2-Year Government of Canada Bond Yield

(BOND_2Y)
Observations
Oct 2026: 3.23
Updated: 2026-10-09, 6:18:49 a.m. ET
Units
Percent,
Benchmark bond yield, daily
Frequency
Daily
Source
Bank of Canada, Valet
Series ID
BOND_2Y
Valet BD.CDN.2YR.DQ.YLD
CRED2-Year Government of Canada Bond Yield
COVID-19 recessionGlobal Financial Crisis00.511.522.533.544.555.5200120042007201020132016201920222025Percent2001-01-02: 5.112001-01-24: 5.082001-02-15: 5.052001-03-09: 4.732001-04-02: 4.872001-04-25: 4.762001-05-17: 4.952001-06-11: 4.772001-07-04: 5.032001-07-26: 4.692001-08-20: 4.462001-09-12: 3.672001-10-04: 3.452001-10-29: 3.042001-11-21: 3.382001-12-13: 3.342002-01-09: 3.052002-01-31: 3.322002-02-22: 3.242002-03-18: 4.022002-04-10: 4.372002-05-02: 4.162002-05-27: 4.212002-06-18: 3.932002-07-11: 3.742002-08-02: 3.022002-08-27: 3.572002-09-19: 3.442002-10-11: 3.412002-11-05: 3.262002-11-28: 3.462002-12-20: 3.212003-01-16: 3.322003-02-07: 3.472003-03-03: 3.452003-03-25: 3.862003-04-16: 3.692003-05-09: 3.562003-06-03: 3.12003-06-25: 3.052003-07-18: 2.92003-08-12: 2.972003-09-04: 3.22003-09-26: 3.012003-10-21: 3.252003-11-13: 3.282003-12-05: 3.182003-12-31: 2.962004-01-23: 2.62004-02-16: 2.412004-03-09: 2.32004-03-31: 2.432004-04-23: 2.822004-05-17: 3.012004-06-09: 3.272004-07-02: 3.122004-07-26: 3.22004-08-18: 2.992004-09-10: 3.112004-10-04: 3.322004-10-27: 3.232004-11-19: 3.232004-12-13: 2.922005-01-07: 3.092005-01-31: 2.92005-02-22: 2.852005-03-16: 3.152005-04-08: 3.162005-05-02: 3.062005-05-25: 32005-06-16: 2.92005-07-11: 3.012005-08-03: 3.072005-08-25: 3.072005-09-19: 3.142005-10-12: 3.412005-11-03: 3.662005-11-28: 3.692005-12-20: 3.812006-01-16: 3.792006-02-07: 3.982006-03-01: 3.952006-03-23: 3.982006-04-17: 4.072006-05-09: 4.12006-06-01: 4.152006-06-23: 4.412006-07-18: 4.262006-08-10: 4.142006-09-01: 3.942006-09-26: 3.882006-10-19: 4.062006-11-10: 3.942006-12-05: 3.82006-12-29: 4.022007-01-23: 4.082007-02-14: 4.092007-03-08: 3.92007-03-30: 3.982007-04-24: 4.122007-05-16: 4.232007-06-08: 4.672007-07-03: 4.592007-07-25: 4.692007-08-17: 4.182007-09-11: 4.212007-10-03: 4.142007-10-26: 4.132007-11-20: 3.652007-12-12: 3.782008-01-08: 3.472008-01-30: 3.172008-02-22: 3.142008-03-17: 2.32008-04-09: 2.692008-05-01: 2.732008-05-26: 3.022008-06-17: 3.272008-07-10: 3.152008-08-01: 2.882008-08-26: 2.832008-09-18: 2.592008-10-10: 2.212008-11-04: 1.972008-11-27: 1.722008-12-19: 1.262009-01-15: 0.962009-02-06: 1.142009-03-03: 0.982009-03-25: 1.122009-04-17: 1.162009-05-11: 1.092009-06-03: 1.152009-06-25: 1.232009-07-20: 1.212009-08-12: 1.322009-09-03: 1.252009-09-28: 1.272009-10-21: 1.512009-11-13: 1.382009-12-07: 1.222009-12-31: 1.472010-01-25: 1.182010-02-17: 1.342010-03-11: 1.522010-04-05: 1.832010-04-27: 1.912010-05-19: 1.752010-06-11: 1.782010-07-06: 1.422010-07-28: 1.62010-08-20: 1.32010-09-14: 1.462010-10-06: 1.352010-10-29: 1.412010-11-23: 1.662010-12-15: 1.722011-01-11: 1.732011-02-02: 1.742011-02-25: 1.782011-03-21: 1.682011-04-12: 1.862011-05-05: 1.662011-05-30: 1.52011-06-21: 1.522011-07-14: 1.462011-08-08: 0.82011-08-30: 1.032011-09-22: 0.832011-10-17: 0.992011-11-08: 0.982011-12-01: 0.932011-12-23: 0.932012-01-19: 1.022012-02-10: 1.072012-03-06: 1.082012-03-28: 1.192012-04-20: 1.352012-05-14: 1.272012-06-06: 1.052012-06-28: 0.962012-07-23: 0.932012-08-15: 1.252012-09-07: 1.182012-10-01: 1.062012-10-24: 1.122012-11-16: 1.072012-12-10: 1.052013-01-04: 1.212013-01-28: 1.152013-02-20: 1.122013-03-14: 12013-04-08: 