Quarterly Bond Schedule and Further Details on the 2009-2010 Debt Program
Today, the Quarterly Bond Schedule is being published on the Bank of Canada's website in conjunction with the release of the NHA MBS Auction Schedule on the website of the Canada Mortgage and Housing Corporation.
Further details are being provided on the debt program outlined in Debt Management Strategy 2009-2010, tabled on 27 January 2009 as Annex 4 of Budget 2009.
Winter 2009 Consultations
In February and March 2009, the Department of Finance and the Bank of Canada sought the views of government securities distributors, institutional investors, and other interested parties on new measures identified in Debt Management Strategy 2009-2010, including the reintroduction of a 3-year bond maturity, the potential for additional benchmarks in the 2- and 5-year sectors, and the possible return to weekly treasury bill auctions.
Comments received during these consultations were taken into consideration in the planning of the debt programs for 2009-2010. The Department of Finance and the Bank of Canada would like to thank all parties for the comments they provided during the consultation process.
Additional Details on the 2009-2010 Debt Program
It was indicated in Debt Management Strategy 2009-2010 that, in light of the financial requirements for 2009-2010, certain measures were being considered with respect to the debt program. The list below provides further clarification and confirmation for those items:
- The current biweekly issuance pattern for treasury bill auctions will be maintained.
- The 2-year bond will have additional March and September maturities.
- The 3-year bond will be reintroduced with March and September maturities.
- The 5-year bond will have an additional December maturity.
- Quarterly switch operations covering longer-term maturities are planned.
For further information, please contact:
Funds Management and Banking Department
Bank of Canada
Chief, Debt Management Policy
Financial Markets Division
Department of Finance