An evaluation of the portfolio-balance effects of the Bank of Canada’s Government of Canada Bond Purchase Program on the Canadian Yield Curve https://www.bankofcanada.ca/?p=241281 Average maturity of the outstanding GoC debt Average maturity of the outstanding GoC debt (with consolidated BoC holdings under normal course) Average maturity of the outstanding GoC debt (with consolidated BoC total holdings) x QE with half life of 6.9 years QE with half life of 4.5 years QE with half life of 3.5 years 5.024.334.33 5.044.354.35 4.974.304.30 4.974.294.29 4.974.294.29 4.954.274.27 4.974.294.29 4.984.304.30 4.894.224.22 4.884.224.22 4.964.284.28 4.854.194.19 4.894.234.23 4.914.254.25 4.784.134.13 4.834.184.18 4.834.184.18 4.784.134.13 4.774.134.13 4.824.174.17 4.754.124.12 4.764.124.12 4.884.234.23 4.784.144.14 4.814.174.17 4.814.174.17 4.593.983.98 4.143.583.46 3.833.293.06 3.703.182.84 3.783.252.79 4.053.492.92 4.153.582.91 4.323.742.98 4.423.832.97 4.423.842.91 4.523.922.90 4.543.942.85 4.674.072.88 4.744.122.85 4.854.232.92 4.794.182.86 4.774.172.82 4.884.262.89 5.054.413.00 5.034.392.96 5.154.513.08 5.074.443.05 5.124.493.10 5.144.523.14 5.134.533.18 5.154.553.21 5.234.643.31 5.184.603.31 5.184.613.35 5.284.713.45 5.244.683.45 5.264.723.51 5.404.853.63 5.264.733.56 5.254.733.58 5.354.823.67 5.294.783.66 5.274.773.68 5.274.783.70 5.224.743.69 5.214.743.71 5.174.713.70 5.224.763.77 5.214.753.78 5.254.793.82 5.204.773.83 5.194.763.84 5.244.823.90 5.134.733.86 10.000.000.00 2-1.97-1.97-1.97 3-4.51-4.49-4.48 4-7.42-7.36-7.31 5-10.56-10.42-10.34 6-13.83-13.60-13.44 7-17.17-16.80-16.57 8-20.52-20.00-19.66 9-23.86-23.15-22.69 10-27.17-26.24-25.65 11-30.42-29.25-28.51 12-33.61-32.18-31.28 13-36.74-35.02-33.94 14-39.80-37.77-36.51 15-42.79-40.42-38.97 16-45.70-42.99-41.33 17-48.55-45.47-43.60 18-51.33-47.87-45.78 19-54.04-50.18-47.86 20-56.68-52.42-49.86 21-59.25-54.57-51.78 22-61.77-56.65-53.62 23-64.22-58.66-55.39 24-66.61-60.60-57.08 25-68.95-62.47-58.70 26-71.23-64.28-60.26 27-73.45-66.03-61.75 28-75.63-67.72-63.19 29-77.75-69.36-64.57 30-79.82-70.93-65.89 31-81.84-72.46-67.16 32-83.82-73.93-68.38 33-85.75-75.36-69.55 34-87.63-76.74-70.67 35-89.48-78.07-71.75 36-91.28-79.36-72.79 37-93.03-80.60-73.79 38-94.75-81.81-74.75 39-96.43-82.97-75.66 40-98.07-84.10-76.55