Royal Bank of Canada Bond Yields (USD)
Fitted spot curve as of 2026-09-11
https://bondscovery.com/yield-curve/usd-corporate-banks-canada-royal-bank-of-canada
Royal Bank of Canada Bond Yields (USD) as of 2026-09-11: 10Y at 5.97%, fitted curve 1M–20Y (4.67%–6.34%), 83 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.67% | — |
| 3M | 4.69% | 4.70% |
| 6M | 4.71% | 4.85% |
| 9M | 4.74% | 4.88% |
| 12M | 4.77% | 4.88% |
| 18M | 4.82% | 5.01% |
| 2Y | 4.89% | 5.15% |
| 3Y | 5.02% | 5.38% |
| 4Y | 5.17% | 5.73% |
| 5Y | 5.32% | 6.11% |
| 6Y | 5.47% | 6.47% |
| 7Y | 5.62% | 6.80% |
| 8Y | 5.75% | 7.07% |
| 9Y | 5.87% | 7.27% |
| 10Y | 5.97% | 7.38% |
| 15Y | 6.26% | 7.34% |
| 20Y | 6.34% | 6.95% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.89% and the 10-year 5.97%, a 10Y−2Y spread of +108 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 ago2026-06-12 | 4m ago2026-05-14 | 5m ago2026-04-14 | 6m ago2026-03-16 |
|---|---|---|---|---|---|---|---|
| 2Y | 4.89% | 4.57% | 4.59% | 4.47% | 4.44% | 4.25% | 4.15% |
| 10Y | 5.97% | — | — | — | — | — | — |
| 10Y − 2Y | +108 bp | — | — | — | — | — | — |
Yields by rating group
The same curve split by credit quality: 224 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 4.65%, A+ to BBB- 5.47%.
Bonds in this curve
A selection of 30 of the 224 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Royal Bank of Canada | 4.58% | 2026-11-02 | 1.40% | US78016EZZ32 |
| Royal Bank of Canada | 5.53% | 2026-12-14 | 4.85% | USC7976PAK24 |
| Royal Bank of Canada | 4.14% | 2027-01-21 | 2.05% | US78016EYV37 |
| Royal Bank of Canada | 5.07% | 2027-03-24 | 2.60% | USC7976PAD80 |
| Royal Bank of Canada | 4.67% | 2027-05-04 | 3.62% | US78016EZD20 |
| Royal Bank of Canada | 4.58% | 2027-08-03 | 4.24% | US78016FZS63 |
| Royal Bank of Canada | 4.73% | 2027-11-01 | 6.00% | US78016FZU10 |
| Royal Bank of Canada | 4.74% | 2027-12-13 | 4.55% | US78014RB745 |
| Royal Bank of Canada | 4.81% | 2028-01-12 | 4.90% | US78016FZW75 |
| Royal Bank of Canada | 4.90% | 2028-08-01 | 5.20% | US78016HZS20 |
| Royal Bank of Canada | 4.98% | 2029-01-24 | 4.96% | US78017DAA63 |
| Royal Bank of Canada | 4.89% | 2029-08-06 | 4.50% | US78017DAK46 |
| Royal Bank of Canada | 5.24% | 2029-09-17 | 4.50% | US78014RXY16 |
| Royal Bank of Canada | 5.04% | 2030-04-17 | 4.40% | US78017DAT54 |
| Royal Bank of Canada | 5.31% | 2031-02-04 | 5.15% | US78017DAC20 |
| Royal Bank of Canada | 5.28% | 2031-11-03 | 2.30% | US78016EYH43 |
| Royal Bank of Canada | 5.27% | 2031-11-03 | 4.30% | US78017DAQ16 |
| Royal Bank of Canada | 5.32% | 2032-05-03 | 4.61% | US78017DAV01 |
| Royal Bank of Canada | 5.43% | 2033-02-01 | 5.00% | US78016FZX58 |
| Royal Bank of Canada | 5.61% | 2033-07-19 | 5.70% | US78014RPB05 |
| Royal Bank of Canada | 5.44% | 2034-02-01 | 5.15% | US78016HZW32 |
| Royal Bank of Canada | 5.84% | 2034-07-31 | 5.30% | US78014RVQ00 |
| Royal Bank of Canada | 6.47% | 2035-11-16 | 6.38% | US78014RRS12 |
| Royal Bank of Canada | 6.01% | 2035-12-12 | 4.75% | US78014RQ370 |
| Royal Bank of Canada | 5.72% | 2036-11-14 | 5.20% | US78014RTM24 |
| Royal Bank of Canada | 6.00% | 2038-08-16 | 6.00% | US78014RPP90 |
| Royal Bank of Canada | 6.35% | 2039-03-15 | 5.75% | US78014RTK67 |
| Royal Bank of Canada | 6.31% | 2043-09-15 | 6.05% | US78014RQH65 |
| Royal Bank of Canada | 6.24% | 2044-03-28 | 5.62% | US78014RVP27 |
| Royal Bank of Canada | 6.49% | 2044-10-17 | 5.00% | US78014RRV41 |