Canada Senior Unsecured Callable Banks Corporate Bond Yields (USD)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/usd-corporate-senior-unsecured-banks-canada-callable
Canada Senior Unsecured Callable Banks Corporate Bond Yields (USD) as of 2026-09-10: 10Y at 5.93%, fitted curve 1M–30Y (4.54%–6.29%), 259 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.54% | — |
| 3M | 4.56% | 4.58% |
| 6M | 4.60% | 4.74% |
| 9M | 4.63% | 4.80% |
| 12M | 4.67% | 4.80% |
| 18M | 4.74% | 4.96% |
| 2Y | 4.82% | 5.13% |
| 3Y | 4.98% | 5.40% |
| 4Y | 5.15% | 5.78% |
| 5Y | 5.31% | 6.15% |
| 6Y | 5.46% | 6.48% |
| 7Y | 5.60% | 6.77% |
| 8Y | 5.73% | 6.98% |
| 9Y | 5.84% | 7.13% |
| 10Y | 5.93% | 7.22% |
| 15Y | 6.19% | 7.17% |
| 20Y | 6.27% | 6.84% |
| 25Y | 6.29% | 6.59% |
| 30Y | 6.29% | 6.47% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.82% and the 10-year 5.93%, a 10Y−2Y spread of +111 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 | 4.82% | 4.75% | 4.67% | 4.60% | 4.53% | 4.47% | 4.15% |
| 10Y | 5.93% | 5.74% | 5.64% | 5.46% | 5.44% | 5.26% | 5.11% |
| 10Y − 2Y | +111 bp | +99 bp | +97 bp | +87 bp | +91 bp | +79 bp | +96 bp |
Yields by rating group
The same curve split by credit quality: 789 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 5.34%, A+ to BBB- 5.20%.
Bonds in this curve
A selection of 30 of the 789 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Bank of Montreal | 4.69% | 2026-10-29 | 1.50% | US06368G2A41 |
| Bank of Nova Scotia | 4.42% | 2026-12-07 | 5.35% | US06418JAA97 |
| Bank of Montreal | 4.73% | 2026-12-11 | 5.27% | US06368LC537 |
| Bank of Nova Scotia | 4.58% | 2027-02-02 | 1.95% | US06417XAD30 |
| Bank of Nova Scotia | 4.53% | 2027-03-11 | 2.95% | US06418BAE83 |
| Bank of Montreal | 4.54% | 2027-06-04 | 5.37% | US06368L3K06 |
| Bank of Nova Scotia | 4.64% | 2027-06-04 | 5.40% | US06418GAH02 |
| Royal Bank of Canada | 4.43% | 2027-08-03 | 4.24% | US78016FZS63 |
| Bank of Montreal | 4.45% | 2027-09-14 | 4.70% | US06368LAQ95 |
| Royal Bank of Canada | 4.68% | 2028-01-12 | 4.90% | US78016FZW75 |
| Toronto-Dominion Bank | 4.81% | 2028-01-13 | 3.91% | US89115KAK60 |
| Bank of Nova Scotia | 4.72% | 2028-06-12 | 5.25% | US06418GAD97 |
| Royal Bank of Canada | 4.76% | 2028-08-01 | 5.20% | US78016HZS20 |
| Canadian Imperial Bank of Commerce | 5.01% | 2029-04-08 | 5.26% | US13608JAA51 |
| Bank of Nova Scotia | 5.00% | 2029-08-01 | 5.45% | US06418GAK31 |
| Royal Bank of Canada | 4.99% | 2030-04-17 | 4.40% | US78017DAT54 |
| Toronto-Dominion Bank | 5.13% | 2031-01-13 | 4.41% | US89115KAM27 |
| Bank of Montreal | 5.22% | 2031-06-04 | 5.51% | US06368L3L88 |
| Bank of Nova Scotia | 5.26% | 2031-08-01 | 2.15% | US0641594B99 |
| Canadian Imperial Bank of Commerce | 5.45% | 2032-04-07 | 3.60% | US13607HR535 |
| Royal Bank of Canada | 5.20% | 2032-05-03 | 4.61% | US78017DAV01 |
| Canadian Imperial Bank of Commerce | 5.54% | 2033-10-03 | 6.09% | US13607LWW98 |
| Bank of Nova Scotia | 5.54% | 2034-02-01 | 5.65% | US06418JAC53 |
| National Bank of Canada | 6.10% | 2034-04-24 | 5.75% | US63305LZD80 |
| Royal Bank of Canada | 6.37% | 2035-11-16 | 6.38% | US78014RRS12 |
| Royal Bank of Canada | 6.27% | 2039-02-16 | 5.50% | US78014RRK85 |
| Royal Bank of Canada | 6.26% | 2043-12-29 | 5.50% | US78014RUS74 |
| National Bank of Canada | 6.32% | 2045-01-24 | 6.05% | US63305L7E77 |
| National Bank of Canada | 5.79% | 2051-07-31 | 5.60% | US63305TPZ39 |
| National Bank of Canada | 6.32% | 2056-07-22 | 6.25% | US63305TND45 |