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9584 Results

Fabienne Schneider

Fabienne Schneider is a Senior Economist in the Financial Markets Department at the Bank of Canada.

On-the-run Premia, Settlement Fails, and Central Bank Access

Staff Working Paper 2025-19 Fabienne Schneider
The premium on “on-the-run” Treasuries is an anomaly. I explain it using a model in which primary dealers hold inventories of Treasuries. I use the model to analyze the effects of granting access to central bank facilities.

Sylvain Giguère

Sylvain Giguère was appointed Regional Director (Economics) at the Bank of Canada’s Regional Office for Quebec in May 2025.
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