0.992013-04-30: 0.922013-05-23: 1.042013-06-14: 1.12013-07-09: 1.152013-07-31: 1.152013-08-23: 1.192013-09-17: 1.262013-10-09: 1.22013-11-01: 1.132013-11-26: 1.12013-12-18: 1.112014-01-14: 1.052014-02-05: 0.982014-02-28: 12014-03-24: 1.072014-04-15: 1.042014-05-08: 1.072014-06-02: 1.062014-06-24: 1.122014-07-17: 1.072014-08-11: 1.062014-09-03: 1.122014-09-25: 1.122014-10-20: 0.962014-11-12: 1.012014-12-04: 1.012014-12-30: 1.022015-01-22: 0.552015-02-13: 0.432015-03-10: 0.592015-04-01: 0.492015-04-24: 0.632015-05-19: 0.692015-06-10: 0.682015-07-03: 0.482015-07-27: 0.412015-08-19: 0.372015-09-11: 0.462015-10-05: 0.512015-10-28: 0.542015-11-20: 0.612015-12-14: 0.52016-01-08: 0.422016-02-01: 0.422016-02-24: 0.492016-03-17: 0.532016-04-11: 0.562016-05-03: 0.642016-05-26: 0.622016-06-17: 0.522016-07-12: 0.52016-08-04: 0.542016-08-26: 0.62016-09-20: 0.572016-10-13: 0.62016-11-04: 0.522016-11-29: 0.672016-12-21: 0.832017-01-17: 0.782017-02-08: 0.722017-03-03: 0.762017-03-27: 0.732017-04-19: 0.72017-05-11: 0.72017-06-05: 0.712017-06-27: 0.962017-07-20: 1.242017-08-14: 1.222017-09-06: 1.442017-09-28: 1.542017-10-23: 1.472017-11-15: 1.442017-12-07: 1.492018-01-03: 1.682018-01-25: 1.82018-02-16: 1.822018-03-13: 1.792018-04-05: 1.812018-04-27: 1.892018-05-22: 2.042018-06-13: 1.942018-07-06: 1.912018-07-30: 2.052018-08-22: 2.112018-09-14: 2.132018-10-09: 2.312018-10-31: 2.332018-11-23: 2.232018-12-17: 1.962019-01-11: 1.892019-02-04: 1.842019-02-27: 1.772019-03-21: 1.62019-04-12: 1.632019-05-07: 1.582019-05-30: 1.522019-06-21: 1.432019-07-16: 1.562019-08-08: 1.362019-08-30: 1.352019-09-24: 1.522019-10-17: 1.652019-11-08: 1.582019-12-03: 1.552019-12-27: 1.662020-01-21: 1.622020-02-12: 1.512020-03-06: 0.72020-03-30: 0.442020-04-22: 0.332020-05-14: 0.272020-06-08: 0.322020-06-30: 0.282020-07-23: 0.272020-08-17: 0.292020-09-09: 0.272020-10-01: 0.242020-10-26: 0.242020-11-18: 0.272020-12-10: 0.262021-01-06: 0.182021-01-28: 0.162021-02-22: 0.232021-03-16: 0.312021-04-08: 0.222021-04-30: 0.32021-05-25: 0.32021-06-16: 0.362021-07-09: 0.482021-08-03: 0.422021-08-25: 0.452021-09-17: 0.462021-10-13: 0.772021-11-04: 0.982021-11-29: 0.952021-12-21: 0.982022-01-17: 1.222022-02-08: 1.352022-03-03: 1.482022-03-25: 2.342022-04-19: 2.522022-05-11: 2.732022-06-03: 2.912022-06-27: 3.172022-07-20: 3.32022-08-12: 3.242022-09-06: 3.62022-09-28: 3.752022-10-24: 4.152022-11-16: 3.842022-12-08: 3.812023-01-04: 3.992023-01-26: 3.622023-02-17: 4.152023-03-14: 3.722023-04-05: 3.542023-04-28: 3.652023-05-23: 4.112023-06-14: 4.552023-07-07: 4.792023-07-31: 4.672023-08-23: 4.72023-09-15: 4.732023-10-11: 4.752023-11-02: 4.552023-11-27: 4.42023-12-19: 3.992024-01-15: 3.792024-02-06: 4.072024-02-29: 4.182024-03-22: 4.12024-04-16: 4.212024-05-08: 4.192024-05-31: 4.172024-06-24: 3.912024-07-17: 3.792024-08-09: 3.332024-09-03: 3.252024-09-25: 2.952024-10-21: 3.032024-11-13: 3.172024-12-05: 3.032024-12-31: 2.932025-01-23: 2.952025-02-14: 2.722025-03-11: 2.532025-04-02: 2.442025-04-25: 2.592025-05-20: 2.632025-06-11: 2.672025-07-04: 2.672025-07-28: 2.812025-08-20: 2.692025-09-12: 2.52025-10-07: 2.452025-10-30: 2.422025-11-24: 2.432025-12-16: 2.582026-01-12: 2.562026-02-03: 2.582026-02-26: 2.432026-03-20: 3.072026-04-14: 2.762026-05-06: 2.912026-05-29: 2.772026-06-22: 2.812026-07-15: 2.822026-08-07: 2.962026-08-31: 3.012026-09-23: 3.4
Source: Bank of Canada, Valet via CRED
Shaded areas indicate Canadian recessions (C.D. Howe Institute).

