Canada’s 10-year government bond yield held steady near 3.5% after the Bank of Canada left its benchmark interest rate unchanged at 2.25%, in line with expectations. The central bank noted that uncertainty remains elevated amid escalating tensions in the Middle East and new US tariff proposals, while reiterating that it stands ready to act if necessary and will not allow higher energy prices to feed persistent inflation. Markets continue to price in a 25bps rate hike by December. However, the 10-year yield remains below its May highs, tracking a decline in US Treasury yields as investors speculate that a potential US–Iran agreement could help ease geopolitical tensions.

The yield on Canada 10Y Bond Yield eased to 3.48% on June 10, 2026, marking a 0.01 percentage points decrease from the previous session. Over the past month, the yield has fallen by 0.06 points, though it remains 0.13 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 June 10 of 2026.

The yield on Canada 10Y Bond Yield eased to 3.48% on June 10, 2026, marking a 0.01 percentage points decrease from the previous session. Over the past month, the yield has fallen by 0.06 points, though it remains 0.13 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 3.46 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 3.25 in 12 months time.



Bonds Yield Day Month Year Date
Canada 10Y 3.48 -0.005% -0.056% 0.134% Jun/10
Canada 1M 2.27 -0.020% 0% -0.415% Jun/10
Canada 52W 2.58 -0.030% -0.080% -0.080% Jun/10
Canada 20Y 3.75 -0.007% -0.034% 0.177% Jun/10
Canada 2Y 2.83 -0.013% -0.106% 0.155% Jun/10
Canada 30Y 3.87 -0.007% -0.041% 0.230% Jun/10
Canada 3M 2.30 -0.011% -0.010% -0.380% Jun/10
Canada 3Y 2.92 -0.013% -0.103% 0.176% Jun/10
Canada 5Y 3.13 -0.010% -0.062% 0.187% Jun/10
Canada 6M 2.36 -0.010% -0.040% -0.313% Jun/10
Canada 7Y 3.23 -0.009% -0.068% 0.059% Jun/10



Related Last Previous Unit Reference
Canada Inflation Rate 2.80 2.40 percent Apr 2026
Canada Interest Rate 2.25 2.25 percent Jun 2026
Canada Unemployment Rate 6.60 6.90 percent May 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
3.48 3.49 12.44 0.23 1985 - 2026 percent Daily

News Stream
Canada 10-Year Yield Steady After BoC Rate Hold
Canada’s 10-year government bond yield held steady near 3.5% after the Bank of Canada left its benchmark interest rate unchanged at 2.25%, in line with expectations. The central bank noted that uncertainty remains elevated amid escalating tensions in the Middle East and new US tariff proposals, while reiterating that it stands ready to act if necessary and will not allow higher energy prices to feed persistent inflation. Markets continue to price in a 25bps rate hike by December. However, the 10-year yield remains below its May highs, tracking a decline in US Treasury yields as investors speculate that a potential US–Iran agreement could help ease geopolitical tensions.
2026-06-10
Canada's Bond Yields Advance Amid US-Iran Tensions
Canada's 10-year government bond yield rose to 3.43% in early June as escalating trade tensions and renewed conflict in the Middle East increased inflation concerns. Tensions in the Gulf intensified after Iranian attacks on Kuwait, while US strikes near the Strait of Hormuz and limited diplomatic progress clouded prospects for a resolution. Oil prices remained above $95 per barrel, fueling worries about energy-driven inflation and supporting higher bond yields. Meanwhile, the Bank of Canada is widely expected to leave interest rates unchanged at next week's meeting and avoid signaling a clear tightening bias. Weak domestic demand and a slowing economy continue to limit underlying inflation pressures, reinforcing expectations of a neutral policy stance.
2026-06-04
Canada 10-Year Bond Yield Retreats From 2-Year High
Canada's 10-year government bond yield fell to 3.45% from the two-year high of 3.7% touched on May 19th, tracking similar moves in the US as the outlook of soaring inflation was tamed by a pullback in energy prices. The US and Iran signaled they were closer to agreeing on a deal to end the war and restore energy supply from the key region. Despite fresh strikes that dented optimism on a deal, the drop in energy costs aligned with the Bank of Canada's signal that it does not see high energy prices spreading to inflation in core sectors of the economy. Likewise, the latest inflation report indicated that the Bank of Canada’s preferred core inflation gauges slowed more than expected to their lowest levels in five years. In turn, the GDP is expected to have been flat in the first quarter, also supporting the case for lower rates.
2026-05-26