Canadian Senior Unsecured Banks Corporate Bond Yields (CAD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/cad-corporate-senior-unsecured-banks
Canadian Senior Unsecured Banks Corporate Bond Yields (CAD) as of 2026-07-27: 10Y at 5.16%, fitted curve 3M–30Y (2.70%–5.17%), 84 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 3M | 2.70% | — |
| 6M | 2.98% | 3.26% |
| 9M | 3.25% | 3.79% |
| 12M | 3.50% | 4.26% |
| 18M | 3.95% | 4.84% |
| 2Y | 4.30% | 5.36% |
| 3Y | 4.75% | 5.67% |
| 4Y | 4.98% | 5.66% |
| 5Y | 5.08% | 5.50% |
| 6Y | 5.13% | 5.36% |
| 7Y | 5.15% | 5.27% |
| 8Y | 5.16% | 5.22% |
| 9Y | 5.16% | 5.19% |
| 10Y | 5.16% | 5.18% |
| 15Y | 5.17% | 5.17% |
| 20Y | 5.17% | 5.17% |
| 30Y | 5.17% | 5.17% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.30% and the 10-year 5.16%, a 10Y−2Y spread of +87 bp — positively sloped — as of 2026-07-27. 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 | Latest2026-07-27 | 1m ago2026-06-26 | 2m ago2026-05-28 | 3m ago2026-04-28 | 4m ago2026-03-31 | 5m ago2026-02-27 | 6m ago2026-01-28 |
|---|---|---|---|---|---|---|---|
| 2Y | 4.30% | 3.59% | 3.68% | 3.34% | 3.71% | 2.96% | 2.96% |
| 10Y | 5.16% | — | 4.85% | — | — | 4.40% | 4.53% |
| 10Y − 2Y | +87 bp | — | +117 bp | — | — | +144 bp | +157 bp |
Yields by rating group
The same curve split by credit quality: 143 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 4.73%, A+ to BBB- 4.88%.
Bonds in this curve
A selection of 30 of the 143 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Royal Bank of Canada | 3.37% | 2026-11-02 | 5.24% | CA780086VV38 |
| National Bank of Canada | 2.78% | 2026-12-07 | 4.97% | CA63306AHU30 |
| Canadian Imperial Bank of Commerce | 2.87% | 2027-01-07 | 2.25% | CA13607HC349 |
| Wells Fargo & Company | 3.06% | 2027-02-18 | 2.49% | CA949746SZ57 |
| Bank of Montreal | 3.09% | 2027-04-01 | 3.65% | CA06368DW260 |
| Toronto-Dominion Bank | 3.27% | 2027-06-01 | 4.21% | CA89117F7G86 |
| Royal Bank of Canada | 3.31% | 2027-07-26 | 4.61% | CA780086VK72 |
| National Bank of Canada | 3.03% | 2027-09-02 | 5.15% | CA136765BU77 |
| Toronto-Dominion Bank | 4.73% | 2028-01-13 | 3.91% | US89115KAK60 |
| Bank of Montreal | 3.21% | 2028-03-01 | 3.19% | CA06368BTX69 |
| Royal Bank of Canada | 3.60% | 2028-05-01 | 4.63% | CA780086XL38 |
| Toronto-Dominion Bank | 4.74% | 2028-06-02 | 4.57% | US89115KAD28 |
| Bank of Nova Scotia | 3.57% | 2029-02-01 | 4.68% | CA064164QM14 |
| National Bank of Canada | 3.54% | 2029-02-01 | 5.02% | CA63306AHT66 |
| Royal Bank of Canada | 4.83% | 2030-04-17 | 4.40% | US78017DAT54 |
| Toronto-Dominion Bank | 4.91% | 2030-06-03 | 4.81% | US89115KAB61 |
| Royal Bank of Canada | 5.01% | 2031-02-04 | 5.15% | US78017DAC20 |
| Royal Bank of Canada | 5.00% | 2031-11-03 | 4.30% | US78017DAQ16 |
| Royal Bank of Canada | 5.04% | 2032-05-03 | 4.61% | US78017DAV01 |
| Toronto-Dominion Bank | 5.26% | 2033-04-22 | 4.87% | US89115KAR14 |
| Toronto-Dominion Bank | 5.09% | 2033-07-17 | 5.10% | US89115JCV35 |
| Royal Bank of Canada | 4.61% | 2034-04-03 | 5.10% | CA7800863G73 |
| Royal Bank of Canada | 4.86% | 2034-09-10 | 4.60% | CA779926BN38 |
| Toronto-Dominion Bank | 5.62% | 2035-06-30 | 5.35% | US89115JAY91 |
| Toronto-Dominion Bank | 5.47% | 2035-10-15 | 4.93% | US89115KAJ97 |
| National Bank of Canada | 5.59% | 2036-07-07 | 5.35% | US63305TMW35 |
| National Bank of Canada | 5.71% | 2036-07-16 | 5.55% | US63305TMX18 |
| Royal Bank of Canada | 4.80% | 2039-08-30 | 4.30% | CA779926AV62 |
| National Bank of Canada | 6.00% | 2046-07-15 | 6.00% | US63305TMN36 |
| National Bank of Canada | 6.25% | 2056-07-08 | 6.25% | US63305TLL88 |