The Canadian 10-year government bond yield rose toward the 3.6% mark, reaching an eight-month high as a surge in US Treasury yields and persistent Middle Eastern tensions overshadowed the fleeting relief from President Trump’s strike postponement. This upward movement was largely a response to the US 10-year yield reaching its highest level in eight months due to pro-inflationary risks and a sharp increase in deficit spending for military expansion. While the Bank of Canada held its overnight rate at 2.25% on March 18th its Governing Council warned that energy price volatility and the potential closure of the Strait of Hormuz maintain structurally higher inflation risks that could necessitate further tightening. Domestically Canada faces its own fiscal pressures with the 2026-27 Main Estimates projecting $502.8 billion in spending including a substantial $48.4 billion for national defense which has added to the supply side pressure on long-term yields.

The yield on Canada 10Y Bond Yield rose to 3.60% on March 24, 2026, marking a 0.06 percentage points increase from the previous session. Over the past month, the yield has edged up by 0.40 points and is 0.53 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 March 24 of 2026.

The yield on Canada 10Y Bond Yield rose to 3.60% on March 24, 2026, marking a 0.06 percentage points increase from the previous session. Over the past month, the yield has edged up by 0.40 points and is 0.53 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 3.55 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 3.31 in 12 months time.



Bonds Yield Day Month Year Date
Canada 10Y 3.60 0.060% 0.399% 0.527% Mar/24
Canada 1M 2.28 0.020% 0.100% -0.316% Mar/24
Canada 52W 2.72 0.066% 0.386% 0.104% Mar/24
Canada 20Y 3.89 0.066% 0.318% 0.665% Mar/24
Canada 2Y 3.01 0.043% 0.550% 0.433% Mar/24
Canada 30Y 3.99 0.057% 0.292% 0.684% Mar/24
Canada 3M 2.30 0.015% 0.105% -0.343% Mar/24
Canada 3Y 3.02 0.044% 0.539% 0.433% Mar/24
Canada 5Y 3.25 0.064% 0.505% 0.519% Mar/24
Canada 6M 2.38 0.017% 0.142% -0.261% Mar/24
Canada 7Y 3.37 0.053% 0.435% 0.432% Mar/24



Related Last Previous Unit Reference
Canada Inflation Rate 1.80 2.30 percent Feb 2026
Canada Interest Rate 2.25 2.25 percent Mar 2026
Canada Unemployment Rate 6.70 6.50 percent Feb 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
3.60 3.54 12.44 0.23 1985 - 2026 percent Daily

News Stream
Canada 10-Year Bond Yield Reaches 8-Month High
The Canadian 10-year government bond yield rose toward the 3.6% mark, reaching an eight-month high as a surge in US Treasury yields and persistent Middle Eastern tensions overshadowed the fleeting relief from President Trump’s strike postponement. This upward movement was largely a response to the US 10-year yield reaching its highest level in eight months due to pro-inflationary risks and a sharp increase in deficit spending for military expansion. While the Bank of Canada held its overnight rate at 2.25% on March 18th its Governing Council warned that energy price volatility and the potential closure of the Strait of Hormuz maintain structurally higher inflation risks that could necessitate further tightening. Domestically Canada faces its own fiscal pressures with the 2026-27 Main Estimates projecting $502.8 billion in spending including a substantial $48.4 billion for national defense which has added to the supply side pressure on long-term yields.
2026-03-24
Canada 10-Year Bond Yield Retreats
The Canadian 10-year government bond yield settled around 3.55% as global markets reacted to a potential de-escalation in the Middle East following Donald Trump's order to pause strikes on Iranian energy infrastructure. This shift represents a transition from peak stagflation fears toward a fragile relief rally as WTI crude plummeted in response to the five-day cooling-off period. Investors are now recalibrating expectations for the Bank of Canada and the Federal Reserve as major central banks signal a readiness to tighten policy further if price pressures persist.
2026-03-23
Canada 10Y Bond Yield Hits 20-month High
Canada 10 Year Government Bond Yield increased to 3.64%, the highest since July 2024. Over the past 4 weeks, Canada 10Y Bond Yield gained 44.60 basis points, and in the last 12 months, it increased 64.35 basis points.
2026-03-23