Operational details for upcoming secondary market purchases of Government of Canada securities (April 13- 24)
As announced on March 27, 2020, the Bank of Canada (the Bank) launched on April 1, 2020 a program to purchase Government of Canada securities in the secondary market. The operations for the two-week period beginning April 13 are announced below.
The Bank will conduct the following purchase operations the week of April 13:
- Monday, April 13 in the 30-year sector.
- Tuesday, April 14 in the short-end sector (less than 2-year sector).
- Wednesday, April 15 in the 5-year sector.
- Thursday, April 16 in the 2-year sector.
- Friday, April 17 in the 10-year sector.
The Bank will conduct the following purchase operations the week of April 20:
- Monday, April 20 in the 5-year sector.
- Tuesday, April 21 in the short-end sector (less than 2-year sector).
- Wednesday, April 22 in the 30-year sector.
- Thursday, April 23 in the 2-year sector.
- Friday, April 24 in the 10-year sector.
NOTE: all operations will have a T+2 settlement.
The secondary market purchases conducted by the Bank should settle with the Bank (CUID: BOCB) and not the Government of Canada.
The Bank will announce specific operational details (size, timing, the basket of eligible securities) at least one day ahead of each operation.
The Bank continues to monitor market developments closely and remains committed to supporting the liquidity and efficient functioning of the Government of Canada bond market.
Scott Kinnear
Director
Financial Markets Department
Bank of Canada
613-782-7723
Mark de Guzman
Director
Financial Markets Department
Bank of Canada
613-782-7245
Media Relations
Bank of Canada
613-782-8782