Ten-year yield gap: United States minus Canada

Daily (business days), delayed Observed 2026-11-05 · retrieved 2026-11-07 · Source: Board of Governors of the Federal Reserve System (H.15) · Not a live quote.

Quotation convention. Percentage points.

What it measures

The US 10-year Treasury yield minus the Canadian 10-year benchmark yield.

Why it is watched

A gap between countries can matter for cross-border investment and the exchange rate.

Positive means US yields are higher. The two yields are published by different agencies on slightly different conventions.

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.

• US Treasury 10-year yield Markets · latest 2026-11-05
• Canada 10-year government bond yield Markets · latest 2026-11-05
• USD/CAD: Canadian dollars per US dollar Markets · latest 2026-10

More in Yield curves

• Canada yield curve slope: 10-year minus 2-year
• US yield curve slope: 10-year minus 2-year

Publisher

Board of Governors of the Federal Reserve System (H.15)

Dataset

Federal Reserve statistical release H.15

Frequency

Daily

Unit

percentage points

Observations

4,129 (long history)

Retrieved

2026-11-07

Series id

gl21_us_minus_ca_10y

Derived

Computed by Northline from the published series named in the method note.

Derived by Northline from Federal Reserve H.15 and Bank of Canada yields on dates where both exist.

Adapted from Source: Board of Governors of the Federal Reserve System, Selected Interest Rates (H.15), Market yield on U.S. Treasury securities at 10-year constant maturity, quoted on investment basis. Values unmodified; Treasury yields are Treasury-published constant-maturity estimates. and 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.

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.

Open Ten-year yield gap: United States minus Canada in Studio

Questions worth testing

• Do the US-Canada yield gap and the exchange rate move together?

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.