Canada AAA–AA Senior Unsecured Corporate Bond Yields (USD)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/usd-corporate-senior-unsecured-aaa-aa-canada
Canada AAA–AA Senior Unsecured Corporate Bond Yields (USD) as of 2026-09-10: 10Y at 6.02%, fitted curve 6M–30Y (4.51%–6.16%), 75 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 6M | 4.51% | — |
| 9M | 4.53% | 4.62% |
| 12M | 4.54% | 4.62% |
| 18M | 4.58% | 4.70% |
| 2Y | 4.62% | 4.82% |
| 3Y | 4.74% | 5.07% |
| 4Y | 4.92% | 5.57% |
| 5Y | 5.14% | 6.24% |
| 6Y | 5.38% | 6.93% |
| 7Y | 5.60% | 7.44% |
| 8Y | 5.79% | 7.64% |
| 9Y | 5.93% | 7.55% |
| 10Y | 6.02% | 7.31% |
| 15Y | 6.15% | 6.68% |
| 20Y | 6.16% | 6.31% |
| 25Y | 6.16% | 6.26% |
| 30Y | 6.16% | 6.26% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.62% and the 10-year 6.02%, a 10Y−2Y spread of +140 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 | 4.62% | 4.38% | 4.63% | 4.45% | 4.38% | 4.25% | 3.98% |
| 10Y | 6.02% | — | 5.24% | 5.47% | 5.45% | 5.38% | 5.20% |
| 10Y − 2Y | +140 bp | — | +61 bp | +102 bp | +107 bp | +113 bp | +122 bp |
Bonds in this curve
A selection of 30 of the 219 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Ontario Teachers Finance Trust | 4.24% | 2027-04-13 | 3.00% | USC69798AQ69 |
| Toronto-Dominion Bank | 4.55% | 2027-07-16 | 4.81% | USC8888MBQ09 |
| Cppib Capital INC | 4.32% | 2027-10-08 | 3.75% | US22411WBC91 |
| Cppib Capital INC | 4.75% | 2027-11-02 | 2.75% | US22411WAD83 |
| Cppib Capital INC | 4.41% | 2027-11-02 | 2.75% | US22411VAD01 |
| Ontario Teachers Finance Trust | 4.75% | 2028-04-25 | 4.25% | USC69798AX11 |
| National Bank of Canada | 4.76% | 2028-09-09 | 4.65% | US63305TTG12 |
| PSP Capital INC | 4.71% | 2028-10-26 | 1.62% | US69376Q2B87 |
| National Bank of Canada | 5.09% | 2029-07-08 | 4.80% | US63305TLK06 |
| Cppib Capital INC | 4.73% | 2029-11-01 | 2.00% | US22411WAK27 |
| National Bank of Canada | 5.01% | 2030-12-09 | 4.40% | US63305MZW45 |
| 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 |
| National Bank of Canada | 5.20% | 2032-10-18 | 4.65% | US63305LT947 |
| National Bank of Canada | 5.68% | 2032-11-29 | 5.25% | US63305L2S19 |
| National Bank of Canada | 5.78% | 2033-03-06 | 5.30% | US63305MDE84 |
| National Bank of Canada | 6.00% | 2033-10-06 | 6.00% | US63305LTP84 |
| National Bank of Canada | 6.10% | 2034-04-24 | 5.75% | US63305LZD80 |
| National Bank of Canada | 5.63% | 2034-08-30 | 5.05% | US63305LN825 |
| National Bank of Canada | 5.99% | 2035-05-06 | 5.65% | US63305MHC82 |
| National Bank of Canada | 5.92% | 2036-07-16 | 5.55% | US63305TMX18 |
| National Bank of Canada | 5.88% | 2036-07-24 | 5.65% | US63305TPH31 |
| National Bank of Canada | 6.11% | 2039-04-04 | 6.00% | US63305LYN71 |
| National Bank of Canada | 6.32% | 2045-01-24 | 6.05% | US63305L7E77 |
| National Bank of Canada | 6.32% | 2045-08-29 | 6.00% | US63305MRA17 |
| National Bank of Canada | 5.79% | 2051-07-31 | 5.60% | US63305TPZ39 |
| Omers Finance Trust | 5.86% | 2052-04-19 | 4.00% | US682142AH70 |
| National Bank of Canada | 6.49% | 2056-07-08 | 6.25% | US63305TLL88 |
| National Bank of Canada | 6.32% | 2056-07-22 | 6.25% | US63305TND45 |