Operational details for upcoming secondary market purchases of Government of Canada securities (June 22-July 3)

As previously announced, the Bank of Canada (the Bank) launched on April 1, 2020 a program to purchase Government of Canada securities in the secondary market – the Government Bond Purchase Program (GBPP). The GBPP operations for the two-week period beginning June 22 are announced below.

The Bank will conduct the following purchase operations the week of June 22:

  • Monday, June 22 in the 30-year sector.
  • Tuesday, June 23 in the short-end sector (less than 2-year).
  • Wednesday, June 24 in the 2-year sector.
  • Thursday, June 25 in the 5-year sector. 
  • Friday, June 26 in the 10-year sector.

The Bank will conduct the following purchase operations the week of June 29:

  • Monday, June 29 in the 30-year sector.
  • Tuesday, June 30 in the short-end sector (less than 2-year).
  • Thursday, July 2 in the 2-year sector.
  • Friday, July 3 in the 5-year sector.

NOTE: all operations will have a T+2 settlement unless otherwise stated.

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.


Director
Financial Markets Department
Bank of Canada
613-782-7723


Director
Financial Markets Department
Bank of Canada
613-782-7245


Bank of Canada
613-782-8782