Canada AAA–AA Corporate Bond Yields (USD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-aaa-aa-canada
Canada AAA–AA Corporate Bond Yields (USD) as of 2026-07-27: 10Y at 5.79%, fitted curve 1M–25Y (4.32%–5.87%), 65 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.32% | — |
| 3M | 4.32% | 4.33% |
| 6M | 4.34% | 4.35% |
| 9M | 4.35% | 4.37% |
| 12M | 4.36% | 4.40% |
| 18M | 4.39% | 4.44% |
| 2Y | 4.41% | 4.50% |
| 3Y | 4.48% | 4.62% |
| 4Y | 4.60% | 4.96% |
| 5Y | 4.80% | 5.61% |
| 6Y | 5.07% | 6.44% |
| 8Y | 5.57% | 7.06% |
| 10Y | 5.79% | 6.66% |
| 15Y | 5.86% | 6.02% |
| 20Y | 5.87% | 5.87% |
| 25Y | 5.87% | 5.87% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.41% and the 10-year 5.79%, a 10Y−2Y spread of +137 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 | 4.41% | 4.26% | 4.30% | 4.10% | 4.15% | 3.81% | 3.78% |
| 10Y | 5.79% | — | — | 5.36% | 5.29% | 5.17% | — |
| 10Y − 2Y | +137 bp | — | — | +126 bp | +113 bp | +135 bp | — |
Bonds in this curve
A selection of 30 of the 258 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Cppib Capital INC | 6.58% | 2026-09-09 | 0.88% | US22411WAT36 |
| Cppib Capital INC | 3.76% | 2026-09-09 | 0.88% | US22411VAU26 |
| Royal Bank of Canada | 6.63% | 2026-09-14 | 1.05% | USC7976PAC08 |
| Federation des Caisses Desjardins du Quebec | 4.01% | 2026-10-14 | 1.20% | US31430WJB19 |
| Federation des Caisses Desjardins du Quebec | 3.84% | 2026-10-19 | 0.00% | CA31428CXL13 |
| Federation des Caisses Desjardins du Quebec | 3.83% | 2026-10-22 | 0.00% | CA31428CXP27 |
| Royal Bank of Canada | 5.13% | 2026-12-14 | 4.85% | USC7976PAK24 |
| Canadian Imperial Bank of Commerce | 4.33% | 2027-01-19 | 1.85% | USC24285N843 |
| Bank of Nova Scotia | 4.77% | 2027-03-09 | 2.17% | USC0574BAB48 |
| Royal Bank of Canada | 4.82% | 2027-03-24 | 2.60% | USC7976PAD80 |
| National Bank of Canada | 4.26% | 2027-04-06 | 2.90% | USC60191BF63 |
| Toronto-Dominion Bank | 4.25% | 2027-04-20 | 3.30% | USC8888MTC21 |
| Toronto-Dominion Bank | 4.50% | 2027-07-16 | 4.81% | USC8888MBQ09 |
| Cppib Capital INC | 4.38% | 2027-10-08 | 3.75% | US22411WBC91 |
| Cppib Capital INC | 4.62% | 2027-11-02 | 2.75% | US22411WAD83 |
| Ontario Teachers Finance Trust | 4.62% | 2028-04-25 | 4.25% | USC69798AX11 |
| Bank of Montreal | 4.65% | 2028-06-28 | 4.69% | USC0623PAU24 |
| Toronto-Dominion Bank | 4.51% | 2028-09-13 | 5.14% | USC8920GAA97 |
| Ontario Teachers Finance Trust | 4.58% | 2029-04-10 | 4.62% | USC69798AY93 |
| Cppib Capital INC | 4.54% | 2029-11-01 | 2.00% | US22411WAK27 |
| CDP Financial INC | 4.57% | 2031-01-22 | 3.88% | US125094BL55 |
| Cppib Capital INC | 4.56% | 2031-01-28 | 1.25% | US22411WAQ96 |
| Omers Finance Trust | 4.63% | 2031-03-26 | 4.75% | USC68012AK67 |
| PSP Capital INC | 4.57% | 2031-06-30 | 4.25% | US69376Q2F91 |
| National Bank of Canada | 5.41% | 2032-10-18 | 4.65% | US63305LT947 |
| Royal Bank of Canada | 5.71% | 2034-01-29 | 5.40% | CA780086Y248 |
| National Bank of Canada | 5.67% | 2037-02-05 | 5.65% | US63305MAN11 |
| National Bank of Canada | 6.16% | 2039-05-15 | 6.15% | US63305LB283 |
| Canadian Imperial Bank of Commerce | 6.14% | 2046-03-20 | 5.40% | US13609FHC14 |
| Omers Finance Trust | 5.78% | 2052-04-19 | 4.00% | US682142AH70 |