Canada A–BBB Callable Banks Corporate Bond Yields (USD)
Fitted spot curve as of 2026-09-11
https://bondscovery.com/yield-curve/usd-corporate-a-bbb-banks-canada-callable
Canada A–BBB Callable Banks Corporate Bond Yields (USD) as of 2026-09-11: 10Y at 5.92%, fitted curve 1M–20Y (4.39%–6.30%), 206 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.39% | — |
| 3M | 4.44% | 4.47% |
| 6M | 4.55% | 4.75% |
| 9M | 4.66% | 5.03% |
| 12M | 4.75% | 5.03% |
| 18M | 4.88% | 5.20% |
| 2Y | 4.97% | 5.31% |
| 3Y | 5.11% | 5.49% |
| 4Y | 5.23% | 5.72% |
| 5Y | 5.34% | 5.92% |
| 6Y | 5.44% | 6.14% |
| 7Y | 5.56% | 6.58% |
| 8Y | 5.70% | 7.07% |
| 9Y | 5.82% | 7.25% |
| 10Y | 5.92% | 7.22% |
| 15Y | 6.19% | 7.23% |
| 20Y | 6.30% | 7.09% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.97% and the 10-year 5.92%, a 10Y−2Y spread of +95 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 | 4.97% | 4.75% | 4.86% | 4.59% | 4.60% | 4.48% | 4.26% |
| 10Y | 5.92% | 5.73% | 5.91% | 5.44% | 5.34% | 5.28% | 5.02% |
| 10Y − 2Y | +95 bp | +99 bp | +106 bp | +84 bp | +75 bp | +80 bp | +76 bp |
Bonds in this curve
A selection of 30 of the 632 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 | 4.58% | 2026-11-02 | 1.40% | US78016EZZ32 |
| Bank of Nova Scotia | 4.25% | 2026-12-07 | 5.35% | US06418JAA97 |
| Bank of Montreal | 4.39% | 2026-12-11 | 5.27% | US06368LC537 |
| Bank of Nova Scotia | 4.51% | 2027-02-02 | 1.95% | US06417XAD30 |
| Bank of Nova Scotia | 4.60% | 2027-03-11 | 2.95% | US06418BAE83 |
| Bank of Montreal | 4.65% | 2027-06-04 | 5.37% | US06368L3K06 |
| Bank of Nova Scotia | 4.69% | 2027-06-04 | 5.40% | US06418GAH02 |
| Royal Bank of Canada | 4.58% | 2027-08-03 | 4.24% | US78016FZS63 |
| Bank of Montreal | 4.45% | 2027-09-14 | 4.70% | US06368LAQ95 |
| Royal Bank of Canada | 4.81% | 2028-01-12 | 4.90% | US78016FZW75 |
| Toronto-Dominion Bank | 4.93% | 2028-01-13 | 3.91% | US89115KAK60 |
| Royal Bank of Canada | 4.90% | 2028-08-01 | 5.20% | US78016HZS20 |
| Bank of Montreal | 5.07% | 2028-09-25 | 5.72% | US06368LWU69 |
| Canadian Imperial Bank of Commerce | 5.14% | 2029-04-08 | 5.26% | US13608JAA51 |
| Bank of Nova Scotia | 5.14% | 2029-08-01 | 5.45% | US06418GAK31 |
| Royal Bank of Canada | 5.04% | 2030-04-17 | 4.40% | US78017DAT54 |
| Toronto-Dominion Bank | 5.26% | 2031-01-13 | 4.41% | US89115KAM27 |
| Bank of Montreal | 5.35% | 2031-06-04 | 5.51% | US06368L3L88 |
| Bank of Nova Scotia | 5.38% | 2031-08-01 | 2.15% | US0641594B99 |
| Canadian Imperial Bank of Commerce | 5.48% | 2032-04-07 | 3.60% | US13607HR535 |
| Royal Bank of Canada | 5.32% | 2032-05-03 | 4.61% | US78017DAV01 |
| Canadian Imperial Bank of Commerce | 5.65% | 2033-10-03 | 6.09% | US13607LWW98 |
| Bank of Nova Scotia | 5.64% | 2034-02-01 | 5.65% | US06418JAC53 |
| Bank of Montreal | 5.66% | 2034-05-15 | 5.65% | US06376A5P13 |
| National Bank of Canada | 5.73% | 2034-12-03 | 5.35% | US63305L3J01 |
| Royal Bank of Canada | 6.47% | 2035-11-16 | 6.38% | US78014RRS12 |
| Royal Bank of Canada | 5.72% | 2036-11-14 | 5.20% | US78014RTM24 |
| Royal Bank of Canada | 6.31% | 2043-09-15 | 6.05% | US78014RQH65 |
| Royal Bank of Canada | 6.49% | 2044-10-17 | 5.00% | US78014RRV41 |