Canada Utilities & Power Corporate Bond Yields (CAD)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/cad-corporate-utilities-power-canada
Canada Utilities & Power Corporate Bond Yields (CAD) as of 2026-09-10: 10Y at 4.61%, fitted curve 1M–40Y (2.48%–5.08%), 54 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 2.48% | — |
| 3M | 2.53% | 2.55% |
| 12M | 2.76% | 2.87% |
| 2Y | 3.06% | 3.39% |
| 3Y | 3.33% | 3.96% |
| 4Y | 3.59% | 4.48% |
| 5Y | 3.83% | 4.92% |
| 6Y | 4.03% | 5.29% |
| 7Y | 4.21% | 5.58% |
| 8Y | 4.37% | 5.78% |
| 10Y | 4.61% | 5.96% |
| 15Y | 4.93% | 5.99% |
| 20Y | 5.04% | 5.71% |
| 25Y | 5.08% | 5.44% |
| 30Y | 5.03% | 4.41% |
| 40Y | 4.98% | 4.66% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.06% and the 10-year 4.61%, a 10Y−2Y spread of +155 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 | 3.06% | 2.85% | 2.87% | 2.79% | 2.88% | 2.82% | 2.71% |
| 10Y | 4.61% | — | — | — | 4.31% | — | — |
| 10Y − 2Y | +155 bp | — | — | — | +143 bp | — | — |
Yields by rating group
The same curve split by credit quality: 65 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 3.80%, A+ to BBB- 2.51%.
Bonds in this curve
A selection of 30 of the 66 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 | 2.34% | 2026-10-07 | 0.00% | CA34990AX782 |
| Ontario Power Generation INC | 2.55% | 2026-10-21 | 0.00% | CA68322AXN04 |
| Fortisbc Energy INC | 2.38% | 2026-11-05 | 0.00% | CA34990AY517 |
| Ontario Power Generation INC | 2.55% | 2026-11-18 | 0.00% | CA68322AYK55 |
| Fortisbc Energy INC | 2.35% | 2026-12-03 | 0.00% | CA34990AZ357 |
| Hydro-Quebec | 2.76% | 2027-08-15 | 1.00% | CA44885ZJD39 |
| Hydro-Quebec | 3.18% | 2028-09-01 | 2.00% | CA44889ZFE12 |
| Hydro-Quebec | 3.37% | 2029-09-01 | 3.40% | CA44889ZFJ09 |
| Hydro ONE INC | 4.43% | 2030-06-03 | 7.35% | CA448810AC58 |
| Hydro-Quebec | 3.69% | 2031-08-15 | 6.00% | CA448814GY37 |
| Hydro ONE INC | 4.46% | 2032-06-01 | 6.93% | CA44810ZAB63 |
| Hydro-Quebec | 3.80% | 2032-09-01 | 3.55% | CA44889ZFP68 |
| Hydro-Quebec | 3.77% | 2033-09-01 | 3.60% | CA44889ZFQ42 |
| Hydro ONE INC | 4.61% | 2034-01-31 | 6.35% | CA44810ZAD20 |
| Hydro-Quebec | 4.02% | 2035-01-16 | 6.50% | CA44889ZBF23 |
| Hydro-Quebec | 4.15% | 2035-02-15 | 6.50% | CA44889ZCM64 |
| Hydro ONE INC | 5.21% | 2039-03-03 | 6.03% | CA44810ZAX83 |
| Hydro-Quebec | 4.44% | 2040-02-15 | 6.00% | CA44889ZCN48 |
| 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 | 4.99% | 2060-02-15 | 2.10% | CA448814JC89 |
| Hydro-Quebec | 4.98% | 2063-02-15 | 4.00% | CA448814JD62 |
| Hydro-Quebec | 4.97% | 2065-02-15 | 4.00% | CA448814BQ57 |