Canada 10-Year Yield Hits Highest Since 2024

2026-08-21 18:39 By Isabela Couto 1 min. read

Canada’s 10-year government bond yield rose to 3.76%, its highest level since April 2024, as a global selloff in government bonds pushed long-term borrowing costs across developed markets to multiyear highs.

The move tracked higher US Treasury yields, which rebounded after losses triggered by the Treasury Department’s announcement of a larger bond buyback.

Global yields had previously surged on rising US Treasury yields, as increased credit supply and persistent inflation risks fueled a broader aversion to longer-maturity bonds.

Oil prices remained elevated near multi-month highs, adding to inflation concerns.

In contrast, weaker-than-expected retail sales indicated softer consumer spending and reinforced expectations that the BoC will keep interest rates unchanged next week.

However, stronger-than-expected factory sales and a resilient labor market provided a counterpoint, while the economy is estimated to have expanded at an annualized 3.4% in 2Q26, above the BoC’s 2.5% forecast.



News Stream
Canada 10-Year Yield Hits Highest Since 2024
Canada’s 10-year government bond yield rose to 3.76%, its highest level since April 2024, as a global selloff in government bonds pushed long-term borrowing costs across developed markets to multiyear highs. The move tracked higher US Treasury yields, which rebounded after losses triggered by the Treasury Department’s announcement of a larger bond buyback. Global yields had previously surged on rising US Treasury yields, as increased credit supply and persistent inflation risks fueled a broader aversion to longer-maturity bonds. Oil prices remained elevated near multi-month highs, adding to inflation concerns. In contrast, weaker-than-expected retail sales indicated softer consumer spending and reinforced expectations that the BoC will keep interest rates unchanged next week. However, stronger-than-expected factory sales and a resilient labor market provided a counterpoint, while the economy is estimated to have expanded at an annualized 3.4% in 2Q26, above the BoC’s 2.5% forecast.
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