Canada’s 10-year government bond yield fell to 3.5% from the two-year high of 3.62% reached on May 4th, as pessimistic labor data consolidated bets of a dovish Bank of Canada. Net employment in Canada unexpectedly fell by 17.7 thousand jobs from the previous month in April, and the unemployment rate rose to a six-month high. The data aligned with the BoC's signal that it would prioritize growth this year as it does not see high risks of inflation becoming entrenched, so far. Still, elevated energy prices helped push Canada’s annual inflation rate to 2.4% in March. New tensions between Iran and the US drove markets to be cautious about the possibility of an agreement that restores oil supply from the region, halting the pullback in oil prices.

The yield on Canada 10Y Bond Yield eased to 3.49% on May 8, 2026, marking a 0.04 percentage points decrease from the previous session. Over the past month, the yield has edged up by 0.03 points and is 0.33 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 May 8 of 2026.

The yield on Canada 10Y Bond Yield eased to 3.49% on May 8, 2026, marking a 0.04 percentage points decrease from the previous session. Over the past month, the yield has edged up by 0.03 points and is 0.33 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 3.49 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 3.30 in 12 months time.



Bonds Yield Day Month Year Date
Canada 10Y 3.49 -0.039% 0.033% 0.329% May/08
Canada 1M 2.27 -0.030% 0.035% -0.400% May/08
Canada 52W 2.63 -0.040% 0.065% 0.100% May/08
Canada 20Y 3.74 -0.036% -0.030% 0.330% May/08
Canada 2Y 2.87 -0.061% 0.085% 0.344% May/08
Canada 30Y 3.86 -0.048% -0.037% 0.387% May/08
Canada 3M 2.30 -0.010% 0.010% -0.320% May/08
Canada 3Y 2.96 -0.061% 0.050% 0.380% May/08
Canada 5Y 3.13 -0.051% 0.049% 0.375% May/08
Canada 6M 2.42 0.005% 0.050% -0.198% May/08
Canada 7Y 3.24 -0.052% 0.048% 0.255% May/08



Related Last Previous Unit Reference
Canada Inflation Rate 2.40 1.80 percent Mar 2026
Canada Interest Rate 2.25 2.25 percent Apr 2026
Canada Unemployment Rate 6.90 6.70 percent Apr 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
3.49 3.52 12.44 0.23 1985 - 2026 percent Daily

News Stream
Canada 10-Year Bond Yield Pulls Back
Canada’s 10-year government bond yield fell to 3.5% from the two-year high of 3.62% reached on May 4th, as pessimistic labor data consolidated bets of a dovish Bank of Canada. Net employment in Canada unexpectedly fell by 17.7 thousand jobs from the previous month in April, and the unemployment rate rose to a six-month high. The data aligned with the BoC's signal that it would prioritize growth this year as it does not see high risks of inflation becoming entrenched, so far. Still, elevated energy prices helped push Canada’s annual inflation rate to 2.4% in March. New tensions between Iran and the US drove markets to be cautious about the possibility of an agreement that restores oil supply from the region, halting the pullback in oil prices.
2026-05-08
Canada 10-Year Yield Falls as Oil Prices Ease
Canada’s 10-year government bond yield fell to 3.5% from the two-year high of 3.62% on May 4th, as a sharp drop in oil prices limited pro-inflationary risks in Canada's economy. Crude prices declined on signs that the US is attempting to end the war with Iran after sending Tehran a memorandum that could start restoring tanker flows in the Persian Gulf. The retreat in oil prices reinforced the Bank of Canada’s decision to not include hawkish signals in its latest rate decision. The central bank held its rate unchanged and noted that so far, there are little risks that higher oil prices should trigger a broad increase in underlying price growth that de-anchors inflation expectations. Higher oil prices had driven Canada's headline inflation rate to rise to 2.4% in March.
2026-05-07
Canada 10-Year Bond Yield Rises
Canada’s 10-year government bond yield rose to 3.62% on May 4th, as a sharp jump in energy prices stoked concerns about a potential inflation shock. Reports of attacks in the UAE helped push oil prices sharply higher, reinforcing fears that elevated crude costs could feed into broader price pressures. That comes after March inflation had already shown the impact of higher energy prices on Canada’s CPI, keeping markets alert to renewed upside risks. At the same time, GDP stalled in March, a softer reading that could help limit further gains in yields by underscoring weaker growth. The Bank of Canada recently held rates unchanged, saying inflation expectations remain anchored, while stronger March earnings reduced the urgency for near-term cuts.
2026-05-04