What COVID-19 revealed about the resilience of bond funds

Guillaume Ouellet Leblanc () and Ryan Shotlander

No 2020-18, Staff Analytical Notes from Bank of Canada

Abstract: The liquidity management strategies of fund managers, supported by policy measures, have helped bond funds limit the increase in redemptions caused by COVID 19. This avoided further deterioration in liquidity in bond markets. Nevertheless, these funds were left with lower cash buffers, which could make them more vulnerable to additional large redemptions.

Keywords: Financial markets; Financial stability (search for similar items in EconPapers)
JEL-codes: G G1 G2 G20 G23 (search for similar items in EconPapers)
Date: 2020-08
New Economics Papers: this item is included in nep-fmk
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