Canada Callable Transportation Corporate Bond Yields (USD)
Fitted spot curve as of 2026-07-27
https://bondscovery.com/yield-curve/usd-corporate-transportation-canada-callable
Canada Callable Transportation Corporate Bond Yields (USD) as of 2026-07-27: 10Y at 5.34%, fitted curve 1M–25Y (4.61%–5.94%), 40 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 4.61% | — |
| 3M | 4.62% | 4.63% |
| 2Y | 4.75% | 4.77% |
| 3Y | 4.83% | 4.97% |
| 4Y | 4.90% | 5.11% |
| 5Y | 4.97% | 5.26% |
| 6Y | 5.04% | 5.40% |
| 7Y | 5.11% | 5.55% |
| 8Y | 5.19% | 5.71% |
| 9Y | 5.26% | 5.88% |
| 10Y | 5.34% | 6.04% |
| 15Y | 5.65% | 6.27% |
| 20Y | 5.83% | 6.35% |
| 25Y | 5.94% | 6.38% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 4.75% and the 10-year 5.34%, a 10Y−2Y spread of +59 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 | 4.75% | 4.44% | 4.60% | 4.48% | 4.66% | 4.11% | 4.20% |
| 10Y | 5.34% | 5.06% | 5.13% | 4.96% | 5.14% | 4.74% | 4.87% |
| 10Y − 2Y | +59 bp | +62 bp | +53 bp | +48 bp | +48 bp | +62 bp | +67 bp |
Yields by rating group
The same curve split by credit quality: 46 rated bonds across 2 rating bands, all maturities pooled. Median yield by band: A+ to BBB- 5.29%, Speculative 7.00%.
Bonds in this curve
A selection of 30 of the 47 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| AIR Canada | 4.41% | 2026-08-15 | 3.88% | US008911BK48 |
| Canadian Pacific Railway | 4.66% | 2026-12-02 | 1.75% | US13645RBE36 |
| Canadian Pacific Railway | 4.86% | 2028-06-01 | 4.00% | US13645RAY09 |
| Canadian National Railway CO | 4.74% | 2028-07-15 | 6.90% | US136375BD37 |
| Canadian National Railway CO | 4.87% | 2029-05-12 | 4.35% | US136375DX72 |
| Canadian Pacific Railway | 4.79% | 2029-11-15 | 2.88% | US13648TAC18 |
| Canadian Pacific Railway | 4.86% | 2030-03-05 | 2.05% | US13648TAA51 |
| Canadian Pacific Railway | 4.88% | 2030-03-30 | 4.80% | US13645RBJ23 |
| NEW Flyer Holdings INC | 6.92% | 2030-07-01 | 9.25% | US64438WAA53 |
| Beacon Mobility FIN Corp | 6.46% | 2030-08-01 | 7.25% | US073644AA49 |
| Canadian National Railway CO | 4.98% | 2031-03-12 | 4.20% | US136375DV17 |
| Canadian Pacific Railway | 5.15% | 2031-10-15 | 7.12% | US13645RAD61 |
| Canadian Pacific Railway | 5.01% | 2031-12-02 | 2.45% | US13645RBF01 |
| Canadian National Railway CO | 5.06% | 2032-08-05 | 3.85% | US136375DC36 |
| Canadian Pacific Railway | 5.10% | 2033-03-15 | 5.75% | US13645RAE45 |
| Canadian National Railway CO | 5.00% | 2033-11-01 | 5.85% | US136375DH23 |
| Canadian National Railway CO | 5.12% | 2034-09-18 | 4.38% | US136375DR05 |
| Canadian Pacific Railway | 5.28% | 2035-03-30 | 5.20% | US13645RBK95 |
| Canadian Pacific Railway | 5.33% | 2035-09-15 | 4.80% | US13645RAV69 |
| Canadian National Railway CO | 5.30% | 2035-11-12 | 4.75% | US136375DW99 |
| Canadian National Railway CO | 5.28% | 2036-05-12 | 4.95% | US136375DY55 |
| Canadian National Railway CO | 5.37% | 2036-06-01 | 6.20% | US136375BN19 |
| Canadian Pacific Railway | 5.50% | 2037-05-15 | 5.95% | US13645RAF10 |
| Canadian Pacific Railway | 5.84% | 2041-12-02 | 3.00% | US13645RBG83 |
| Canadian National Railway CO | 5.84% | 2046-08-02 | 3.20% | US136375CK60 |
| Canadian National Railway CO | 5.93% | 2048-02-03 | 3.65% | US136375CP57 |
| Canadian National Railway CO | 5.91% | 2049-01-20 | 4.45% | US136375CV26 |
| Canadian National Railway CO | 5.88% | 2050-05-01 | 2.45% | US136375CZ30 |
| Canadian Pacific Railway | 5.97% | 2051-12-02 | 3.10% | US13645RBH66 |
| Canadian National Railway CO | 5.85% | 2052-08-05 | 4.40% | US136375DB52 |