Canada AAA–AA Non-Callable Corporate Bond Yields (USD)
Fitted spot curve as of 2026-09-11
https://bondscovery.com/yield-curve/usd-corporate-aaa-aa-canada-non-callable
Canada AAA–AA Non-Callable Corporate Bond Yields (USD) as of 2026-09-11: 10Y at 5.53%, fitted curve 1M–15Y (3.82%–5.87%), 24 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 3.82% | — |
| 3M | 3.92% | 3.97% |
| 6M | 4.10% | 4.36% |
| 12M | 4.36% | 4.68% |
| 18M | 4.47% | 4.75% |
| 2Y | 4.54% | 4.82% |
| 3Y | 4.66% | 4.97% |
| 4Y | 4.77% | 5.20% |
| 5Y | 4.89% | 5.51% |
| 10Y | 5.53% | 6.52% |
| 15Y | 5.87% | 7.09% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.54% and the 10-year 5.53%, a 10Y−2Y spread of +99 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 ago2026-06-03 | 4m ago2026-05-14 | 5m ago2026-04-10 | 6m ago2026-03-16 |
|---|---|---|---|---|---|---|---|
| 2Y | 4.54% | 4.41% | 4.56% | 4.28% | 4.24% | 4.07% | 3.95% |
| 10Y | 5.53% | — | — | — | 5.28% | — | — |
| 10Y − 2Y | +99 bp | — | — | — | +104 bp | — | — |
Bonds in this curve
A selection of 30 of the 55 bonds behind this curve, spread across maturities. Greyed rows carry an older quote.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Bank of Nova Scotia | 3.86% | 2026-10-13 | 1.19% | US06418BAA61 |
| Royal Bank of Canada | 4.10% | 2026-12-14 | 4.85% | US780082AQ65 |
| Royal Bank of Canada | 5.41% | 2026-12-14 | 4.85% | USC7976PAK24 |
| National Bank of Canada | 3.81% | 2027-04-06 | 2.90% | USC60191BF63 |
| National Bank of Canada | 4.25% | 2027-04-06 | 2.90% | US633469AB74 |
| Cppib Capital INC | 4.09% | 2027-06-15 | 3.25% | US22411VAX64 |
| Cppib Capital INC | 4.11% | 2027-06-15 | 3.25% | US22411WAW64 |
| Cppib Capital INC | 4.75% | 2027-11-02 | 2.75% | US22411WAD83 |
| Cppib Capital INC | 4.41% | 2027-11-02 | 2.75% | US22411VAD01 |
| Ontario Teachers Finance Trust | 4.75% | 2028-04-25 | 4.25% | USC69798AX11 |
| Royal Bank of Canada | 4.77% | 2028-05-14 | 4.15% | XS2993461701 |
| PSP Capital INC | 4.71% | 2028-10-26 | 1.62% | US69376Q2B87 |
| Ontario Teachers Finance Trust | 4.47% | 2029-04-10 | 4.62% | US68329AAQ13 |
| Cppib Capital INC | 4.69% | 2029-08-26 | 4.25% | US22411WBJ45 |
| National Bank of Canada | 4.69% | 2029-08-31 | 4.60% | US63305TSL16 |
| Cppib Capital INC | 4.43% | 2029-08-26 | 4.25% | US22411VBJ61 |
| Cppib Capital INC | 4.73% | 2029-11-01 | 2.00% | US22411WAK27 |
| Canadian Imperial Bank of Commerce | 4.65% | 2030-01-14 | 4.88% | US13607PVU55 |
| Cppib Capital INC | 4.79% | 2031-01-28 | 1.25% | US22411WAQ96 |
| Omers Finance Trust | 4.85% | 2031-03-26 | 4.75% | USC68012AK67 |
| PSP Capital INC | 4.80% | 2031-06-30 | 4.25% | US69376Q2F91 |
| Omers Finance Trust | 4.70% | 2031-07-22 | 4.00% | US68218TAB70 |
| National Bank of Canada | 4.75% | 2031-08-31 | 4.85% | US63305TSM98 |
| Royal Bank of Canada | 4.87% | 2031-09-14 | 4.80% | US780082BC60 |
| Royal Bank of Canada | 4.84% | 2031-09-14 | 4.80% | USC7976PAM89 |
| Omers Finance Trust | 4.37% | 2032-04-19 | 3.50% | USC68012AF72 |
| Royal Bank of Canada | 5.71% | 2034-01-29 | 5.40% | CA780086Y248 |
| Bank of Montreal | 5.65% | 2036-09-09 | 5.65% | XS3498880684 |
| Bank of Montreal | 5.65% | 2036-09-11 | 5.65% | XS3501987849 |
| Bank of Montreal | 5.84% | 2041-09-10 | 5.84% | XS3498880841 |