Canada Callable Corporate Bond Yields (CAD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/cad-corporate-canada-callable
Canada Callable Corporate Bond Yields (CAD) as of 2026-07-27: 10Y at 4.81%, fitted curve 3M–30Y (4.15%–5.49%), 96 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 3M | 4.15% | — |
| 6M | 4.17% | 4.19% |
| 9M | 4.19% | 4.23% |
| 18M | 4.25% | 4.31% |
| 2Y | 4.29% | 4.40% |
| 3Y | 4.36% | 4.51% |
| 4Y | 4.44% | 4.66% |
| 5Y | 4.51% | 4.79% |
| 6Y | 4.58% | 4.92% |
| 7Y | 4.64% | 5.03% |
| 8Y | 4.70% | 5.13% |
| 9Y | 4.76% | 5.21% |
| 10Y | 4.81% | 5.28% |
| 15Y | 5.00% | 5.38% |
| 20Y | 5.11% | 5.43% |
| 25Y | 5.25% | 5.84% |
| 30Y | 5.49% | 6.70% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.29% and the 10-year 4.81%, a 10Y−2Y spread of +52 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 | 4.29% | 3.38% | 3.52% | 3.28% | 3.73% | 2.97% | 2.96% |
| 10Y | 4.81% | 4.63% | 4.79% | 4.54% | 4.82% | 4.47% | 4.42% |
| 10Y − 2Y | +52 bp | +125 bp | +126 bp | +126 bp | +109 bp | +150 bp | +146 bp |
Yields by rating group
The same curve split by credit quality: 135 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 4.63%, A+ to BBB- 4.88%, Speculative 5.82%.
Bonds in this curve
A selection of 30 of the 140 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 |
| Allied Properties Real Estate Investment Trust | 3.52% | 2027-04-07 | 4.31% | CA019456AN20 |
| Toronto-Dominion Bank | 3.27% | 2027-06-01 | 4.21% | CA89117F7G86 |
| Loblaw Companies Limited | 3.36% | 2027-11-08 | 6.65% | CA53947ZAC10 |
| Toronto-Dominion Bank | 4.73% | 2028-01-13 | 3.91% | US89115KAK60 |
| Toronto-Dominion Bank | 3.57% | 2029-01-08 | 4.68% | CA89117GRJ80 |
| Loblaw Companies Limited | 3.78% | 2029-01-22 | 6.50% | CA53947ZAF41 |
| Bank of Nova Scotia | 3.57% | 2029-02-01 | 4.68% | CA064164QM14 |
| Rogers Communications INC | 3.79% | 2029-05-01 | 3.25% | CA775109BJ98 |
| Hydro ONE INC | 4.02% | 2030-06-03 | 7.35% | CA448810AC58 |
| Bank of Nova Scotia | 3.77% | 2030-09-26 | 3.84% | CA06418MM430 |
| Toronto-Dominion Bank | 5.15% | 2031-05-19 | 4.65% | US89115JBZ57 |
| 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 |
| Muskrat Falls/Labrador Transmission | 4.65% | 2048-12-01 | 3.86% | CA628153AC27 |
| Canadian Utilities Limited | 5.26% | 2052-06-03 | 4.85% | CA136717BD69 |
| National Bank of Canada | 6.25% | 2056-07-08 | 6.25% | US63305TLL88 |