Notes

Units: Percent, Benchmark bond yield, daily

Frequency: Daily

Notes: The yield on the 2-year Government of Canada benchmark bond, the market's pricing of short-term sovereign borrowing. It moves closely with expectations for the Bank of Canada's policy rate over the next two years, making it the most policy-sensitive point on the yield curve. Published daily.

Suggested Citation: Bank of Canada, 2-Year Government of Canada Bond Yield BOND_2Y, retrieved from CRED, Canadian Research Economic Data; https://cred.nshipyard.com/series/BOND_2Y, October 9, 2026.

Release Tables

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CREDBank of Canada Policy Interest Rate
COVID-19 recession00.511.522.533.544.555.5201620182020202220242026Percent2016-10-01: 0.52016-11-01: 0.52016-12-01: 0.52017-01-01: 0.52017-02-01: 0.52017-03-01: 0.52017-04-01: 0.52017-05-01: 0.52017-06-01: 0.52017-07-01: 0.752017-08-01: 0.752017-09-01: 12017-10-01: 12017-11-01: 12017-12-01: 12018-01-01: 1.252018-02-01: 1.252018-03-01: 1.252018-04-01: 1.252018-05-01: 1.252018-06-01: 1.252018-07-01: 1.52018-08-01: 1.52018-09-01: 1.52018-10-01: 1.752018-11-01: 1.752018-12-01: 1.752019-01-01: 1.752019-02-01: 1.752019-03-01: 1.752019-04-01: 1.752019-05-01: 1.752019-06-01: 1.752019-07-01: 1.752019-08-01: 1.752019-09-01: 1.752019-10-01: 1.752019-11-01: 1.752019-12-01: 1.752020-01-01: 1.752020-02-01: 1.752020-03-01: 0.252020-04-01: 0.252020-05-01: 0.252020-06-01: 0.252020-07-01: 0.252020-08-01: 0.252020-09-01: 0.252020-10-01: 0.252020-11-01: 0.252020-12-01: 0.252021-01-01: 0.252021-02-01: 0.252021-03-01: 0.252021-04-01: 0.252021-05-01: 0.252021-06-01: 0.252021-07-01: 0.252021-08-01: 0.252021-09-01: 0.252021-10-01: 0.252021-11-01: 0.252021-12-01: 0.252022-01-01: 0.252022-02-01: 0.252022-03-01: 0.52022-04-01: 12022-05-01: 12022-06-01: 1.52022-07-01: 2.52022-08-01: 2.52022-09-01: 3.252022-10-01: 3.752022-11-01: 3.752022-12-01: 4.252023-01-01: 4.52023-02-01: 4.52023-03-01: 4.52023-04-01: 4.52023-05-01: 4.52023-06-01: 4.752023-07-01: 52023-08-01: 52023-09-01: 52023-10-01: 52023-11-01: 52023-12-01: 52024-01-01: 52024-02-01: 52024-03-01: 52024-04-01: 52024-05-01: 52024-06-01: 4.752024-07-01: 4.52024-08-01: 4.52024-09-01: 4.252024-10-01: 3.752024-11-01: 3.752024-12-01: 3.252025-01-01: 32025-02-01: 32025-03-01: 2.752025-04-01: 2.752025-05-01: 2.752025-06-01: 2.752025-07-01: 2.752025-08-01: 2.752025-09-01: 2.52025-10-01: 2.252025-11-01: 2.252025-12-01: 2.252026-01-01: 2.252026-02-01: 2.252026-03-01: 2.252026-04-01: 2.252026-05-01: 2.252026-06-01: 2.252026-07-01: 2.252026-08-01: 2.252026-09-01: 2.25
