Canada’s 10-year government bond yield fell below 3.40% in late June, the lowest in over three months, as evidence of low underlying inflation backed expectations that the Bank of Canada will refrain from raising rates this year. Core inflation measures tracked by the Bank of Canada remained close to the central bank’s 2% target in May, despite a surge in energy prices during the period. The reading aligned with the BoC’s earlier view that the conflict in Iran may have only transitory effects on headline inflation. The BoC kept its key interest rate unchanged at 2.25% at its latest meeting and signaled that risks remain balanced across its inflation and employment mandate amid an uncertain economic backdrop. Meanwhile, the US Federal Reserve adopted a more hawkish tone at its latest meeting by projecting rate hikes by December. The shift prompted investors to scale back expectations for monetary easing, limiting declines in North American bond yields.

The yield on Canada 10Y Bond Yield held steady at 3.39% on June 26, 2026. Over the past month, the yield has fallen by 0.08 points, though it remains 0.08 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 27 of 2026.

The yield on Canada 10Y Bond Yield held steady at 3.39% on June 26, 2026. Over the past month, the yield has fallen by 0.08 points, though it remains 0.08 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 3.39 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 3.18 in 12 months time.



Bonds Yield Day Month Year Date
Canada 10Y 3.39 0.004% -0.079% 0.081% Jun/26
Canada 1M 2.28 0% 0.020% -0.405% Jun/26
Canada 52W 2.55 0.005% -0.080% -0.045% Jun/26
Canada 20Y 3.67 0.011% -0.041% 0.132% Jun/26
Canada 2Y 2.75 -0.003% -0.115% 0.155% Jun/26
Canada 30Y 3.80 0.011% -0.038% 0.202% Jun/26
Canada 3M 2.28 0.004% -0.020% -0.383% Jun/26
Canada 3Y 2.85 -0.002% -0.106% 0.188% Jun/26
Canada 5Y 3.01 -0.007% -0.125% 0.167% Jun/26
Canada 6M 2.35 -0.022% -0.040% -0.285% Jun/26
Canada 7Y 3.11 -0.007% -0.132% 0.018% Jun/26



Related Last Previous Unit Reference
Canada Inflation Rate 3.20 2.80 percent May 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
3.39 3.38 12.44 0.23 1985 - 2026 percent Daily

News Stream
Canada 10-Year Yield Eases on Soft Core Inflation
Canada’s 10-year government bond yield fell below 3.40% in late June, the lowest in over three months, as evidence of low underlying inflation backed expectations that the Bank of Canada will refrain from raising rates this year. Core inflation measures tracked by the Bank of Canada remained close to the central bank’s 2% target in May, despite a surge in energy prices during the period. The reading aligned with the BoC’s earlier view that the conflict in Iran may have only transitory effects on headline inflation. The BoC kept its key interest rate unchanged at 2.25% at its latest meeting and signaled that risks remain balanced across its inflation and employment mandate amid an uncertain economic backdrop. Meanwhile, the US Federal Reserve adopted a more hawkish tone at its latest meeting by projecting rate hikes by December. The shift prompted investors to scale back expectations for monetary easing, limiting declines in North American bond yields.
2026-06-24
Canadian Yields Rise on Fed Outlook
Canada's 10-year government bond yield rose slightly to around 3.4% after the Federal Reserve struck a more hawkish tone at its latest meeting. As widely expected, the Fed left interest rates unchanged, but its projections were viewed as more hawkish than anticipated, with roughly half of FOMC members expecting at least one rate hike this year. The Fed also raised its inflation forecasts, prompting investors to scale back expectations for monetary easing and putting upward pressure on North American bond yields. Meanwhile, the BoC kept its key interest rate unchanged at 2.25% at its latest meeting. The central bank said uncertainty remains elevated amid tensions in the Middle East and new US tariff proposals, but reiterated that it stands ready to act if needed and will not allow higher energy prices to trigger persistent inflation. Investors largely expect the BoC to raise borrowing costs by 25 basis points in December.
2026-06-17
Canada 10Y Bond Yield Hits 9-week Low
Canada 10 Year Government Bond Yield decreased to 3.39%, the lowest since April 2026. Over the past 4 weeks, Canada 10Y Bond Yield lost 18.30 basis points, and in the last 12 months, it increased 8.15 basis points.
2026-06-12