Canada AAA–AA Senior Unsecured Banks Corporate Bond Yields (USD)
Fitted spot curve as of 2026-07-31
https://bondscovery.com/yield-curve/usd-corporate-senior-unsecured-aaa-aa-banks-canada
Canada AAA–AA Senior Unsecured Banks Corporate Bond Yields (USD) as of 2026-07-31: 8Y at 5.68%, fitted curve 1M–20Y (4.36%–6.11%), 29 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.36% | — |
| 3M | 4.40% | 4.41% |
| 6M | 4.45% | 4.50% |
| 9M | 4.50% | 4.61% |
| 12M | 4.56% | 4.71% |
| 18M | 4.66% | 4.87% |
| 2Y | 4.76% | 5.07% |
| 3Y | 4.96% | 5.35% |
| 6Y | 5.45% | 5.94% |
| 8Y | 5.68% | 6.37% |
| 20Y | 6.11% | 6.41% |
2Y, 10Y and the 10Y−2Y spread over time
Fitted 2Y and 10Y yields and their spread, sampled one build date per month. See all inverted curves today →
| Tenor | Latest2026-07-31 | 1m ago2026-07-03 | 2m ago2026-06-01 | 3m ago2026-05-01 | 4m ago2026-04-02 | 5m ago2026-03-03 | 6m ago2026-02-02 |
|---|---|---|---|---|---|---|---|
| 2Y | 4.76% | 4.51% | 4.46% | 4.46% | 4.39% | 3.97% | 4.22% |
| 10Y | — | 5.17% | 5.47% | 5.45% | 5.43% | 5.42% | — |
| 10Y − 2Y | — | +66 bp | +101 bp | +99 bp | +105 bp | +144 bp | — |
Bonds in this curve
A selection of 30 of the 99 bonds behind this curve, spread across maturities. Greyed rows carry an older quote.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Royal Bank of Canada | 6.71% | 2026-09-14 | 1.05% | USC7976PAC08 |
| Royal Bank of Canada | 4.08% | 2026-09-14 | 1.05% | US780082AH66 |
| Bank of Montreal | 5.95% | 2026-09-29 | 6.00% | US06375M4E22 |
| Federation des Caisses Desjardins du Quebec | 4.01% | 2026-10-14 | 1.20% | US31430WJB19 |
| Bank of Nova Scotia | 4.69% | 2027-03-09 | 2.17% | USC0574BAB48 |
| Bank of Nova Scotia | 3.82% | 2027-03-09 | 2.17% | US06418BAB45 |
| Royal Bank of Canada | 4.79% | 2027-03-24 | 2.60% | USC7976PAD80 |
| Toronto-Dominion Bank | 4.25% | 2027-04-20 | 3.30% | US891160TB95 |
| Toronto-Dominion Bank | 4.25% | 2027-04-20 | 3.30% | USC8888MTC21 |
| Toronto-Dominion Bank | 4.45% | 2027-07-16 | 4.81% | USC8888MBQ09 |
| Toronto-Dominion Bank | 4.35% | 2027-07-16 | 4.81% | US891160TE35 |
| National Bank of Canada | 5.00% | 2027-09-15 | 5.05% | US63305LPB35 |
| National Bank of Canada | 4.57% | 2027-10-18 | 4.40% | US63305LT780 |
| National Bank of Canada | 4.77% | 2027-10-29 | 4.80% | US63305LV752 |
| Bank of Nova Scotia | 4.44% | 2028-03-20 | 4.30% | US06418BAK44 |
| Bank of Montreal | 4.60% | 2028-06-28 | 4.69% | USC0623PAU24 |
| National Bank of Canada | 4.93% | 2028-10-16 | 4.40% | US63305LU762 |
| Royal Bank of Canada | 4.37% | 2029-04-06 | 4.14% | USC79875AA54 |
| National Bank of Canada | 5.08% | 2029-09-14 | 5.00% | US63305LP986 |
| National Bank of Canada | 5.11% | 2029-10-17 | 4.60% | US63305LT863 |
| National Bank of Canada | 5.09% | 2029-10-30 | 5.05% | US63305LW743 |
| Canadian Imperial Bank of Commerce | 4.44% | 2030-01-14 | 4.88% | USC2428PBN09 |
| National Bank of Canada | 4.79% | 2030-04-17 | 4.65% | US63305M6Y23 |
| National Bank of Canada | 5.36% | 2032-10-18 | 4.65% | US63305LT947 |
| Royal Bank of Canada | 5.71% | 2034-01-29 | 5.40% | CA780086Y248 |
| National Bank of Canada | 5.77% | 2034-08-30 | 5.05% | US63305LN825 |
| National Bank of Canada | 5.55% | 2034-10-17 | 4.70% | US63305LU275 |
| National Bank of Canada | 5.55% | 2034-11-13 | 5.50% | US63305L2D40 |
| National Bank of Canada | 5.93% | 2035-01-29 | 5.70% | US63305L6Q17 |
| Canadian Imperial Bank of Commerce | 6.14% | 2046-03-20 | 5.40% | US13609FHC14 |