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

Abstract: 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)
Date: 2020-07
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Persistent link: https://EconPapers.repec.org/RePEc:bca:bocsan:20-16

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