Canada AAA–AA Banks Corporate Bond Yields (USD)
Fitted spot curve as of 2026-09-11
https://bondscovery.com/yield-curve/usd-corporate-aaa-aa-banks-canada
Canada AAA–AA Banks Corporate Bond Yields (USD) as of 2026-09-11: 10Y at 5.90%, fitted curve 1M–30Y (4.17%–6.25%), 83 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.17% | — |
| 3M | 4.21% | 4.23% |
| 6M | 4.28% | 4.43% |
| 9M | 4.34% | 4.57% |
| 12M | 4.40% | 4.57% |
| 2Y | 4.64% | 4.95% |
| 3Y | 4.86% | 5.42% |
| 4Y | 5.07% | 5.86% |
| 5Y | 5.27% | 6.26% |
| 6Y | 5.45% | 6.67% |
| 7Y | 5.62% | 7.04% |
| 8Y | 5.76% | 7.06% |
| 9Y | 5.84% | 6.80% |
| 10Y | 5.90% | 6.79% |
| 15Y | 6.13% | 7.03% |
| 20Y | 6.22% | 6.82% |
| 25Y | 6.24% | 6.60% |
| 30Y | 6.25% | 6.47% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.64% and the 10-year 5.90%, a 10Y−2Y spread of +126 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 | 4.64% | 4.52% | 4.63% | 4.40% | 4.43% | 4.33% | 3.99% |
| 10Y | 5.90% | — | 5.24% | 5.41% | 5.34% | 5.32% | 5.15% |
| 10Y − 2Y | +126 bp | — | +61 bp | +101 bp | +92 bp | +100 bp | +116 bp |
Bonds in this curve
A selection of 30 of the 283 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Bank of Nova Scotia | 3.86% | 2026-10-13 | 1.19% | US06418BAA61 |
| Federation des Caisses Desjardins du Quebec | 3.95% | 2026-10-14 | 1.20% | US31430WJB19 |
| Royal Bank of Canada | 5.41% | 2026-12-14 | 4.85% | USC7976PAK24 |
| Toronto-Dominion Bank | 4.08% | 2027-01-05 | 0.00% | CA890924A528 |
| Bank of Nova Scotia | 4.88% | 2027-03-09 | 2.17% | USC0574BAB48 |
| Royal Bank of Canada | 5.02% | 2027-03-24 | 2.60% | USC7976PAD80 |
| Toronto-Dominion Bank | 4.41% | 2027-07-16 | 4.81% | US891160TE35 |
| Toronto-Dominion Bank | 4.55% | 2027-07-16 | 4.81% | USC8888MBQ09 |
| Bank of Montreal | 4.45% | 2027-08-23 | 4.45% | US06367DWK70 |
| National Bank of Canada | 5.24% | 2027-10-29 | 4.80% | US63305LV752 |
| National Bank of Canada | 4.80% | 2028-08-28 | 4.55% | US63305TSD99 |
| National Bank of Canada | 4.76% | 2028-09-09 | 4.60% | US63305TTH94 |
| National Bank of Canada | 5.09% | 2029-07-08 | 4.80% | US63305TLK06 |
| National Bank of Canada | 4.83% | 2029-08-31 | 4.85% | US63305TSJ69 |
| National Bank of Canada | 5.01% | 2030-12-09 | 4.40% | US63305MZW45 |
| National Bank of Canada | 5.30% | 2031-08-18 | 5.10% | US63305TSE72 |
| National Bank of Canada | 5.41% | 2031-08-28 | 5.30% | US63305TSF48 |
| National Bank of Canada | 5.20% | 2032-10-18 | 4.65% | US63305LT947 |
| National Bank of Canada | 5.78% | 2033-03-06 | 5.30% | US63305MDE84 |
| National Bank of Canada | 6.00% | 2033-10-06 | 6.00% | US63305LTP84 |
| National Bank of Canada | 5.90% | 2034-04-24 | 5.75% | US63305LZD80 |
| National Bank of Canada | 5.73% | 2034-10-17 | 4.70% | US63305LU275 |
| National Bank of Canada | 5.99% | 2035-05-06 | 5.65% | US63305MHC82 |
| National Bank of Canada | 5.92% | 2036-07-16 | 5.55% | US63305TMX18 |
| National Bank of Canada | 5.88% | 2036-07-24 | 5.65% | US63305TPH31 |
| National Bank of Canada | 6.11% | 2039-04-04 | 6.00% | US63305LYN71 |
| Bank of Montreal | 5.84% | 2041-09-10 | 5.84% | XS3498880841 |
| National Bank of Canada | 6.32% | 2045-01-24 | 6.05% | US63305L7E77 |
| National Bank of Canada | 5.79% | 2051-07-31 | 5.60% | US63305TPZ39 |
| National Bank of Canada | 6.32% | 2056-07-22 | 6.25% | US63305TND45 |