Canada Callable Corporate Bond Yields (USD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-canada-callable
Canada Callable Corporate Bond Yields (USD) as of 2026-07-27: 10Y at 5.67%, fitted curve 1M–40Y (4.57%–6.86%), 564 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.57% | — |
| 3M | 4.59% | 4.61% |
| 6M | 4.64% | 4.68% |
| 9M | 4.69% | 4.79% |
| 12M | 4.74% | 4.91% |
| 18M | 4.85% | 5.05% |
| 2Y | 4.93% | 5.17% |
| 3Y | 5.04% | 5.28% |
| 4Y | 5.14% | 5.44% |
| 5Y | 5.24% | 5.62% |
| 6Y | 5.33% | 5.80% |
| 7Y | 5.42% | 5.96% |
| 8Y | 5.51% | 6.11% |
| 9Y | 5.59% | 6.24% |
| 10Y | 5.67% | 6.37% |
| 15Y | 5.99% | 6.64% |
| 20Y | 6.21% | 6.88% |
| 25Y | 6.37% | 7.00% |
| 30Y | 6.69% | 8.34% |
| 40Y | 6.86% | 7.36% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.93% and the 10-year 5.67%, a 10Y−2Y spread of +74 bp — positively sloped — as of 2026-07-27. 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 | Latest2026-07-27 | 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 | 4.93% | 4.76% | 4.64% | 4.66% | 4.62% | 4.19% | 4.20% |
| 10Y | 5.67% | 5.43% | 5.49% | 5.37% | 5.44% | 5.08% | 5.27% |
| 10Y − 2Y | +74 bp | +67 bp | +85 bp | +71 bp | +82 bp | +89 bp | +107 bp |
Yields by rating group
The same curve split by credit quality: 927 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 5.04%, A+ to BBB- 5.25%, Speculative 6.84%.
Bonds in this curve
A selection of 30 of the 934 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Bank of Nova Scotia | 4.88% | 2026-09-15 | 1.30% | US0641598K52 |
| CGI INC | 4.37% | 2026-09-14 | 1.45% | US12532HAC88 |
| Canadian Imperial Bank of Commerce | 4.01% | 2026-10-02 | 5.93% | US13607LWT69 |
| Enbridge INC | 4.57% | 2026-10-04 | 1.60% | US29250NBH70 |
| Royal Bank of Canada | 4.29% | 2027-01-21 | 2.05% | US78016EYV37 |
| Bank of Nova Scotia | 4.50% | 2027-02-02 | 1.95% | US06417XAD30 |
| Royal Bank of Canada | 4.82% | 2027-03-24 | 2.60% | USC7976PAD80 |
| Canadian Imperial Bank of Commerce | 4.55% | 2027-04-07 | 3.45% | US13607HR618 |
| Nutrien LTD | 4.67% | 2027-06-21 | 5.20% | US67077MBC10 |
| Enbridge INC | 5.09% | 2027-07-15 | 3.70% | US29250NAR61 |
| Royal Bank of Canada | 4.57% | 2028-01-12 | 4.90% | US78016FZW75 |
| Bank of Montreal | 4.72% | 2028-02-01 | 5.20% | US06368LGV27 |
| Transcanada Pipelines Limited | 4.67% | 2028-05-15 | 4.25% | US89352HAW97 |
| Canadian Pacific Railway | 4.86% | 2028-06-01 | 4.00% | US13645RAY09 |
| Rogers Communications INC | 5.13% | 2029-02-15 | 5.00% | US775109DE81 |
| Constellation Software INC | 5.16% | 2029-02-16 | 5.16% | USC2670XAA75 |
| Canadian Pacific Railway | 4.86% | 2030-03-05 | 2.05% | US13648TAA51 |
| Element Fleet Management Corp | 5.21% | 2030-03-25 | 5.04% | USC3318LAF88 |
| Enbridge INC | 5.12% | 2031-02-15 | 4.50% | US29250NCN30 |
| Canadian National Railway CO | 4.98% | 2031-03-12 | 4.20% | US136375DV17 |
| Brookfield Corporation | 5.18% | 2032-01-30 | 2.34% | US11272BAA17 |
| Royal Bank of Canada | 5.11% | 2033-02-01 | 5.00% | US78016FZX58 |
| Bank of Nova Scotia | 5.30% | 2034-02-01 | 5.65% | US06418JAC53 |
| Canadian Pacific Railway | 5.28% | 2035-03-30 | 5.20% | US13645RBK95 |
| First Quantum Minerals LTD | 6.85% | 2036-02-15 | 6.38% | USC3535CAT56 |
| Suncor Energy INC | 5.94% | 2039-06-01 | 6.85% | US86722TAB89 |
| Rogers Communications INC | 6.32% | 2044-03-15 | 5.00% | US775109BB60 |
| Nutrien LTD | 6.16% | 2049-04-01 | 5.00% | US67077MAU27 |
| Bell Canada | 6.30% | 2054-02-15 | 5.55% | US0778FPAN98 |
| Transcanada Pipelines Limited | 6.85% | 2065-06-01 | 7.00% | US89352HBG39 |