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What COVID-19 revealed about the resilience of bond funds

Author

Listed:
  • Guillaume Ouellet Leblanc
  • Ryan Shotlander

Abstract

The liquidity management strategies of fund managers, supported by policy measures, have helped bond funds limit the increase in redemptions caused by COVID 19. This avoided further deterioration in liquidity in bond markets. Nevertheless, these funds were left with lower cash buffers, which could make them more vulnerable to additional large redemptions.

Suggested Citation

  • Guillaume Ouellet Leblanc & Ryan Shotlander, 2020. "What COVID-19 revealed about the resilience of bond funds," Staff Analytical Notes 2020-18, Bank of Canada.
    • Handle: RePEc:bca:bocsan:20-18
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    File URL: https://www.bankofcanada.ca/2020/08/staff-analytical-note-2020-18/
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    Cited by:

    1. Jean-Sébastien Fontaine & Corey Garriott & Jesse Johal & Jessica Lee & Andreas Uthemann, 2021. "COVID-19 Crisis: Lessons Learned for Future Policy Research," Discussion Papers 2021-2, Bank of Canada.

    More about this item

    Keywords

    Financial markets; Financial stability;

    JEL classification:

    • G - Financial Economics
    • G1 - Financial Economics - - General Financial Markets
    • G2 - Financial Economics - - Financial Institutions and Services
    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors

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