Canada Investment Grade Corporate Bond Yields (USD)
Fitted spot curve as of 2026-10-26
https://bondscovery.com/yield-curve/usd-corporate-canada
Canada Investment Grade Corporate Bond Yields (USD) as of 2026-10-26: 10Y at 6.24%, fitted curve 1M–100Y (4.47%–6.49%), 745 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.47% | — |
| 3M | 4.54% | 4.58% |
| 6M | 4.66% | 4.90% |
| 9M | 4.79% | 5.20% |
| 12M | 4.90% | 5.20% |
| 18M | 5.06% | 5.46% |
| 2Y | 5.19% | 5.67% |
| 3Y | 5.41% | 5.98% |
| 4Y | 5.58% | 6.28% |
| 5Y | 5.73% | 6.48% |
| 6Y | 5.84% | 6.66% |
| 7Y | 5.95% | 6.90% |
| 8Y | 6.06% | 7.17% |
| 9Y | 6.16% | 7.35% |
| 10Y | 6.24% | 7.40% |
| 15Y | 6.49% | 7.47% |
| 20Y | 6.49% | 6.55% |
| 25Y | 6.38% | 5.42% |
| 30Y | 6.37% | 6.28% |
| 40Y | 6.37% | 6.48% |
| 100Y | 6.37% | 6.47% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 5.19% and the 10-year 6.24%, a 10Y−2Y spread of +105 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 | 5.19% | 5.28% | 4.64% | 4.79% | 4.61% | 4.52% | 4.40% |
| 10Y | 6.24% | 6.21% | 5.73% | 5.76% | 5.50% | 5.46% | 5.41% |
| 10Y − 2Y | +105 bp | +93 bp | +110 bp | +96 bp | +89 bp | +94 bp | +101 bp |
Yields by rating group
The same curve split by credit quality: 1553 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 4.79%, A+ to BBB- 5.59%.
Bonds in this curve
A selection of 30 of the 1553 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Canadian Pacific | 4.62% | 2026-12-02 | 1.75% | US13645RBE36 |
| Enbridge | 4.70% | 2026-12-01 | 4.25% | US29250NAL91 |
| RBC | 4.43% | 2027-01-19 | 4.88% | US78016HZT03 |
| Scotiabank | 4.05% | 2027-02-02 | 1.95% | US06417XAD30 |
| Nutrien | 5.02% | 2027-03-12 | 4.50% | US67077MBE75 |
| Enbridge | 5.09% | 2027-04-05 | 5.25% | US29250NCA19 |
| Cibc | 4.75% | 2027-06-28 | 5.24% | US13607L8C03 |
| Enbridge | 4.68% | 2027-07-15 | 3.70% | US29250NAR61 |
| Bank of Montreal | 4.84% | 2027-09-14 | 4.70% | US06368LAQ95 |
| Cppib | 4.68% | 2027-11-02 | 2.75% | US22411WAD83 |
| Bank of Montreal | 4.95% | 2028-02-01 | 5.20% | US06368LGV27 |
| Ontario Teachers | 4.79% | 2028-04-25 | 4.25% | USC69798AX11 |
| Couche-Tard | 5.24% | 2028-09-29 | 4.15% | USC0219CAR81 |
| PSP Capital | 4.82% | 2028-10-26 | 1.62% | US69376Q2B87 |
| Nova Chemicals | 6.04% | 2029-05-15 | 4.25% | USC67111AK77 |
| Cppib | 4.87% | 2029-11-01 | 2.00% | US22411WAK27 |
| Cppib | 4.91% | 2031-01-28 | 1.25% | US22411WAQ96 |
| Omers | 4.97% | 2031-03-26 | 4.75% | USC68012AK67 |
| PSP Capital | 4.95% | 2031-06-30 | 4.25% | US69376Q2F91 |
| Telus | 5.97% | 2032-05-13 | 3.40% | US87971MBW29 |
| CN Rail | 5.28% | 2033-11-01 | 5.85% | US136375DH23 |
| Canadian Natural | 5.78% | 2034-12-15 | 5.40% | USC18478AB03 |
| Couche-Tard | 5.85% | 2035-09-29 | 5.08% | USC0219CAS64 |
| CN Rail | 5.60% | 2036-06-01 | 6.20% | US136375BN19 |
| Thomson Reuters | 6.44% | 2040-04-15 | 5.85% | US884903BH70 |
| Manulife | 6.16% | 2046-03-04 | 5.38% | US56501RAD89 |
| Bell Canada | 6.31% | 2049-07-29 | 4.30% | US0778FPAB50 |
| Fairfax | 6.69% | 2055-03-15 | 6.10% | USC33461AK75 |
| TC Energy | 6.44% | 2063-08-15 | 6.71% | US19828TAD81 |
| Canadian Pacific | 6.31% | 2115-09-15 | 6.12% | US13645RAX26 |