Canadian Senior Unsecured Non-Callable Corporate Bond Yields (CAD)
Fitted spot curve as of 2026-09-11
https://bondscovery.com/yield-curve/cad-corporate-senior-unsecured-non-callable
Canadian Senior Unsecured Non-Callable Corporate Bond Yields (CAD) as of 2026-09-11: 10Y at 4.81%, fitted curve 1M–40Y (2.92%–5.72%), 110 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 2.92% | — |
| 3M | 2.97% | 2.99% |
| 6M | 3.04% | 3.17% |
| 9M | 3.15% | 3.54% |
| 12M | 3.27% | 3.54% |
| 18M | 3.53% | 4.09% |
| 2Y | 3.68% | 4.20% |
| 3Y | 3.88% | 4.35% |
| 4Y | 4.03% | 4.59% |
| 5Y | 4.16% | 4.78% |
| 6Y | 4.28% | 5.02% |
| 7Y | 4.40% | 5.33% |
| 8Y | 4.53% | 5.71% |
| 9Y | 4.67% | 6.15% |
| 10Y | 4.81% | 6.60% |
| 15Y | 5.42% | 7.50% |
| 20Y | 5.72% | 7.65% |
| 25Y | 5.65% | 4.98% |
| 30Y | 5.35% | 1.60% |
| 40Y | 4.98% | 2.35% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.68% and the 10-year 4.81%, a 10Y−2Y spread of +113 bp — positively sloped — as of 2026-09-11. 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 | Latest2026-09-11 | 1m ago2026-08-12 | 2m ago2026-07-13 | 3m ago2026-06-12 | 4m ago2026-05-14 | 5m ago2026-04-14 | 6m ago2026-03-16 |
|---|---|---|---|---|---|---|---|
| 2Y | 3.68% | 3.40% | 3.24% | 3.61% | 3.34% | 3.28% | 3.08% |
| 10Y | 4.81% | 4.77% | 4.40% | 4.73% | 4.44% | 4.47% | 4.22% |
| 10Y − 2Y | +113 bp | +137 bp | +116 bp | +112 bp | +110 bp | +120 bp | +114 bp |
Yields by rating group
The same curve split by credit quality: 133 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 3.93%, A+ to BBB- 4.24%.
Bonds in this curve
A selection of 30 of the 141 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Lbbw | 5.56% | 2026-10-21 | 1.00% | DE000LB2BHS4 |
| Royal Bank of Canada | 4.07% | 2026-11-02 | 5.24% | CA780086VV38 |
| National Bank of Canada | 2.74% | 2026-12-07 | 4.97% | CA63306AHU30 |
| Canadian Imperial Bank of Commerce | 2.55% | 2027-01-07 | 2.25% | CA13607HC349 |
| Wells Fargo & Company | 3.01% | 2027-02-18 | 2.49% | CA949746SZ57 |
| Rogers Communications INC | 3.50% | 2027-03-01 | 3.80% | CA775109CM19 |
| Cppib Capital INC | 2.71% | 2027-06-01 | 2.85% | CA12593CAU59 |
| Royal Bank of Canada | 3.53% | 2027-07-26 | 4.61% | CA780086VK72 |
| National Bank of Canada | 3.14% | 2027-09-02 | 5.15% | CA136765BU77 |
| Daimler Truck Finance North America LLC | 4.11% | 2027-09-20 | 5.22% | CA233852AF92 |
| 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 |
| Mercedes-Benz | 3.80% | 2028-06-27 | 5.12% | CA58769CAB87 |
| Amazon.COM INC | 3.90% | 2029-06-12 | 3.40% | CA023135DU78 |
| Mercedes-Benz | 4.10% | 2029-06-22 | 3.50% | CA58769CAF91 |
| Ford Motor Company | 4.96% | 2030-06-24 | 4.45% | CA34527ADG28 |
| Royal Bank of Canada | 4.11% | 2030-06-24 | 5.23% | CA780086ZH08 |
| Alphabet INC | 4.16% | 2031-05-15 | 3.65% | CA02079WAG65 |
| Ford Motor Company | 5.19% | 2031-05-23 | 5.58% | CA34527ACX69 |
| Hydro-Quebec | 3.85% | 2032-09-01 | 3.55% | CA44889ZFP68 |
| Alphabet INC | 4.48% | 2033-05-15 | 4.00% | CA02079WAA95 |
| Prologis LP | 4.62% | 2034-05-15 | 4.25% | CA74340XCT69 |
| British Columbia Investment Management | 4.17% | 2035-06-02 | 4.00% | CA110610AD48 |
| Alphabet INC | 4.92% | 2036-05-15 | 4.35% | CA02079WAC51 |
| Rogers Communications INC | 5.67% | 2041-03-22 | 6.56% | CA775109AT89 |
| Enbridge INC | 5.66% | 2045-09-29 | 4.55% | CA29251ZCX39 |
| Enbridge INC | 5.73% | 2051-05-12 | 4.20% | CA29261ZAC91 |
| Alphabet INC | 5.53% | 2056-05-15 | 5.00% | CA02079WAE18 |
| Hydro-Quebec | 5.01% | 2063-02-15 | 4.00% | CA448814JD62 |