Canada AAA–AA Senior Unsecured Banks Corporate Bond Yields (USD)
Fitted spot curve as of 2026-09-15
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 2026-09-15: 10Y at 6.08%, fitted curve 9M–30Y (4.72%–6.25%), 59 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 9M | 4.72% | — |
| 12M | 4.73% | 4.80% |
| 2Y | 4.80% | 4.94% |
| 3Y | 4.91% | 5.21% |
| 4Y | 5.06% | 5.63% |
| 5Y | 5.25% | 6.20% |
| 6Y | 5.46% | 6.82% |
| 7Y | 5.66% | 7.34% |
| 8Y | 5.84% | 7.61% |
| 9Y | 5.98% | 7.63% |
| 10Y | 6.08% | 7.46% |
| 15Y | 6.23% | 6.85% |
| 20Y | 6.25% | 6.42% |
| 25Y | 6.25% | 6.36% |
| 30Y | 6.25% | 6.35% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.80% and the 10-year 6.08%, a 10Y−2Y spread of +127 bp — positively sloped — as of 2026-09-15. 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 | Latest2026-09-15 | 1m ago2026-08-17 | 2m ago2026-07-13 | 3m ago2026-06-23 | 4m ago2026-05-18 | 5m ago2026-04-17 | 6m ago2026-03-19 |
|---|---|---|---|---|---|---|---|
| 2Y | 4.80% | 4.50% | 4.64% | 4.50% | 4.50% | 4.29% | 4.34% |
| 10Y | 6.08% | — | 5.24% | — | 5.45% | — | 5.10% |
| 10Y − 2Y | +127 bp | — | +59 bp | — | +95 bp | — | +75 bp |
Bonds in this curve
A selection of 30 of the 173 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Toronto-Dominion Bank | 4.78% | 2027-07-16 | 4.81% | USC8888MBQ09 |
| National Bank of Canada | 5.05% | 2027-09-15 | 5.05% | US63305LPB35 |
| National Bank of Canada | 4.93% | 2027-10-29 | 4.80% | US63305LV752 |
| National Bank of Canada | 4.80% | 2028-08-28 | 4.55% | US63305TSD99 |
| National Bank of Canada | 4.76% | 2028-09-09 | 4.65% | US63305TTG12 |
| National Bank of Canada | 4.76% | 2028-09-09 | 4.60% | US63305TTH94 |
| National Bank of Canada | 5.09% | 2029-07-08 | 4.80% | US63305TLK06 |
| National Bank of Canada | 4.83% | 2029-08-31 | 4.85% | US63305TSJ69 |
| National Bank of Canada | 4.69% | 2029-08-31 | 4.60% | US63305TSL16 |
| National Bank of Canada | 5.08% | 2030-08-31 | 5.00% | US63305TSN71 |
| National Bank of Canada | 5.20% | 2031-07-08 | 5.00% | US63305TMF02 |
| National Bank of Canada | 4.94% | 2031-07-31 | 4.75% | US63305TPK69 |
| National Bank of Canada | 5.33% | 2031-08-27 | 5.10% | US63305TTJ50 |
| National Bank of Canada | 5.20% | 2032-10-18 | 4.65% | US63305LT947 |
| National Bank of Canada | 6.06% | 2032-10-29 | 5.05% | US63305LV919 |
| National Bank of Canada | 5.90% | 2033-03-06 | 5.30% | US63305MDE84 |
| National Bank of Canada | 6.00% | 2033-10-06 | 6.00% | US63305LTP84 |
| National Bank of Canada | 5.89% | 2034-04-24 | 5.75% | US63305LZD80 |
| National Bank of Canada | 6.07% | 2034-11-13 | 5.50% | US63305L2D40 |
| National Bank of Canada | 5.89% | 2035-02-10 | 4.85% | US63305MQ461 |
| National Bank of Canada | 5.99% | 2035-05-06 | 5.65% | US63305MHC82 |
| National Bank of Canada | 6.10% | 2036-07-16 | 5.55% | US63305TMX18 |
| National Bank of Canada | 6.08% | 2036-07-30 | 5.75% | US63305TQK50 |
| National Bank of Canada | 6.18% | 2039-04-04 | 6.00% | US63305LYN71 |
| National Bank of Canada | 6.44% | 2039-10-17 | 4.80% | US63305LU358 |
| National Bank of Canada | 6.32% | 2045-01-24 | 6.05% | US63305L7E77 |
| National Bank of Canada | 6.32% | 2046-08-31 | 6.15% | US63305TSP20 |
| National Bank of Canada | 5.79% | 2051-07-31 | 5.60% | US63305TPZ39 |
| National Bank of Canada | 6.32% | 2056-07-22 | 6.25% | US63305TND45 |
| National Bank of Canada | 6.22% | 2056-07-22 | 6.00% | US63305TNQ57 |