Notes on Canadian bond yields

Government of Canada Benchmark Bond Yields – 2, 3, 5, 7 & 10 Year

Source: Bank of Canada, Data and Statistics Office

• The rates are based on actual mid-market closing yields of selected Canada bond issues that mature approximately in the indicated term areas.
• At times, some of the change in the yield occurring over a reporting period may reflect a switch to a more topical issue.

Government of Canada Benchmark Bond Yields – Long Term

Source: Bank of Canada, Data and Statistics Office

• The rates are based on actual mid-market closing yields of selected Canada bond issues that mature approximately in the indicated term areas.
• At times, some of the change in the yield occurring over a reporting period may reflect a switch to a more topical issue.

Government of Canada Marketable Bonds, Average Yield – 1 to 3, 3 to 5, 5 to 10 Year

Source: Bank of Canada, Data and Statistics Office

• The yields refer to direct debt payable in Canadian dollars, excluding extendible issues and Canada Savings Bonds.
• Before 1975, some extendible issues are included, but their inclusion does not materially affect the calculated average yields.
• From 1949 to 1958, the rates are the arithmetic averages of yields at month-end.
• From 1959, the yields shown are calculated from Wednesday mid-market closing prices and are for the last Wednesday of the month.

Government of Canada Marketable Bonds, Average Yield – Over 10 Years

Source: Bank of Canada, Data and Statistics Office

• Rates shown for 1919 to 1936 are monthly averages for selected long-term bond issues.
• Rates shown for 1936 to 1948 are theoretical 15-year bond yields based on middle of the market quotations.

Other Bond Yield Averages (McLeod, Young, Weir) – 10 Provincials (Terminated)

Source: McLeod, Young, Weir

The yields shown are as at month‐end.

Other Bond Yield Averages (McLeod, Young, Weir) – 10 Municipals (Terminated)

Source: McLeod, Young, Weir

The yields shown are as at month‐end.

Other Bond Yield Averages (McLeod, Young, Weir) – 10 Industrials (Terminated)

Source: McLeod, Young, Weir

The yields shown are as at month‐end.

Other Bonds: Average Weighted Yield (Scotia Capital) – Provincials, long-term (Terminated)

Source: Scotia Capital Inc.

• The yields shown are on the last Wednesday of the month.
• Before July 1981, the yields are based on prices on the Thursday following the last Wednesday of the month.

Other Bonds: Average Weighted Yield (Scotia Capital) – All Corporates, mid and long-term (Terminated)

Source: Scotia Capital Inc.

• The yields shown are on the last Wednesday of the month.
• Before July 1981, the yields are based on prices on the Thursday following the last Wednesday of the month.