December 11, 2008
Results of the 11 December 2008 Sale of Treasury Bills for Balance Sheet Management Purposes
Results of the 11 December 2008 Sale of Treasury Bills.
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December 10, 2008
Results for the 10 December 2008 Term Loan Facility
The results of today's TLF operation are as follows: -
December 9, 2008
Bank of Canada lowers overnight rate target by 3/4 percentage point to 1 1/2 per cent
The Bank of Canada today announced that it is lowering its target for the overnight rate by three-quarters of a percentage point to 1 1/2 per cent. -
December 9, 2008
Bank of Canada Announces Details of its 26 Day Term Loan Facility
In accordance with the schedule of Term Loan Facility (TLF) auctions announced on 28 November, the Bank of Canada announced today that it will enter into a 26-day TLF transaction as follows: -
December 9, 2008
Results of the 9 December 2008 Term PRA Transaction
The results of today's term PRA operations are as follows: -
December 9, 2008
Senior Loan Officer Survey - Fourth-Quarter 2008
Survey respondents reported a further widespread tightening in lending conditions. Respondents attributed the tightening of lending conditions mainly to concerns about the general economic outlook, although a worsening of industry-specific factors was also cited as a contributing cause. -
December 8, 2008
Bank of Canada Announces Details of its 28 Day Term PRA Transaction
In accordance with the schedule of term purchase and resale agreement (PRA) auctions announced on 1 December, the Bank of Canada announced today that it will enter into a 28-day term PRA transaction as follows: -
December 8, 2008
Bank of Canada to Sell Treasury Bills for Balance Sheet Management Purposes
The Bank of Canada announced today it will sell $0.50 billion of its holdings of treasury bills. This transaction will partially offset the temporary increase in assets associated with the outstanding term liquidity facilities. Details of the transaction are as follows: -
December 8, 2008
Results of the 8 December 2008 Term PRA Transaction for Private Sector Money Market Instruments
The results of today's term PRA operations are as follows: -
How Important Is Liquidity Risk for Sovereign Bond Risk Premia? Evidence from the London Stock Exchange
This paper uses the framework of arbitrage-pricing theory to study the relationship between liquidity risk and sovereign bond risk premia. The London Stock Exchange in the late 19th century is an ideal laboratory in which to test the proposition that liquidity risk affects the price of sovereign debt.