Royal Bank of Canada Bond Yields (USD, Callable)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/usd-corporate-banks-canada-callable-royal-bank-of-canada
Royal Bank of Canada Bond Yields (USD, Callable) as of 2026-09-10: 10Y at 5.93%, fitted curve 1M–25Y (4.57%–6.39%), 73 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.57% | — |
| 3M | 4.60% | 4.61% |
| 6M | 4.63% | 4.78% |
| 12M | 4.71% | 4.84% |
| 18M | 4.78% | 5.00% |
| 2Y | 4.86% | 5.17% |
| 3Y | 5.02% | 5.43% |
| 4Y | 5.17% | 5.78% |
| 5Y | 5.33% | 6.12% |
| 6Y | 5.47% | 6.44% |
| 7Y | 5.61% | 6.72% |
| 8Y | 5.73% | 6.95% |
| 9Y | 5.84% | 7.13% |
| 10Y | 5.93% | 7.26% |
| 15Y | 6.23% | 7.37% |
| 20Y | 6.35% | 7.17% |
| 25Y | 6.39% | 6.89% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.86% and the 10-year 5.93%, a 10Y−2Y spread of +107 bp — positively sloped — as of 2026-09-10. 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 | Latest2026-09-10 | 1m ago2026-08-11 | 2m ago2026-07-13 | 3m ago2026-06-12 | 4m ago2026-05-13 | 5m ago2026-04-13 | 6m ago2026-03-13 |
|---|---|---|---|---|---|---|---|
| 2Y | 4.86% | 4.68% | 4.66% | 4.55% | 4.46% | 4.22% | 4.20% |
| 10Y | 5.93% | — | — | — | — | — | — |
| 10Y − 2Y | +107 bp | — | — | — | — | — | — |
Yields by rating group
The same curve split by credit quality: 207 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 5.02%, A+ to BBB- 5.51%.
Bonds in this curve
A selection of 30 of the 207 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Royal Bank of Canada | 4.62% | 2026-11-02 | 1.40% | US78016EZZ32 |
| Royal Bank of Canada | 4.30% | 2027-01-21 | 2.05% | US78016EYV37 |
| Royal Bank of Canada | 5.02% | 2027-03-24 | 2.60% | USC7976PAD80 |
| Royal Bank of Canada | 4.43% | 2027-08-03 | 4.24% | US78016FZS63 |
| Royal Bank of Canada | 4.74% | 2027-12-13 | 4.55% | US78014RB745 |
| Royal Bank of Canada | 4.68% | 2028-01-12 | 4.90% | US78016FZW75 |
| Royal Bank of Canada | 5.31% | 2028-05-30 | 4.50% | US78014RB414 |
| Royal Bank of Canada | 5.49% | 2028-07-18 | 4.45% | US78014RF969 |
| Royal Bank of Canada | 4.95% | 2028-07-31 | 4.50% | US78014RD808 |
| Royal Bank of Canada | 4.76% | 2028-08-01 | 5.20% | US78016HZS20 |
| Royal Bank of Canada | 4.78% | 2029-08-06 | 4.50% | US78017DAK46 |
| Royal Bank of Canada | 5.58% | 2030-01-17 | 5.00% | US78014RVM95 |
| Royal Bank of Canada | 4.99% | 2030-04-17 | 4.40% | US78017DAT54 |
| Royal Bank of Canada | 5.27% | 2031-02-04 | 5.15% | US78017DAC20 |
| Royal Bank of Canada | 5.24% | 2031-11-03 | 2.30% | US78016EYH43 |
| Royal Bank of Canada | 5.16% | 2031-11-03 | 4.30% | US78017DAQ16 |
| Royal Bank of Canada | 5.20% | 2032-05-03 | 4.61% | US78017DAV01 |
| Royal Bank of Canada | 5.32% | 2033-02-01 | 5.00% | US78016FZX58 |
| Royal Bank of Canada | 5.52% | 2033-04-28 | 5.50% | US78014RMJ67 |
| Royal Bank of Canada | 5.33% | 2034-02-01 | 5.15% | US78016HZW32 |
| Royal Bank of Canada | 5.84% | 2034-07-31 | 5.30% | US78014RVQ00 |
| Royal Bank of Canada | 6.37% | 2035-11-16 | 6.38% | US78014RRS12 |
| Royal Bank of Canada | 6.01% | 2035-12-12 | 4.75% | US78014RQ370 |
| Royal Bank of Canada | 6.00% | 2038-08-16 | 6.00% | US78014RPP90 |
| Royal Bank of Canada | 6.27% | 2039-02-16 | 5.50% | US78014RRK85 |
| Royal Bank of Canada | 6.25% | 2043-12-15 | 6.00% | US78014RUA66 |
| Royal Bank of Canada | 6.26% | 2043-12-29 | 5.50% | US78014RUS74 |
| Royal Bank of Canada | 6.24% | 2044-03-28 | 5.62% | US78014RVP27 |
| Royal Bank of Canada | 6.49% | 2044-10-17 | 5.00% | US78014RRV41 |
| Royal Bank of Canada | 6.55% | 2049-10-04 | 4.91% | US78014RYY07 |