00000nam 2200000zi 4500 9.951218 CaOODSP 20250520150033 m o d f cr |n||||||||| 250520t20252025oncd ob f|0| 0 eng d CaOODSP eng rda CaOODSP eng eng fre n-cn--- FB3-6/2025-7E-PDF Epp, Adam, author. Are hedge funds a hedge for increasing government debt issuance? / Adam Epp [and] Jeffrey Gao. [Ottawa] : Bank of Canada = Banque du Canada, 2025. ©2025 1 online resource (ii, 19 pages) : charts. text txt rdacontent computer c rdamedia online resource cr rdacarrier Staff discussion paper = Document d'analyse du personnel, 1914-0568 ; 2025-7 ISSN assigned to different series. "Last updated: May 8, 2025." Includes bibliographical references. "This paper studies the rapid increase since 2019 of Government of Canada (GoC) debt issuance alongside greater hedge fund participation at GoC bond auctions. We find a systematic relationship between GoC debt stock and hedge fund bidding shares at auction. We attribute this to hedge funds’ business models, which are based on volume and leverage"--Abstract, page ii. Includes abstract in French. Government securities Government policy Canada. Hedge funds Canada. Effets publics Politique gouvernementale Canada. Fonds spéculatifs Canada. Bank of Canada, issuing body. Staff discussion paper (Bank of Canada) 2025-7. (CaOODSP)9.806273 PDF 993 KB https://publications.gc.ca/collections/collection_2025/banque-bank-canada/FB3-6-2025-7-eng.pdf