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Tests of Market Efficiency in the One-Week When-Issued Market for Government of Canada Treasury Bills
Technical Report No. 65 D. Graham PughThis report presents different tests of market efficiency in the when- issued market for Government of Canada treasury bills and examines the effectiveness, in this market, of Bank operations over the 1986 to mid- 1992 period. The when-issued market, which is a combination of a forward and futures market, enables market participants to buy or […]Content Type(s): Staff research, Technical reports Topic(s): Financial markets JEL Code(s): G, G1, G14
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