Canada Non-Callable Corporate Bond Yields (USD)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/usd-corporate-canada-non-callable
Canada Non-Callable Corporate Bond Yields (USD) as of 2026-09-10: 10Y at 5.70%, fitted curve 1M–30Y (4.42%–6.60%), 65 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.42% | — |
| 3M | 4.45% | 4.46% |
| 6M | 4.48% | 4.62% |
| 9M | 4.52% | 4.68% |
| 12M | 4.55% | 4.68% |
| 18M | 4.63% | 4.84% |
| 2Y | 4.70% | 4.99% |
| 3Y | 4.84% | 5.22% |
| 4Y | 4.98% | 5.52% |
| 5Y | 5.12% | 5.82% |
| 6Y | 5.25% | 6.11% |
| 7Y | 5.37% | 6.38% |
| 9Y | 5.60% | 6.76% |
| 10Y | 5.70% | 7.10% |
| 15Y | 6.11% | 7.63% |
| 30Y | 6.60% | 8.21% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.70% and the 10-year 5.70%, a 10Y−2Y spread of +100 bp — positively sloped — as of 2026-09-10. 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 | Latest2026-09-10 | 1m ago2026-08-11 | 2m ago2026-07-13 | 3m ago2026-06-12 | 4m ago2026-05-13 | 5m ago2026-04-13 | 6m ago2026-03-13 |
|---|---|---|---|---|---|---|---|
| 2Y | 4.70% | 4.54% | 4.56% | 4.43% | 4.27% | 4.19% | 3.96% |
| 10Y | 5.70% | 5.64% | 5.50% | 5.40% | 5.40% | 5.36% | 5.16% |
| 10Y − 2Y | +100 bp | +110 bp | +94 bp | +96 bp | +113 bp | +116 bp | +120 bp |
Yields by rating group
The same curve split by credit quality: 102 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 4.59%, A+ to BBB- 5.02%, Speculative 5.49%.
Bonds in this curve
A selection of 30 of the 102 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Bank of Nova Scotia | 3.86% | 2026-10-13 | 1.19% | US06418BAA61 |
| Toronto-Dominion Bank | 4.63% | 2026-12-11 | 5.26% | US89115A2V36 |
| Royal Bank of Canada | 5.41% | 2026-12-14 | 4.85% | USC7976PAK24 |
| Toronto-Dominion Bank | 4.54% | 2026-12-17 | 4.57% | US89115A3A89 |
| Toronto-Dominion Bank | 4.49% | 2027-04-05 | 4.98% | US89115A2W19 |
| National Bank of Canada | 3.81% | 2027-04-06 | 2.90% | USC60191BF63 |
| National Bank of Canada | 4.25% | 2027-04-06 | 2.90% | US633469AB74 |
| Royal Bank of Canada | 4.56% | 2027-05-04 | 3.62% | US78016EZD20 |
| Toronto-Dominion Bank | 4.59% | 2027-09-15 | 4.69% | US89115A2H42 |
| Cppib Capital INC | 4.75% | 2027-11-02 | 2.75% | US22411WAD83 |
| Royal Bank of Canada | 4.64% | 2027-11-01 | 6.00% | US78016FZU10 |
| Toronto-Dominion Bank | 4.85% | 2028-01-10 | 5.16% | US89115A2M37 |
| Ontario Teachers Finance Trust | 4.75% | 2028-04-25 | 4.25% | USC69798AX11 |
| Toronto-Dominion Bank | 4.93% | 2028-07-17 | 5.52% | US89115A2U52 |
| Toronto-Dominion Bank | 4.88% | 2028-10-13 | 4.11% | US89115KAE01 |
| Toronto-Dominion Bank | 5.05% | 2029-04-05 | 4.99% | US89115A2Y74 |
| Toronto-Dominion Bank | 5.10% | 2029-04-23 | 4.36% | US89115KAP57 |
| Toronto-Dominion Bank | 5.12% | 2030-06-03 | 4.81% | US89115KAB61 |
| Cppib Capital INC | 4.79% | 2031-01-28 | 1.25% | US22411WAQ96 |
| Omers Finance Trust | 4.85% | 2031-03-26 | 4.75% | USC68012AK67 |
| PSP Capital INC | 4.80% | 2031-06-30 | 4.25% | US69376Q2F91 |
| Royal Bank of Canada | 5.26% | 2032-03-30 | 4.00% | US78014RED89 |
| Toronto-Dominion Bank | 5.55% | 2033-04-22 | 4.87% | US89115KAR14 |
| Suncor Energy INC | 5.52% | 2033-07-15 | 5.35% | US716442AH16 |
| Toronto-Dominion Bank | 5.65% | 2035-10-15 | 4.93% | US89115KAJ97 |
| National Bank of Canada | 5.68% | 2036-08-27 | 5.55% | US63305TTL07 |
| Nutrien LTD | 5.86% | 2036-12-01 | 5.88% | US67077MAF59 |
| Barrick Mining Corporation | 6.08% | 2041-05-30 | 5.70% | US06849RAG74 |
| Bank of Montreal | 5.84% | 2041-09-10 | 5.84% | XS3498880841 |
| Fairfax Financial Holdings LTD | 6.61% | 2055-03-15 | 6.10% | USC33461AK75 |