Canada AAA–AA Corporate Bond Yields (USD)
Fitted spot curve as of 2026-10-26
https://bondscovery.com/yield-curve/usd-corporate-aaa-aa-canada
Canada AAA–AA Corporate Bond Yields (USD) as of 2026-10-26: 10Y at 6.36%, fitted curve 1M–30Y (4.43%–6.70%), 141 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.43% | — |
| 3M | 4.48% | 4.51% |
| 6M | 4.56% | 4.75% |
| 9M | 4.64% | 4.95% |
| 12M | 4.72% | 4.95% |
| 18M | 4.87% | 5.26% |
| 2Y | 5.01% | 5.52% |
| 3Y | 5.25% | 5.86% |
| 4Y | 5.47% | 6.31% |
| 5Y | 5.68% | 6.77% |
| 6Y | 5.87% | 7.12% |
| 7Y | 6.03% | 7.37% |
| 8Y | 6.16% | 7.53% |
| 9Y | 6.27% | 7.62% |
| 10Y | 6.36% | 7.66% |
| 15Y | 6.60% | 7.56% |
| 20Y | 6.67% | 7.25% |
| 25Y | 6.70% | 7.03% |
| 30Y | 6.70% | 6.91% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 5.01% and the 10-year 6.36%, a 10Y−2Y spread of +135 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 | 5.01% | 4.94% | 4.30% | 4.32% | 4.31% | 4.33% | 4.08% |
| 10Y | 6.36% | 6.19% | — | 5.84% | — | 5.36% | 5.37% |
| 10Y − 2Y | +135 bp | +125 bp | — | +152 bp | — | +102 bp | +128 bp |
Bonds in this curve
A selection of 30 of the 430 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Clarity Trust | 4.79% | 2026-11-12 | 0.00% | CA18063YYD70 |
| Prime Trust | 4.30% | 2026-11-19 | 0.00% | CA741952YL30 |
| Reliant Trust | 4.26% | 2027-01-20 | 0.00% | CA759951AM89 |
| CDP Financial | 4.29% | 2027-02-01 | 1.75% | US125094AX03 |
| Ridge Trust | 4.57% | 2027-03-15 | 0.00% | CA765914CG96 |
| Ontario Teachers | 4.42% | 2027-04-13 | 3.00% | USC69798AQ69 |
| Cppib | 4.54% | 2027-06-15 | 3.25% | US22411WAW64 |
| Toronto-Dominion Bank | 4.73% | 2027-07-16 | 4.81% | USC8888MBQ09 |
| Cppib | 4.68% | 2027-11-02 | 2.75% | US22411WAD83 |
| Cppib | 4.72% | 2027-11-02 | 2.75% | US22411VAD01 |
| Ontario Teachers | 4.79% | 2028-04-25 | 4.25% | USC69798AX11 |
| National Bank of Canada | 5.32% | 2028-07-16 | 4.55% | US63305TMS23 |
| National Bank of Canada | 5.04% | 2028-09-09 | 4.60% | US63305TTH94 |
| PSP Capital | 4.82% | 2028-10-26 | 1.62% | US69376Q2B87 |
| National Bank of Canada | 5.60% | 2029-06-24 | 4.75% | US63305THW99 |
| Cppib | 4.87% | 2029-11-01 | 2.00% | US22411WAK27 |
| Cppib | 4.91% | 2031-01-28 | 1.25% | US22411WAQ96 |
| Omers | 4.97% | 2031-03-26 | 4.75% | USC68012AK67 |
| National Bank of Canada | 5.79% | 2031-06-27 | 4.85% | US63305TME37 |
| PSP Capital | 4.95% | 2031-06-30 | 4.25% | US69376Q2F91 |
| National Bank of Canada | 5.69% | 2032-11-29 | 5.25% | US63305L2S19 |
| National Bank of Canada | 6.20% | 2033-10-06 | 6.00% | US63305LTP84 |
| Omers | 5.26% | 2033-11-15 | 5.50% | US682142AK00 |
| National Bank of Canada | 6.48% | 2034-12-23 | 5.25% | US63305L4E05 |
| Cibc | 6.49% | 2036-01-29 | 5.05% | US13609FEM23 |
| National Bank of Canada | 6.24% | 2036-06-27 | 5.25% | US63305TMG84 |
| National Bank of Canada | 6.53% | 2039-10-22 | 5.50% | US63305LV265 |
| National Bank of Canada | 6.76% | 2046-10-13 | 6.75% | US63305TWN26 |
| National Bank of Canada | 6.40% | 2051-07-31 | 5.60% | US63305TPZ39 |
| National Bank of Canada | 6.80% | 2056-09-30 | 6.70% | US63305TVL78 |