Chart 2: The Government of Canada Bond Purchase Program pushed down 10-year yields https://www.bankofcanada.ca/?p=241281 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 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