Canada AAA–AA Callable Corporate Bond Yields (USD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-aaa-aa-canada-callable
Canada AAA–AA Callable Corporate Bond Yields (USD) as of 2026-07-27: 10Y at 5.80%, fitted curve 1M–25Y (4.27%–5.87%), 34 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.27% | — |
| 3M | 4.28% | 4.29% |
| 6M | 4.30% | 4.31% |
| 9M | 4.31% | 4.34% |
| 12M | 4.33% | 4.38% |
| 18M | 4.37% | 4.46% |
| 2Y | 4.43% | 4.59% |
| 3Y | 4.58% | 4.88% |
| 4Y | 4.79% | 5.42% |
| 5Y | 5.04% | 6.03% |
| 6Y | 5.28% | 6.53% |
| 10Y | 5.80% | 6.57% |
| 15Y | 5.87% | 6.02% |
| 20Y | 5.87% | 5.89% |
| 25Y | 5.87% | 5.88% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.43% and the 10-year 5.80%, 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 | 4.43% | 4.41% | 4.34% | 4.25% | 4.24% | 3.92% | 4.18% |
| 10Y | 5.80% | — | — | 5.38% | 5.34% | 5.10% | — |
| 10Y − 2Y | +137 bp | — | — | +114 bp | +110 bp | +118 bp | — |
Bonds in this curve
A selection of 30 of the 114 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Ontario Teachers Finance Trust | 3.98% | 2026-09-21 | 0.88% | US68329AAK43 |
| Bank of Montreal | 5.95% | 2026-09-29 | 6.00% | US06375M4E22 |
| Federation des Caisses Desjardins du Quebec | 4.01% | 2026-10-14 | 1.20% | US31430WJB19 |
| 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 |
| Ontario Teachers Finance Trust | 4.14% | 2027-04-13 | 3.00% | US68329AAL26 |
| Ontario Teachers Finance Trust | 4.14% | 2027-04-13 | 3.00% | USC69798AQ69 |
| Toronto-Dominion Bank | 4.25% | 2027-04-20 | 3.30% | USC8888MTC21 |
| Toronto-Dominion Bank | 4.50% | 2027-07-16 | 4.81% | USC8888MBQ09 |
| Toronto-Dominion Bank | 4.33% | 2027-07-16 | 4.81% | US891160TE35 |
| Cppib Capital INC | 4.38% | 2027-10-08 | 3.75% | US22411WBC91 |
| National Bank of Canada | 4.67% | 2027-10-18 | 4.40% | US63305LT780 |
| Bank of Nova Scotia | 4.37% | 2028-03-20 | 4.30% | US06418BAK44 |
| Bank of Nova Scotia | 4.41% | 2028-03-20 | 4.30% | USC0574BAG35 |
| Omers Finance Trust | 4.29% | 2028-04-20 | 4.00% | US682142AJ37 |
| CDP Financial INC | 4.35% | 2028-07-25 | 4.25% | USC23264AV31 |
| Toronto-Dominion Bank | 4.51% | 2028-09-13 | 5.14% | USC8920GAA97 |
| Ontario Teachers Finance Trust | 4.58% | 2029-04-10 | 4.62% | USC69798AY93 |
| National Bank of Canada | 5.08% | 2029-09-14 | 5.00% | US63305LP986 |
| National Bank of Canada | 5.09% | 2029-10-30 | 5.05% | US63305LW743 |
| CDP Financial INC | 4.35% | 2030-01-24 | 4.62% | USC23264AZ45 |
| Ontario Teachers Finance Trust | 4.43% | 2030-09-27 | 1.25% | US68329AAH14 |
| CDP Financial INC | 4.57% | 2031-01-22 | 3.88% | US125094BL55 |
| Ontario Teachers Finance Trust | 4.60% | 2031-04-16 | 2.00% | USC69798AJ27 |
| National Bank of Canada | 5.41% | 2032-10-18 | 4.65% | US63305LT947 |
| 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 |