Canada Non-Callable Corporate Bond Yields (USD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-canada-non-callable
Canada Non-Callable Corporate Bond Yields (USD) as of 2026-07-27: 10Y at 5.67%, fitted curve 1M–30Y (4.48%–6.27%), 60 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.48% | — |
| 3M | 4.49% | 4.49% |
| 6M | 4.50% | 4.51% |
| 9M | 4.51% | 4.53% |
| 12M | 4.52% | 4.56% |
| 18M | 4.55% | 4.61% |
| 2Y | 4.59% | 4.69% |
| 3Y | 4.67% | 4.83% |
| 4Y | 4.77% | 5.07% |
| 5Y | 4.89% | 5.39% |
| 6Y | 5.03% | 5.75% |
| 7Y | 5.19% | 6.14% |
| 8Y | 5.35% | 6.51% |
| 10Y | 5.67% | 6.92% |
| 15Y | 6.13% | 7.05% |
| 30Y | 6.27% | 6.42% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.59% and the 10-year 5.67%, a 10Y−2Y spread of +108 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 | 4.59% | 4.44% | 4.41% | 4.16% | 4.28% | 3.87% | 3.92% |
| 10Y | 5.67% | — | 5.40% | 5.27% | 5.47% | — | 5.23% |
| 10Y − 2Y | +108 bp | — | +99 bp | +111 bp | +119 bp | — | +131 bp |
Yields by rating group
The same curve split by credit quality: 83 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 4.32%, A+ to BBB- 4.83%.
Bonds in this curve
A selection of 30 of the 84 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Cppib Capital INC | 6.58% | 2026-09-09 | 0.88% | US22411WAT36 |
| 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 |
| Toronto-Dominion Bank | 4.57% | 2027-04-05 | 4.98% | US89115A2W19 |
| 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 |
| Cppib Capital INC | 4.62% | 2027-11-02 | 2.75% | US22411WAD83 |
| Bank of Montreal | 4.65% | 2028-06-28 | 4.69% | USC0623PAU24 |
| Toronto-Dominion Bank | 4.79% | 2028-07-17 | 5.52% | US89115A2U52 |
| Royal Bank of Canada | 4.68% | 2029-02-01 | 4.95% | US78016HZV58 |
| Canadian Pacific Railway | 4.94% | 2029-03-15 | 4.00% | US13645RBP82 |
| Bank of Nova Scotia | 4.89% | 2030-02-01 | 4.85% | US06417XAP69 |
| Cppib Capital INC | 4.56% | 2031-01-28 | 1.25% | US22411WAQ96 |
| Omers Finance Trust | 4.63% | 2031-03-26 | 4.75% | USC68012AK67 |
| PSP Capital INC | 4.57% | 2031-06-30 | 4.25% | US69376Q2F91 |
| Suncor Energy INC | 5.15% | 2032-02-01 | 7.15% | US867229AC03 |
| Suncor Energy INC | 5.38% | 2033-07-15 | 5.35% | US716442AH16 |
| Royal Bank of Canada | 5.71% | 2034-01-29 | 5.40% | CA780086Y248 |
| Fairfax Financial Holdings LTD | 6.05% | 2037-07-15 | 7.75% | US303901AE28 |
| Transcanada Pipelines Limited | 5.79% | 2038-08-15 | 7.25% | US89352HAE99 |
| Nutrien LTD | 5.77% | 2040-12-01 | 5.62% | US67077MAG33 |
| Barrick Mining Corporation | 5.87% | 2041-05-30 | 5.70% | US06849RAG74 |
| Fairfax Financial Holdings LTD | 6.52% | 2055-03-15 | 6.10% | USC33461AK75 |
| Brookfield Corporation | 6.31% | 2055-09-15 | 6.08% | US112586AB85 |