Canada A–BBB Banks Corporate Bond Yields (USD)
Fitted spot curve as of 2026-09-11
https://bondscovery.com/yield-curve/usd-corporate-a-bbb-banks-canada
Canada A–BBB Banks Corporate Bond Yields (USD) as of 2026-09-11: 10Y at 5.91%, fitted curve 1M–20Y (4.48%–6.27%), 234 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.48% | — |
| 3M | 4.52% | 4.53% |
| 6M | 4.57% | 4.72% |
| 9M | 4.62% | 4.84% |
| 12M | 4.67% | 4.84% |
| 18M | 4.78% | 5.07% |
| 2Y | 4.89% | 5.29% |
| 3Y | 5.08% | 5.56% |
| 4Y | 5.22% | 5.78% |
| 5Y | 5.33% | 5.91% |
| 6Y | 5.43% | 6.14% |
| 7Y | 5.56% | 6.60% |
| 8Y | 5.70% | 7.06% |
| 9Y | 5.81% | 7.22% |
| 10Y | 5.91% | 7.18% |
| 15Y | 6.17% | 7.15% |
| 20Y | 6.27% | 6.99% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.89% and the 10-year 5.91%, a 10Y−2Y spread of +102 bp — positively sloped — as of 2026-09-11. 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 | Latest2026-09-11 | 1m ago2026-08-12 | 2m ago2026-07-13 | 3m ago2026-06-12 | 4m ago2026-05-14 | 5m ago2026-04-14 | 6m ago2026-03-16 |
|---|---|---|---|---|---|---|---|
| 2Y | 4.89% | 4.71% | 4.70% | 4.55% | 4.50% | 4.43% | 4.22% |
| 10Y | 5.91% | 5.72% | 5.89% | 5.42% | 5.36% | 5.27% | 5.02% |
| 10Y − 2Y | +102 bp | +102 bp | +119 bp | +87 bp | +86 bp | +84 bp | +81 bp |
Bonds in this curve
A selection of 30 of the 676 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Bank of Montreal | 4.69% | 2026-10-29 | 1.50% | US06368G2A41 |
| Royal Bank of Canada | 4.62% | 2026-11-02 | 1.40% | US78016EZZ32 |
| Bank of Nova Scotia | 4.42% | 2026-12-07 | 5.35% | US06418JAA97 |
| Bank of Montreal | 4.73% | 2026-12-11 | 5.27% | US06368LC537 |
| Bank of Nova Scotia | 3.91% | 2027-02-02 | 1.95% | US06417XAD30 |
| Bank of Nova Scotia | 4.25% | 2027-03-11 | 2.95% | US06418BAE83 |
| Royal Bank of Canada | 4.32% | 2027-05-04 | 3.62% | US78016EZD20 |
| Bank of Montreal | 4.41% | 2027-06-04 | 5.37% | US06368L3K06 |
| Royal Bank of Canada | 4.54% | 2027-08-03 | 4.24% | US78016FZS63 |
| Federation des Caisses Desjardins du Quebec | 4.45% | 2027-08-23 | 4.55% | US31429KAH68 |
| Toronto-Dominion Bank | 5.10% | 2028-01-10 | 5.16% | US89115A2M37 |
| Royal Bank of Canada | 4.73% | 2028-01-12 | 4.90% | US78016FZW75 |
| Bank of Nova Scotia | 4.78% | 2028-06-12 | 5.25% | US06418GAD97 |
| Toronto-Dominion Bank | 4.89% | 2028-07-17 | 5.52% | US89115A2U52 |
| Toronto-Dominion Bank | 5.02% | 2029-04-05 | 4.99% | US89115A2Y74 |
| Canadian Imperial Bank of Commerce | 5.07% | 2029-04-08 | 5.26% | US13608JAA51 |
| Royal Bank of Canada | 5.03% | 2030-04-17 | 4.40% | US78017DAT54 |
| Toronto-Dominion Bank | 5.20% | 2030-06-03 | 4.81% | US89115KAB61 |
| Bank of Montreal | 5.40% | 2031-03-13 | 4.25% | US06376JWJ68 |
| Bank of Montreal | 5.43% | 2031-03-13 | 4.40% | US06376JWL15 |
| Royal Bank of Canada | 5.26% | 2032-03-30 | 4.00% | US78014RED89 |
| Canadian Imperial Bank of Commerce | 5.45% | 2032-04-07 | 3.60% | US13607HR535 |
| Toronto-Dominion Bank | 5.56% | 2033-04-22 | 4.87% | US89115KAR14 |
| Royal Bank of Canada | 5.61% | 2033-07-19 | 5.70% | US78014RPB05 |
| Bank of Montreal | 5.66% | 2034-05-15 | 5.65% | US06376A5P13 |
| National Bank of Canada | 5.73% | 2034-12-03 | 5.35% | US63305L3J01 |
| Toronto-Dominion Bank | 5.65% | 2035-10-15 | 4.93% | US89115KAJ97 |
| Royal Bank of Canada | 6.27% | 2039-02-16 | 5.50% | US78014RRK85 |
| Royal Bank of Canada | 6.26% | 2043-12-29 | 5.50% | US78014RUS74 |
| Royal Bank of Canada | 6.24% | 2044-03-28 | 5.62% | US78014RVP27 |