Canada yield curve slope: 10-year minus 2-year
The 10-year yield minus the 2-year yield, in percentage points.
Daily (business days), delayed Observed 2026-11-05 · retrieved 2026-11-07 · Source: Bank of Canada · Not a live quote.
Canada yield curve slope: 10-year minus 2-year over time
Daily observations. Use the period buttons to change the range; the table beneath the chart lists the values.
Canada yield curve slope: 10-year minus 2-year
percentage points. Percentage points; below zero means the curve is inverted.
Chart loads when it comes into view.
Latest values: Canada yield curve slope: 10-year minus 2-year 0.5 (2026-11-05).
Quotation convention. Percentage points; below zero means the curve is inverted.
What this indicator is and why it is watched
What it measures
The 10-year yield minus the 2-year yield, in percentage points.
Why it is watched
A common summary of the shape of the yield curve: positive when long yields exceed short yields, negative (an inverted curve) when short yields exceed long ones.
How it connects to the wider economy
Context, not a claim of cause.
An inverted curve has often come before slower growth, but it is not a guarantee of a recession and the lead time has varied. The slope also reflects term premia and policy expectations, which can change for reasons unrelated to growth.
Northline describes relationships as documented mechanisms, statistical associations or hypotheses. Nothing on this page states that a movement in this indicator caused a movement in another.
How the data are produced
- Publisher
- Bank of Canada
- Dataset
- BD.CDN.10YR.DQ.YLD
- Frequency
- Daily
- Unit
- percentage points
- Observations
- 4,205 (long history)
- Retrieved
- 2026-11-07
- Series id
ca23_10y_minus_2y- Derived
- Computed by Northline from the published series named in the method note.
Derived by Northline from Bank of Canada benchmark yields (10-year minus 2-year, same day).
Adapted from Source: Bank of Canada, Benchmark bond yield, 10-year (BD.CDN.10YR.DQ.YLD). Content reused under the Bank of Canada terms (https://www.bankofcanada.ca/terms/); changes: values unchanged. and Source: Bank of Canada, Benchmark bond yield, 2-year (BD.CDN.2YR.DQ.YLD). Content reused under the Bank of Canada terms (https://www.bankofcanada.ca/terms/); changes: values unchanged.
Licence conditions: see source terms: https://www.bankofcanada.ca/terms/; attribution required.
Missing observations are left missing and are never interpolated. Statistical agencies can revise published values; the observation date and retrieval date above identify the version shown. Methodology and sources.
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