Canada A–BBB Banks Corporate Bond Yields (USD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-a-bbb-banks-canada
Canada A–BBB Banks Corporate Bond Yields (USD) as of 2026-07-27: 10Y at 5.51%, fitted curve 1M–15Y (4.46%–5.64%), 130 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.46% | — |
| 3M | 4.48% | 4.50% |
| 6M | 4.52% | 4.55% |
| 9M | 4.55% | 4.62% |
| 12M | 4.59% | 4.69% |
| 18M | 4.66% | 4.80% |
| 2Y | 4.73% | 4.94% |
| 3Y | 4.87% | 5.15% |
| 4Y | 5.00% | 5.40% |
| 5Y | 5.12% | 5.61% |
| 6Y | 5.23% | 5.77% |
| 7Y | 5.32% | 5.88% |
| 8Y | 5.40% | 5.94% |
| 9Y | 5.46% | 5.97% |
| 10Y | 5.51% | 5.97% |
| 15Y | 5.64% | 5.90% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.73% and the 10-year 5.51%, a 10Y−2Y spread of +79 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 | 4.73% | 4.53% | 4.49% | 4.37% | 4.43% | 3.94% | 4.04% |
| 10Y | 5.51% | 5.47% | 5.57% | 5.39% | 5.28% | 5.06% | 5.11% |
| 10Y − 2Y | +79 bp | +93 bp | +108 bp | +103 bp | +85 bp | +112 bp | +107 bp |
Bonds in this curve
A selection of 30 of the 336 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Toronto-Dominion Bank | 4.75% | 2026-09-10 | 1.25% | US89114TZG02 |
| Bank of Nova Scotia | 4.88% | 2026-09-15 | 1.30% | US0641598K52 |
| Canadian Imperial Bank of Commerce | 4.01% | 2026-10-02 | 5.93% | US13607LWT69 |
| Royal Bank of Canada | 4.35% | 2026-11-02 | 1.40% | US78016EZZ32 |
| Toronto-Dominion Bank | 4.45% | 2026-12-17 | 4.57% | US89115A3A89 |
| Toronto-Dominion Bank | 4.35% | 2027-01-12 | 1.95% | US89114TZN52 |
| Canadian Imperial Bank of Commerce | 4.55% | 2027-04-07 | 3.45% | US13607HR618 |
| Toronto-Dominion Bank | 4.57% | 2027-04-05 | 4.98% | US89115A2W19 |
| Royal Bank of Canada | 4.39% | 2027-08-03 | 4.24% | US78016FZS63 |
| Toronto-Dominion Bank | 4.60% | 2027-09-15 | 4.69% | US89115A2H42 |
| Royal Bank of Canada | 4.46% | 2027-11-01 | 6.00% | US78016FZU10 |
| Toronto-Dominion Bank | 4.70% | 2028-01-10 | 5.16% | US89115A2M37 |
| Bank of Nova Scotia | 4.67% | 2028-06-12 | 5.25% | US06418GAD97 |
| Toronto-Dominion Bank | 4.79% | 2028-07-17 | 5.52% | US89115A2U52 |
| Royal Bank of Canada | 4.68% | 2029-02-01 | 4.95% | US78016HZV58 |
| Toronto-Dominion Bank | 4.85% | 2029-04-05 | 4.99% | US89115A2Y74 |
| Bank of Nova Scotia | 4.89% | 2030-02-01 | 4.85% | US06417XAP69 |
| Toronto-Dominion Bank | 5.12% | 2030-02-14 | 5.10% | US89114XH554 |
| Bank of Montreal | 5.06% | 2031-06-04 | 5.51% | US06368L3L88 |
| Bank of Nova Scotia | 5.03% | 2031-08-01 | 2.15% | US0641594B99 |
| Bank of Nova Scotia | 5.04% | 2032-02-02 | 2.45% | US06417XAE13 |
| Canadian Imperial Bank of Commerce | 5.14% | 2032-04-07 | 3.60% | US13607HR535 |
| Royal Bank of Canada | 5.11% | 2033-02-01 | 5.00% | US78016FZX58 |
| Canadian Imperial Bank of Commerce | 5.32% | 2033-10-03 | 6.09% | US13607LWW98 |
| Bank of Nova Scotia | 5.30% | 2034-02-01 | 5.65% | US06418JAC53 |
| Royal Bank of Canada | 5.11% | 2034-02-01 | 5.15% | US78016HZW32 |
| Canadian Imperial Bank of Commerce | 5.64% | 2035-05-16 | 5.45% | US13607XXJ17 |
| Canadian Imperial Bank of Commerce | 5.45% | 2035-07-11 | 5.40% | US13607XY439 |
| Bank of Nova Scotia | 5.19% | 2037-05-04 | 4.59% | US06417XAG60 |
| Bank of Montreal | 5.91% | 2039-10-11 | 5.00% | US06376BNJ34 |