Canada Investment Grade Banks Corporate Bond Yields (USD)
Fitted spot curve as of 2026-10-26
https://bondscovery.com/yield-curve/usd-corporate-banks-canada
Canada Investment Grade Banks Corporate Bond Yields (USD) as of 2026-10-26: 10Y at 6.42%, fitted curve 1M–30Y (4.42%–6.78%), 387 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.42% | — |
| 3M | 4.51% | 4.56% |
| 6M | 4.68% | 4.96% |
| 9M | 4.84% | 5.32% |
| 12M | 4.97% | 5.32% |
| 18M | 5.13% | 5.54% |
| 2Y | 5.25% | 5.73% |
| 3Y | 5.48% | 6.06% |
| 4Y | 5.68% | 6.48% |
| 5Y | 5.86% | 6.82% |
| 6Y | 6.02% | 7.08% |
| 7Y | 6.15% | 7.26% |
| 8Y | 6.26% | 7.39% |
| 9Y | 6.35% | 7.47% |
| 10Y | 6.42% | 7.54% |
| 15Y | 6.71% | 7.88% |
| 20Y | 6.78% | 7.32% |
| 25Y | 6.68% | 5.66% |
| 30Y | 6.66% | 6.53% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 5.25% and the 10-year 6.42%, a 10Y−2Y spread of +117 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 | 5.25% | 5.18% | 4.61% | 4.72% | 4.53% | 4.45% | 4.33% |
| 10Y | 6.42% | 6.14% | 5.75% | 5.63% | 5.44% | 5.48% | 5.33% |
| 10Y − 2Y | +117 bp | +96 bp | +114 bp | +91 bp | +91 bp | +103 bp | +99 bp |
Yields by rating group
The same curve split by credit quality: 1004 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 5.66%, A+ to BBB- 5.41%.
Bonds in this curve
A selection of 30 of the 1004 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Scotiabank | 4.45% | 2026-12-07 | 5.35% | US06418JAA97 |
| Bank of Montreal | 4.30% | 2026-12-11 | 5.27% | US06368LC537 |
| RBC | 4.43% | 2027-01-19 | 4.88% | US78016HZT03 |
| Scotiabank | 4.05% | 2027-02-02 | 1.95% | US06417XAD30 |
| Toronto-Dominion Bank | 4.50% | 2027-04-05 | 4.98% | US89115A2W19 |
| Cibc | 4.62% | 2027-04-07 | 3.45% | US13607HR618 |
| Cibc | 4.75% | 2027-06-28 | 5.24% | US13607L8C03 |
| Toronto-Dominion Bank | 5.34% | 2027-07-16 | 1.32% | US89114TMM17 |
| Bank of Montreal | 4.84% | 2027-09-14 | 4.70% | US06368LAQ95 |
| Toronto-Dominion Bank | 4.90% | 2027-09-15 | 4.69% | US89115A2H42 |
| Bank of Montreal | 4.95% | 2028-02-01 | 5.20% | US06368LGV27 |
| Toronto-Dominion Bank | 5.01% | 2028-01-31 | 4.86% | US89115A3E02 |
| RBC | 4.92% | 2028-08-01 | 5.20% | US78016HZS20 |
| National Bank of Canada | 5.04% | 2028-09-09 | 4.60% | US63305TTH94 |
| National Bank of Canada | 5.60% | 2029-06-24 | 4.75% | US63305THW99 |
| Toronto-Dominion Bank | 5.40% | 2029-07-17 | 4.60% | US89115JCU51 |
| Bank of Montreal | 6.04% | 2030-05-23 | 5.00% | US06376DN757 |
| Toronto-Dominion Bank | 5.37% | 2030-06-03 | 4.81% | US89115KAB61 |
| Desjardins | 5.64% | 2031-05-27 | 5.02% | US31429KAQ67 |
| Bank of Montreal | 5.31% | 2031-06-04 | 5.51% | US06368L3L88 |
| Toronto-Dominion Bank | 5.56% | 2032-06-08 | 4.46% | US89115A2E11 |
| Bank of Montreal | 6.00% | 2032-10-26 | 6.00% | US06376MJ624 |
| Bank of Montreal | 5.99% | 2033-06-15 | 5.10% | US06376LZS86 |
| Bank of Montreal | 6.28% | 2034-09-25 | 5.00% | US06376BN389 |
| Toronto-Dominion Bank | 5.85% | 2035-10-15 | 4.93% | US89115KAJ97 |
| Bank of Montreal | 6.45% | 2036-06-16 | 5.35% | US06376LZV16 |
| RBC | 6.30% | 2039-04-29 | 6.00% | US78014RYK03 |
| Cibc | 6.74% | 2046-03-05 | 5.30% | US13609FGZ18 |
| National Bank of Canada | 6.40% | 2051-07-31 | 5.60% | US63305TPZ39 |
| National Bank of Canada | 6.80% | 2056-09-30 | 6.70% | US63305TVL78 |