Canada Non-Callable Banks Corporate Bond Yields (USD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-banks-canada-non-callable
Canada Non-Callable Banks Corporate Bond Yields (USD) as of 2026-07-27: 8Y at 5.52%, fitted curve 1M–8Y (4.56%–5.52%), 30 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.56% | — |
| 3M | 4.57% | 4.57% |
| 6M | 4.58% | 4.59% |
| 9M | 4.59% | 4.62% |
| 12M | 4.60% | 4.65% |
| 18M | 4.64% | 4.70% |
| 2Y | 4.68% | 4.79% |
| 3Y | 4.78% | 4.99% |
| 4Y | 4.92% | 5.33% |
| 5Y | 5.08% | 5.72% |
| 8Y | 5.52% | 6.25% |
2Y, 10Y and the 10Y−2Y spread over time
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 | 4.68% | 4.45% | 4.46% | 4.28% | 4.34% | 3.92% | 3.98% |
| 10Y | — | — | — | — | 5.35% | — | — |
| 10Y − 2Y | — | — | — | — | +102 bp | — | — |
Yields by rating group
The same curve split by credit quality: 43 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 4.37%, A+ to BBB- 4.74%.
Bonds in this curve
A selection of 30 of the 44 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Toronto-Dominion Bank | 4.75% | 2026-09-10 | 1.25% | US89114TZG02 |
| Royal Bank of Canada | 6.63% | 2026-09-14 | 1.05% | USC7976PAC08 |
| Toronto-Dominion Bank | 4.76% | 2026-12-11 | 5.26% | US89115A2V36 |
| Royal Bank of Canada | 5.13% | 2026-12-14 | 4.85% | USC7976PAK24 |
| Toronto-Dominion Bank | 4.45% | 2026-12-17 | 4.57% | US89115A3A89 |
| Toronto-Dominion Bank | 4.35% | 2027-01-12 | 1.95% | US89114TZN52 |
| Royal Bank of Canada | 4.42% | 2027-01-19 | 4.88% | US78016HZT03 |
| Toronto-Dominion Bank | 4.57% | 2027-04-05 | 4.98% | US89115A2W19 |
| National Bank of Canada | 4.26% | 2027-04-06 | 2.90% | USC60191BF63 |
| Royal Bank of Canada | 4.52% | 2027-05-04 | 3.62% | US78016EZD20 |
| Federation des Caisses Desjardins du Quebec | 4.38% | 2027-08-23 | 4.55% | US31429KAH68 |
| Toronto-Dominion Bank | 4.60% | 2027-09-15 | 4.69% | US89115A2H42 |
| Royal Bank of Canada | 4.46% | 2027-11-01 | 6.00% | US78016FZU10 |
| Toronto-Dominion Bank | 4.70% | 2028-01-10 | 5.16% | US89115A2M37 |
| Federation des Caisses Desjardins du Quebec | 4.70% | 2028-05-26 | 4.50% | US31429KAR41 |
| Bank of Montreal | 4.65% | 2028-06-28 | 4.69% | USC0623PAU24 |
| Toronto-Dominion Bank | 4.79% | 2028-07-17 | 5.52% | US89115A2U52 |
| National Bank of Canada | 4.74% | 2028-12-18 | 5.60% | US63307A2X29 |
| Royal Bank of Canada | 4.68% | 2029-02-01 | 4.95% | US78016HZV58 |
| Toronto-Dominion Bank | 4.85% | 2029-04-05 | 4.99% | US89115A2Y74 |
| Federation des Caisses Desjardins du Quebec | 4.83% | 2029-04-26 | 5.25% | US31429KAL70 |
| National Bank of Canada | 4.89% | 2029-10-10 | 4.50% | US63307A3B99 |
| Toronto-Dominion Bank | 4.80% | 2029-12-17 | 4.78% | US89115A3C46 |
| Canadian Imperial Bank of Commerce | 4.44% | 2030-01-14 | 4.88% | USC2428PBN09 |
| Bank of Nova Scotia | 4.89% | 2030-02-01 | 4.85% | US06417XAP69 |
| Federation des Caisses Desjardins du Quebec | 4.98% | 2030-08-26 | 4.57% | US31429KAP84 |
| Federation des Caisses Desjardins du Quebec | 5.05% | 2031-05-27 | 5.02% | US31429KAQ67 |
| Toronto-Dominion Bank | 4.82% | 2031-09-10 | 2.00% | US89114TZJ41 |
| Toronto-Dominion Bank | 5.01% | 2032-01-12 | 2.45% | US89114TZQ83 |
| Royal Bank of Canada | 5.71% | 2034-01-29 | 5.40% | CA780086Y248 |