Canada Secured Corporate Bond Yields (USD)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/usd-corporate-secured-canada
Canada Secured Corporate Bond Yields (USD) as of 2026-09-10: 10Y at 6.00%, fitted curve 1M–10Y (4.16%–6.00%), 71 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.16% | — |
| 3M | 4.32% | 4.40% |
| 6M | 4.55% | 4.89% |
| 9M | 4.77% | 5.47% |
| 12M | 4.97% | 5.47% |
| 18M | 5.30% | 6.08% |
| 2Y | 5.54% | 6.41% |
| 3Y | 5.82% | 6.53% |
| 4Y | 5.93% | 6.42% |
| 5Y | 5.97% | 6.27% |
| 6Y | 5.99% | 6.18% |
| 7Y | 6.00% | 6.13% |
| 8Y | 6.00% | 6.11% |
| 9Y | 6.00% | 6.10% |
| 10Y | 6.00% | 6.09% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 5.54% and the 10-year 6.00%, a 10Y−2Y spread of +46 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 | 5.54% | 6.14% | 6.19% | 6.21% | 6.47% | 5.87% | 5.14% |
| 10Y | 6.00% | 6.88% | 6.84% | — | 5.75% | 5.88% | 5.37% |
| 10Y − 2Y | +46 bp | +74 bp | +65 bp | — | -72 bp | +1 bp | +23 bp |
Yields by rating group
The same curve split by credit quality: 98 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 4.34%, A+ to BBB- 5.55%, Speculative 7.08%.
Bonds in this curve
A selection of 30 of the 99 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Bank of Nova Scotia | 3.86% | 2026-10-13 | 1.19% | US06418BAA61 |
| Federation des Caisses Desjardins du Quebec | 3.95% | 2026-10-14 | 1.20% | US31430WJB19 |
| Royal Bank of Canada | 4.62% | 2026-11-02 | 1.40% | US78016EZZ32 |
| Royal Bank of Canada | 5.41% | 2026-12-14 | 4.85% | USC7976PAK24 |
| Royal Bank of Canada | 4.30% | 2027-01-21 | 2.05% | US78016EYV37 |
| Bank of Nova Scotia | 4.88% | 2027-03-09 | 2.17% | USC0574BAB48 |
| Royal Bank of Canada | 5.02% | 2027-03-24 | 2.60% | USC7976PAD80 |
| Brookfield Corporation | 6.58% | 2027-04-01 | 4.50% | US11284DAC92 |
| Royal Bank of Canada | 4.56% | 2027-05-04 | 3.62% | US78016EZD20 |
| Open Text Corp | 5.61% | 2027-12-01 | 6.90% | US683715AF36 |
| 1011778 B C Unlimited Liability CO / NEW RED FIN INC | 5.03% | 2028-01-15 | 3.88% | US68245XAH26 |
| Bausch Health Companies INC | 7.55% | 2028-06-01 | 4.88% | US071734AN72 |
| Bausch Health Companies INC | 7.71% | 2028-06-01 | 4.88% | USC07885AJ21 |
| Toronto-Dominion Bank | 4.64% | 2028-09-13 | 5.14% | USC8920GAA97 |
| Bausch Health Companies INC | 8.33% | 2028-10-01 | 8.38% | USC0787WAA39 |
| Nova Chemicals Corporation | 7.17% | 2028-11-15 | 8.50% | US66977WAT62 |
| Primo Water Holdings INC / Triton Water Holdings INC | 6.19% | 2029-04-01 | 6.25% | US74168RAC79 |
| Primo Water Holdings INC / Triton Water Holdings INC | 5.24% | 2029-04-30 | 4.38% | US74168RAB96 |
| Jones Deslauriers INS Mgmt INC | 7.69% | 2030-03-15 | 8.50% | US48020RAB15 |
| Taseko Mines LTD | 7.00% | 2030-05-01 | 8.25% | USC8692MAD68 |
| Skeena Resources Limited | 7.11% | 2031-04-01 | 8.50% | US83056PAA12 |
| Royal Bank of Canada | 5.24% | 2031-11-03 | 2.30% | US78016EYH43 |
| Northriver Midstream Finance LP | 6.33% | 2032-07-15 | 6.75% | US66679NAB64 |
| Arclin Escrow Issuer INC | 9.55% | 2033-03-01 | 9.75% | US03881HAA86 |
| OAK-Eagle Acquireco INC | 6.65% | 2033-07-01 | 7.25% | US67124CAA18 |
| OAK-Eagle Acquireco INC | 6.75% | 2033-07-01 | 7.25% | USU6302XAA47 |
| Barrick Mining Corporation | 5.61% | 2034-11-15 | 5.80% | US06849VAA17 |
| Barrick Mining Corporation | 5.66% | 2035-10-15 | 6.45% | US725906AN18 |
| Barrick Mining Corporation | 5.77% | 2036-10-15 | 6.35% | US06849AAB52 |
| Canadian National Railway CO | 5.42% | 2037-11-15 | 6.38% | US136375BQ40 |