Canada Senior Unsecured Corporate Bond Yields (CAD)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/cad-corporate-senior-unsecured-canada
Canada Senior Unsecured Corporate Bond Yields (CAD) as of 2026-09-10: 10Y at 4.74%, fitted curve 1M–40Y (2.46%–5.63%), 97 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 2.46% | — |
| 3M | 2.67% | 2.77% |
| 6M | 2.91% | 3.19% |
| 9M | 3.07% | 3.51% |
| 12M | 3.19% | 3.51% |
| 18M | 3.35% | 3.71% |
| 2Y | 3.47% | 3.88% |
| 3Y | 3.67% | 4.14% |
| 4Y | 3.84% | 4.44% |
| 5Y | 3.99% | 4.69% |
| 6Y | 4.12% | 4.98% |
| 7Y | 4.26% | 5.33% |
| 8Y | 4.41% | 5.77% |
| 9Y | 4.57% | 6.28% |
| 10Y | 4.74% | 6.78% |
| 15Y | 5.39% | 7.62% |
| 20Y | 5.63% | 7.19% |
| 25Y | 5.49% | 4.17% |
| 30Y | 5.11% | 0.67% |
| 40Y | 4.89% | 3.50% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.47% and the 10-year 4.74%, a 10Y−2Y spread of +127 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 | 3.47% | 3.84% | 3.33% | 3.55% | 3.55% | 3.25% | 3.04% |
| 10Y | 4.74% | 5.43% | 4.76% | — | 4.53% | 4.57% | 4.28% |
| 10Y − 2Y | +127 bp | +160 bp | +143 bp | — | +98 bp | +131 bp | +123 bp |
Yields by rating group
The same curve split by credit quality: 124 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 3.75%, A+ to BBB- 4.43%, Speculative 6.50%.
Bonds in this curve
A selection of 30 of the 135 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 |
| 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 |
| Rogers Communications INC | 3.41% | 2027-03-01 | 3.80% | CA775109CM19 |
| Toronto-Dominion Bank | 3.52% | 2027-06-01 | 4.21% | CA89117F7G86 |
| Royal Bank of Canada | 3.53% | 2027-07-26 | 4.61% | CA780086VK72 |
| BCI Quadreal Realty | 3.03% | 2027-07-31 | 4.16% | CA07337EAB44 |
| National Bank of Canada | 3.08% | 2027-09-02 | 5.15% | CA136765BU77 |
| 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 |
| Royal Bank of Canada | 3.64% | 2028-12-10 | 3.63% | CA779926FY56 |
| 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 |
| Royal Bank of Canada | 4.11% | 2030-06-24 | 5.23% | CA780086ZH08 |
| Enbridge INC | 4.03% | 2031-05-12 | 2.82% | CA29251ZCS44 |
| Hydro-Quebec | 3.69% | 2031-08-15 | 6.00% | CA448814GY37 |
| Hydro-Quebec | 3.80% | 2032-09-01 | 3.55% | CA44889ZFP68 |
| Telus Corp | 4.85% | 2033-09-08 | 5.75% | CA87971MCC51 |
| Cppib Capital INC | 3.97% | 2034-06-02 | 4.30% | CA12593CAY71 |
| British Columbia Investment Management | 4.13% | 2035-06-02 | 4.00% | CA110610AD48 |
| Bank of Nova Scotia | 4.79% | 2036-04-30 | 4.55% | CA06419FRX82 |
| 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 |
| Hydro-Quebec | 4.99% | 2060-02-15 | 2.10% | CA448814JC89 |
| Hydro-Quebec | 4.98% | 2063-02-15 | 4.00% | CA448814JD62 |