Canadian Government Bond Yields (CAD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/cad-government
Canadian Government Bond Yields (CAD) as of 2026-07-27: 10Y at 3.61%, fitted curve 1M–40Y (2.43%–4.01%), 52 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 2.43% | — |
| 3M | 2.47% | 2.49% |
| 6M | 2.55% | 2.62% |
| 9M | 2.63% | 2.81% |
| 12M | 2.71% | 2.95% |
| 18M | 2.81% | 3.02% |
| 2Y | 2.88% | 3.09% |
| 3Y | 3.00% | 3.24% |
| 4Y | 3.11% | 3.45% |
| 5Y | 3.22% | 3.64% |
| 6Y | 3.32% | 3.80% |
| 7Y | 3.40% | 3.93% |
| 8Y | 3.48% | 4.03% |
| 9Y | 3.55% | 4.10% |
| 10Y | 3.61% | 4.16% |
| 15Y | 3.81% | 4.20% |
| 20Y | 3.89% | 4.15% |
| 25Y | 3.93% | 4.07% |
| 30Y | 3.94% | 4.03% |
| 40Y | 4.01% | 4.22% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 2.88% and the 10-year 3.61%, a 10Y−2Y spread of +73 bp — positively sloped — as of 2026-07-27. 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 | Latest2026-07-27 | 1m ago2026-06-26 | 2m ago2026-05-28 | 3m ago2026-04-28 | 4m ago2026-03-30 | 5m ago2026-02-27 | 6m ago2026-01-28 |
|---|---|---|---|---|---|---|---|
| 2Y | 2.88% | 2.79% | 2.87% | 2.83% | 2.93% | 2.39% | 2.57% |
| 10Y | 3.61% | 3.40% | 3.59% | 3.51% | 3.60% | 3.16% | 3.47% |
| 10Y − 2Y | +73 bp | +62 bp | +72 bp | +68 bp | +67 bp | +76 bp | +90 bp |
Bonds in this curve
A selection of 30 of the 53 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Canada | 2.50% | 2026-09-01 | 1.00% | CA135087L930 |
| Canada | 2.41% | 2026-11-01 | 3.25% | CA135087S398 |
| Canada | 2.56% | 2027-02-01 | 3.00% | CA135087S547 |
| Canada | 2.56% | 2027-05-01 | 2.75% | CA135087S885 |
| Canada | 2.79% | 2027-06-01 | 8.00% | CA135087VW17 |
| Canada | 2.66% | 2027-08-01 | 2.50% | CA135087T461 |
| Canada | 2.79% | 2027-08-24 | 3.25% | CA135087P733 |
| Canada | 2.79% | 2027-11-01 | 2.50% | CA135087T610 |
| Canada | 2.85% | 2028-02-01 | 2.25% | CA135087T958 |
| Canada | 2.91% | 2028-05-01 | 2.50% | CA135087U444 |
| Canada | 2.83% | 2028-06-01 | 2.00% | CA135087H235 |
| Canada | 3.06% | 2029-03-01 | 4.00% | CA135087Q988 |
| Canada | 2.87% | 2029-06-01 | 2.25% | CA135087J397 |
| Canada | 3.10% | 2030-03-01 | 2.75% | CA135087S471 |
| Canada | 3.05% | 2030-06-01 | 1.25% | CA135087K379 |
| Canada | 3.20% | 2031-03-01 | 2.75% | CA135087T792 |
| Canada | 3.26% | 2031-06-01 | 1.50% | CA135087M276 |
| Canada | 3.28% | 2032-03-01 | 3.00% | CA135087S968 |
| Canada | 3.31% | 2032-06-01 | 2.00% | CA135087N597 |
| Canada | 3.43% | 2033-06-01 | 2.75% | CA135087Q236 |
| Canada | 3.38% | 2033-06-01 | 5.75% | CA135087XG49 |
| Canada | 3.40% | 2034-03-01 | 3.50% | CA135087R713 |
| Canada | 3.43% | 2034-06-01 | 3.00% | CA135087R481 |
| Canada | 3.49% | 2035-06-01 | 3.25% | CA135087S620 |
| Canada | 3.54% | 2036-03-01 | 3.25% | CA135087U360 |
| Canada | 3.71% | 2041-06-01 | 4.00% | CA135087YQ12 |
| Canada | 3.84% | 2045-12-01 | 3.50% | CA135087ZS68 |
| Canada | 3.96% | 2051-12-01 | 2.00% | CA135087H722 |
| Canada | 3.95% | 2055-12-01 | 2.75% | CA135087P998 |
| Canada | 4.01% | 2064-12-01 | 2.75% | CA135087C939 |