Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/200457
Authors: 
Bulusu, Narayan
Gungor, Sermin
Year of Publication: 
2018
Series/Report no.: 
Bank of Canada Staff Discussion Paper 2018-4
Abstract: 
This paper documents the properties of Government of Canada securities in cash, repo and securities lending transactions over their life cycle. By tracking every security from issuance to maturity, we are able to highlight inter-linkages between the markets for cash and for specific securities. Our results indicate that the interaction of search frictions with clientele effects may be key to producing the patterns of trade exhibited by bonds of different maturities.
Subjects: 
Financial markets
Wholesale funding
JEL: 
G12
G21
G23
Document Type: 
Working Paper

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