Actual
3.8100
Daily Change
-0.0340
Monthly
0.13%
Yearly
0.62%
Q3 Forecast
3.8703
Canada 10-Year Government Bond Yield - Summary

Canada’s 10-year government bond yield settled near 3.94% in mid-September after falling as low as 3.87% on lower oil prices. The yield then rose following the Federal Reserve’s rate hike, as the Fed raised the target range for the federal funds rate by 25 bps to 3.75%-4%. Updated Fed projections showed that most policymakers expect another hike before the end of 2026. The Bank of Canada kept its key policy rate unchanged at 2.25% at its September meeting, as widely expected. However, it noted that inflation risks had increased, while new tariffs had made the growth outlook more uncertain. Governor Macklem said policymakers were prepared to raise rates if inflation remained elevated. Still, a halt in the oil rally following reports of a potential recovery of Saudi Arabia’s key East-West pipeline helped to slow global yields.

Canada 10-Year Government Bond Yield - Stats

The yield on Canada 10Y Bond Yield eased to 3.84% on September 21, 2026, marking a 0.03 percentage points decrease from the previous session. Over the past month, the yield has edged up by 0.16 points and is 0.64 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Canada 10-Year Government Bond Yield reached an all time high of 12.44 in March of 1985. Canada 10-Year Government Bond Yield - data, forecasts, historical chart - was last updated on September 22 of 2026.

Canada 10-Year Government Bond Yield - Forecast

The yield on Canada 10Y Bond Yield eased to 3.84% on September 21, 2026, marking a 0.03 percentage points decrease from the previous session. Over the past month, the yield has edged up by 0.16 points and is 0.64 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. The Canada 10-Year Government Bond Yield is expected to trade at 3.87 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 3.63 in 12 months time.



Bonds Yield Day Month Year Date
Canada 10Y 3.81 -0.034% 0.126% 0.624% Sep/22
Canada 1M 2.29 0.010% 0.020% -0.190% Sep/22
Canada 52W 3.02 0.035% 0.335% 0.575% Sep/22
Canada 20Y 4.03 -0.034% 0.072% 0.484% Sep/22
Canada 2Y 3.25 -0.043% 0.293% 0.803% Sep/22
Canada 30Y 4.13 -0.034% 0.019% 0.472% Sep/22
Canada 3M 2.35 0.003% 0.059% -0.090% Sep/22
Canada 3Y 3.33 -0.044% 0.295% 0.849% Sep/22
Canada 5Y 3.53 -0.038% 0.247% 0.795% Sep/22
Canada 6M 2.57 -0.032% 0.178% 0.133% Sep/21
Canada 7Y 3.58 -0.036% 0.197% 0.657% Sep/22



Related Last Previous Unit Reference
Canada Inflation Rate 3.00 3.00 percent Aug 2026
Canada Interest Rate 2.25 2.25 percent Sep 2026
Canada Unemployment Rate 6.40 6.40 percent Aug 2026

Canada 10-Year Government Bond Yield
Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.
Actual Previous Highest Lowest Dates Unit Frequency
3.84 3.88 12.44 0.23 1985 - 2026 percent Daily

News Stream
Canada 10-Year Yield Nears 3.94%
Canada’s 10-year government bond yield settled near 3.94% in mid-September after falling as low as 3.87% on lower oil prices. The yield then rose following the Federal Reserve’s rate hike, as the Fed raised the target range for the federal funds rate by 25 bps to 3.75%-4%. Updated Fed projections showed that most policymakers expect another hike before the end of 2026. The Bank of Canada kept its key policy rate unchanged at 2.25% at its September meeting, as widely expected. However, it noted that inflation risks had increased, while new tariffs had made the growth outlook more uncertain. Governor Macklem said policymakers were prepared to raise rates if inflation remained elevated. Still, a halt in the oil rally following reports of a potential recovery of Saudi Arabia’s key East-West pipeline helped to slow global yields.
2026-09-16
Canada 10-Year Yield Near Three-Year High
Canada’s 10-year government bond yield rose to near 3.95% in September, its highest level in nearly three years, amid a global bond selloff driven by the crude oil rally and following the release of in-line domestic CPI data. Another surge in oil prices added to inflationary pressures as Canadian consumer price growth remained dominated by energy goods. The CPI rose 3.0% year over year in August, unchanged from July and matching market expectations. Still, underlying price pressures showed no broad acceleration as core gauges tracked by the BoC were unchanged near the 2% target. However, the oil rally continues to fuel inflation concerns and bets on a US Fed rate hike on September 16th. The BoC held its key rate at 2.25% at its latest meeting, but Governor Macklem said policymakers were prepared to raise rates if inflation remained elevated.
2026-09-14
Canada 10-Year Yield Hits Two-Year High
Canada’s 10-year government bond yield rose to 3.80% in September, the highest in over two years, after Canada’s retaliatory tariffs on US goods took effect and raised inflation risks. The counter-tariffs cover $20 billion of US goods, with duties ranging from 15% to 50% on products including steel, furniture, clothing and electronics. US tariffs imposed last month targeted $20 billion, or 5%, of Canadian exports to the US. Higher import prices increased inflationary pressures, while the escalating trade war reduced demand for Canadian bonds as safe-haven assets. Energy-driven inflation also boosted rate hike expectations. The BoC held its key rate at 2.25%, noting that inflation risks had increased while new tariffs had made the growth outlook more uncertain. Governor Macklem said policymakers were prepared to raise rates if inflation remained elevated.
2026-09-08