RBC Bond Yields (USD, Callable)
Fitted spot curve as of 2026-09-25
https://bondscovery.com/yield-curve/usd-corporate-banks-canada-callable-rbc
RBC Bond Yields (USD, Callable) as of 2026-09-25: 10Y at 6.16%, fitted curve 9M–50Y (4.93%–6.67%), 88 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 9M | 4.93% | — |
| 18M | 5.06% | 5.23% |
| 2Y | 5.14% | 5.48% |
| 3Y | 5.31% | 5.74% |
| 4Y | 5.46% | 6.07% |
| 5Y | 5.61% | 6.38% |
| 6Y | 5.74% | 6.66% |
| 7Y | 5.86% | 6.90% |
| 8Y | 5.98% | 7.10% |
| 9Y | 6.07% | 7.27% |
| 10Y | 6.16% | 7.40% |
| 15Y | 6.45% | 7.58% |
| 20Y | 6.58% | 7.54% |
| 25Y | 6.64% | 7.33% |
| 50Y | 6.67% | 6.95% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 5.14% and the 10-year 6.16%, a 10Y−2Y spread of +102 bp — positively sloped — as of 2026-09-25. 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 | Latest2026-09-25 | 1m ago2026-08-26 | 2m ago2026-07-27 | 3m ago2026-06-26 | 4m ago2026-05-28 | 5m ago2026-04-28 | 6m ago2026-03-30 |
|---|---|---|---|---|---|---|---|
| 2Y | 5.14% | 4.67% | 4.82% | 4.44% | 4.33% | 4.25% | 4.28% |
| 10Y | 6.16% | — | — | — | — | — | — |
| 10Y − 2Y | +102 bp | — | — | — | — | — | — |
Yields by rating group
The same curve split by credit quality: 202 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 5.60%, A+ to BBB- 5.60%.
Bonds in this curve
A selection of 30 of the 202 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| RBC | 4.72% | 2027-08-03 | 4.24% | US78016FZS63 |
| RBC | 5.02% | 2028-01-12 | 4.90% | US78016FZW75 |
| RBC | 5.02% | 2028-08-01 | 5.20% | US78016HZS20 |
| RBC | 5.48% | 2028-08-15 | 4.45% | US78014RJ508 |
| RBC | 5.12% | 2029-01-24 | 4.96% | US78017DAA63 |
| RBC | 5.05% | 2029-08-06 | 4.50% | US78017DAK46 |
| RBC | 5.54% | 2029-10-17 | 4.25% | US78014RRM42 |
| RBC | 5.28% | 2029-10-31 | 4.50% | US78014RSR20 |
| RBC | 5.21% | 2030-04-17 | 4.40% | US78017DAT54 |
| RBC | 6.51% | 2030-12-16 | 4.25% | US78014RP794 |
| RBC | 6.50% | 2030-12-31 | 4.30% | US78014RGJ32 |
| RBC | 5.53% | 2031-09-30 | 4.38% | US78014RYL85 |
| RBC | 5.41% | 2031-11-03 | 4.30% | US78017DAQ16 |
| RBC | 5.50% | 2032-05-03 | 4.61% | US78017DAV01 |
| RBC | 5.90% | 2032-07-21 | 5.00% | US78014RG538 |
| RBC | 5.68% | 2033-02-01 | 5.00% | US78016FZX58 |
| RBC | 5.69% | 2033-04-18 | 5.55% | US78014RMD97 |
| RBC | 6.08% | 2033-05-16 | 5.45% | US78014RMT40 |
| RBC | 6.39% | 2033-06-30 | 5.75% | US78014RNU04 |
| RBC | 6.24% | 2034-06-14 | 5.65% | US78014RTU40 |
| RBC | 6.36% | 2035-11-16 | 6.38% | US78014RRS12 |
| RBC | 6.23% | 2035-11-30 | 6.25% | US78014RSJ04 |
| RBC | 6.29% | 2036-09-17 | 5.00% | US78014RYC86 |
| RBC | 6.62% | 2039-01-19 | 5.60% | US78014RWS56 |
| RBC | 6.78% | 2040-01-17 | 5.50% | US78014RVR82 |
| RBC | 6.33% | 2043-08-28 | 6.00% | US78014RPY08 |
| RBC | 6.64% | 2044-03-28 | 5.62% | US78014RVP27 |
| RBC | 6.83% | 2045-10-17 | 5.25% | US78014RL736 |
| RBC | 6.50% | 2049-10-04 | 4.91% | US78014RYY07 |
| RBC | 6.79% | 2086-05-24 | 6.50% | US780082BA05 |