February 8, 2024
Access information about purchases and holdings of Canada Mortgage Bonds (CMBs) by the Government of Canada—and find key contacts and related notices.
Purchases
Upcoming purchases
The Government of Canada intends to purchase 50% of fixed-rate Canada Mortgage Bond (CMB) primary issuance over the 2024 calendar year, subject to assuring the purchases remain appropriate for market conditions. Final details for the government’s purchases at each issuance will be communicated as part of the wider CMB syndications.
Completed purchases
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Purchases are announced after syndications.
| Maturity date | Term (years) | Coupon rate | ISIN | Amount purchased ($M) | Price | Yield (%) | Initial spread (Bps) | Trade date | Settle date |
|---|---|---|---|---|---|---|---|---|---|
| 2029-12-15 | 5 | 2.900 | CA13509PJX20 | 3,750.000 | 99.146 | 3.086 | 18.500 | 2024-12-12 | 2024-12-19 |
| 2034-12-15 | 10 | 3.500 | CA13509PJW47 | 3,250.000 | 98.721 | 3.653 | 40.000 | 2024-11-14 | 2024-11-21 |
| 2029-12-15 | 5 | 2.900 | CA13509PJX20 | 3,750.000 | 99.791 | 2.944 | 19.500 | 2024-09-19 | 2024-09-26 |
| 2034-12-15 | 10 | 3.500 | CA13509PJW47 | 3,250.000 | 99.823 | 3.521 | 45.500 | 2024-08-15 | 2024-08-22 |
| 2029-06-15 | 5 | 3.700 | CA13509PJT18 | 4,000.000 | 100.909 | 3.499 | 21.000 | 2024-06-18 | 2024-06-25 |
| 2034-03-15 | 10 | 4.250 | CA13509PJS35 | 3,500.000 | 102.358 | 3.957 | 41.000 | 2024-05-16 | 2024-05-24 |
| 2029-06-15 | 5 | 3.700 | CA13509PJT18 | 4,000.000 | 99.929 | 3.716 | 24.500 | 2024-03-13 | 2024-03-20 |
| 2034-03-15 | 10 | 4.250 | CA13509PJS35 | 3,500.000 | 102.079 | 3.997 | 39.500 | 2024-02-14 | 2024-02-22 |
Holdings
| Maturity date | Coupon rate | ISIN | Amount purchased ($M) |
|---|---|---|---|
| 2029-06-15 | 3.700 | CA13509PJT18 | 8,000.000 |
| 2029-12-15 | 2.900 | CA13509PJX20 | 3,750.000 |
| 2034-03-15 | 4.250 | CA13509PJS35 | 7,000.000 |
| 2034-12-15 | 3.500 | CA13509PJW47 | 6,500.000 |
Key contacts
Director
Financial Markets Department
Bank of Canada
343‑573‑4846
Director
Funds Management Division
Department of Finance Canada
343‑549‑3651
Related notices
January 16, 2024
In the 2023 Fall Economic Statement, the Canadian government announced its intention to purchase Canada Mortgage Bonds (CMBs), beginning in 2024, up to an annual maximum of $30 billion while ensuring that the pace and volume of these purchases are appropriate for market conditions.
Operational Details for Government Purchases of Canada Mortgage Bonds
Content Type(s):
Press,
Market notices
Source(s):
Canada Mortgage Bonds: Government purchases and holdings
December 21, 2023
In Budget 2023, the government announced its intention to hold market consultations on a proposal to consolidate Canada Mortgage Bonds (CMBs) within the regular Government of Canada (GoC) borrowing program.
Summary of Comments – Summer 2023 Canada Mortgage Bonds Consultation
Content Type(s):
Press,
Market notices
Source(s):
Canada Mortgage Bonds: Government purchases and holdings