Government of Canada 10-year benchmark bond yield, Canada
Government of Canada 10-year benchmark bond yield was 3.88% in September 2026, up 0.21 pp from August 2026 and up 0.66 pp from a year earlier. The figure is published by Bank of Canada in Valet BD.CDN.10YR.DQ.YLD. The series starts in January 2006 and has 249 observations. Source: Bank of Canada.
- On the previous reading (August 2026): up 0.21 pp, to 3.88%
- On a year earlier (September 2025): up 0.66 pp
- Against the five-year average of 3.15%: above
Sparklines: the last ten years; the amber dot marks the reading in the tile. Source: Bank of Canada. Monthly figures are EconoMonitor calculations from the Bank's daily data. This information is available free of charge on bankofcanada.ca. EconoMonitor is not affiliated with or endorsed by the Bank of Canada.
Overview
Over the last five years the series ranged from 1.26% (September 2021) to 4.06% (October 2023). Since January 2006 the full range is 0.52% (July 2020) to 4.61% (June 2007).
Key facts
| Reading | Period | Value |
|---|---|---|
| Latest | September 2026 | 3.88% |
| Previous | August 2026 | 3.67% |
| A year earlier | September 2025 | 3.22% |
| Five-year high | October 2023 | 4.06% |
| Five-year low | September 2021 | 1.26% |
| First observation | January 2006 | 4.03% |
Unit: percent. Source: Bank of Canada. Monthly figures are EconoMonitor calculations from the Bank's daily data. This information is available free of charge on bankofcanada.ca. EconoMonitor is not affiliated with or endorsed by the Bank of Canada.
How has it moved since January 2006?
Full history
- Government of Canada 10-year benchmark bond yield 3.9%
Last five years
- Government of Canada 10-year benchmark bond yield 3.9%
Latest readings
| Period | Value | Change from previous |
|---|---|---|
| September 2025 | 3.22% | -0.20 pp |
| October 2025 | 3.13% | -0.10 pp |
| November 2025 | 3.17% | +0.05 pp |
| December 2025 | 3.39% | +0.21 pp |
| January 2026 | 3.40% | +0.01 pp |
| February 2026 | 3.29% | -0.11 pp |
| March 2026 | 3.44% | +0.15 pp |
| April 2026 | 3.48% | +0.04 pp |
| May 2026 | 3.54% | +0.06 pp |
| June 2026 | 3.42% | -0.12 pp |
| July 2026 | 3.55% | +0.13 pp |
| August 2026 | 3.67% | +0.13 pp |
| September 2026 | 3.88% | +0.21 pp |
How does the latest reading compare?
The latest reading of 3.88% in September 2026 is above its five-year average of 3.15% and above its ten-year average of 2.35%. It is higher than 90% of all 249 readings since January 2006. It has risen for 3 readings in a row up to September 2026. Over the last 12 readings, from October 2025 to September 2026, it averaged 3.45%, with a high of 3.88% in September 2026 and a low of 3.13% in October 2025. In the last ten years the largest rise from one reading to the next was in April 2022, to 2.70% from 2.13% in March 2022, and the largest fall was in December 2023, to 3.23% from 3.71% in November 2023.
Among the last 9 complete years, the average was highest in 2023, at 3.36%, and lowest in 2020, at 0.75%.
Year by year
| Year | Average | Low | High | Last reading | Readings |
|---|---|---|---|---|---|
| 2026 | 3.52% | 3.29% | 3.88% | 3.88% September 2026 | 9 |
| 2025 | 3.23% | 3.01% | 3.48% | 3.39% December 2025 | 12 |
| 2024 | 3.34% | 2.94% | 3.70% | 3.16% December 2024 | 12 |
| 2023 | 3.36% | 2.91% | 4.06% | 3.23% December 2023 | 12 |
| 2022 | 2.77% | 1.76% | 3.38% | 2.94% December 2022 | 12 |
| 2021 | 1.36% | 0.81% | 1.69% | 1.45% December 2021 | 12 |
| 2020 | 0.75% | 0.52% | 1.49% | 0.73% December 2020 | 12 |
| 2019 | 1.59% | 1.21% | 1.95% | 1.60% December 2019 | 12 |
| 2018 | 2.28% | 2.06% | 2.49% | 2.06% December 2018 | 12 |
| 2017 | 1.78% | 1.50% | 2.05% | 1.92% December 2017 | 12 |
Averages, lows and highs are calculated by EconoMonitor from the published readings. Source: Bank of Canada. Monthly figures are EconoMonitor calculations from the Bank's daily data. This information is available free of charge on bankofcanada.ca. EconoMonitor is not affiliated with or endorsed by the Bank of Canada.
How is it measured?
Monthly average of the daily 10-year benchmark bond yield.
Government of Canada 10-year benchmark bond yield is published monthly by Bank of Canada in its Valet BD.CDN.10YR.DQ.YLD release. It is measured in percent. EconoMonitor holds all 249 readings since January 2006 under the publisher's code BD.CDN.10YR.DQ.YLD, keeps earlier values when the publisher revises them, and compares each release with the downloaded file before it is shown. Formula: average of daily BD.CDN.10YR.DQ.YLD values in the month.
Related measures on this site: Government of Canada 2-year benchmark bond yield was 3.27% in September 2026; Bank of Canada policy rate (target for the overnight rate) was 2.25% in September 2026.
- Formula: average of daily BD.CDN.10YR.DQ.YLD values in the month.
- Frequency: monthly.
- Unit: percent.
- Release: Valet BD.CDN.10YR.DQ.YLD, published by Bank of Canada.
- Source series code: BD.CDN.10YR.DQ.YLD.
- Methodology: how EconoMonitor stores and checks this series.
Questions and sources
What is the latest reading of Government of Canada 10-year benchmark bond yield?
3.88% in September 2026, as published by Bank of Canada.
How often is it updated?
Monthly, with each Valet BD.CDN.10YR.DQ.YLD release. EconoMonitor reloads the series after each release and keeps earlier values when the publisher revises them.
Where can I check it?
At the publisher: Bank of Canada Valet API, series code BD.CDN.10YR.DQ.YLD.
Definitions of the other measures quoted on this page: Government of Canada 2-year benchmark bond yield (CA), Bank of Canada policy rate (target for the overnight rate) (CA).
Source: Bank of Canada. Monthly figures are EconoMonitor calculations from the Bank's daily data. This information is available free of charge on bankofcanada.ca. EconoMonitor is not affiliated with or endorsed by the Bank of Canada. Checks for this release: Check A passed, Check B passed.
Data and analysis only, not financial advice. Data publishers do not endorse EconoMonitor. See the disclaimer and methodology.