Will exchange-traded funds shape the future of bond dealing?
Rohan Arora (),
Jean-Sebastien Fontaine (),
Corey Garriott () and
Guillaume Ouellet Leblanc ()
No 2020-16, Staff Analytical Notes from Bank of Canada
Bond dealers have traditionally kept bonds in an inventory until clients buy them. But now, dealers have another way to access bonds for their clients: the exchange-traded fund. We discuss this new way to manage bond dealing and what it might mean for bond markets.
Keywords: Financial markets; Financial stability; Market structure and pricing (search for similar items in EconPapers)
JEL-codes: G G1 G2 G20 G23 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:bca:bocsan:20-16
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