Canada AAA–AA Senior Unsecured Non-Callable Corporate Bond Yields (CAD)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/cad-corporate-senior-unsecured-aaa-aa-canada-non-callable
Canada AAA–AA Senior Unsecured Non-Callable Corporate Bond Yields (CAD) as of 2026-09-10: 10Y at 4.52%, fitted curve 1M–40Y (3.25%–4.96%), 35 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 3.25% | — |
| 3M | 3.25% | 3.25% |
| 6M | 3.26% | 3.32% |
| 9M | 3.27% | 3.33% |
| 12M | 3.28% | 3.33% |
| 18M | 3.30% | 3.38% |
| 2Y | 3.33% | 3.45% |
| 3Y | 3.41% | 3.59% |
| 4Y | 3.51% | 3.87% |
| 5Y | 3.64% | 4.26% |
| 6Y | 3.80% | 4.76% |
| 7Y | 3.98% | 5.32% |
| 8Y | 4.17% | 5.88% |
| 9Y | 4.36% | 6.32% |
| 10Y | 4.52% | 6.58% |
| 15Y | 4.94% | 6.30% |
| 30Y | 4.96% | 5.03% |
| 40Y | 4.96% | 5.03% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.33% and the 10-year 4.52%, 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 ago2026-08-18 | 2m ago2026-07-13 | 3m ago2026-06-18 | 4m ago2026-05-13 | 5m ago2026-04-13 | 6m ago2026-03-13 |
|---|---|---|---|---|---|---|---|
| 2Y | 3.33% | — | 3.07% | 2.98% | 3.09% | 3.12% | 2.96% |
| 10Y | 4.52% | 4.56% | 4.70% | — | 4.32% | 4.70% | — |
| 10Y − 2Y | +119 bp | — | +163 bp | — | +123 bp | +159 bp | — |
Bonds in this curve
A selection of 30 of the 67 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| 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 |
| Cppib Capital INC | 2.69% | 2027-06-01 | 2.85% | CA12593CAU59 |
| CDP Financial INC | 2.68% | 2027-06-02 | 3.80% | CAC23264AR25 |
| 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 |
| Cppib Capital INC | 3.06% | 2028-03-08 | 3.25% | CA12593CAV33 |
| Royal Bank of Canada | 3.92% | 2028-05-01 | 4.63% | CA780086XL38 |
| Royal Bank of Canada | 3.64% | 2028-12-10 | 3.63% | CA779926FY56 |
| PSP Capital INC | 3.40% | 2029-06-15 | 3.75% | CA69363TAS11 |
| 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 |
| Hydro-Quebec | 3.80% | 2032-09-01 | 3.55% | CA44889ZFP68 |
| British Columbia Investment Management | 3.87% | 2033-06-02 | 4.90% | CA110610AA09 |
| PSP Capital INC | 3.89% | 2033-06-01 | 4.15% | CAC75089AB59 |
| Cppib Capital INC | 3.97% | 2034-06-02 | 4.30% | CA12593CAY71 |
| Ontario Teachers Finance Trust | 3.98% | 2034-06-02 | 4.30% | CAC69798AZ64 |
| 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 |
| PSP Capital INC | 4.92% | 2055-12-01 | 4.25% | CAC75089AD16 |
| Hydro-Quebec | 4.99% | 2060-02-15 | 2.10% | CA448814JC89 |
| Hydro-Quebec | 4.98% | 2063-02-15 | 4.00% | CA448814JD62 |
| Hydro-Quebec | 4.97% | 2065-02-15 | 4.00% | CA448814BQ57 |