Canada Secured Callable Corporate Bond Yields (USD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-secured-canada-callable
Canada Secured Callable Corporate Bond Yields (USD) as of 2026-07-27: 10Y at 7.01%, fitted curve 1M–10Y (4.20%–7.01%), 43 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.20% | — |
| 3M | 4.36% | 4.43% |
| 6M | 4.60% | 4.85% |
| 9M | 4.86% | 5.37% |
| 18M | 5.61% | 6.36% |
| 2Y | 6.03% | 7.30% |
| 3Y | 6.58% | 7.70% |
| 4Y | 6.84% | 7.62% |
| 5Y | 6.94% | 7.36% |
| 6Y | 6.98% | 7.18% |
| 7Y | 7.00% | 7.09% |
| 8Y | 7.00% | 7.04% |
| 9Y | 7.01% | 7.02% |
| 10Y | 7.01% | 7.01% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 6.03% and the 10-year 7.01%, a 10Y−2Y spread of +98 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 | 6.03% | 7.57% | 6.37% | 6.20% | 6.24% | 7.46% | 6.21% |
| 10Y | 7.01% | 4.97% | 6.92% | 6.18% | 6.62% | 5.06% | 7.19% |
| 10Y − 2Y | +98 bp | -260 bp | +54 bp | -3 bp | +38 bp | -239 bp | +98 bp |
Yields by rating group
The same curve split by credit quality: 63 rated bonds across 3 rating bands, all maturities pooled. Median yield by band: AAA to AA- 4.19%, A+ to BBB- 5.29%, Speculative 7.29%.
Bonds in this curve
A selection of 30 of the 64 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| AIR Canada | 4.41% | 2026-08-15 | 3.88% | US008911BK48 |
| Royal Bank of Canada | 4.35% | 2026-11-02 | 1.40% | US78016EZZ32 |
| Royal Bank of Canada | 4.29% | 2027-01-21 | 2.05% | US78016EYV37 |
| Canadian Imperial Bank of Commerce | 4.33% | 2027-01-19 | 1.85% | USC24285N843 |
| Brookfield Corporation | 6.37% | 2027-04-01 | 4.50% | US11284DAC92 |
| Brookfield Corporation | 5.73% | 2027-04-01 | 4.50% | USU11128AC60 |
| Open Text Corp | 5.40% | 2027-12-01 | 6.90% | US683715AF36 |
| Open Text Corp | 5.57% | 2027-12-01 | 6.90% | USC6981BAD40 |
| 1011778 B C Unlimited Liability CO / NEW RED FIN INC | 5.24% | 2028-01-15 | 3.88% | US68245XAH26 |
| Bausch Health Companies INC | 9.34% | 2028-06-01 | 4.88% | USC07885AJ21 |
| Bausch Health Companies INC | 8.18% | 2028-10-01 | 8.38% | USC0787WAA39 |
| Bausch Health Companies INC | 9.86% | 2028-09-30 | 11.00% | US071734AQ04 |
| 1011778 B C Unlimited Liability CO / NEW RED FIN INC | 5.32% | 2029-02-15 | 3.50% | USC6900PAL34 |
| Saturn OIL & GAS INC | 7.71% | 2029-06-15 | 9.62% | US80412LAA52 |
| Great CDN Gaming Corp / Raptor CO-Issuer LLC | 8.29% | 2029-11-15 | 8.75% | US389925AA64 |
| Clarios Global LP / Clarios US FIN CO INC | 5.93% | 2030-02-15 | 6.75% | US18060TAD72 |
| Taseko Mines LTD | 7.11% | 2030-05-01 | 8.25% | USC8692MAD68 |
| Taseko Mines LTD | 6.94% | 2030-05-01 | 8.25% | US876511AG15 |
| Westjet Airlines LTD | 8.81% | 2031-02-14 | 8.00% | US96043UAA88 |
| Skeena Resources Limited | 7.34% | 2031-04-01 | 8.50% | US83056PAA12 |
| Royal Bank of Canada | 4.93% | 2031-11-03 | 2.30% | US78016EYH43 |
| Northriver Midstream Finance LP | 6.53% | 2032-07-15 | 6.75% | US66679NAB64 |
| Arclin Escrow Issuer INC | 10.65% | 2033-03-01 | 9.75% | US03881HAA86 |
| OAK-Eagle Acquireco INC | 6.62% | 2033-07-01 | 7.25% | US67124CAA18 |
| OAK-Eagle Acquireco INC | 6.65% | 2033-07-01 | 7.25% | USU6302XAA47 |
| Barrick Mining Corporation | 5.49% | 2034-11-15 | 5.80% | US06849VAA17 |
| Thomson Reuters Corp | 5.73% | 2035-08-15 | 5.50% | US884903AY13 |
| Barrick Mining Corporation | 5.39% | 2035-10-15 | 6.45% | US725906AN18 |
| Barrick Mining Corporation | 5.48% | 2036-10-15 | 6.35% | US06849AAB52 |
| Canadian National Railway CO | 5.28% | 2037-11-15 | 6.38% | US136375BQ40 |