Canadian Senior Unsecured Corporate Bond Yields (CAD)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/cad-corporate-senior-unsecured
Canadian Senior Unsecured Corporate Bond Yields (CAD) as of 2026-09-10: 10Y at 4.93%, fitted curve 1M–40Y (2.89%–5.50%), 161 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 2.89% | — |
| 3M | 2.94% | 2.97% |
| 6M | 3.03% | 3.17% |
| 9M | 3.15% | 3.59% |
| 12M | 3.30% | 3.59% |
| 18M | 3.54% | 4.09% |
| 2Y | 3.69% | 4.20% |
| 3Y | 3.91% | 4.41% |
| 4Y | 4.08% | 4.72% |
| 5Y | 4.24% | 5.02% |
| 6Y | 4.40% | 5.35% |
| 7Y | 4.55% | 5.70% |
| 8Y | 4.69% | 6.00% |
| 9Y | 4.82% | 6.24% |
| 10Y | 4.93% | 6.42% |
| 15Y | 5.32% | 6.66% |
| 20Y | 5.49% | 6.51% |
| 25Y | 5.50% | 5.70% |
| 30Y | 5.38% | 3.78% |
| 40Y | 4.87% | 0.94% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.69% and the 10-year 4.93%, a 10Y−2Y spread of +124 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 | 3.69% | 3.54% | 3.34% | 3.47% | 3.52% | 3.29% | 3.12% |
| 10Y | 4.93% | 5.12% | 4.65% | 4.75% | 4.58% | 4.67% | 4.35% |
| 10Y − 2Y | +124 bp | +158 bp | +131 bp | +128 bp | +106 bp | +138 bp | +123 bp |
Yields by rating group
The same curve split by credit quality: 187 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 3.84%, A+ to BBB- 4.29%, Speculative 6.50%.
Bonds in this curve
A selection of 30 of the 200 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 |
| Canadian Imperial Bank of Commerce | 2.86% | 2027-01-07 | 2.25% | CA13607HC349 |
| National Bank of Canada | 2.81% | 2027-02-08 | 4.27% | CA136765BZ64 |
| Walt Disney Company/the | 3.17% | 2027-03-30 | 3.06% | CA254687FU53 |
| Toronto-Dominion Bank | 3.52% | 2027-06-01 | 4.21% | CA89117F7G86 |
| Mercedes-Benz | 3.60% | 2027-07-09 | 4.64% | CA58769CAD44 |
| 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 |
| 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 |
| Ford Motor Company | 4.96% | 2030-06-24 | 4.45% | CA34527ADG28 |
| Alphabet INC | 4.16% | 2031-05-15 | 3.65% | CA02079WAG65 |
| Ford Motor Company | 5.19% | 2031-05-23 | 5.58% | CA34527ACX69 |
| Prologis LP | 4.30% | 2033-02-15 | 4.20% | CA74340XCP48 |
| 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 |
| Alphabet INC | 4.92% | 2036-05-15 | 4.35% | CA02079WAC51 |
| Rogers Communications INC | 5.66% | 2039-11-04 | 6.68% | CA775109AP67 |
| Enbridge INC | 5.64% | 2045-09-29 | 4.55% | CA29251ZCX39 |
| Rogers Communications INC | 5.75% | 2049-12-09 | 4.25% | CA775109CR06 |
| Alphabet INC | 5.53% | 2056-05-15 | 5.00% | CA02079WAE18 |
| Hydro-Quebec | 4.98% | 2063-02-15 | 4.00% | CA448814JD62 |