Do hedge funds support liquidity in the Government of Canada bond market?

Jabir Sandhu and Rishi Vala

No 2023-11, Staff Analytical Notes from Bank of Canada

Abstract: In March 2020, shutdowns associated with the spread of COVID‑19 led to turmoil in financial markets globally. Asset managers sold large volumes of fixed-income securities within a short time period, while dealers did not have sufficient capacity to purchase securities using their own balance sheets (Fontaine et al. 2021).

Keywords: Coronavirus disease (COVID-19); Financial markets; Financial stability; Market structure and pricing (search for similar items in EconPapers)
JEL-codes: D D47 D5 D53 G G14 G2 G23 (search for similar items in EconPapers)
Date: 2023-07
New Economics Papers: this item is included in nep-fmk
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