Canada AAA–AA Senior Unsecured Corporate Bond Yields (CAD)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/cad-corporate-senior-unsecured-aaa-aa-canada
Canada AAA–AA Senior Unsecured Corporate Bond Yields (CAD) as of 2026-09-10: 10Y at 4.37%, fitted curve 1M–40Y (2.41%–4.98%), 53 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 2.41% | — |
| 3M | 2.50% | 2.55% |
| 6M | 2.65% | 2.84% |
| 9M | 2.80% | 3.20% |
| 12M | 2.91% | 3.20% |
| 18M | 3.07% | 3.42% |
| 2Y | 3.18% | 3.56% |
| 3Y | 3.38% | 3.82% |
| 4Y | 3.55% | 4.15% |
| 5Y | 3.70% | 4.40% |
| 6Y | 3.83% | 4.61% |
| 7Y | 3.96% | 4.95% |
| 8Y | 4.11% | 5.41% |
| 9Y | 4.25% | 5.78% |
| 10Y | 4.37% | 5.89% |
| 15Y | 4.73% | 5.86% |
| 30Y | 4.97% | 5.55% |
| 40Y | 4.98% | 5.18% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.18% and the 10-year 4.37%, a 10Y−2Y spread of +119 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 | 3.18% | 3.46% | 3.19% | 3.13% | 3.15% | 3.12% | 2.87% |
| 10Y | 4.37% | 5.30% | 4.75% | — | 4.21% | 4.70% | — |
| 10Y − 2Y | +119 bp | +185 bp | +156 bp | — | +106 bp | +158 bp | — |
Bonds in this curve
A selection of 30 of the 88 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| CDP Financial INC | 2.36% | 2026-10-19 | 1.50% | CA125094AW22 |
| Royal Bank of Canada | 4.07% | 2026-11-02 | 5.24% | CA780086VV38 |
| Canadian Imperial Bank of Commerce | 2.86% | 2027-01-07 | 2.25% | CA13607HC349 |
| Bank of Montreal | 3.00% | 2027-04-01 | 3.65% | CA06368DW260 |
| Omers Finance Trust | 2.70% | 2027-04-21 | 1.55% | CAC68012AD21 |
| Toronto-Dominion Bank | 3.52% | 2027-06-01 | 4.21% | CA89117F7G86 |
| Royal Bank of Canada | 3.53% | 2027-07-26 | 4.61% | CA780086VK72 |
| Ontario Teachers Finance Trust | 2.85% | 2027-10-19 | 1.10% | CA68329AAF53 |
| Bank of Montreal | 3.48% | 2028-03-01 | 3.19% | CA06368BTX69 |
| Royal Bank of Canada | 3.92% | 2028-05-01 | 4.63% | CA780086XL38 |
| Royal Bank of Canada | 3.64% | 2028-12-10 | 3.63% | CA779926FY56 |
| Toronto-Dominion Bank | 3.91% | 2029-01-08 | 4.68% | CA89117GRJ80 |
| Bank of Montreal | 3.99% | 2029-07-17 | 4.42% | CA06368L5G77 |
| Ontario Teachers Finance Trust | 3.66% | 2029-11-01 | 4.15% | CAC69798AW34 |
| British Columbia Investment Management | 3.54% | 2030-06-02 | 3.40% | CA110610AC64 |
| Royal Bank of Canada | 4.11% | 2030-06-24 | 5.23% | CA780086ZH08 |
| Hydro-Quebec | 3.69% | 2031-08-15 | 6.00% | CA448814GY37 |
| Cppib Capital INC | 3.73% | 2031-12-01 | 2.25% | CA12593CAS04 |
| Ontario Teachers Finance Trust | 3.78% | 2032-06-02 | 4.45% | CAC69798AV50 |
| Hydro-Quebec | 3.80% | 2032-09-01 | 3.55% | CA44889ZFP68 |
| British Columbia Investment Management | 3.87% | 2033-06-02 | 4.90% | CA110610AA09 |
| Cppib Capital INC | 3.84% | 2033-06-02 | 4.75% | CA12593CAW16 |
| Cppib Capital INC | 3.97% | 2034-06-02 | 4.30% | CA12593CAY71 |
| CDP Financial INC | 3.98% | 2034-06-02 | 3.65% | CAC23264AY75 |
| British Columbia Investment Management | 4.13% | 2035-06-02 | 4.00% | CA110610AD48 |
| Bank of Nova Scotia | 4.79% | 2036-04-30 | 4.55% | CA06419FRX82 |
| Bank of Nova Scotia | 4.98% | 2039-02-15 | 5.02% | CA0641644E35 |
| Royal Bank of Canada | 4.90% | 2039-11-04 | 4.50% | CA779926EC46 |
| Hydro-Quebec | 4.99% | 2060-02-15 | 2.10% | CA448814JC89 |
| Hydro-Quebec | 4.98% | 2063-02-15 | 4.00% | CA448814JD62 |