Source: Bank of Canada, Valet via CRED
Shaded areas indicate Canadian recessions (C.D. Howe Institute).

Bank of Canada Policy Interest Rate

CREDOvernight Money Market Rate
COVID-19 recession00.511.522.533.544.555.5201620182020202220242026Percent2016-10-01: 0.48832016-11-01: 0.48932016-12-01: 0.49362017-01-01: 0.48852017-02-01: 0.48872017-03-01: 0.50032017-04-01: 0.49532017-05-01: 0.48862017-06-01: 0.49412017-07-01: 0.74142017-08-01: 0.74732017-09-01: 0.99412017-10-01: 0.99552017-11-01: 0.99162017-12-01: 0.9972018-01-01: 1.24612018-02-01: 1.23672018-03-01: 1.24572018-04-01: 1.24612018-05-01: 1.24342018-06-01: 1.24642018-07-01: 1.49482018-08-01: 1.49612018-09-01: 1.49792018-10-01: 1.74762018-11-01: 1.74732018-12-01: 1.75162019-01-01: 1.74622019-02-01: 1.74552019-03-01: 1.74612019-04-01: 1.74592019-05-01: 1.7452019-06-01: 1.74292019-07-01: 1.74692019-08-01: 1.74812019-09-01: 1.74542019-10-01: 1.74722019-11-01: 1.74872019-12-01: 1.74792020-01-01: 1.74872020-02-01: 1.74852020-03-01: 0.74062020-04-01: 0.23412020-05-01: 0.23792020-06-01: 0.23272020-07-01: 0.24072020-08-01: 0.23372020-09-01: 0.21812020-10-01: 0.23372020-11-01: 0.23362020-12-01: 0.17412021-01-01: 0.18262021-02-01: 0.21432021-03-01: 0.15292021-04-01: 0.16692021-05-01: 0.18722021-06-01: 0.18732021-07-01: 0.1932021-08-01: 0.20262021-09-01: 0.18242021-10-01: 0.20252021-11-01: 0.20782021-12-01: 0.12742022-01-01: 0.18112022-02-01: 0.17542022-03-01: 0.44032022-04-01: 0.92082022-05-01: 0.94862022-06-01: 1.44792022-07-01: 2.46562022-08-01: 2.48122022-09-01: 3.2132022-10-01: 3.23482022-11-01: 3.74772022-12-01: 4.24982023-01-01: 4.24512023-02-01: 4.47642023-03-01: 4.49682023-04-01: 4.49242023-05-01: 4.49292023-06-01: 4.73632023-07-01: 4.99152023-08-01: 4.9972023-09-01: 4.99062023-10-01: 5.01052023-11-01: 5.01392023-12-01: 5.02182024-01-01: 5.02992024-02-01: 5.00172024-03-01: 5.0052024-04-01: 4.99732024-05-01: 5.00252024-06-01: 4.76352024-07-01: 4.5082024-08-01: 4.51492024-09-01: 4.26622024-10-01: 3.77742024-11-01: 3.75822024-12-01: 3.27692025-01-01: 3.27232025-02-01: 2.9832025-03-01: 2.73852025-04-01: 2.73772025-05-01: 2.74342025-06-01: 2.74412025-07-01: 2.7472025-08-01: 2.75982025-09-01: 2.52792025-10-01: 2.50012025-11-01: 2.23392025-12-01: 2.27112026-01-01: 2.24912026-02-01: 2.24922026-03-01: 2.26492026-04-01: 2.26592026-05-01: 2.24222026-06-01: 2.28752026-07-01: 2.25992026-08-01: 2.23612026-09-01: 2.2789
Source: Bank of Canada, Valet via CRED
Shaded areas indicate Canadian recessions (C.D. Howe Institute).

