Canadian Non-Callable Corporate Bond Yields (CAD)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/cad-corporate-non-callable
Canadian Non-Callable Corporate Bond Yields (CAD) as of 2026-09-10: 10Y at 4.69%, fitted curve 1M–40Y (2.95%–5.67%), 185 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 2.95% | — |
| 3M | 2.98% | 3.00% |
| 6M | 3.03% | 3.13% |
| 9M | 3.10% | 3.38% |
| 12M | 3.19% | 3.38% |
| 18M | 3.45% | 4.04% |
| 2Y | 3.65% | 4.29% |
| 3Y | 3.83% | 4.28% |
| 4Y | 3.98% | 4.52% |
| 5Y | 4.12% | 4.78% |
| 6Y | 4.24% | 5.00% |
| 7Y | 4.35% | 5.21% |
| 8Y | 4.46% | 5.47% |
| 9Y | 4.57% | 5.79% |
| 10Y | 4.69% | 6.17% |
| 15Y | 5.22% | 7.00% |
| 20Y | 5.46% | 6.97% |
| 25Y | 5.58% | 6.73% |
| 30Y | 5.63% | 6.50% |
| 40Y | 5.67% | 6.20% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.65% and the 10-year 4.69%, a 10Y−2Y spread of +104 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 | 3.65% | 3.49% | 3.29% | 3.36% | 3.35% | 3.39% | 3.14% |
| 10Y | 4.69% | 4.74% | 4.47% | 4.41% | 4.44% | 4.46% | 4.33% |
| 10Y − 2Y | +104 bp | +125 bp | +119 bp | +105 bp | +109 bp | +108 bp | +119 bp |
Yields by rating group
The same curve split by credit quality: 214 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 4.11%, A+ to BBB- 4.21%, Speculative 4.51%.
Bonds in this curve
A selection of 30 of the 236 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Lbbw | 5.56% | 2026-10-21 | 1.00% | DE000LB2BHS4 |
| Royal Bank of Canada | 4.07% | 2026-11-02 | 5.24% | CA780086VV38 |
| National Bank of Canada | 2.61% | 2026-12-07 | 4.97% | CA63306AHU30 |
| Deere & Company | 4.02% | 2027-01-20 | 4.36% | CA47788ZAQ42 |
| Wells Fargo & Company | 3.00% | 2027-02-18 | 2.49% | CA949746SZ57 |
| Rogers Communications INC | 3.41% | 2027-03-01 | 3.80% | CA775109CM19 |
| Deere & Company | 3.52% | 2027-06-14 | 4.95% | CA47788ZAN11 |
| Royal Bank of Canada | 3.53% | 2027-07-26 | 4.61% | CA780086VK72 |
| BCI Quadreal Realty | 3.03% | 2027-07-31 | 4.16% | CA07337EAB44 |
| Daimler Truck Finance North America LLC | 4.11% | 2027-09-20 | 5.22% | CA233852AF92 |
| 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 |
| Mercedes-Benz | 3.80% | 2028-06-27 | 5.12% | CA58769CAB87 |
| Deere & Company | 3.92% | 2029-04-04 | 4.63% | CA47788ZAR25 |
| Amazon.COM INC | 3.90% | 2029-06-12 | 3.40% | CA023135DU78 |
| Ford Motor Company | 4.96% | 2030-06-24 | 4.45% | CA34527ADG28 |
| Royal Bank of Canada | 4.11% | 2030-06-24 | 5.23% | CA780086ZH08 |
| Bell Canada | 4.11% | 2031-03-17 | 3.00% | CA07813ZCG78 |
| Alphabet INC | 4.16% | 2031-05-15 | 3.65% | CA02079WAG65 |
| Transcanada Pipelines Limited | 4.58% | 2032-05-12 | 5.33% | CA89353ZCK27 |
| Alphabet INC | 4.48% | 2033-05-15 | 4.00% | CA02079WAA95 |
| Cppib Capital INC | 3.97% | 2034-06-02 | 4.30% | CA12593CAY71 |
| British Columbia Investment Management | 4.13% | 2035-06-02 | 4.00% | CA110610AD48 |
| AT&T INC | 5.16% | 2036-03-12 | 4.50% | CA00206RNL29 |
| Rogers Communications INC | 5.67% | 2041-03-22 | 6.56% | CA775109AT89 |
| Enbridge INC | 5.64% | 2045-09-29 | 4.55% | CA29251ZCX39 |
| Bell Canada | 5.98% | 2053-02-09 | 5.15% | CA07813ZCM47 |
| AT&T INC | 5.91% | 2056-03-12 | 5.25% | CA00206RNM02 |
| Hydro-Quebec | 4.98% | 2063-02-15 | 4.00% | CA448814JD62 |