Canada Senior Unsecured Callable Banks Corporate Bond Yields (USD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-senior-unsecured-banks-canada-callable
Canada Senior Unsecured Callable Banks Corporate Bond Yields (USD) as of 2026-07-27: 10Y at 5.62%, fitted curve 1M–20Y (4.50%–6.07%), 121 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.50% | — |
| 3M | 4.53% | 4.54% |
| 6M | 4.56% | 4.59% |
| 9M | 4.59% | 4.66% |
| 12M | 4.63% | 4.73% |
| 18M | 4.69% | 4.83% |
| 2Y | 4.76% | 4.96% |
| 3Y | 4.89% | 5.15% |
| 4Y | 5.01% | 5.39% |
| 5Y | 5.13% | 5.61% |
| 6Y | 5.25% | 5.81% |
| 7Y | 5.35% | 5.98% |
| 8Y | 5.45% | 6.13% |
| 9Y | 5.54% | 6.25% |
| 10Y | 5.62% | 6.35% |
| 15Y | 5.91% | 6.50% |
| 20Y | 6.07% | 6.53% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.76% and the 10-year 5.62%, a 10Y−2Y spread of +86 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 | 4.76% | 4.60% | 4.52% | 4.45% | 4.49% | 3.99% | 4.07% |
| 10Y | 5.62% | 5.46% | 5.49% | 5.41% | 5.29% | 5.11% | 5.21% |
| 10Y − 2Y | +86 bp | +86 bp | +97 bp | +96 bp | +80 bp | +112 bp | +114 bp |
Yields by rating group
The same curve split by credit quality: 386 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 5.16%, A+ to BBB- 5.04%.
Bonds in this curve
A selection of 30 of the 386 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Bank of Nova Scotia | 6.43% | 2026-08-03 | 2.70% | US064159QE92 |
| Bank of Nova Scotia | 4.88% | 2026-09-15 | 1.30% | US0641598K52 |
| Canadian Imperial Bank of Commerce | 4.01% | 2026-10-02 | 5.93% | US13607LWT69 |
| Bank of Nova Scotia | 4.59% | 2026-12-07 | 5.35% | US06418JAA97 |
| Bank of Nova Scotia | 4.50% | 2027-02-02 | 1.95% | US06417XAD30 |
| Bank of Nova Scotia | 4.77% | 2027-03-09 | 2.17% | USC0574BAB48 |
| Royal Bank of Canada | 4.82% | 2027-03-24 | 2.60% | USC7976PAD80 |
| Canadian Imperial Bank of Commerce | 4.55% | 2027-04-07 | 3.45% | US13607HR618 |
| Toronto-Dominion Bank | 4.50% | 2027-07-16 | 4.81% | USC8888MBQ09 |
| Royal Bank of Canada | 4.39% | 2027-08-03 | 4.24% | US78016FZS63 |
| Royal Bank of Canada | 4.57% | 2028-01-12 | 4.90% | US78016FZW75 |
| Bank of Montreal | 4.72% | 2028-02-01 | 5.20% | US06368LGV27 |
| Bank of Nova Scotia | 4.67% | 2028-06-12 | 5.25% | US06418GAD97 |
| Royal Bank of Canada | 4.72% | 2028-08-01 | 5.20% | US78016HZS20 |
| Canadian Imperial Bank of Commerce | 4.85% | 2029-04-08 | 5.26% | US13608JAA51 |
| Bank of Nova Scotia | 4.87% | 2029-08-01 | 5.45% | US06418GAK31 |
| Toronto-Dominion Bank | 5.12% | 2030-02-14 | 5.10% | US89114XH554 |
| Canadian Imperial Bank of Commerce | 5.13% | 2030-05-16 | 5.00% | US13607XXG77 |
| Bank of Montreal | 5.06% | 2031-06-04 | 5.51% | US06368L3L88 |
| Bank of Nova Scotia | 5.03% | 2031-08-01 | 2.15% | US0641594B99 |
| Bank of Nova Scotia | 5.04% | 2032-02-02 | 2.45% | US06417XAE13 |
| Canadian Imperial Bank of Commerce | 5.14% | 2032-04-07 | 3.60% | US13607HR535 |
| Royal Bank of Canada | 5.11% | 2033-02-01 | 5.00% | US78016FZX58 |
| Canadian Imperial Bank of Commerce | 5.32% | 2033-10-03 | 6.09% | US13607LWW98 |
| Bank of Nova Scotia | 5.30% | 2034-02-01 | 5.65% | US06418JAC53 |
| Royal Bank of Canada | 5.11% | 2034-02-01 | 5.15% | US78016HZW32 |
| Canadian Imperial Bank of Commerce | 5.64% | 2035-05-16 | 5.45% | US13607XXJ17 |
| Bank of Nova Scotia | 5.19% | 2037-05-04 | 4.59% | US06417XAG60 |
| Bank of Montreal | 5.91% | 2039-10-11 | 5.00% | US06376BNJ34 |
| Canadian Imperial Bank of Commerce | 6.14% | 2046-03-20 | 5.40% | US13609FHC14 |