Canada Senior Unsecured Callable Metals & Mining Corporate Bond Yields (USD)
Fitted spot curve as of 2026-08-20
https://bondscovery.com/yield-curve/usd-corporate-senior-unsecured-metals-mining-canada-callable
Canada Senior Unsecured Callable Metals & Mining Corporate Bond Yields (USD) as of 2026-08-20: 10Y at 6.41%, fitted curve 18M–15Y (6.23%–6.45%), 33 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 18M | 6.45% | — |
| 2Y | 6.45% | 6.45% |
| 3Y | 6.45% | 6.45% |
| 4Y | 6.45% | 6.45% |
| 5Y | 6.45% | 6.45% |
| 6Y | 6.45% | 6.44% |
| 7Y | 6.44% | 6.43% |
| 8Y | 6.44% | 6.41% |
| 9Y | 6.43% | 6.34% |
| 10Y | 6.41% | 6.18% |
| 15Y | 6.23% | 5.88% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 6.45% and the 10-year 6.41%, a 10Y−2Y spread of -4 bp — inverted — as of 2026-08-20. 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 | Latest2026-08-20 | 1m ago2026-07-14 | 2m ago2026-06-11 | 3m ago2026-05-22 | 4m ago2026-04-27 | 5m ago2026-03-23 | 6m ago2026-02-20 |
|---|---|---|---|---|---|---|---|
| 2Y | 6.45% | 5.64% | 5.71% | 5.33% | 6.51% | — | — |
| 10Y | 6.41% | 6.63% | 6.33% | 6.61% | 6.37% | 6.58% | 6.22% |
| 10Y − 2Y | -4 bp | +99 bp | +62 bp | +127 bp | -14 bp | — | — |
Yields by rating group
The same curve split by credit quality: 39 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: A+ to BBB- 5.85%, Speculative 6.65%.
Bonds in this curve
A selection of 30 of the 39 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Yamana Gold INC | 4.71% | 2027-12-15 | 4.62% | US98462YAD22 |
| Iamgold Corp | 6.60% | 2028-10-15 | 5.75% | USC4535AAC48 |
| Iamgold Corp | 5.90% | 2028-10-15 | 5.75% | US450913AF55 |
| Hudbay Minerals INC | 5.87% | 2029-04-01 | 6.12% | USC4R803AG10 |
| Hudbay Minerals INC | 5.93% | 2029-04-01 | 6.12% | US443628AH54 |
| Eldorado Gold Corp | 6.34% | 2029-09-01 | 6.25% | US284902AF02 |
| Eldorado Gold Corp | 6.54% | 2029-09-01 | 6.25% | USC3314PAD80 |
| Ivanhoe Mines LTD | 7.49% | 2030-01-23 | 7.88% | US46579RAE45 |
| ERO Copper Corp | 6.40% | 2030-02-15 | 6.50% | US296006AA71 |
| ERO Copper Corp | 6.42% | 2030-02-15 | 6.50% | USC3328LAA73 |
| Teck Resources Limited | 5.03% | 2030-07-15 | 3.90% | US878742BG94 |
| First Quantum Minerals LTD | 7.59% | 2031-06-01 | 8.62% | USC3535CAP35 |
| Yamana Gold INC | 5.50% | 2031-08-15 | 2.63% | US98462YAF79 |
| Vale Canada LTD | 5.65% | 2032-09-15 | 7.20% | US453258AP01 |
| First Quantum Minerals LTD | 7.18% | 2033-03-01 | 8.00% | US335934AW52 |
| First Quantum Minerals LTD | 7.24% | 2033-03-01 | 8.00% | USC3535CAR90 |
| Kinross Gold Corporation | 5.32% | 2033-07-15 | 6.25% | US496902AT48 |
| First Quantum Minerals LTD | 6.89% | 2034-02-15 | 7.25% | USC3535CAS73 |
| First Quantum Minerals LTD | 6.72% | 2034-02-15 | 7.25% | US335934AX36 |
| Barrick Mining Corporation | 5.30% | 2034-11-15 | 5.80% | US067901AA64 |
| Teck Resources Limited | 6.00% | 2035-10-01 | 6.12% | US878742AE55 |
| First Quantum Minerals LTD | 6.75% | 2036-02-15 | 6.38% | USC3535CAT56 |
| First Quantum Minerals LTD | 6.72% | 2036-02-15 | 6.38% | US335934AY19 |
| Barrick Mining Corporation | 5.50% | 2038-09-15 | 7.50% | US06849RAC60 |
| Barrick Mining Corporation | 5.86% | 2039-10-15 | 5.95% | US06849UAD72 |
| Teck Resources Limited | 6.19% | 2040-08-15 | 6.00% | US878742AS42 |
| Teck Resources Limited | 6.55% | 2041-07-15 | 6.25% | US878742AW53 |
| Kinross Gold Corporation | 6.17% | 2041-09-01 | 6.88% | US496902AK39 |
| Teck Resources Limited | 6.63% | 2042-03-01 | 5.20% | US878744AB72 |
| Barrick Mining Corporation | 5.84% | 2042-04-01 | 5.25% | US067901AH18 |