Canadian Utilities & Power Corporate Bond Yields (CAD)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/cad-corporate-utilities-power
Canadian Utilities & Power Corporate Bond Yields (CAD) as of 2026-09-10: 10Y at 4.88%, fitted curve 1M–40Y (2.46%–5.19%), 69 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 2.46% | — |
| 3M | 2.53% | 2.56% |
| 12M | 2.83% | 2.95% |
| 2Y | 3.20% | 3.63% |
| 3Y | 3.55% | 4.32% |
| 4Y | 3.85% | 4.90% |
| 5Y | 4.11% | 5.36% |
| 6Y | 4.33% | 5.70% |
| 7Y | 4.52% | 5.92% |
| 8Y | 4.67% | 6.05% |
| 9Y | 4.79% | 6.10% |
| 10Y | 4.88% | 6.09% |
| 15Y | 5.11% | 5.91% |
| 20Y | 5.17% | 5.57% |
| 25Y | 5.19% | 5.38% |
| 30Y | 5.18% | 5.10% |
| 40Y | 4.96% | 3.24% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.20% and the 10-year 4.88%, a 10Y−2Y spread of +168 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 | 3.20% | 3.12% | 3.03% | 2.82% | 3.02% | 2.93% | 2.79% |
| 10Y | 4.88% | — | — | — | 4.45% | — | — |
| 10Y − 2Y | +168 bp | — | — | — | +143 bp | — | — |
Yields by rating group
The same curve split by credit quality: 80 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 3.80%, A+ to BBB- 2.80%.
Bonds in this curve
A selection of 30 of the 81 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Manitoba Hydro-Electric Board | 2.33% | 2026-09-29 | 0.00% | CA563454WW30 |
| Nova Scotia Power INC. | 2.80% | 2026-10-05 | 0.00% | CA669823X507 |
| Fortisbc Energy INC | 2.38% | 2026-11-05 | 0.00% | CA34990AY517 |
| Ontario Power Generation INC | 2.55% | 2026-11-18 | 0.00% | CA68322AYK55 |
| Hydro-Quebec | 2.76% | 2027-08-15 | 1.00% | CA44885ZJD39 |
| Hydro-Quebec | 3.18% | 2028-09-01 | 2.00% | CA44889ZFE12 |
| National Grid Electricity Transmission PLC | 3.80% | 2029-06-22 | 2.30% | CA636273AC82 |
| Hydro-Quebec | 3.37% | 2029-09-01 | 3.40% | CA44889ZFJ09 |
| Hydro ONE INC | 4.43% | 2030-06-03 | 7.35% | CA448810AC58 |
| Nextera Energy Capital Holdings INC | 4.07% | 2030-06-12 | 3.83% | CA65339KDR82 |
| Hydro-Quebec | 3.69% | 2031-08-15 | 6.00% | CA448814GY37 |
| National Grid Electricity Transmission PLC | 4.20% | 2031-09-16 | 5.22% | CA636273AD65 |
| Hydro ONE INC | 4.46% | 2032-06-01 | 6.93% | CA44810ZAB63 |
| Anglian Water Services Financing PLC | 5.11% | 2032-08-26 | 4.53% | CAG0372VCQ54 |
| Hydro-Quebec | 3.77% | 2033-09-01 | 3.60% | CA44889ZFQ42 |
| Hydro ONE INC | 4.61% | 2034-01-31 | 6.35% | CA44810ZAD20 |
| Electricite de France SA | 4.81% | 2034-05-17 | 5.38% | CA268317BC73 |
| Hydro-Quebec | 4.02% | 2035-01-16 | 6.50% | CA44889ZBF23 |
| Nextera Energy Capital Holdings INC | 4.63% | 2035-06-12 | 4.67% | CA65339KDT49 |
| Oncor Electric Delivery Company LLC | 4.59% | 2035-10-01 | 4.20% | CAU68281BB69 |
| National Grid Electricity Transmission PLC | 5.01% | 2036-08-12 | 4.72% | CA636273AG96 |
| Hydro ONE INC | 5.21% | 2039-03-03 | 6.03% | CA44810ZAX83 |
| Hydro ONE INC | 5.17% | 2040-07-16 | 5.49% | CA44810ZAY66 |
| Hydro ONE INC | 5.29% | 2043-10-09 | 4.59% | CA44810ZBK53 |
| Hydro Ottawa Holding INC | 5.24% | 2045-02-02 | 3.64% | CA448975AD41 |
| Hydro-Quebec | 4.92% | 2045-02-15 | 5.00% | CA448814HZ92 |
| Hydro-Quebec | 5.02% | 2050-02-15 | 5.00% | CA448814JA24 |
| Canadian Utilities Limited | 5.37% | 2052-06-03 | 4.85% | CA136717BD69 |
| Hydro-Quebec | 5.03% | 2055-02-15 | 4.00% | CA4488148V86 |
| Hydro-Quebec | 4.98% | 2063-02-15 | 4.00% | CA448814JD62 |