Canada Corporate Bond Yields (CAD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/cad-corporate-canada
Canada Corporate Bond Yields (CAD) as of 2026-07-27: 10Y at 4.86%, fitted curve 1M–40Y (2.39%–5.13%), 372 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 2.39% | — |
| 3M | 2.50% | 2.56% |
| 6M | 2.67% | 2.83% |
| 9M | 2.83% | 3.15% |
| 12M | 2.99% | 3.46% |
| 18M | 3.28% | 3.88% |
| 2Y | 3.54% | 4.31% |
| 3Y | 3.94% | 4.74% |
| 4Y | 4.27% | 5.27% |
| 5Y | 4.50% | 5.42% |
| 6Y | 4.64% | 5.38% |
| 7Y | 4.73% | 5.27% |
| 8Y | 4.79% | 5.18% |
| 9Y | 4.83% | 5.13% |
| 10Y | 4.86% | 5.13% |
| 15Y | 5.02% | 5.34% |
| 20Y | 5.12% | 5.44% |
| 25Y | 5.13% | 5.18% |
| 30Y | 5.08% | 4.78% |
| 40Y | 4.65% | 3.39% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.54% and the 10-year 4.86%, a 10Y−2Y spread of +132 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 | 3.54% | 3.17% | 3.18% | 3.03% | 3.21% | 2.83% | 2.77% |
| 10Y | 4.86% | 4.60% | 4.49% | 4.36% | 4.51% | 4.33% | 3.94% |
| 10Y − 2Y | +132 bp | +143 bp | +132 bp | +133 bp | +129 bp | +150 bp | +117 bp |
Yields by rating group
The same curve split by credit quality: 726 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 2.74%, A+ to BBB- 2.79%, Speculative 2.92%.
Bonds in this curve
A selection of 30 of the 1193 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Federation des Caisses Desjardins du Quebec | 2.18% | 2026-08-14 | 0.00% | CA31428BVF89 |
| Clarity Trust | 2.40% | 2026-08-17 | 0.00% | CA18063XVJ94 |
| Canadian Imperial Bank of Commerce | 2.35% | 2026-10-06 | 0.00% | CA136060X626 |
| Royal Bank of Canada | 3.37% | 2026-11-02 | 5.24% | CA780086VV38 |
| Lakeshore Trust | 2.53% | 2026-12-18 | 0.00% | CA511907ZK66 |
| Canadian Imperial Bank of Commerce | 2.87% | 2027-01-07 | 2.25% | CA13607HC349 |
| Bank of Montreal | 3.09% | 2027-04-01 | 3.65% | CA06368DW260 |
| Toronto-Dominion Bank | 3.27% | 2027-06-01 | 4.21% | CA89117F7G86 |
| Royal Bank of Canada | 3.31% | 2027-07-26 | 4.61% | CA780086VK72 |
| BCI Quadreal Realty | 3.13% | 2027-07-31 | 4.16% | CA07337EAB44 |
| Loblaw Companies Limited | 3.36% | 2027-11-08 | 6.65% | CA53947ZAC10 |
| Toronto-Dominion Bank | 4.73% | 2028-01-13 | 3.91% | US89115KAK60 |
| Royal Bank of Canada | 3.60% | 2028-05-01 | 4.63% | CA780086XL38 |
| Clarica Life Insurance CO. | 3.65% | 2028-05-15 | 6.30% | CA627912AB48 |
| Bank of Nova Scotia | 3.57% | 2029-02-01 | 4.68% | CA064164QM14 |
| National Bank of Canada | 3.54% | 2029-02-01 | 5.02% | CA63306AHT66 |
| Royal Bank of Canada | 4.83% | 2030-04-17 | 4.40% | US78017DAT54 |
| Hydro ONE INC | 4.02% | 2030-06-03 | 7.35% | CA448810AC58 |
| Royal Bank of Canada | 5.01% | 2031-02-04 | 5.15% | US78017DAC20 |
| Bell Canada | 3.82% | 2031-03-17 | 3.00% | CA07813ZCG78 |
| Loblaw Companies Limited | 4.30% | 2032-03-01 | 6.85% | CA53947ZAS61 |
| Loblaw Companies Limited | 4.45% | 2033-02-17 | 6.54% | CA53947ZAT45 |
| Hydro ONE INC | 4.31% | 2034-01-31 | 6.35% | CA44810ZAD20 |
| Metro INC | 4.62% | 2035-10-15 | 5.97% | CA59162ZAB81 |
| National Bank of Canada | 5.59% | 2036-07-07 | 5.35% | US63305TMW35 |
| Hydro ONE INC | 4.88% | 2039-03-03 | 6.03% | CA44810ZAX83 |
| Suncor Energy INC | 6.23% | 2047-11-15 | 4.00% | US867224AB33 |
| Bell Canada | 5.61% | 2053-02-09 | 5.15% | CA07813ZCM47 |
| Bell Canada | 5.65% | 2056-06-03 | 5.30% | CA07816ZA274 |
| Hydro-Quebec | 4.85% | 2065-02-15 | 4.00% | CA448814BQ57 |