Canada 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-canada
Canada Investment Grade Utilities & Power Corporate Bond Yields (CAD) as of 2026-10-26: 10Y at 4.57%, fitted curve 1M–40Y (2.58%–4.95%), 49 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 2.58% | — |
| 3M | 2.63% | 2.66% |
| 2Y | 3.16% | 3.27% |
| 3Y | 3.42% | 4.01% |
| 4Y | 3.66% | 4.48% |
| 5Y | 3.87% | 4.88% |
| 6Y | 4.06% | 5.21% |
| 7Y | 4.22% | 5.45% |
| 8Y | 4.36% | 5.62% |
| 10Y | 4.57% | 5.75% |
| 15Y | 4.84% | 5.72% |
| 20Y | 4.93% | 5.45% |
| 25Y | 4.95% | 5.22% |
| 30Y | 4.95% | 4.99% |
| 40Y | 4.91% | 4.61% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.16% and the 10-year 4.57%, a 10Y−2Y spread of +141 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 | 3.16% | 3.20% | 3.03% | 2.90% | 2.90% | 2.99% | 2.88% |
| 10Y | 4.57% | 4.70% | — | — | — | 4.42% | — |
| 10Y − 2Y | +141 bp | +150 bp | — | — | — | +143 bp | — |
Yields by rating group
The same curve split by credit quality: 69 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 4.58%, A+ to BBB- 2.57%.
Bonds in this curve
A selection of 30 of the 69 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 |
| Nova Scotia Power | 2.92% | 2026-11-20 | 0.00% | CA669823YM21 |
| OPG | 2.33% | 2027-01-13 | 0.00% | CA68322AAE51 |
| Fortisbc Energy | 2.64% | 2027-01-21 | 0.00% | CA34990AAN87 |
| Lower Mattagami | 2.67% | 2027-01-20 | 0.00% | CA54790HAM57 |
| Hydro-Quebec | 3.29% | 2028-09-01 | 2.00% | CA44889ZFE12 |
| Hydro-Quebec | 3.55% | 2029-09-01 | 3.40% | CA44889ZFJ09 |
| Hydro ONE | 4.36% | 2030-06-03 | 7.35% | CA448810AC58 |
| Hydro-Quebec | 3.74% | 2031-08-15 | 6.00% | CA448814GY37 |
| Hydro ONE | 4.41% | 2032-06-01 | 6.93% | CA44810ZAB63 |
| Hydro-Quebec | 3.84% | 2032-09-01 | 3.55% | CA44889ZFP68 |
| Labrador Island Link Funding | 3.89% | 2033-06-01 | 3.76% | CA505443AA94 |
| Hydro-Quebec | 3.94% | 2033-09-01 | 3.60% | CA44889ZFQ42 |
| Hydro ONE | 4.50% | 2034-01-31 | 6.35% | CA44810ZAD20 |
| Hydro-Quebec | 4.32% | 2035-01-16 | 6.50% | CA44889ZBF23 |
| Hydro-Quebec | 4.13% | 2035-02-15 | 6.50% | CA44889ZCM64 |
| Hydro ONE | 4.98% | 2039-03-03 | 6.03% | CA44810ZAX83 |
| Hydro-Quebec | 4.58% | 2040-02-15 | 6.00% | CA44889ZCN48 |
| 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 |
| Hydro-Quebec | 5.00% | 2050-02-15 | 5.00% | CA448814JA24 |
| Canadian Utilities Limited | 5.35% | 2052-06-03 | 4.85% | CA136717BD69 |
| Labrador Island Link Funding | 4.83% | 2053-12-01 | 3.85% | CA505443AC50 |
| Hydro-Quebec | 4.93% | 2055-02-15 | 4.00% | CA4488148V86 |
| Hydro-Quebec | 4.89% | 2060-02-15 | 2.10% | CA448814JC89 |
| Hydro-Quebec | 4.97% | 2063-02-15 | 4.00% | CA448814JD62 |
| Hydro-Quebec | 4.91% | 2065-02-15 | 4.00% | CA448814BQ57 |