Government of Canada 2-year bond yield
The benchmark yield on a 2-year Government of Canada bond.
Daily (business days), delayed Observed 2026-11-05 · retrieved 2026-11-07 · Source: Bank of Canada · Not a live quote.
Government of Canada 2-year bond yield over time
Daily observations. Use the period buttons to change the range; the table beneath the chart lists the values.
Government of Canada 2-year bond yield
%. Percent per year; higher yield means a lower bond price.
Chart loads when it comes into view.
Latest values: Government of Canada 2-year bond yield 3.17 (2026-11-05).
Related relationships: Government of Canada bond yields
Quotation convention. Percent per year; higher yield means a lower bond price.
What this indicator is and why it is watched
What it measures
The benchmark yield on a 2-year Government of Canada bond.
Why it is watched
Short-term yields reflect what investors expect the policy rate to do over the next couple of years.
How it connects to the wider economy
Context, not a claim of cause.
It often moves before the policy rate does; whether it leads is a question the data can inform but not settle by itself.
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.2YR.DQ.YLD
- Frequency
- Daily
- Unit
- %
- Observations
- 4,205 (long history)
- Retrieved
- 2026-11-07
- Series id
ca23_2y
Benchmark yields are the central bank or Treasury estimate for a bond of fixed maturity, not the yield on one specific bond. Daily, Bank of Canada.
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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Questions worth testing
In Studio, the Scenarios tab can ask a what-if question about this indicator. Scenario Intelligence applies its usual checks: when there is too little history, the series are not comparable or the relationship is not stable, it reports “not enough evidence” rather than a number.