<?xml version="1.0" encoding="UTF-8"?>
<data>
<terms url="https://www.bankofcanada.ca/terms/"></terms>
<groupDetail>
    <label>Hedge funds and their trading strategies in the Government of Canada bond market</label>
    <description><![CDATA[Hedge funds are active in Canadian government bond markets and help improve market efficiency. But their trading strategies are not well understood. We offer insights into the range of strategies hedge funds use beyond the more commonly known cash-futures basis trade. We also explore the concentration of trading activity among a few large funds.]]></description>
    <link>https://www.bankofcanada.ca/?p=251330</link>
</groupDetail>
<seriesDetail>
<series id="SABA_UTHE20260129_C1_S1">
<label>Share of hedge fund trading volume, by strategy</label>
<description></description>
<dimension key="k" name="Category"/>
</series>
<series id="SABA_UTHE20260129_C2_S1">
<label>Top 5 firms managing hedge funds</label>
<description></description>
<dimension key="k" name="Category"/>
</series>
<series id="SABA_UTHE20260129_C2_S2">
<label>Top 6–10 firms managing hedge funds</label>
<description></description>
<dimension key="k" name="Category"/>
</series>
<series id="SABA_UTHE20260129_C2_S3">
<label>All other firms managing hedge funds</label>
<description></description>
<dimension key="k" name="Category"/>
</series>
</seriesDetail>
<observations>
<o k="Macro curve trades"><v s="SABA_UTHE20260129_C1_S1">20</v><v s="SABA_UTHE20260129_C2_S1">64</v><v s="SABA_UTHE20260129_C2_S2">19</v><v s="SABA_UTHE20260129_C2_S3">17</v></o>
<o k="Micro curve trades"><v s="SABA_UTHE20260129_C1_S1">32</v><v s="SABA_UTHE20260129_C2_S1">68</v><v s="SABA_UTHE20260129_C2_S2">20</v><v s="SABA_UTHE20260129_C2_S3">13</v></o>
<o k="Credit spread trades"><v s="SABA_UTHE20260129_C1_S1">12</v><v s="SABA_UTHE20260129_C2_S1">52</v><v s="SABA_UTHE20260129_C2_S2">34</v><v s="SABA_UTHE20260129_C2_S3">14</v></o>
<o k="Other trades (including cash-futures basis trades)"><v s="SABA_UTHE20260129_C1_S1">36</v><v s="SABA_UTHE20260129_C2_S1">55</v><v s="SABA_UTHE20260129_C2_S2">24</v><v s="SABA_UTHE20260129_C2_S3">21</v></o>
</observations>
</data>