yield curve
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CanadaZero-coupon (discount) yield · as of · Source: Bank of Canada · Checked once a week
Key points
- 2 years
- 3.39%
- 5 years
- 3.66%
- 10 years
- 3.97%
- 30 years
- 4.29%
- 10-year minus 2-year
- +0.58pts
- Maturities published
- 120
- Available maturities
- 0.25 to 30 years, in quarter-year steps; up to 25 years before 1991
- Daily history from
- 2 January 1986
All maturities
| Maturity | Yield (%) |
|---|---|
| 0.25 years | 2.38349 |
| 0.5 years | 2.61292 |
| 0.75 years | 2.79720 |
| 1 year | 2.98285 |
| 1.25 years | 3.17551 |
| 1.5 years | 3.26227 |
| 1.75 years | 3.33256 |
| 2 years | 3.38950 |
| 2.25 years | 3.43573 |
| 2.5 years | 3.47345 |
| 2.75 years | 3.50451 |
| 3 years | 3.53042 |
| 3.25 years | 3.55244 |
| 3.5 years | 3.57160 |
| 3.75 years | 3.58872 |
| 4 years | 3.60445 |
| 4.25 years | 3.61932 |
| 4.5 years | 3.63370 |
| 4.75 years | 3.64791 |
| 5 years | 3.66214 |
| 5.25 years | 3.67654 |
| 5.5 years | 3.69121 |
| 5.75 years | 3.70617 |
| 6 years | 3.72145 |
| 6.25 years | 3.73703 |
| 6.5 years | 3.75287 |
| 6.75 years | 3.76892 |
| 7 years | 3.78512 |
| 7.25 years | 3.80141 |
| 7.5 years | 3.81771 |
| 7.75 years | 3.83396 |
| 8 years | 3.85009 |
| 8.25 years | 3.86603 |
| 8.5 years | 3.88174 |
| 8.75 years | 3.89714 |
| 9 years | 3.91219 |
| 9.25 years | 3.92685 |
| 9.5 years | 3.94109 |
| 9.75 years | 3.95486 |
| 10 years | 3.96815 |
| 10.25 years | 3.98093 |
| 10.5 years | 3.99320 |
| 10.75 years | 4.00494 |
| 11 years | 4.01615 |
| 11.25 years | 4.02683 |
| 11.5 years | 4.03699 |
| 11.75 years | 4.04663 |
| 12 years | 4.05577 |
| 12.25 years | 4.06442 |
| 12.5 years | 4.07260 |
| 12.75 years | 4.08032 |
| 13 years | 4.08761 |
| 13.25 years | 4.09449 |
| 13.5 years | 4.10097 |
| 13.75 years | 4.10709 |
| 14 years | 4.11287 |
| 14.25 years | 4.11833 |
| 14.5 years | 4.12349 |
| 14.75 years | 4.12838 |
| 15 years | 4.13302 |
| 15.25 years | 4.13744 |
| 15.5 years | 4.14165 |
| 15.75 years | 4.14567 |
| 16 years | 4.14953 |
| 16.25 years | 4.15324 |
| 16.5 years | 4.15682 |
| 16.75 years | 4.16028 |
| 17 years | 4.16365 |
| 17.25 years | 4.16694 |
| 17.5 years | 4.17015 |
| 17.75 years | 4.17330 |
| 18 years | 4.17641 |
| 18.25 years | 4.17947 |
| 18.5 years | 4.18250 |
| 18.75 years | 4.18551 |
| 19 years | 4.18849 |
| 19.25 years | 4.19147 |
| 19.5 years | 4.19443 |
| 19.75 years | 4.19739 |
| 20 years | 4.20035 |
| 20.25 years | 4.20330 |
| 20.5 years | 4.20625 |
| 20.75 years | 4.20921 |
| 21 years | 4.21216 |
| 21.25 years | 4.21511 |
| 21.5 years | 4.21806 |
| 21.75 years | 4.22100 |
| 22 years | 4.22394 |
| 22.25 years | 4.22687 |
| 22.5 years | 4.22979 |
| 22.75 years | 4.23269 |
| 23 years | 4.23557 |
| 23.25 years | 4.23843 |
| 23.5 years | 4.24126 |
| 23.75 years | 4.24407 |
| 24 years | 4.24684 |
| 24.25 years | 4.24958 |
| 24.5 years | 4.25227 |
| 24.75 years | 4.25492 |
| 25 years | 4.25752 |
| 25.25 years | 4.26006 |
| 25.5 years | 4.26255 |
| 25.75 years | 4.26498 |
| 26 years | 4.26735 |
| 26.25 years | 4.26965 |
| 26.5 years | 4.27187 |
| 26.75 years | 4.27403 |
| 27 years | 4.27611 |
| 27.25 years | 4.27811 |
| 27.5 years | 4.28003 |
| 27.75 years | 4.28186 |
| 28 years | 4.28361 |
| 28.25 years | 4.28527 |
| 28.5 years | 4.28684 |
| 28.75 years | 4.28832 |
| 29 years | 4.28971 |
| 29.25 years | 4.29100 |
| 29.5 years | 4.29220 |
| 29.75 years | 4.29331 |
| 30 years | 4.29432 |
Common questions
What is the 10-year government bond yield in Canada?
3.97% on 23 Sep 2026, as published by Bank of Canada.
Is the Canada yield curve inverted?
No. On 23 Sep 2026 the 10-year yield was 0.58 points above the 2-year yield.
How often is the curve updated?
The Bank of Canada publishes the curve roughly once a week, about 2 to 3 weeks after the observation date. The latest curve is usually 2 to 3 weeks old. All points share one source date. Weekends and holidays may have no new curve.
How far back does the daily history go?
Daily history is available from 2 January 1986. Available maturities: 0.25 to 30 years, in quarter-year steps; up to 25 years before 1991. Missing terms are omitted.
Why do yield curves for the US, the UK, Germany, Japan, and Canada differ?
United States: Nominal par yield (US Department of the Treasury). United Kingdom: Continuously compounded nominal zero-coupon yield (Bank of England). Germany: Svensson spot yield (Deutsche Bundesbank). Japan: Constant-maturity JGB yield to maturity (Ministry of Finance, Japan). Canada: Zero-coupon (discount) yield (Bank of Canada). Compare each curve's shape over time. The same maturity label does not make different measures interchangeable.