Canada Senior Unsecured Metals & Mining Corporate Bond Yields (USD)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/usd-corporate-senior-unsecured-metals-mining-canada
Canada Senior Unsecured Metals & Mining Corporate Bond Yields (USD) as of 2026-09-10: 10Y at 6.45%, fitted curve 18M–15Y (6.13%–6.51%), 37 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 18M | 6.13% | — |
| 2Y | 6.30% | 6.95% |
| 3Y | 6.51% | 7.09% |
| 5Y | 6.51% | 6.64% |
| 6Y | 6.51% | 6.61% |
| 7Y | 6.51% | 6.59% |
| 8Y | 6.50% | 6.53% |
| 9Y | 6.48% | 6.38% |
| 10Y | 6.45% | 6.08% |
| 15Y | 6.30% | 5.94% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 6.30% and the 10-year 6.45%, a 10Y−2Y spread of +15 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 ago2026-03-18 |
|---|---|---|---|---|---|---|---|
| 2Y | 6.30% | 5.72% | 6.54% | 6.54% | 6.59% | — | — |
| 10Y | 6.45% | 6.53% | 6.52% | 6.49% | 6.43% | 6.42% | 6.48% |
| 10Y − 2Y | +15 bp | +81 bp | -2 bp | -5 bp | -15 bp | — | — |
Yields by rating group
The same curve split by credit quality: 41 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: A+ to BBB- 6.00%, Speculative 6.75%.
Bonds in this curve
A selection of 30 of the 41 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Yamana Gold INC | 5.14% | 2027-12-15 | 4.62% | US98462YAD22 |
| Iamgold Corp | 5.88% | 2028-10-15 | 5.75% | US450913AF55 |
| Iamgold Corp | 6.75% | 2028-10-15 | 5.75% | USC4535AAC48 |
| Hudbay Minerals INC | 5.86% | 2029-04-01 | 6.12% | US443628AH54 |
| Hudbay Minerals INC | 5.98% | 2029-04-01 | 6.12% | USC4R803AG10 |
| Eldorado Gold Corp | 6.47% | 2029-09-01 | 6.25% | USC3314PAD80 |
| Aris Mining Corp | 6.71% | 2029-10-31 | 8.00% | USC04492AA97 |
| Ivanhoe Mines LTD | 7.59% | 2030-01-23 | 7.88% | US46579RAE45 |
| ERO Copper Corp | 6.58% | 2030-02-15 | 6.50% | USC3328LAA73 |
| First Quantum Minerals LTD | 7.68% | 2031-06-01 | 8.62% | USC3535CAP35 |
| Yamana Gold INC | 5.58% | 2031-08-15 | 2.63% | US98462YAF79 |
| Windfall Mining Group INC | 5.64% | 2032-05-13 | 5.85% | US973244AA44 |
| Vale Canada LTD | 5.85% | 2032-09-15 | 7.20% | US453258AP01 |
| First Quantum Minerals LTD | 7.15% | 2033-03-01 | 8.00% | US335934AW52 |
| First Quantum Minerals LTD | 7.22% | 2033-03-01 | 8.00% | USC3535CAR90 |
| Capstone Copper Corp | 6.47% | 2033-03-31 | 6.75% | US14071LAA61 |
| Kinross Gold Corporation | 5.53% | 2033-07-15 | 6.25% | US496902AT48 |
| First Quantum Minerals LTD | 6.83% | 2034-02-15 | 7.25% | US335934AX36 |
| First Quantum Minerals LTD | 6.94% | 2034-02-15 | 7.25% | USC3535CAS73 |
| Barrick Mining Corporation | 5.56% | 2034-11-15 | 5.80% | US067901AA64 |
| Teck Resources Limited | 6.19% | 2035-10-01 | 6.12% | US878742AE55 |
| First Quantum Minerals LTD | 6.80% | 2036-02-15 | 6.38% | US335934AY19 |
| First Quantum Minerals LTD | 6.85% | 2036-02-15 | 6.38% | USC3535CAT56 |
| Barrick Mining Corporation | 6.00% | 2038-09-15 | 7.50% | US06849RAC60 |
| Barrick Mining Corporation | 6.04% | 2039-10-15 | 5.95% | US06849UAD72 |
| Teck Resources Limited | 6.35% | 2040-08-15 | 6.00% | US878742AS42 |
| Barrick Mining Corporation | 6.08% | 2041-05-30 | 5.70% | US06849RAG74 |
| Teck Resources Limited | 6.39% | 2041-07-15 | 6.25% | US878742AW53 |
| Kinross Gold Corporation | 6.34% | 2041-09-01 | 6.88% | US496902AK39 |
| Teck Resources Limited | 6.82% | 2042-03-01 | 5.20% | US878744AB72 |