Hedge funds are taking an increasing share of Government of Canada bond auctions https://www.bankofcanada.ca/?p=245718 2-year tenor 5-year tenor 10-year tenor 30-year tenor 2011 6223 6367 8955 6589 28191518 21212726 27222228 25212824 35293531 39452629 35204144 35433346 36453542 45414841