Canadian Investment Grade Utilities & Power Corporate Bond Yields (CAD)
Fitted spot curve as of 2026-10-26
https://bondscovery.com/yield-curve/cad-corporate-utilities-power
Canadian Investment Grade Utilities & Power Corporate Bond Yields (CAD) as of 2026-10-26: 10Y at 4.77%, fitted curve 1M–40Y (2.56%–4.94%), 61 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 2.56% | — |
| 3M | 2.64% | 2.67% |
| 2Y | 3.33% | 3.47% |
| 3Y | 3.66% | 4.41% |
| 4Y | 3.94% | 4.93% |
| 5Y | 4.18% | 5.30% |
| 6Y | 4.37% | 5.53% |
| 7Y | 4.51% | 5.64% |
| 8Y | 4.62% | 5.67% |
| 9Y | 4.71% | 5.65% |
| 10Y | 4.77% | 5.59% |
| 15Y | 4.91% | 5.38% |
| 20Y | 4.94% | 5.14% |
| 25Y | 4.94% | 5.04% |
| 30Y | 4.94% | 5.01% |
| 40Y | 4.94% | 5.01% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.33% and the 10-year 4.77%, a 10Y−2Y spread of +144 bp — positively sloped — as of 2026-10-26. 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 | Latest2026-10-26 | 1m ago2026-09-25 | 2m ago2026-08-27 | 3m ago2026-07-28 | 4m ago2026-06-29 | 5m ago2026-05-29 | 6m ago2026-04-29 |
|---|---|---|---|---|---|---|---|
| 2Y | 3.33% | 3.44% | 3.18% | 3.02% | 3.00% | 2.97% | 2.98% |
| 10Y | 4.77% | 4.87% | 4.68% | — | — | 4.41% | — |
| 10Y − 2Y | +144 bp | +143 bp | +150 bp | — | — | +144 bp | — |
Yields by rating group
The same curve split by credit quality: 82 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 4.58%, A+ to BBB- 2.64%.
Bonds in this curve
A selection of 30 of the 82 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Fortisbc Energy | 2.57% | 2026-11-20 | 0.00% | CA34990AYM49 |
| Hydro ONE | 2.53% | 2026-11-19 | 0.00% | CA448983YL43 |
| OPG | 2.33% | 2027-01-13 | 0.00% | CA68322AAE51 |
| Fortisbc Energy | 2.64% | 2027-01-21 | 0.00% | CA34990AAN87 |
| Hydro-Quebec | 3.29% | 2028-09-01 | 2.00% | CA44889ZFE12 |
| National Grid Electricity Transmission | 3.94% | 2029-06-22 | 2.30% | CA636273AC82 |
| Hydro-Quebec | 3.55% | 2029-09-01 | 3.40% | CA44889ZFJ09 |
| Hydro ONE | 4.36% | 2030-06-03 | 7.35% | CA448810AC58 |
| Nextera Energy Capital | 4.14% | 2030-06-12 | 3.83% | CA65339KDR82 |
| Nextera Energy Capital | 4.28% | 2031-04-30 | 4.85% | CA65339KDA57 |
| National Grid Electricity Transmission | 4.39% | 2031-09-16 | 5.22% | CA636273AD65 |
| Hydro ONE | 4.41% | 2032-06-01 | 6.93% | CA44810ZAB63 |
| Hydro-Quebec | 3.84% | 2032-09-01 | 3.55% | CA44889ZFP68 |
| Hydro-Quebec | 3.94% | 2033-09-01 | 3.60% | CA44889ZFQ42 |
| Hydro ONE | 4.50% | 2034-01-31 | 6.35% | CA44810ZAD20 |
| EDF | 5.08% | 2034-05-17 | 5.38% | CA268317BC73 |
| Hydro-Quebec | 4.13% | 2035-02-15 | 6.50% | CA44889ZCM64 |
| Nextera Energy Capital | 4.58% | 2035-06-12 | 4.67% | CA65339KDT49 |
| National Grid Electricity Transmission | 4.92% | 2036-08-12 | 4.72% | CA636273AG96 |
| Hydro ONE | 4.98% | 2039-03-03 | 6.03% | CA44810ZAX83 |
| Hydro ONE | 4.99% | 2040-07-16 | 5.49% | CA44810ZAY66 |
| Hydro ONE | 5.08% | 2043-10-09 | 4.59% | CA44810ZBK53 |
| Hydro-Quebec | 4.93% | 2045-02-15 | 5.00% | CA448814HZ92 |
| Muskrat Falls | 4.89% | 2048-12-01 | 3.86% | CA628153AC27 |
| Liberty Utils | 5.59% | 2050-02-14 | 3.31% | CA531544AA23 |
| Hydro-Quebec | 5.00% | 2050-02-15 | 5.00% | CA448814JA24 |
| EDF | 5.93% | 2055-02-06 | 5.23% | CA268317BH60 |
| Hydro-Quebec | 4.93% | 2055-02-15 | 4.00% | CA4488148V86 |
| Hydro-Quebec | 4.97% | 2063-02-15 | 4.00% | CA448814JD62 |
| Hydro-Quebec | 4.91% | 2065-02-15 | 4.00% | CA448814BQ57 |