Canadian Government Bond Yields (CAD)
Fitted spot curve as of 2026-10-26
https://bondscovery.com/yield-curve/cad-government
Canadian Government Bond Yields (CAD) as of 2026-10-26: 10Y at 3.82%, fitted curve 3M–40Y (2.56%–4.11%), 55 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 3M | 2.56% | — |
| 6M | 2.67% | 2.82% |
| 9M | 2.82% | 3.31% |
| 12M | 2.98% | 3.31% |
| 18M | 3.17% | 3.61% |
| 2Y | 3.29% | 3.68% |
| 3Y | 3.43% | 3.76% |
| 4Y | 3.48% | 3.67% |
| 5Y | 3.52% | 3.74% |
| 6Y | 3.57% | 3.91% |
| 7Y | 3.62% | 3.97% |
| 8Y | 3.67% | 4.12% |
| 9Y | 3.74% | 4.46% |
| 10Y | 3.82% | 4.75% |
| 15Y | 4.00% | 4.54% |
| 20Y | 4.05% | 4.32% |
| 25Y | 4.10% | 4.52% |
| 30Y | 4.11% | 4.28% |
| 40Y | 4.11% | 4.17% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 3.29% and the 10-year 3.82%, a 10Y−2Y spread of +53 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 | 3.29% | 3.37% | 2.95% | 2.91% | 2.76% | 2.84% | 2.91% |
| 10Y | 3.82% | 3.98% | 3.70% | 3.59% | 3.40% | 3.46% | 3.54% |
| 10Y − 2Y | +53 bp | +60 bp | +74 bp | +68 bp | +64 bp | +61 bp | +64 bp |
Bonds in this curve
A selection of 30 of the 55 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Canada | 2.60% | 2027-02-01 | 3.00% | CA135087S547 |
| Canada | 2.56% | 2027-03-01 | 1.25% | CA135087M847 |
| Canada | 2.66% | 2027-05-01 | 2.75% | CA135087S885 |
| Canada | 2.74% | 2027-06-01 | 1.00% | CA135087F825 |
| Canada | 2.82% | 2027-08-01 | 2.50% | CA135087T461 |
| Canada | 2.82% | 2027-08-24 | 3.25% | CA135087P733 |
| Canada | 3.02% | 2027-11-01 | 2.50% | CA135087T610 |
| Canada | 3.14% | 2028-02-01 | 2.25% | CA135087T958 |
| Canada | 3.18% | 2028-06-01 | 2.00% | CA135087H235 |
| Canada | 3.27% | 2028-08-01 | 2.75% | CA135087U774 |
| Canada | 3.40% | 2029-03-01 | 4.00% | CA135087Q988 |
| Canada | 3.39% | 2029-06-01 | 2.25% | CA135087J397 |
| Canada | 3.44% | 2029-09-01 | 3.50% | CA135087R895 |
| Canada | 3.50% | 2030-06-01 | 1.25% | CA135087K379 |
| Canada | 3.50% | 2030-12-01 | 0.50% | CA135087L443 |
| Canada | 3.51% | 2031-06-01 | 1.50% | CA135087M276 |
| Canada | 3.59% | 2032-03-01 | 3.00% | CA135087S968 |
| Canada | 3.57% | 2032-06-01 | 2.00% | CA135087N597 |
| Canada | 3.53% | 2032-12-01 | 2.50% | CA135087P329 |
| Canada | 3.60% | 2033-06-01 | 2.75% | CA135087Q236 |
| Canada | 3.61% | 2033-06-01 | 5.75% | CA135087XG49 |
| Canada | 3.67% | 2034-06-01 | 3.00% | CA135087R481 |
| Canada | 3.68% | 2034-12-01 | 3.25% | CA135087S216 |
| Canada | 3.78% | 2035-12-01 | 3.25% | CA135087T537 |
| Canada | 3.87% | 2037-06-01 | 5.00% | CA135087XW98 |
| Canada | 4.03% | 2041-06-01 | 4.00% | CA135087YQ12 |
| Canada | 4.06% | 2048-12-01 | 2.75% | CA135087D358 |
| Canada | 4.11% | 2051-12-01 | 2.00% | CA135087H722 |
| Canada | 4.10% | 2056-12-01 | 3.50% | CA135087T875 |
| Canada | 4.11% | 2064-12-01 | 2.75% | CA135087C939 |