Canada Senior Unsecured Non-Callable Banks Corporate Bond Yields (USD)
Fitted spot curve as of 2026-07-31
https://bondscovery.com/yield-curve/usd-corporate-senior-unsecured-banks-canada-non-callable
Canada Senior Unsecured Non-Callable Banks Corporate Bond Yields (USD) as of 2026-07-31: 8Y at 5.60%, fitted curve 1M–8Y (4.53%–5.60%), 29 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.53% | — |
| 3M | 4.53% | 4.53% |
| 6M | 4.53% | 4.54% |
| 9M | 4.54% | 4.55% |
| 12M | 4.55% | 4.57% |
| 18M | 4.57% | 4.60% |
| 2Y | 4.59% | 4.67% |
| 3Y | 4.68% | 4.85% |
| 4Y | 4.82% | 5.27% |
| 5Y | 5.04% | 5.89% |
| 8Y | 5.60% | 6.55% |
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 ago2026-07-01 | 2m ago2026-06-01 | 3m ago2026-05-01 | 4m ago2026-04-02 | 5m ago2026-03-03 | 6m ago2026-02-03 |
|---|---|---|---|---|---|---|---|
| 2Y | 4.59% | 4.52% | 4.39% | 4.36% | 4.38% | 3.93% | 3.94% |
| 10Y | — | — | — | — | 5.35% | — | — |
| 10Y − 2Y | — | — | — | — | +97 bp | — | — |
Yields by rating group
The same curve split by credit quality: 36 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: AAA to AA- 4.41%, A+ to BBB- 4.62%.
Bonds in this curve
A selection of 30 of the 36 bonds behind this curve, spread across maturities. Greyed rows carry an older quote.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Toronto-Dominion Bank | 3.40% | 2026-09-10 | 1.25% | US89114TZG02 |
| Royal Bank of Canada | 6.92% | 2026-09-14 | 1.05% | USC7976PAC08 |
| Toronto-Dominion Bank | 4.80% | 2026-12-11 | 5.26% | US89115A2V36 |
| Toronto-Dominion Bank | 4.40% | 2026-12-17 | 4.57% | US89115A3A89 |
| Toronto-Dominion Bank | 4.37% | 2027-01-12 | 1.95% | US89114TZN52 |
| Royal Bank of Canada | 4.35% | 2027-01-19 | 4.88% | US78016HZT03 |
| Toronto-Dominion Bank | 4.57% | 2027-04-05 | 4.98% | US89115A2W19 |
| Federation des Caisses Desjardins du Quebec | 4.41% | 2027-08-23 | 4.55% | US31429KAH68 |
| Toronto-Dominion Bank | 4.50% | 2027-09-15 | 4.69% | US89115A2H42 |
| Royal Bank of Canada | 4.36% | 2027-11-01 | 6.00% | US78016FZU10 |
| Toronto-Dominion Bank | 4.59% | 2028-01-10 | 5.16% | US89115A2M37 |
| Federation des Caisses Desjardins du Quebec | 4.70% | 2028-05-26 | 4.50% | US31429KAR41 |
| Bank of Montreal | 4.64% | 2028-06-28 | 4.69% | USC0623PAU24 |
| Toronto-Dominion Bank | 4.62% | 2028-07-17 | 5.52% | US89115A2U52 |
| National Bank of Canada | 4.60% | 2028-12-18 | 5.60% | US63307A2X29 |
| Royal Bank of Canada | 4.52% | 2029-02-01 | 4.95% | US78016HZV58 |
| Toronto-Dominion Bank | 4.72% | 2029-04-05 | 4.99% | US89115A2Y74 |
| Royal Bank of Canada | 4.37% | 2029-04-06 | 4.14% | USC79875AA54 |
| Federation des Caisses Desjardins du Quebec | 4.69% | 2029-04-26 | 5.25% | US31429KAL70 |
| National Bank of Canada | 4.78% | 2029-10-10 | 4.50% | US63307A3B99 |
| Toronto-Dominion Bank | 4.73% | 2029-12-17 | 4.78% | US89115A3C46 |
| Canadian Imperial Bank of Commerce | 4.44% | 2030-01-14 | 4.88% | USC2428PBN09 |
| Bank of Nova Scotia | 4.80% | 2030-02-01 | 4.85% | US06417XAP69 |
| Federation des Caisses Desjardins du Quebec | 4.61% | 2030-08-26 | 4.57% | US31429LAP67 |
| Federation des Caisses Desjardins du Quebec | 4.98% | 2030-08-26 | 4.57% | US31429KAP84 |
| Federation des Caisses Desjardins du Quebec | 5.06% | 2031-05-27 | 5.02% | US31429KAQ67 |
| Federation des Caisses Desjardins du Quebec | 5.02% | 2031-05-27 | 5.02% | US31429LAQ41 |
| Toronto-Dominion Bank | 4.85% | 2031-09-10 | 2.00% | US89114TZJ41 |
| Toronto-Dominion Bank | 5.01% | 2032-01-12 | 2.45% | US89114TZQ83 |
| Royal Bank of Canada | 5.71% | 2034-01-29 | 5.40% | CA780086Y248 |