% | 2029-01-08 | 4.68% | CA89117GRJ80 |
| Rogers | 4.02% | 2029-05-01 | 3.25% | CA775109BJ98 |
| Telus | 3.92% | 2029-05-02 | 3.30% | CA87971MBJ14 |
| Hydro ONE | 4.36% | 2030-06-03 | 7.35% | CA448810AC58 |
| RBC | 4.05% | 2030-06-24 | 5.23% | CA780086ZH08 |
| Enbridge | 4.11% | 2031-05-12 | 2.82% | CA29251ZCS44 |
| Loblaw | 4.61% | 2032-03-01 | 6.85% | CA53947ZAS61 |
| Transcanada | 4.42% | 2032-05-12 | 5.33% | CA89353ZCK27 |
| Telus | 4.77% | 2033-09-08 | 5.75% | CA87971MCC51 |
| CDP Financial | 4.04% | 2034-06-02 | 3.65% | CAC23264AY75 |
| Metro INC | 4.96% | 2035-10-15 | 5.97% | CA59162ZAB81 |
| Hydro ONE | 4.98% | 2039-03-03 | 6.03% | CA44810ZAX83 |
| Rogers | 5.47% | 2039-11-04 | 6.68% | CA775109AP67 |
| Enbridge | 5.50% | 2045-09-29 | 4.55% | CA29251ZCX39 |
| Bell Canada | 5.81% | 2053-02-09 | 5.15% | CA07813ZCM47 |
| Bell Canada | 5.82% | 2056-06-03 | 5.30% | CA07816ZA274 |
| Hydro-Quebec | 4.91% | 2065-02-15 | 4.00% | CA448814BQ57 |