Overnight Money Market Rate

CREDCORRA
2.262.282.32.322.342.362.382026Percent2026-04-16: 2.312026-04-17: 2.32026-04-20: 2.282026-04-21: 2.282026-04-22: 2.32026-04-23: 2.32026-04-24: 2.332026-04-27: 2.322026-04-28: 2.32026-04-29: 2.32026-04-30: 2.32026-05-01: 2.282026-05-04: 2.32026-05-05: 2.282026-05-06: 2.282026-05-07: 2.272026-05-08: 2.262026-05-11: 2.252026-05-12: 2.252026-05-13: 2.252026-05-14: 2.252026-05-15: 2.252026-05-19: 2.252026-05-20: 2.262026-05-21: 2.262026-05-22: 2.262026-05-25: 2.272026-05-26: 2.272026-05-27: 2.252026-05-28: 2.252026-05-29: 2.252026-06-01: 2.262026-06-02: 2.262026-06-03: 2.282026-06-04: 2.262026-06-05: 2.262026-06-08: 2.262026-06-09: 2.262026-06-10: 2.252026-06-11: 2.272026-06-12: 2.272026-06-15: 2.272026-06-16: 2.282026-06-17: 2.292026-06-18: 2.32026-06-19: 2.332026-06-22: 2.32026-06-23: 2.32026-06-24: 2.32026-06-25: 2.312026-06-26: 2.322026-06-29: 2.312026-06-30: 2.342026-07-02: 2.32026-07-03: 2.312026-07-06: 2.312026-07-07: 2.282026-07-08: 2.282026-07-09: 2.292026-07-10: 2.32026-07-13: 2.32026-07-14: 2.282026-07-15: 2.312026-07-16: 2.32026-07-17: 2.292026-07-20: 2.292026-07-21: 2.292026-07-22: 2.282026-07-23: 2.272026-07-24: 2.282026-07-27: 2.282026-07-28: 2.282026-07-29: 2.312026-07-30: 2.312026-07-31: 2.372026-08-04: 2.332026-08-05: 2.312026-08-06: 2.32026-08-07: 2.32026-08-10: 2.282026-08-11: 2.272026-08-12: 2.272026-08-13: 2.272026-08-14: 2.262026-08-17: 2.272026-08-18: 2.262026-08-19: 2.262026-08-20: 2.252026-08-21: 2.252026-08-24: 2.252026-08-25: 2.252026-08-26: 2.252026-08-27: 2.252026-08-28: 2.252026-08-31: 2.272026-09-01: 2.292026-09-02: 2.32026-09-03: 2.32026-09-04: 2.292026-09-08: 2.292026-09-09: 2.292026-09-10: 2.32026-09-11: 2.32026-09-14: 2.282026-09-15: 2.292026-09-16: 2.292026-09-17: 2.292026-09-18: 2.292026-09-21: 2.292026-09-22: 2.292026-09-23: 2.292026-09-24: 2.32026-09-25: 2.32026-09-28: 2.32026-09-29: 2.312026-10-01: 2.32026-10-02: 2.32026-10-05: 2.292026-10-06: 2.292026-10-07: 2.29
Source: Bank of Canada, Valet via CRED
Shaded areas indicate Canadian recessions (C.D. Howe Institute).

