Canadian bonds more normal than US and UK equivalents at ZLB
Unlike in the US and the UK, the sensitivity of Canadian government bond yields to domestic economic news was reduced only at shorter maturities when the central bank's policy rate was at the effective zero lower bound, a Netherlands Bank working paper finds.
Effect of the zero lower bound on bond yield sensitivity to news in Canada in comparison with the UK and US by Richhild Moessner, studies whether the sensitivity of Canadian government bond yields to domestic and US macroeconomic data
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