Canadian Senior Unsecured Callable Banks Corporate Bond Yields (CAD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/cad-corporate-senior-unsecured-banks-callable
Canadian Senior Unsecured Callable Banks Corporate Bond Yields (CAD) as of 2026-07-27: 10Y at 5.62%, fitted curve 6M–30Y (4.23%–6.06%), 53 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 6M | 4.23% | — |
| 9M | 4.28% | 4.38% |
| 18M | 4.42% | 4.57% |
| 2Y | 4.52% | 4.80% |
| 3Y | 4.70% | 5.06% |
| 4Y | 4.87% | 5.38% |
| 5Y | 5.02% | 5.65% |
| 7Y | 5.29% | 5.98% |
| 8Y | 5.41% | 6.23% |
| 9Y | 5.52% | 6.38% |
| 10Y | 5.62% | 6.50% |
| 20Y | 6.00% | 6.39% |
| 30Y | 6.06% | 6.16% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.52% and the 10-year 5.62%, a 10Y−2Y spread of +110 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 |
|---|---|---|
| 2Y | 4.52% | 3.65% |
| 10Y | 5.62% | — |
| 10Y − 2Y | +110 bp | — |
Yields by rating group
The same curve split by credit quality: 90 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 4.91%, A+ to BBB- 4.89%.
Bonds in this curve
A selection of 30 of the 90 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| National Bank of Canada | 2.64% | 2027-02-08 | 4.27% | CA136765BZ64 |
| Toronto-Dominion Bank | 3.27% | 2027-06-01 | 4.21% | CA89117F7G86 |
| Toronto-Dominion Bank | 4.82% | 2027-12-17 | 4.15% | US89115JCJ07 |
| Toronto-Dominion Bank | 4.73% | 2028-01-13 | 3.91% | US89115KAK60 |
| Toronto-Dominion Bank | 4.43% | 2028-01-15 | 4.25% | US89115JCT88 |
| Toronto-Dominion Bank | 3.39% | 2028-01-18 | 4.48% | CA89117GTQ06 |
| National Bank of Canada | 4.96% | 2028-07-08 | 4.50% | US63305TMD53 |
| National Bank of Canada | 4.65% | 2028-07-24 | 4.60% | US63305TPC44 |
| Toronto-Dominion Bank | 5.08% | 2028-08-18 | 4.35% | US89115JBN28 |
| Toronto-Dominion Bank | 3.57% | 2029-01-08 | 4.68% | CA89117GRJ80 |
| Bank of Nova Scotia | 3.57% | 2029-02-01 | 4.68% | CA064164QM14 |
| National Bank of Canada | 4.82% | 2029-07-08 | 4.80% | US63305TLK06 |
| Bank of Montreal | 3.67% | 2029-07-17 | 4.42% | CA06368L5G77 |
| Bank of Nova Scotia | 3.77% | 2030-09-26 | 3.84% | CA06418MM430 |
| Canadian Imperial Bank of Commerce | 3.79% | 2030-12-10 | 3.80% | CA13607LF997 |
| Toronto-Dominion Bank | 4.94% | 2031-01-13 | 4.41% | US89115KAM27 |
| Toronto-Dominion Bank | 5.15% | 2031-05-19 | 4.65% | US89115JBZ57 |
| National Bank of Canada | 4.69% | 2031-07-15 | 4.55% | US63305TLV60 |
| National Bank of Canada | 5.17% | 2031-07-14 | 5.00% | US63305TPE00 |
| Toronto-Dominion Bank | 5.09% | 2033-07-17 | 5.10% | US89115JCV35 |
| Royal Bank of Canada | 4.61% | 2034-04-03 | 5.10% | CA7800863G73 |
| Bank of Montreal | 5.10% | 2034-07-14 | 5.00% | US06376LF681 |
| Toronto-Dominion Bank | 5.62% | 2035-06-30 | 5.35% | US89115JAY91 |
| National Bank of Canada | 5.62% | 2036-07-08 | 5.50% | US63305TMH67 |
| National Bank of Canada | 5.59% | 2036-07-07 | 5.35% | US63305TMW35 |
| National Bank of Canada | 5.71% | 2036-07-16 | 5.55% | US63305TMX18 |
| National Bank of Canada | 6.00% | 2046-07-15 | 6.00% | US63305TMN36 |
| National Bank of Canada | 6.01% | 2056-06-12 | 6.00% | US63305TGM27 |
| National Bank of Canada | 6.25% | 2056-07-08 | 6.25% | US63305TLL88 |
| National Bank of Canada | 6.00% | 2056-07-15 | 6.00% | US63305TLW44 |