The yield on Canada’s 10 year government bond rose past 3.41% as markets reassessed the outlook for Bank of Canada policy following firmer domestic labour data. January figures showed the unemployment rate falling to 6.5%, full time employment continuing to grow year on year and wage growth holding near 3.3%, reinforcing evidence that labour market slack is not widening decisively and that rapid near term rate cuts are less likely. The move was amplified by higher global rates as the US 10 year also firmed toward the low 4% area. Bank of Canada messaging cautioning against premature easing and highlighting uncertainty around structural versus cyclical weakness has further supported higher term premia, keeping upward pressure on longer dated Canadian yields.

The yield on Canada 10Y Bond Yield rose to 3.41% on February 6, 2026, marking a 0.01 percentage points increase from the previous session. Over the past month, the yield has edged up by 0.01 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 February 7 of 2026.

The yield on Canada 10Y Bond Yield rose to 3.41% on February 6, 2026, marking a 0.01 percentage points increase from the previous session. Over the past month, the yield has edged up by 0.01 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 3.37 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 3.15 in 12 months time.



Bonds Yield Day Month Year Date
Canada 10Y 3.41 0.006% 0.012% 0.334% Feb/06
Canada 1M 2.20 -0.050% 0.020% -0.753% Feb/06
Canada 52W 2.34 -0.005% -0.040% -0.425% Feb/06
Canada 20Y 3.73 -0.004% -0.003% 0.525% Feb/06
Canada 2Y 2.55 0.004% -0.020% -0.142% Feb/06
Canada 30Y 3.85 -0.004% 0.001% 0.587% Feb/06
Canada 3M 2.20 0.002% -0.013% -0.668% Feb/06
Canada 3Y 2.57 0.007% -0.055% -0.114% Feb/06
Canada 5Y 2.92 0.006% -0.017% 0.156% Feb/06
Canada 6M 2.25 -0.005% 0% -0.565% Feb/06
Canada 7Y 3.11 0.007% -0.015% 0.156% Feb/06



Related Last Previous Unit Reference
Canada Inflation Rate 2.40 2.20 percent Dec 2025
Canada Interest Rate 2.25 2.25 percent Jan 2026
Canada Unemployment Rate 6.50 6.80 percent Jan 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
3.41 3.40 12.44 0.23 1985 - 2026 percent Daily

News Stream
Canada 10-Year Bond Yield Rises After Strong Labor Data
The yield on Canada’s 10 year government bond rose past 3.41% as markets reassessed the outlook for Bank of Canada policy following firmer domestic labour data. January figures showed the unemployment rate falling to 6.5%, full time employment continuing to grow year on year and wage growth holding near 3.3%, reinforcing evidence that labour market slack is not widening decisively and that rapid near term rate cuts are less likely. The move was amplified by higher global rates as the US 10 year also firmed toward the low 4% area. Bank of Canada messaging cautioning against premature easing and highlighting uncertainty around structural versus cyclical weakness has further supported higher term premia, keeping upward pressure on longer dated Canadian yields.
2026-02-06
Canada 10-Year Bond Yield Near 1-Month High
The yield on Canada’s 10 year government bond climbed past 3.45%, the highest in nearly a month, as a firmer US yield backdrop and tighter cross border duration pricing outweighed softer domestic fundamentals. US 10 year yields were testing their highest levels since August, supported by stronger US activity data and a reassessment of Federal Reserve policy following the nomination of Kevin Warsh, lifting the US risk free curve and increasing the opportunity cost of holding Canadian duration. Domestically, upside in Canadian yields remained constrained after real GDP was essentially flat in November and goods producing industries contracted 0.3%, marking the third decline in four months and reinforcing signs of excess capacity. That backdrop was echoed by the Bank of Canada’s decision on January 28 to hold the policy rate at 2.25% while stressing data dependence and lingering slack, limiting the case for a more restrictive stance and capping domestic yield pressure.
2026-02-03
Canada 10Y Bond Yield Hits 4-week High
Canada 10 Year Government Bond Yield increased to 3.45%, the highest since January 2026. Over the past 4 weeks, Canada 10Y Bond Yield gained 2.30 basis points, and in the last 12 months, it increased 43.20 basis points.
2026-02-03