G - Financial Economics

• Buying Back Government Bonds: Mechanics and Other Considerations

  Staff Working Paper 1998-9 Toni Gravelle

  With the elimination of the federal deficit, the Bank of Canada, the Department of Finance, and financial market participants are examining ways to manage the reduction in the stock of marketable debt. This paper summarizes three different methods—reverse auction, over-the-counter purchases, and conversions—that could be used to buy back Government of Canada bonds before they […]

  Content Type(s): Staff research, Staff working papers Topic(s): Debt management, Financial markets JEL Code(s): G, G1

• Easing Restrictions on the Stripping and Reconstitution of Government of Canada Bonds

  Staff Working Paper 1998-8 David Bolder, Serge Boisvert

  The Department of Finance and the Bank of Canada, as its fiscal agent, work closely with financial market participants in the management of the federal government's debt program. From the government's perspective, maintaining a liquid well-functioning market in Government of Canada securities is a key factor in ensuring that debt-service costs are minimized. It is […]

  Content Type(s): Staff research, Staff working papers Topic(s): Debt management JEL Code(s): G, G1