<?xml version="1.0" encoding="UTF-8"?>
<data>
<terms url="https://www.bankofcanada.ca/terms/"></terms>
<groupDetail>
    <label>Impact of bond fund asset sales on market prices</label>
    <description><![CDATA[This file contains data based on the Bank of Canada research paper described above.
The data is not an official statistical release by the Bank of Canada, and it is provided on a voluntary basis by the author(s).
    The Bank and the author(s) are not responsible for errors in this file and do not guarantee that the series will be updated in the future.
    A contact person is listed below for any question or other inquiry.
Baseline assumptions: Vertical slicing and participation of long-term investors and broker-dealers

*  Mixed liquidity-management strategy for bond fund managers
** Long-term investors (LTI) do not buy corporate bonds

The impact on market prices reflects a changes in liquidiyt risk premium, i.e., a compensation for risk beyond expected default.

Bps means basis points

Sources: Bloomberg, Morningstar Direct and Bank of Canada calculations]]></description>
    <link>https://www.bankofcanada.ca/?p=204580</link>
</groupDetail>
<seriesDetail>
<series id="WM_SAN_AROR20190415_C2_S1">
<label>Global financial crisis_Global financial crisis</label>
<description>Great financial crisis (bps)</description>
<dimension key="d" name="Date"/>
</series>
<series id="WM_SAN_AROR20190415_C2_S2">
<label>Taper tantrum_Taper tantrum</label>
<description>Taper tantrum (bps)</description>
<dimension key="d" name="Date"/>
</series>
<series id="WM_SAN_AROR20190415_C2_S3">
<label>Oil price shock_Oil price shock</label>
<description>Oil shock (bps)</description>
<dimension key="d" name="Date"/>
</series>
<series id="WM_SAN_AROR20190415_C2_S4">
<label>2007 _2007</label>
<description>2007 (bps)</description>
<dimension key="d" name="Date"/>
</series>
<series id="WM_SAN_AROR20190415_C2_S5">
<label>2018 _2018</label>
<description>2018 (bps)</description>
<dimension key="d" name="Date"/>
</series>
<series id="WM_SAN_AROR20190415_C2_S6">
<label>2018 with mixed slicing*_2018</label>
<description>2018 with mixed slicing (bps)</description>
<dimension key="d" name="Date"/>
</series>
<series id="WM_SAN_AROR20190415_C2_S7">
<label>2018 with mixed slicing*_decline</label>
<description>2018 with mixed slicing (bps)</description>
<dimension key="d" name="Date"/>
</series>
<series id="WM_SAN_AROR20190415_C2_S8">
<label>2018 with no purchase from LTI**_2018</label>
<description>2018 with no purchase from LTI (bps)</description>
<dimension key="d" name="Date"/>
</series>
<series id="WM_SAN_AROR20190415_C2_S9">
<label>2018 with no purchase from LTI**_increase</label>
<description>2018 with no purchase from LTI (bps)</description>
<dimension key="d" name="Date"/>
</series>
</seriesDetail>
<observations>
<o d="2018-01-01"><v s="WM_SAN_AROR20190415_C2_S1">165</v><v s="WM_SAN_AROR20190415_C2_S2">8</v><v s="WM_SAN_AROR20190415_C2_S3">50</v><v s="WM_SAN_AROR20190415_C2_S4">44</v><v s="WM_SAN_AROR20190415_C2_S5">93</v><v s="WM_SAN_AROR20190415_C2_S6">63</v><v s="WM_SAN_AROR20190415_C2_S7">30</v><v s="WM_SAN_AROR20190415_C2_S8">93</v><v s="WM_SAN_AROR20190415_C2_S9">44</v></o>
</observations>
</data>