Canada Callable Corporate Bond Yields (CAD)
Fitted spot curve as of 2026-09-11
https://bondscovery.com/yield-curve/cad-corporate-canada-callable
Canada Callable Corporate Bond Yields (CAD) as of 2026-09-11: 10Y at 5.09%, fitted curve 1M–30Y (2.92%–5.37%), 48 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 2.92% | — |
| 6M | 3.05% | 3.11% |
| 9M | 3.13% | 3.40% |
| 12M | 3.21% | 3.40% |
| 18M | 3.37% | 3.72% |
| 2Y | 3.52% | 4.03% |
| 3Y | 3.81% | 4.47% |
| 4Y | 4.07% | 4.99% |
| 5Y | 4.30% | 5.42% |
| 6Y | 4.50% | 5.77% |
| 7Y | 4.68% | 6.05% |
| 8Y | 4.83% | 6.28% |
| 9Y | 4.97% | 6.46% |
| 10Y | 5.09% | 6.60% |
| 15Y | 5.37% | 6.36% |
| 20Y | 5.30% | 4.95% |
| 25Y | 5.20% | 4.40% |
| 30Y | 4.90% | 1.70% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.52% and the 10-year 5.09%, a 10Y−2Y spread of +157 bp — positively sloped — as of 2026-09-11. 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 | Latest2026-09-11 | 1m ago2026-08-12 | 2m ago2026-07-13 | 3m ago2026-06-12 | 4m ago2026-05-14 | 5m ago2026-04-14 | 6m ago2026-03-16 |
|---|---|---|---|---|---|---|---|
| 2Y | 3.52% | 4.43% | 3.60% | 3.61% | 3.43% | 3.20% | 3.20% |
| 10Y | 5.09% | 5.39% | 4.89% | 4.61% | 4.79% | 4.62% | 4.67% |
| 10Y − 2Y | +157 bp | +95 bp | +129 bp | +100 bp | +136 bp | +143 bp | +147 bp |
Yields by rating group
The same curve split by credit quality: 52 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 3.60%, A+ to BBB- 4.89%, Speculative 6.50%.
Bonds in this curve
A selection of 30 of the 57 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| CDP Financial INC | 2.19% | 2026-10-19 | 1.50% | CAC23264AM38 |
| CDP Financial INC | 2.36% | 2026-10-19 | 1.50% | CA125094AW22 |
| National Bank of Canada | 2.81% | 2027-02-08 | 4.27% | CA136765BZ64 |
| Omers Finance Trust | 2.70% | 2027-04-21 | 1.55% | CAC68012AD21 |
| Omers Finance Trust | 2.65% | 2027-04-21 | 1.55% | CA682142AE42 |
| Toronto-Dominion Bank | 3.52% | 2027-06-01 | 4.21% | CA89117F7G86 |
| Loblaw Companies Limited | 3.80% | 2027-11-08 | 6.65% | CA53947ZAC10 |
| Toronto-Dominion Bank | 3.49% | 2028-01-18 | 4.48% | CA89117GTQ06 |
| CDP Financial INC | 3.13% | 2028-03-08 | 3.70% | CAC23264AT80 |
| Toronto-Dominion Bank | 3.91% | 2029-01-08 | 4.68% | CA89117GRJ80 |
| Loblaw Companies Limited | 4.14% | 2029-01-22 | 6.50% | CA53947ZAF41 |
| 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 |
| Cppib Capital INC | 3.57% | 2030-12-02 | 3.35% | CA12593CBA86 |
| Loblaw Companies Limited | 4.69% | 2032-03-01 | 6.85% | CA53947ZAS61 |
| Hydro ONE INC | 4.46% | 2032-06-01 | 6.93% | CA44810ZAB63 |
| Loblaw Companies Limited | 4.89% | 2033-02-17 | 6.54% | CA53947ZAT45 |
| Telus Corp | 4.85% | 2033-09-08 | 5.75% | CA87971MCC51 |
| Hydro ONE INC | 4.61% | 2034-01-31 | 6.35% | CA44810ZAD20 |
| CDP Financial INC | 4.07% | 2034-06-02 | 3.65% | CAC23264AY75 |
| Metro INC | 5.01% | 2035-10-15 | 5.97% | CA59162ZAB81 |
| Loblaw Companies Limited | 5.13% | 2036-01-18 | 5.90% | CA53947ZAY30 |
| Hydro ONE INC | 5.21% | 2039-03-03 | 6.03% | CA44810ZAX83 |
| Power Corporation of Canada | 5.59% | 2039-04-22 | 8.57% | CA739239AC53 |
| Rogers Communications INC | 5.66% | 2039-11-04 | 6.68% | CA775109AP67 |
| Hydro Ottawa Holding INC | 5.24% | 2045-02-02 | 3.64% | CA448975AD41 |
| Muskrat Falls/Labrador Transmission | 4.94% | 2048-12-01 | 3.86% | CA628153AC27 |
| Canadian Utilities Limited | 5.37% | 2052-06-03 | 4.85% | CA136717BD69 |
| Muskrat Falls/Labrador Transmission | 4.83% | 2057-06-01 | 3.38% | CA628153DS42 |