The Bank of Canada published its quarterly bond schedule on Thursday and announced that it will reintroduce the three-year bond later this year, and will add maturities for other issues.

In February and March, the bank and the Department of Finance sought the views of government securities distributors, institutional investors, and others on new measures contemplated in the debt management strategy for 2009-2010, including the reintroduction of a three-year bond maturity, the potential for additional benchmarks in the two- and five-year sectors, and the possible return to weekly treasury bill auctions.

On Thursday, the bank said that the current biweekly issuance pattern for treasury bill auctions will be maintained, the two-year bond will have additional March and September maturities, the three-year bond will be reintroduced with March and September maturities, and the five-year bond will have an additional December maturity.

Quarterly switch operations covering longer-term maturities are planned, it said.

IE