Canada Senior Unsecured Callable Oil & Gas Corporate Bond Yields (USD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-senior-unsecured-oil-gas-canada-callable
Canada Senior Unsecured Callable Oil & Gas Corporate Bond Yields (USD) as of 2026-07-27: 10Y at 5.61%, fitted curve 3M–40Y (4.71%–6.58%), 90 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 3M | 4.71% | — |
| 9M | 4.76% | 4.79% |
| 12M | 4.79% | 4.86% |
| 2Y | 4.89% | 4.99% |
| 3Y | 4.98% | 5.18% |
| 4Y | 5.08% | 5.37% |
| 5Y | 5.18% | 5.56% |
| 7Y | 5.36% | 5.82% |
| 8Y | 5.45% | 6.06% |
| 9Y | 5.53% | 6.20% |
| 10Y | 5.61% | 6.34% |
| 15Y | 5.95% | 6.64% |
| 20Y | 6.20% | 6.94% |
| 25Y | 6.37% | 7.04% |
| 30Y | 6.47% | 7.01% |
| 40Y | 6.58% | 6.91% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.89% and the 10-year 5.61%, a 10Y−2Y spread of +73 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 | 4.89% | 4.70% | 4.73% | 4.54% | 4.58% | 4.05% | 4.17% |
| 10Y | 5.61% | 5.38% | 5.45% | 5.36% | 5.47% | 5.06% | 5.30% |
| 10Y − 2Y | +73 bp | +68 bp | +71 bp | +81 bp | +89 bp | +102 bp | +113 bp |
Yields by rating group
The same curve split by credit quality: 100 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: A+ to BBB- 5.51%, Speculative 6.97%.
Bonds in this curve
A selection of 30 of the 100 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Enbridge INC | 4.57% | 2026-10-04 | 1.60% | US29250NBH70 |
| Enbridge INC | 5.29% | 2026-11-15 | 5.90% | US29250NBW48 |
| Enbridge INC | 4.75% | 2027-04-05 | 5.25% | US29250NCA19 |
| Canadian Natural Resources LTD | 4.87% | 2027-06-01 | 3.85% | US136385AX99 |
| Enbridge INC | 5.09% | 2027-07-15 | 3.70% | US29250NAR61 |
| Transcanada Pipelines Limited | 4.67% | 2028-05-15 | 4.25% | US89352HAW97 |
| Enbridge INC | 4.81% | 2028-11-15 | 6.00% | US29250NBX21 |
| Enbridge INC | 4.93% | 2029-04-05 | 5.30% | US29250NCB91 |
| Cenovus Energy INC | 5.26% | 2029-04-15 | 4.40% | US448055AP89 |
| Transcanada Pipelines Limited | 5.01% | 2030-04-15 | 4.10% | US89352HBA68 |
| Enbridge INC | 5.07% | 2030-11-15 | 6.20% | US29250NBY04 |
| Enbridge INC | 5.12% | 2031-03-27 | 4.85% | US29250NCQ60 |
| Transcanada Pipelines Limited | 5.38% | 2031-10-12 | 2.50% | US89352HBC25 |
| Enbridge INC | 5.36% | 2033-03-08 | 5.70% | US29250NBR52 |
| Enbridge INC | 5.25% | 2033-08-01 | 2.50% | US29250NBF15 |
| Transcanada Pipelines Limited | 5.42% | 2034-03-01 | 4.62% | US89352HAM16 |
| Enbridge INC | 5.39% | 2034-04-05 | 5.62% | US29250NCC74 |
| Canadian Natural Resources LTD | 5.41% | 2035-02-01 | 5.85% | US136385AG66 |
| Suncor Energy INC | 5.72% | 2035-05-15 | 5.95% | US71644EAG70 |
| Enbridge INC | 5.60% | 2036-03-27 | 5.45% | US29250NCR44 |
| Cenovus Energy INC | 5.89% | 2037-06-15 | 5.25% | US15135UAP49 |
| Suncor Energy INC | 5.94% | 2039-06-01 | 6.85% | US86722TAB89 |
| Cenovus Energy INC | 5.86% | 2039-11-15 | 6.75% | US15135UAF66 |
| Enbridge INC | 6.06% | 2044-06-10 | 4.50% | US29250NAJ46 |
| Enbridge INC | 6.08% | 2046-12-01 | 5.50% | US29250NAM74 |
| Enbridge INC | 6.17% | 2049-11-15 | 4.00% | US29250NBA28 |
| Suncor Energy INC | 6.16% | 2051-03-04 | 3.75% | US867224AE71 |
| Enbridge INC | 6.20% | 2054-04-05 | 5.95% | US29250NCD57 |
| Enbridge INC | 6.79% | 2054-06-27 | 7.20% | US29250NCF06 |
| Transcanada Pipelines Limited | 6.85% | 2065-06-01 | 7.00% | US89352HBG39 |