CORRA

CRED5-Year Government of Canada Bond Yield
33.13.23.33.43.53.63.72026Percent2026-04-16: 3.12026-04-17: 3.042026-04-20: 3.042026-04-21: 3.12026-04-22: 3.12026-04-23: 3.112026-04-24: 3.072026-04-27: 3.112026-04-28: 3.142026-04-29: 3.262026-04-30: 3.22026-05-01: 3.182026-05-04: 3.272026-05-05: 3.262026-05-06: 3.152026-05-07: 3.182026-05-08: 3.122026-05-11: 3.192026-05-12: 3.242026-05-13: 3.232026-05-14: 3.222026-05-15: 3.362026-05-19: 3.352026-05-20: 3.232026-05-21: 3.192026-05-22: 3.22026-05-25: 3.112026-05-26: 3.122026-05-27: 3.142026-05-28: 3.12026-05-29: 3.052026-06-01: 3.082026-06-02: 3.072026-06-03: 3.082026-06-04: 3.082026-06-05: 3.142026-06-08: 3.182026-06-09: 3.152026-06-10: 3.132026-06-11: 3.052026-06-12: 3.042026-06-15: 3.042026-06-16: 3.032026-06-17: 3.082026-06-18: 3.042026-06-19: 3.042026-06-22: 3.092026-06-23: 3.062026-06-24: 2.992026-06-25: 3.022026-06-26: 3.022026-06-29: 32026-06-30: 3.012026-07-02: 3.062026-07-03: 3.062026-07-06: 3.032026-07-07: 3.112026-07-08: 3.182026-07-09: 3.122026-07-10: 3.132026-07-13: 3.192026-07-14: 3.182026-07-15: 3.142026-07-16: 3.152026-07-17: 3.182026-07-20: 3.182026-07-21: 3.162026-07-22: 3.222026-07-23: 3.282026-07-24: 3.222026-07-27: 3.192026-07-28: 3.162026-07-29: 3.192026-07-30: 3.192026-07-31: 3.272026-08-04: 3.172026-08-05: 3.172026-08-06: 3.222026-08-07: 3.262026-08-10: 3.342026-08-11: 3.322026-08-12: 3.32026-08-13: 3.232026-08-14: 3.282026-08-17: 3.312026-08-18: 3.292026-08-19: 3.32026-08-20: 3.352026-08-21: 3.362026-08-24: 3.282026-08-25: 3.222026-08-26: 3.262026-08-27: 3.32026-08-28: 3.342026-08-31: 3.332026-09-01: 3.352026-09-02: 3.422026-09-03: 3.412026-09-04: 3.42026-09-08: 3.442026-09-09: 3.482026-09-10: 3.632026-09-11: 3.652026-09-14: 3.652026-09-15: 3.652026-09-16: 3.642026-09-17: 3.542026-09-18: 3.592026-09-21: 3.572026-09-22: 3.542026-09-23: 3.692026-09-24: 3.692026-09-25: 3.652026-09-28: 3.682026-09-29: 3.692026-10-01: 3.622026-10-02: 3.62026-10-05: 3.632026-10-06: 3.592026-10-07: 3.6
Source: Bank of Canada, Valet via CRED
Shaded areas indicate Canadian recessions (C.D. Howe Institute).

5-Year Government of Canada Bond Yield

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