Canada Senior Unsecured Metals & Mining Corporate Bond Yields (USD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-senior-unsecured-metals-mining-canada
Canada Senior Unsecured Metals & Mining Corporate Bond Yields (USD) as of 2026-07-27: 10Y at 6.64%, fitted curve 18M–15Y (5.04%–6.64%), 28 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 18M | 5.04% | — |
| 2Y | 5.59% | 7.28% |
| 3Y | 6.23% | 7.50% |
| 4Y | 6.48% | 7.26% |
| 5Y | 6.58% | 6.98% |
| 6Y | 6.62% | 6.81% |
| 7Y | 6.63% | 6.72% |
| 8Y | 6.64% | 6.68% |
| 9Y | 6.64% | 6.66% |
| 10Y | 6.64% | 6.65% |
| 15Y | 6.64% | 6.64% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 5.59% and the 10-year 6.64%, a 10Y−2Y spread of +105 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 ago2026-06-17 | 2m ago2026-05-28 | 3m ago2026-04-28 | 4m ago2026-03-30 | 5m ago2026-02-27 |
|---|---|---|---|---|---|---|
| 2Y | 5.59% | 6.15% | 6.51% | 6.17% | — | — |
| 10Y | 6.64% | 6.40% | 6.42% | 6.31% | 6.75% | 6.17% |
| 10Y − 2Y | +105 bp | +25 bp | -9 bp | +14 bp | — | — |
Yields by rating group
The same curve split by credit quality: 33 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: A+ to BBB- 5.87%, Speculative 6.69%.
Bonds in this curve
A selection of 30 of the 33 bonds behind this curve, spread across maturities. Greyed rows carry an older quote.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Yamana Gold INC | 4.69% | 2027-12-15 | 4.62% | US98462YAD22 |
| Iamgold Corp | 6.79% | 2028-10-15 | 5.75% | USC4535AAC48 |
| Iamgold Corp | 6.00% | 2028-10-15 | 5.75% | US450913AF55 |
| Hudbay Minerals INC | 5.89% | 2029-04-01 | 6.12% | USC4R803AG10 |
| Hudbay Minerals INC | 5.97% | 2029-04-01 | 6.12% | US443628AH54 |
| Eldorado Gold Corp | 6.44% | 2029-09-01 | 6.25% | USC3314PAD80 |
| Eldorado Gold Corp | 6.24% | 2029-09-01 | 6.25% | US284902AF02 |
| Aris Mining Corp | 6.74% | 2029-10-31 | 8.00% | US04040YAB56 |
| ERO Copper Corp | 6.54% | 2030-02-15 | 6.50% | USC3328LAA73 |
| ERO Copper Corp | 6.46% | 2030-02-15 | 6.50% | US296006AA71 |
| Teck Resources Limited | 5.44% | 2030-07-15 | 3.90% | US878742BG94 |
| First Quantum Minerals LTD | 7.66% | 2031-06-01 | 8.62% | USC3535CAP35 |
| Yamana Gold INC | 5.52% | 2031-08-15 | 2.63% | US98462YAF79 |
| Vale Canada LTD | 5.64% | 2032-09-15 | 7.20% | US453258AP01 |
| First Quantum Minerals LTD | 7.33% | 2033-03-01 | 8.00% | USC3535CAR90 |
| First Quantum Minerals LTD | 7.28% | 2033-03-01 | 8.00% | US335934AW52 |
| Capstone Copper Corp | 6.65% | 2033-03-31 | 6.75% | US14071LAA61 |
| First Quantum Minerals LTD | 6.99% | 2034-02-15 | 7.25% | USC3535CAS73 |
| First Quantum Minerals LTD | 6.92% | 2034-02-15 | 7.25% | US335934AX36 |
| Barrick Mining Corporation | 5.30% | 2034-11-15 | 5.80% | US067901AA64 |
| Teck Resources Limited | 5.91% | 2035-10-01 | 6.12% | US878742AE55 |
| First Quantum Minerals LTD | 6.85% | 2036-02-15 | 6.38% | USC3535CAT56 |
| First Quantum Minerals LTD | 6.82% | 2036-02-15 | 6.38% | US335934AY19 |
| Barrick Mining Corporation | 5.87% | 2041-05-30 | 5.70% | US06849RAG74 |
| Teck Resources Limited | 6.68% | 2041-07-15 | 6.25% | US878742AW53 |
| Kinross Gold Corporation | 6.12% | 2041-09-01 | 6.88% | US496902AK39 |
| Barrick Mining Corporation | 5.83% | 2042-04-01 | 5.25% | US067901AH18 |
| Teck Resources Limited | 6.58% | 2043-02-01 | 5.40% | US878742AZ84 |
| Barrick Mining Corporation | 6.02% | 2043-05-01 | 5.75% | US06849RAK86 |
| Goldcorp INC | 6.00% | 2044-06-09 | 5.45% | US380956AE20 |